Chase Ultimate Rewards Points Review (In Depth)

Booking travel through the online portal, as opposed to transferring your points out to one of the many transfer partners (more on those below), allows you to redeem your Chase points with airlines, hotels, etc., outside of their transfer partners and receive a bonus on your points.

Redemptions through travel partners

Let’s talk about redemptions in the Chase points review. I’ve redeemed my UR points through their online portal before, but I transfer them out to a travel partner more often than not. This is where the real crazy value can be found.

If you hold a Sapphire product or the Ink Business Preferred® Credit Card, you can transfer your points out instantly at a 1:1 ratio to the following.

The airline Chase transfer partners are:

• Aer Lingus
• Air Canada
• British Airways
• Flying Blue Air France KLM
• Emirates
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards
• United MileagePlus
• Virgin Atlantic Flying Club

Hotel transfer partners include:

• IHG Rewards Club
• Marriott Bonvoy
• World of Hyatt

Once you transfer your points to one of the transfer partners listed above (you’ll have to create an account with that transfer partner, but that’s free and easy), you can book award flights or hotels on that transfer partner’s site. Pricing will be tied to their specific award chart, and for airline transfer partners, you will also be able to book flights on their partners. Oh, the options!

Here are a couple of examples.

Domestic examples

Domestic airfare can easily be booked by transferring your points out to Southwest Rapid Rewards, United MileagePlus, British Airways Avios, and even Singapore Krisflyer. Southwest has a revenue-based award chart (which means the award price of the flight is tied to the cash price of the flight), but they often have fare sales where you can get screaming deals.

Plus, they fly all over the country, so they are a solid option. For example, you could book a one-way flight from Austin to Nashville on Southwest for under 7,000 points. Don’t forget that Southwest fliers also get two checked bags for free, an awesome and unique perk these days!

British Airways Avios has a distance-based award chart so that short-distance flights can offer a good value. Starting at 13,000 Avios, you can fly one-way, and for only 30,000 Avios, you can fly roundtrip in economy to Hawaii. Aloha. You can also book American Airlines flights with Avios since they are partners, and you can do this on the British Airways website.

IHG, Marriott, and Hyatt are all good options for domestic hotel awards. Personally, I prefer Hyatt because I have status with them, but Marriott has some good deals.

International examples

Let’s look at international options in the Chase points review. I’m always looking to burn my points on international travel, especially premium cabin travel since it is more expensive than domestic travel. I want to get the most value out of my points. An easy way to travel across the globe with UR points is to transfer them to United Airlines.

United flies almost everywhere. Since they are in the Star Alliance, you can fly any airline in the Star Alliance, like Lufthansa, Austrian, and Thai airlines. For example, you can fly roundtrip to Europe in economy for only 60,000 United miles.

Not bad, especially when people generally pay well over $1,500 for a roundtrip flight to Europe. A one-way business class award on United metal to Europe is 60,000 miles. Or you can fly one of their partners, like Lufthansa, for 70,000 miles.

Related: How Much Are 60k Miles Worth? (A Lot!)

Singapore Krisflyer is also a transfer partner of the Chase Travel℠ program, making me happy. Singapore Airlines is well known for its world-class products and service. Some good Singapore routings are:

(1) One-way business class from Houston to Bali (DPS) for only 44,000 Singapore Krisflyer miles

(2) One-way first-class awards in Suites Class from JFK to FRA are only 97,000 Singapore Krisflyer miles

These are both fantastic redemptions! IHG, Marriott, and Hyatt all have fantastic options for international travel. As I mentioned before, most of my hotel stays are with Hyatt since I have status with them, but I highly recommend them even if you don’t have status. A great Hyatt award example is the Andaz in Costa Rica.

Other Redemption Options

• Redeeming for experiences, gift cards, merchandise & cash
• If travel isn’t your thing, then what are you doing reading this blog? Just kidding. A travel redemption for your points might not always make sense, or you might just want cash back. Nothing wrong with that. You can redeem 50,000 Chase points for $500 in statement credits. Not bad.
• You can also redeem your UR points for gift cards to many top retailers, like Lowes, Amazon, iTunes, Starbucks, and many more. Every 500 points = $5 in gift cards. Gift cards make great birthday gifts.

You can even redeem your Chase points towards exclusive dinners, concerts, or sporting events. Basically, there’s something for everyone.

Credit cards with an annual fee can have more redemption options. For example, only the Chase Sapphire and Chase Ink Business Preferred products offer point transfers as the no-annual-fee offerings only let you book award travel through the Chase Travel℠ booking site.

