#1 Among Transferable Points
Point Value
1.65 ¢
Program Score
8.7
Chase Ultimate Rewards offers versatility, flexible redemption options, and a strong lineup of travel partners.
Welcome offers are the easiest way to earn a large lump sum of points at once, and Chase offers many different credit card options to earn signup bonuses and points through spending.
Owning the Chase Sapphire Reserve or the Chase Sapphire Reserve Business cards offers the best opportunity for maximizing the value of Chase Ultimate Rewards points. These cards allow you to transfer Chase Ultimate Rewards points to all airline and hotel partners at 1:1 ratios, maximizing their value.
The Chase Sapphire Preferred and Chase Ink Business Preferred also unlock transfers to all Chase partners. However, World of Hyatt transfers occur at a reduced 4:3 ratio, while all other Chase partners continue to transfer at 1:1. Hyatt is often one of Chase's most valuable transfer partners, so travelers who frequently redeem Ultimate Rewards points for Hyatt stays should strongly consider holding one of the Reserve cards.
If you own one of these four cards, you can also transfer rewards from other Chase cards, converting cash back earned from both personal and business cards into Chase Ultimate Rewards points.
With the addition of lifetime language on the Sapphire and Ink card families, hobbyists can no longer earn welcome bonuses on the same cards repeatedly. As a result, Ultimate Rewards points are more difficult to accumulate long-term than they were in the past, making ongoing earning strategies more important than ever.
Chase Trifecta
One of the most popular earning strategies is the Chase Trifecta, which combines multiple Chase cards to maximize rewards across different spending categories. By pairing a Sapphire Preferred or Sapphire Reserve with the Freedom Flex and/or Freedom Unlimited, you can earn more Ultimate Rewards points from everyday spending and combine those points into a single balance that can be transferred to Chase's airline and hotel partners.
Take advantage of co-branded cards
If there are specific partners you frequently transfer Ultimate Rewards points to, such as Hyatt, Southwest, or United, co-branded cards can also play an important role in your strategy. You can earn rewards directly with those programs and use Ultimate Rewards points to top off your balances when needed, helping stretch your Ultimate Rewards points further.
Chase Sapphire Reserve Business
Special Offers Related to Chase Ultimate Rewards. Click the arrow to see more.
Paze is offering $10 back on purchases of $10 or more, up to $100 back per eligible card. While many banks have cards that qualify, Chase cardholders can stack this promotion with the separate 10x Ultimate Rewards offer currently available when checking out through Paze with eligible Chase cards. One easy option is buying $10 gift cards from Newegg, which accepts Paze. Complete ten $10 purchases and you'll receive $100 back from the Paze promotion while also earning 1,000 Chase Ultimate Rewards points from the 10x offer. The deal becomes even more attractive if you purchase gift cards for merchants where you already receive additional value through card credits or other promotions, like Instacart and DoorDash.
The Chase Sapphire Preferred is offering 100,000 points after spending $5,000 in the first 3 months. That's 25,000 points more than the standard offer of 75,000 points and ties the highest welcome offer we've ever seen on the card. The annual fee remains $95, and the elevated offer comes on the heels of a recent card refresh that increased the annual hotel credit to $100, added new bonus categories, a TSA PreCheck/Global Entry/NEXUS credit, a complimentary year of Apple TV+, and emergency evacuation coverage up to $100,000. Unfortunately, Chase also recently devalued Hyatt transfers on the Sapphire Preferred from 1:1 to 4:3, making the Sapphire Reserve cards the only Chase products that still transfer to Hyatt at a 1:1 ratio.
The Chase Sapphire Reserve for Business is offering 200,000 points after spending $30,000 in 6 months. That’s up 50,000 miles over their standard offer of 150,000 miles after spending $20,000 in 3 months. There is a $795 annual fee. Chase is also offering a lucrative, 40,000 point referral bonus for this card. This offer matches the highest ever offer on this card.
Both the Chase Ink Cash and Ink Unlimited are offering 100,000 points after spending $8,000 in the first 4 months. That's up 25,000 points over their standard offer of 75,000 points after $6,000 in spending and the highest welcome offer we've ever seen on either card. Neither card charges an annual fee, and Chase is also offering elevated 40,000-point referral bonuses. Keep in mind that Chase recently added family lifetime restrictions to these cards, so if you've previously earned a welcome bonus on either one, you're unlikely to qualify again. The good news is that Chase will display a popup warning before a hard pull if you're ineligible for the bonus.
Chase remains one of the most popular rewards systems in the hobby thanks to its strong transfer partners and flexible redemption options, though maximizing value has become more dependent on which Chase cards you hold.
You’ll get the best value by transferring Chase Ultimate Rewards to airline or hotel partners, especially when taking advantage of the sweet spots you can find on this page. There is a learning curve when transferring and redeeming with partners, but the payoff is worth it.
Only four Chase cards transfer to its partners, and only two transfer to all partners at 1:1 ratios. The two cards that offer full transfer capabilties to partners are the Chase Sapphire Reserve and Chase Sapphire Reserve Business cards, both of which come with hefty $795 annual fees.
