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These 3 Chase Ultimate Rewards Points Redemptions Show How You Can Get Much More Value vs Cash Back

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These 3 Chase Ultimate Rewards Points Redemptions Show How You Can Get Much More Value vs Cash Back

KeithThese 3 Chase Ultimate Rewards Points Redemptions Show How You Can Get Much More Value vs Cash BackMillion Mile Secrets Team

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Using a cash back credit card is a straightforward way to earn rewards for everyday purchases.  But most cash back cards cap the amount you can earn – typically 1.5% or 2.0% cash back.  So $1,000 in purchases can get you $15 or $20 worth of cash back.

On the flip side, the best travel credit cards can get you a significantly higher rate of return.  Specifically, you can transfer Chase Ultimate Rewards points to airline and hotel partners and get more than 8 cents per point worth of value!  Plus, a travel credit card sign-up bonus is usually worth much more than a cash back card.

Personally, I’ve found you can get the most value per point by booking Hyatt award stays during peak travel dates or during special events.  But there are other Chase transfer partners that can also get you incredible deals, too!  This is why I love earning Chase Ultimate Rewards points with these credit cards:

  • Ink Business Preferred Credit Card – (I have 2 of these cards) – The cell phone insurance perk has saved me $264.  And this card currently has the largest sign-up bonus of any Chase Ultimate Rewards card.
  • Chase Sapphire Reserve – This card is my favorite.  I love earning 3X points on travel & dining purchases.  In 2018, I earned 80,000 points just with this card.

If you’re new to miles & points, consider the Chase Sapphire Preferred Card.  This is the #1 card we recommend to beginners.

Using Chase Ultimate Rewards Points to Book Luxury Award Stays at Hotels Like the Park Hyatt Sydney Can Get You LOTS of Value, Which Is Why I Prefer to Earn These Flexible Rewards Instead of Cash Back

Here are a few redemptions that show how Chase Ultimate Rewards points can get you unbelievable value!

Chase Ultimate Rewards Points Are Better Than Cash Back for Most Folks

1.   3-Night Stay in Augusta, Georgia During The Masters (8+ Cents per Point)

At the very top of my bucket list is to one day attend The Masters golf tournament – it’s got so much history and tradition.  Getting tickets isn’t easy though, unless you’re willing to pay several thousand dollars.

While I wait for tickets, I’ve been researching hotels during the week of the tournament.  I found the Hyatt Place Augusta charges more than $900 per night during the event.  A 3-night stay (Thursday to Sunday) costs more than $3,000 when you add taxes & fees.

$1,000+ per Night for a Hyatt Place!? Whoa!

But because Hyatt has no blackout dates for booking award stays if a standard room is available, it’s possible to book the same exact stay for 12,000 Hyatt points per night or 36,000 points total.

You Could Book a 3-Night Stay at the Hyatt Place Augusta for 36,000 Points During The Masters Golf Tournament!

So you can transfer 36,000 Chase Ultimate Rewards points to your Hyatt account to book a stay that would otherwise cost ~$3,063.  This means you’re getting ~8.5 cents per point (~$3,063 cash cost of stay / 36,000 points).  The same 36,000 Chase Ultimate Rewards points are only worth $360 in cash back, so this redemption shows how using points for travel, especially during special events, can get you ridiculous value!

2.   Round-Trip First Class Flight to Europe (9 Cents per Point)

If you’re flexible with your travel dates and don’t mind booking flights at the last minute, you can usually find First Class award seats available.

For example, I searched Chase airline partner United Airlines for a round-trip award flight to Frankfurt.  I found a round-trip First Class award flight on Star Alliance partner Lufthansa for 220,000 United Airlines miles.

Lufthansa First Class Is One of My Favorite Ways to Fly to Europe! You Can Transfer Chase Ultimate Rewards Points to United Airlines to Book a Lufthansa Award Flight Because They’re a Star Alliance Partner

Paying cash for the same ticket would cost nearly $20,000!  Granted, I know most folks aren’t shelling out that much cash for a flight.  But the premise is you can use points to get a travel experience that would otherwise be out of reach if you’re just earning rewards with a cash back card.

Use Chase Ultimate Rewards Points for a Lufthansa First Class Flight and Get 9 Cents per Point Worth of Value!

This redemption makes your Chase Ultimate Rewards points worth 9 cents per point ($19,919 cost of airfare / 220,000 points).  You’ll pay ~$174 in taxes and fees, but that’s minor compared to how much the flight would normally cost.

3.   Round-Trip Flights to Hawaii (~3 Cents per Point)

Singapore Airlines is one of my favorite Chase Ultimate Rewards airline transfer partners, because you can use Singapore Airlines miles to book award flights on Star Alliance partner airlines, including United Airlines.

One of the sweet spots in the Singapore Airlines award chart is booking round-trip United Airlines coach award flights to Hawaii for 35,000 miles per person.  We have a guide to booking these types of Singapore Airlines award flights.

Depending on your travel dates and departure city, you could pay more than $1,000 for a round-trip flight to Hawaii.  So transferring your Chase Ultimate Rewards points to Singapore Airlines to book an award flight to Hawaii gets you nearly 3 cents per point worth of value ($1,000+ airfare cost / 35,000 points)!

Gold Delta Credit Card From American Express 60000 Point Offer Review
Use Your Chase Ultimate Rewards Points to Fly to Hawaii by Transferring Them to Singapore Airlines!

What’s the most valuable way you’ve used Chase Ultimate Rewards points?  Let me know in the comments below!

Chase Sapphire Preferred® Card

Chase Sapphire Preferred® Card

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred named "Best Credit Card for Flexible Travel Redemption" - Kiplinger's Personal Finance, June 2018
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards

More Info

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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I had added my husband onto my Chase Freedom Unlimited. Would Chase approve for him to get his own Freedom Unlimted?