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Whether you’re brand new to earning miles and points for free travel, or you’re a seasoned veteran who’s always planning their next international adventure, Chase Ultimate Rewards points are the most useful points to have in your arsenal. That’s because they’re easy to earn and redeem with plenty of options to book flights, hotels, car rentals, and more.
That’s also why Chase Ultimate Rewards is the first program we recommend for beginners. And if you’re just getting started, the Chase Sapphire Preferred Card is the best first credit card – many of us on the MMS team have had it in our wallets for years.
Here’s our full Chase Ultimate Rewards review!
Chase Ultimate Rewards Review
It’s no secret we love Chase Ultimate Rewards points – that’s because they’re:
- Easy to earn from top travel credit cards like the Chase Sapphire Preferred Card, Ink Business Preferred Credit Card, and Chase Sapphire Reserve
- Incredibly valuable and flexible for travel – you can use them to book flights, hotels, rental cars, cruises, and activities without blackout dates through the Chase Ultimate Rewards travel portal, or transfer them to excellent partners like United Airlines and Hyatt (when you have an annual-fee Ultimate Rewards card)
- Simple to use – even if you don’t want to travel, you can redeem points for straightforward cash back, gift cards, and more
Here’s what to know about Chase Ultimate Rewards points.
How to Earn Chase Ultimate Rewards Points
Read all the ways how to earn Chase Ultimate Rewards points in 2019
There are 3 main options for earning Chase Ultimate Rewards points:
- Credit card sign-up bonuses and spending
- Bonus points by shopping through the Chase Ultimate Rewards shopping portal
- Refer-a-friend bonuses
How to setup a Chase Ultimate Rewards account is a simple process once you’ve opened a Chase Ultimate Rewards earning card.
1. Earn Chase Ultimate Rewards Points From Credit Cards
Currently, Chase offers 4 personal and 3 small business Chase Ultimate Rewards point earning cards:
|Card||Sign-Up Bonus & Minimum Spending Requirements||Our Review|
|Ink Business Preferred℠ Credit Card||80,000 Chase Ultimate Rewards points after spending $5,000 on purchases within the first 3 months of opening your account||Read why this is the top card pick for small business owners|
|Chase Sapphire Preferred® Card||60,000 Chase Ultimate Rewards points after spending $4,000 on purchases within the first 3 months of opening your account||The #1 card for beginners|
|Chase Sapphire Reserve||50,000 Chase Ultimate Rewards points after spending $4,000 on purchases within the first 3 months of opening your account||Lots of folks love this premium credit card because of the ongoing perks!|
|Ink Business Unlimited℠ Credit Card||$500 bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of opening your account||Read our review of the Ink Business Unlimited|
|Ink Business Cash℠ Credit Card||$500 bonus (50,000 Chase Ultimate Rewards points) after spending $3,000 on purchases within the first 3 months of opening your account||Read our review of the Ink Business Cash|
|Chase Freedom Unlimited||3% cash back on all purchases for the first year, up to $20,000 spent; then 1.5% cash back||Earn 3% cash back up to $20,000 in first year (Then, 1.5% cash back on ALL purchases)
|Chase Freedom||$150 bonus (15,000 Chase Ultimate Rewards points) after spending $500 on purchases within the first 3 months of opening your account||Here's our review of this great no-annual-fee card!|
Note: All of these cards are subject to the Chase 5/24 rule, which means if you’ve opened 5+ cards (from any bank, except Chase business cards and certain other business cards) in the past 24 months, you won’t be approved.
Beyond the welcome bonuses, you can also earn a ton of Chase Ultimate Rewards points from ongoing spending on these cards. Some earn bonus points for spending in common categories, like travel and dining. For example:
- Chase Sapphire Reserve: Earn 3X Chase Ultimate Rewards points per $1 on travel and dining worldwide (after earning your $300 travel credit)
- Chase Ink Business Preferred: Earn 3X Chase Ultimate Rewards points per $1 on travel up to $150,000 maximum per account anniversary year (combined with other 3X earning categories)
- Chase Sapphire Preferred: Earn 2X Chase Ultimate Rewards points per $1 on travel and dining worldwide with no limits on how much you can earn
And if you prefer not to fuss with bonus categories, the Ink Business Unlimited and Chase Freedom Unlimited both earn 1.5% cash back (1.5X Chase Ultimate Rewards points per $1) on all purchases with no limits.
