Chase Ultimate Rewards points value (2026).
Chase Ultimate Rewards points are worth about 2.0 cents each when transferred to airline and hotel partners. The Chase Sapphire Reserve card gives 1.5 cents per point through the Chase Travel portal, but transferring to partners like Hyatt or Virgin Atlantic typically yields much better value.
TL;DR
Chase points are worth roughly 2.0 cpp on average and up to 3.0+ cpp on the best redemptions. Portal value is fixed at 1.25-1.5; transfer to one of 6 top partners for premium-cabin sweet spots.
Verified July 2026
Average value
2.0 cpp
Best value
3.0+ cpp
Portal value
1.25-1.5
Top partners
6
Value assessment guide
How to judge whether you're getting a good deal with your Chase points.
Poor
< 1.25 cpp
Below portal value
Average
1.25 - 2.0 cpp
Portal or basic transfer
Good
2.0 - 3.0 cpp
Solid partner redemption
Excellent
> 3.0 cpp
Premium cabin sweet spot
Best transfer partners
Where to transfer your ultimate rewards points for maximum value.
World of Hyatt
Very High valueTransfer ratio: 1:1
Sweet spot: Category 1-4 hotels for 5,000-15,000 points/night
Virgin Atlantic Flying Club
High valueTransfer ratio: 1:1
Sweet spot: ANA first class for 120k points round-trip
British Airways Avios
High valueTransfer ratio: 1:1
Sweet spot: Short-haul flights from 4,000 Avios one-way
United MileagePlus
Medium valueTransfer ratio: 1:1
Sweet spot: Excursionist Perk for free stopover on round-trips
Air France/KLM Flying Blue
High valueTransfer ratio: 1:1
Sweet spot: Promo Rewards for up to 50% off award flights
Southwest Rapid Rewards
Medium valueTransfer ratio: 1:1
Sweet spot: Companion Pass qualification strategy
Sample redemptions
Real-world examples of what your Chase points can get you.
| Redemption | Points | Cash value | Value (cpp) |
|---|---|---|---|
| Park Hyatt Tokyo (1 night) | 30,000 | $700 | 2.3 cpp |
| NYC to Tokyo (ANA First via Virgin Atlantic) | 120,000 | $25,000 | 20.8 cpp |
| NYC to London (Virgin Atlantic Upper Class) | 60,000 | $4,500 | 7.5 cpp |
| Hyatt Ziva Cancun All-Inclusive (1 night) | 25,000 | $550 | 2.2 cpp |
| Chase Travel Portal (Sapphire Reserve) | 50,000 | $750 | 1.5 cpp |
Approximate values; vary by date, availability, and route.
Cards that earn Ultimate Rewards Points
Best credit cards for earning Chase points.
Chase Sapphire Reserve
3x travel & dining, 10x hotels via portal
$550/yr
Chase Sapphire Preferred
3x dining, 2x travel, 5x via portal
$95/yr
Chase Ink Business Preferred
3x travel, shipping, advertising
$95/yr
Frequently asked questions
What are Chase Ultimate Rewards points worth?
Chase Ultimate Rewards points are worth about 2.0 cents each when transferred to travel partners. Through the Chase Travel portal, they're worth 1.25 cents (Sapphire Preferred) or 1.5 cents (Sapphire Reserve) per point. The best partner transfer redemptions can yield 2-20+ cents per point.
What is the best way to use Chase points?
The best way to use Chase points is to transfer them to World of Hyatt for hotel stays or to airline partners like Virgin Atlantic for premium cabin flights. The Chase-to-Hyatt transfer is widely considered the single best use of Chase points, delivering consistent 2+ cents per point value.
Is it better to use Chase points through the portal or transfer?
Transferring to partners usually provides better value. The Sapphire Reserve portal gives 1.5 cpp, but Hyatt transfers average 2.0+ cpp and airline transfers for business/first class can reach 5-20 cpp. Only use the portal for last-minute bookings or routes without good award availability.
Which Chase cards earn Ultimate Rewards points?
The main Chase Ultimate Rewards cards are the Sapphire Reserve (3x dining & travel), Sapphire Preferred (3x dining, 2x travel), Freedom Unlimited (1.5x everything), Freedom Flex (5x rotating categories), and the Ink business cards. Points pool together across cards.
Do Chase Ultimate Rewards points expire?
Chase Ultimate Rewards points do not expire as long as your account is open. However, if you downgrade from a Sapphire or Ink card to a card that doesn't earn UR points, you may lose the ability to transfer to partners. Always keep at least one premium UR card active.
Related resources
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Earn More Chase Ultimate Rewards Points
Credit cards that transfer to Chase Ultimate Rewards
Build your Chase Ultimate Rewards balance faster with these credit cards offering welcome bonuses and transfer partnerships.
The Business Platinum Card from American Express
Business · Annual fee $895
200,000 points
after $20,000 in 3 months
- Hotel credit ($600)
- Dell credit ($1150)
- Adobe credit ($250)
American Express Business Gold Card
Business · Annual fee $375
200,000 points
after $15,000 in 3 months
- ChatGPT Business Statement Credit ($300)
- FedEx, Grubhub and Office Supply Statement Credit ($240)
- Walmart+ Statement Credit ($155)
The Platinum Card from American Express
Personal · Annual fee $895
175,000 points
after $12,000 in 6 months
- Hotel credit ($600)
- Digital entertainment credit ($300)
- Uber Cash and One credit ($320)
American Express Gold Card
Personal · Annual fee $250
100,000 points
after $8,000 in 6 months
- Dining credit ($120)
- Resy credit ($100)
- Disney Streaming credit ($120)
Chase Sapphire Preferred
Personal · Annual fee $95
100,000 points
after $5,000 in 3 months
- Chase Travel hotel credit ($100)
- Global Entry/TSA PreCheck credit ($120)
- DoorDash DashPass ($120)
Chase Sapphire Reserve
Personal · Annual fee $795
100,000 points
after $6,000 in 3 months
- Travel credit ($300)
- The Edit hotel credit ($500)
- Dining credit ($300)
Credit card approval subject to eligibility. Terms and conditions apply. American Express cards shown are available to US residents only.