The Chase Sapphire Preferred and Chase Ink Business Preferred transfer to all but one partner at 1:1 ratios. The exception is World of Hyatt, which transfers at a reduced 4:3 ratio. Hyatt has historically been one of Chase's most valuable transfer partners, making the two Sapphire Reserve cards especially attractive for travelers who frequently redeem points for Hyatt stays. Even without a Reserve card, Chase's airline partners still offer many opportunities for high-value redemptions.
If you want a simpler redemption path, you can still get solid value by booking through Chase Travel, especially with a Sapphire card. You can use Chase Travel to book flights, hotels, rental cars, cruises, and more. Point values vary based on the card you hold:
Points Boost applies only to select airfare and hotel bookings when you hold a Sapphire card. When it is not available, all redemptions default to 1¢ per point.
Legacy Points Boost rules: If you held a Sapphire Reserve or Preferred before June 23, 2025, any points you earned before October 26, 2025 are eligible for:
These elevated values remain valid through October 26, 2027.
If you have a Chase Sapphire Reserve (personal or business), you can redeem points through The Edit, Chase’s luxury hotel collection. While all Edit bookings initially redeemed at 2¢ per point through Points Boost, Chase later reduced many properties to 1.65¢ per point. Redemption values now generally range from 1.65¢-2¢ per point depending on the property.
Additional perks when booking The Edit with a Sapphire Reserve card:
You'll also receive the following benefits on nearly every The Edit stay booked through Chase Travel, whether paying cash or redeeming points:
Chase also rolled out a new Price Match Guarantee feature in 2026 for hotel bookings made through the Chase Travel portal. The feature is still in beta and not available to all cardholders, but eligible users can submit a claim within 24 hours of booking if they find a lower publicly available rate elsewhere on an identical stay. Importantly, this feature also works on The Edit bookings, even with the added perks and statement credits included with these stays.
To qualify for a price match, the competing booking must have the same:
Pay Yourself Back allows cardholders to redeem points at an elevated rate on select, rotating categories.
Some redemptions usually deliver less value for your Chase Ultimate Rewards points and are generally worth avoiding:
Discover your points' highest-value redemption options. Use the filters to find the optimal sweet spot for your next trip.
Hyatt is almost always the top choice for partner bookings across all points programs. Its only drawback is a smaller global footprint compared to other major hotel chains
Chase Ultimate Rewards remains one of the best starting points for travelers entering the hobby. The ecosystem offers strong transfer partners, a broad card lineup, and a variety of redemption options.
Experts still get plenty of value from Chase Ultimate Rewards, with opportunities for outsized redemptions through many of its partners. Holding a Sapphire Reserve card, despite its hefty annual fee, offers the most flexibility when redeeming Ultimate Rewards points. Travelers who frequently redeem through Hyatt, United, or Southwest will likely find Chase particularly valuable.
Recent eligibility changes have made Ultimate Rewards more difficult to earn than in the past, so ongoing spending strategies become increasingly important once you've exhausted welcome offers, many of which now come with lifetime restrictions. Despite the recent changes, Chase Ultimate Rewards remains one of the most versatile points currencies available.
You can generally downgrade or cancel a Chase card within 30 days of your annual fee posting and receive a full refund. Chase does not typically offer a prorated refund if you act after that 30-day window. Chase Ultimate Rewards points are tied to individual cards, though you can combine points between your own cards and with household members at the same address. If you want to retain the ability to transfer Ultimate Rewards points to airline and hotel partners, you must hold one of the following cards. The Sapphire Reserve and Sapphire Reserve Business are the only cards that transfer to all Chase partners at 1:1 ratios. The Sapphire Preferred and Ink Business Preferred transfer to Hyatt at a reduced 4:3 ratio and all other Chase partners at 1:1.
Cash back redemptions return only 1¢ per point. Booking travel through the Chase Travel Portal can be worth up to 2¢ per point with the Chase Sapphire Reserve for points boost redemptions. Transferring points to airline or hotel partners can deliver even higher value in certain situations.
The most efficient way to redeem Chase points is to transfer them to travel partners. That is how you unlock outsized value, often well more than 2¢ per point. Booking through the Chase Travel Portal is easier, but learning partner awards maximizes long term value and flexibility.
The two Chase Sapphire Reserve cards, personal and business, offer the biggest signup bonuses and most perks, but they also carry higher annual fees. The Chase Sapphire Preferred is an excellent alternative for travelers who want strong value and transferable points with a lower fee, though it transfers to Hyatt at 4:3 instead of 1:1 like the two Reserve cards.
You cannot book Airbnb through Chase Travel, as Airbnb is not a direct transfer partner. Chase does offer vacation rentals in its portal for select cardholders. Log in to Chase Travel, and if your card is eligible you will see options to search hotels or vacation homes.
American Express provides access to more lounges than Chase through the Global Lounge Collection, which includes Centurion Lounges, Delta Sky Clubs, and other partner lounges. Chase has a growing number of Sapphire Lounges, but the amount doesn't compete with Amex. The premium cards from both reward systems offer access to the most lounges.
Tracking Points & Transfer Options