Check out our post on all the ways how to earn Chase Ultimate Rewards points for the full rundown of all the Chase Ultimate Rewards cards and their spending categories.
2. Earn Chase Ultimate Rewards Points Through the Chase Shopping Portal
In addition to sign-up bonuses and everyday spending on your Chase credit cards, making purchases online through the Chase Ultimate Rewards shopping portal can also help you top up your balance.
When you start your shopping through the Chase Ultimate Rewards shopping portal, you’ll earn bonus points at a wide range of online merchants, including department stores, home improvement stores, and more. It’s a good way to earn a little extra on purchases you’d make anyway.
For a refresher on how to earn points by shopping through the Chase Ultimate Rewards shopping portal (or any other portal!), view our comprehensive guide to online shopping portals. And remember, sometimes you’ll earn or save more by using a different portal.
3. Earn Chase Ultimate Rewards Points When You Refer a Friend
Referring your friends and family to Chase credit cards is a quick way to give your points balance a boost long after you’ve earned the welcome bonus on a card.
When someone you’ve referred is approved for a card through the Chase Refer a Friend program, you’ll earn bonus points (they’ll earn a welcome bonus, too). The number of referral points you’ll earn depends on the card, and it’s capped at a maximum number of bonus points per year.
Note: Chase has started sending out 1099 tax forms for referral bonuses, so be aware there may be implications come tax time. Consult your tax professional for advice.
How Much Are Chase Points Worth?
Read our post on the value of Chase points
The value of your Chase Ultimate Rewards points depends on the cards you have and how you redeem your points.
Typically, you’ll get the most value when you transfer points to airline and hotel partners like United Airlines and Hyatt. To do this, you’ll need to have the Chase Sapphire Preferred Card, Ink Business Preferred Credit Card, or Chase Sapphire Reserve (or the Ink Plus or Ink Bold, which are no longer open to new applications).
Your next best bet is redeeming points through the Chase Ultimate Rewards travel portal for flights, hotels, rental cars, cruises, or activities. Here’s what your points are worth when linked to a specific card:
|Chase Ultimate Rewards Card||How Much Are Points Worth Toward Travel?|
|Chase Sapphire Reserve||1.5 cents|
|Ink Business Preferred Credit Card||1.25 cents|
|Chase Sapphire Preferred Card||1.25 cents|
|Ink Business Cash Credit Card||1 cent|
|Ink Business Unlimited Credit Card||1 cent|
|Chase Freedom||1 cent|
|Chase Freedom Unlimited||1 cent|
|Chase Ink Bold (no longer available)||1.25 cents|
|Chase Ink Plus (no longer available)||1.25 cents|
|Chase Sapphire (no longer available)||1 cent|
The great thing about Chase Ultimate Rewards points is you can combine them between your accounts. For example, if you only have the Ink Business Cash, you can’t move points to travel partners, and they’re only worth 1 cent each when you book through the Chase Ultimate Rewards travel portal. But if you also have the Chase Sapphire Reserve, you can combine your points to that account, then transfer them to airline and hotel partners, or book travel at a rate of 1.5 cents per point.
How to Use Chase Ultimate Rewards Points
You’ve got loads of options for using your Chase Ultimate Rewards points, including:
- Transfer points to Chase’s airline and hotel partners if you have the Chase Sapphire Preferred Card, Ink Business Preferred Credit Card, or Chase Sapphire Reserve
- Redeem points through the Chase Ultimate Rewards travel portal for airfare, hotels, rental cars, cruises, and activities
- Cash back, gift cards, Amazon purchases, and Apple purchases
Remember, the best value for your points is whatever makes you happy and meets your needs. The choice is ultimately yours!
