Chase Ultimate Rewards is a rewards program offered by one of the largest and oldest financial institutions. They offer a valuable and flexible point system that customers can use to travel, earn cash back, or get a business card.
For a limited time, Chase Sapphire Preferred Card is offering an elevated welcome bonus of 60,000 Chase Ultimate Rewards® points when you spend $4,000 within your first three months.
For more on how to redeem Ultimate Rewards Points, check out our post below.
| PROMOTIONAL LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up to $700 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Chase Ultimate Rewards Quick Facts
| Credit Cards | Chase Sapphire Preferred Card Chase Sapphire Reserve Chase Freedom Flex Chase Freedom Chase Freedom Unlimited Ink Business Cash Credit Card Ink Business Preferred Credit Card Ink Business Unlimited Credit Card |
| Redemption Options | Award travel, statement credits, direct deposits, gift cards, Amazon purchases, Apple purchases, transfers to travel partners |
| Value (Per Point) | $0.02 |
Earning Ultimate Rewards Points
There are four personal cards and three business credit cards issued by Chase that can earn Ultimate Rewards points. These Ultimate Rewards cards are separated into two different tiers. Basic cards earn Ultimate Rewards points that don’t hold as much value and aren’t transferable. Because of this, we’ll focus on the higher-tier Ultimate Rewards cards:
Chase Credit Cards
 The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. |
 The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase TravelSM. You'll earn • 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel immediately after the first $300 is spent on travel purchases annually. • 3x points on other travel and dining • 1 point per $1 spent on all other purchases • Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027. Get 50% more value when you redeem your points for travel through Chase Travel. This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre?®. Member FDIC |
 The Ink Business Preferred® Credit Card offers 90,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $900 cash back or $1,125 toward travel when redeemed through Chase TravelSM. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase TravelSM. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
There are plenty of other ways to earn Chase Ultimate Rewards points. For more details, check out our Complete Guide here.
Redeeming Ultimate Rewards Points
The value of your Ultimate Rewards points can vary depending on various factors including how you redeem them. Two of the best options are:
If you use the Ultimate Rewards Cards that we mentioned above (Sapphire Reserve, Sapphire Preferred and Ink Business Preferred) that can transfer to travel partners, you can potentially earn up to $0.03 per point.
All transfer ratios are 1:1 and must be in 1,000-point increments.
Ultimate Rewards Airline/Hotel 1:1 Point Transfer Partners
Book travel through the Ultimate Rewards travel center to use your points for plane tickets, hotel stays, rental cars, cruises or experiences. When you redeem this way, the value of your points vary according to which Chase card you carry.
| Credit Card | Point Value |
| Sapphire Reserve | $0.015 |
| Sapphire Preferred | $0.0125 |
| Ink Business Preferred | $0.0125 |
There are no blackout dates. However, you won’t earn any hotel points or elite night credits if you book your stay through the Chase portal. Most flights, however, will earn redeemable and elite-qualifying miles.
Favorite Ultimate Rewards Travel Partners
Chase Ultimate Rewards can be one of the most flexible and valuable rewards programs you ever use. With the ability to transfer points to nearly 13 airline and hotel partners, you can really save some money using this program.
Here are some of our favorite Ultimate Rewards travel partners:
If you’re looking for short-haul flights internationally, this is the perfect travel partner for you.
| Flight Details | Airline | Point/Avios |
| Short flights within N. America Roundtrip | Economy |
Alaska Airlines American Airlines |
15,000 |
| U.S. West Coast to Hawaii Roundtrip | Economy |
Alaska Airlines American Airlines |
25,000 |
| U.S. East Coast to Ireland Roundtrip | Economy |
Aer Lingus | 26,000 |
| Boston/Chicago/New York to Madrid Roundtrip | Economy |
Iberia | 34,000 |
| Miami to Madrid Roundtrip | Economy |
Iberia | 42,500 |
| U.S. East Coast to Ireland One Way | Business |
Aer Lingus | 50,000 |
| U.S. West Coast to Japan Roundtrip | Economy |
American Airlines Japan Airlines |
50,000 |
| Transcontinental U.S. One Way | First |
American Airlines | 51,500 |
The above is for illustrative purposes only. The actual cost in avios points are subject to change. Log into your British Airways Avios account for current redemption cost. For more information on BritishAirways, view our complete guide to Avios.
The World of Hyatt program offers an award chart that’s very easy on your points.
As of right now, you’ll be able to stay one night at a Premium Suite in a Category 7 hotel starting at 30,000 points. Brands like the Park Hyatt, Andaz and Hyatt Residence Club are all Category 7 hotels. The number of points required are subject to change so please check redemption cost here. With 60K points, you theoretically can get up to 2 nights.
If you tend to travel on this airlines often and have a Companion Pass, then transferring your Ultimate Rewards points to Southwest Rapid Rewards will prove to be valuable. For a single ticket, you’ll get about $0.015 per point, which is equivalent to Ultimate Rewards travel redemptions. But with the Companion Pass, it’ll double the point value to $0.03 each.
This popular Spanish airlines is part of the Oneworld Alliance and uses Avios, similar to British Airways Avios. Iberia charges according to total distance so you can dodge high surcharges if you plan your flight accordingly.
We recommend the following award itineraries from Iberia:
| Flight Details | Airline | Point/Avios |
| New York to Madrid Roundtrip | Economy |
Iberia | 34,000 |
| New York to Madrid One Way | Business |
Iberia | 34,000 |
| Los Angeles to Madrid Roundtrip | Economy |
Iberia | 42,500 |
| Los Angeles to Madrid One Way | Business |
Iberia | 42,500 |
| Miami to Casablanca One Way | Business |
Royal Air Maroc | 46,000 |
| U.S. East Coast to Ireland One Way | Business |
Aer Lingus | 50,000 |
| U.S. West Coast to Japan Roundtrip | Economy |
American Airlines Japan Airlines |
50,000 |
| Transcontinental U.S. One Way | First |
American Airlines | 51,500 |
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Bottom Line
With all this in mind, it’s easy to see why the Chase Ultimate Rewards program is both versatile and can net you some good value for your points. The points are easy to earn and easy to redeem with multiple methods to do so.
Experienced frequent flyers can benefit greatly from this rewards program as long as they transfer their points to their desired travel partners. For more posts like this check out list of Chase Coupons and credit card bonuses!
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