1. Transfer Chase Ultimate Rewards Points to Travel Partners
Check out our step-by-step video guide to transferring Chase Ultimate Rewards points to airline and hotel partners
When you have the Chase Sapphire Preferred Card, Ink Business Preferred Credit Card, or Chase Sapphire Reserve, you’ll unlock the ability to transfer your Chase Ultimate Rewards points to 9 airline and 3 hotel programs:
- Aer Lingus
- British Airways
- Flying Blue (loyalty program of Air France & KLM)
- Singapore Airlines
- United Airlines
- Virgin Atlantic
You can get tremendous value from your points this way, especially if you book international First and Business Class flights or 5-star luxury hotels. Or even if you stick close to home and redeem your points for award flights and hotel stays in pricey cities or during the busy travel season.
Usually, transfers are instant. Here’s a summary of transfer times to various partners:
|Travel Partner||Estimated Transfer Time|
|IHG||~1 to ~2 days|
|Marriott||~1 to ~2 days|
|Singapore Airlines||~1 to ~2 days|
2. Redeem Chase Ultimate Rewards Points for Travel Through the Chase Travel Portal
For convenience and ease of use, nothing beats redeeming your points through the Chase Travel portal. My family and I have done this on several occasions when we’re particular about wanting to fly at a specific time or stay at a certain hotel, and we don’t have the patience or flexibility to deal with transferring our points to various travel partners.
As mentioned, the specific value of your Chase Ultimate Rewards points can change depending on which card you’re redeeming them from (see the table above).
The best thing about redeeming your points for various travel options through the Chase Ultimate Rewards portal is simplicity. If you want to book a flight on a specific date (without blackout dates), a hotel at a unique location, or a rental car (my most common usage!), booking through the Chase Travel Portal is a solid bet. And if you’d rather not do the investigation or research yourself, you can call Chase Travel Rewards at 866-951-6592.
You’ll also earn points on the flights you take. But note that you won’t earn hotel points or stay credits because it’s considered a 3rd-party booking.
My Favorite Usage: I love booking unique or hard-to-find hotels through the Chase Travel portal using my Chase Sapphire Reserve for 1.5 cents per point. For example, I used ~28,000 Chase Ultimate Rewards points per night to book a stay at the White Pearl Villas in Santorini on an anniversary trip 2 years ago. The hotel was unique, gorgeous, and way more money that I would’ve wanted to pay in cash. This was a huge win for me, and another reason I pay the annual fee on the Chase Sapphire Reserve year after year!
3. Redeem Chase Ultimate Rewards Points for Cash
Your Chase Ultimate Rewards points are always worth 1 cent per point when you redeem them for cash back. So, for example, redeeming 50,000 Chase Ultimate Rewards points would be worth $500.
This is a good option if you won’t travel or just prefer straight cash back. Keep in mind, you’ll get a much better bang for your point when you have the Chase Sapphire Preferred Card, Ink Business Preferred Credit Card, or Chase Sapphire Reserve and redeem them for travel by transferring to partners or booking through the Chase Travel Portal.
For this reason, I recommend you do NOT redeem for cash back if you like to travel. Check out this post on 3 Chase Ultimate Rewards redemptions where you can get outstanding value from your points!
4. Redeem Chase Ultimate Rewards Points for Gift Cards, Amazon.com, or Apple
Redeeming Chase Ultimate Rewards points for gift cards (1 cent per point), Amazon.com (0.8 cents per point), or Apple products (currently 1 cent per point) isn’t a great deal, unless there’s a gift card sale.
Amazon is a particularly poor option because you’ll only get 0.8 cents per point. You’d be better off paying for your Amazon purchase with your card then redeeming points for cash back to offset the charge.
Do Chase Ultimate Rewards Points Expire?
Read our post on Chase Ultimate Rewards points expiration
Unlike many airline and hotel programs, your Chase Ultimate Rewards points will not expire if your card is open and in good standing.
However, you will lose your points if you close a card without first transferring your points to another Chase Ultimate Rewards card account or travel partner.
Chase Ultimate Rewards points are a valuable tool for every miles and points collector – from beginners in our hobby to the most experienced frequent flyer.
They’re super easy to earn and even more simple to redeem – whether you prefer hunting down the most valuable award redemptions after transferring to partners, or like the ease of booking directly with no blackout dates through the Chase Ultimate Rewards travel portal.
And if you have no travel plans, you can always trade in your points for cold, hard cash back. You won’t necessarily get the most value that way, but it’s a solid option if you prefer the flexibility of cash.
What’s your favorite way to use Chase Ultimate Rewards points?
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