How to Earn Chase points

Chase points are easy to earn because of the many travel rewards credit card options you have, each offering unique spending perks. You can earn Ultimate Rewards by spending on your best Chase credit card or shopping through the Chase Travel℠ portal.

These are the Chase credit cards that earn points on their own:

Chase Sapphire Preferred Card

The Chase Sapphire Preferred card is one of the best (if not the best) personal travel rewards cards out there. It’s the first travel card I recommend to family, friends, and readers for many reasons.

Enjoy Chase Sapphire benefits such as a $50 annual Hotel Credit, 5x points on travel purchased through Chase Travel℠, 3x points on dining, and 2x points on all other travel purchases, plus more.

The annual fee is $95.

This is the best option in this Chase points review if you want a good travel card that won’t break the bank.

Chase Sapphire Reserve Card

Luxury travelers may crave the additional perks that the Chase Sapphire Reserve® offers. Some of the features and benefits include an annual $300 travel credit and complimentary Priority Pass Select airport lounge access.

Your points are also worth 50% more at 1.5 cents each when booking award travel through Chase. In comparison, the Sapphire Preferred only has a 25% redemption bonus, and this can be one of the best reasons to get the Chase Sapphire Reserve.

Your card purchases will earn up to 10x Ultimate Rewards:

• 10x on hotels and car rentals through Chase Travel℠ (after the $300 travel credit)
• 5x on flight bookings through Chase Travel℠ (after the $300 travel credit)
• 3x on all remaining travel purchases (after the $300 travel credit)
• 10x on Chase Dining purchases through Chase Travel℠
• 3x for dining, takeout, and eligible delivery services
• 1x on all remaining purchases

The annual fee is $550 for the primary card and $75 for each authorized user.

Chase Freedom Flex

The information for the Chase Freedom Flex® has been collected independently by Johnny Jet. The card details on this page have not been reviewed or provided by the card issuer.

The Chase Freedom Flex® is a no-annual-fee cash-back card. It earns 5% cash back on up to $1,500 in combined purchases on quarterly rotating bonus categories. But you must activate them (usually through an email or on the app).

These are the Chase Freedom Flex bonus categories:

• 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1% back)
• 5% cash back on travel purchased through Chase Travel℠
• 3% cash back on dining at restaurants, including takeout and eligible delivery services
• 3% cash back on drugstore purchases
• 1% on all other purchases

New Freedom Flex cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening.

Chase Freedom Unlimited

New Chase Freedom Unlimited® cardholders earn unlimited:

• 5% cash back on travel purchased through Chase Travel℠
• 3% cash back on dining at restaurants, including takeout and eligible delivery services
• 3% cash back on drugstore purchases
• 1.5% cash back on all other purchases

There is no annual fee.

New Chase Freedom Unlimited® cardholders can enjoy an additional 1.5% cash back on everything they buy (on up to $20,000 spent in the first year) – worth up to $300 cash back! That means they can enjoy 6.5% cash back on travel purchased through Chase Travel, Chase’s premier rewards program that lets you redeem rewards for cash back, travel, gift cards, and more; 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 3% on all other purchases (on up to $20,000 spent in the first year).

Compare the Chase Freedom Flex and Freedom Unlimited to see which might be best for you.

Ink Business Preferred Credit Card

This Chase points review wouldn’t be complete without mentioning a business option. The Ink Business Preferred® Credit Card has a reasonable $95 annual fee, and you earn highly-regarded points. On the first $150,000 in combined spending, you earn 3 points per $1 on these purchases:

• Travel
• Shipping Purchases
• Internet, Cable, and Phone Services
• Advertising on Social Media and Search Engines

This is one of the best Chase business credit cards. Your points are worth 1 cent each for cash back and gift cards. Saving your points for award travel can be more valuable. They are worth 25% more booking travel on Chase. Plus, you can transfer them on a 1:1 basis to airline and hotel travel loyalty programs like United, Southwest Airlines, and World of Hyatt.

New Ink Business Preferred® Credit Card cardholders can earn 120k bonus points after spending $8,000 on purchases in the first 3 months from account opening. That’s $1,200 cash back or $1,500 toward travel when redeemed through Chase Travel℠.

This is how hard it is to get the Ink Business Preferred.

Category Bonuses on your Chase Card

The sign-up bonuses for any of the Chase credit cards are stellar, BUT you can earn additional points for every purchase made. The base rate for most Chase credit cards is 1% on all purchases (1.5% for Freedom Unlimited).

The highest purchase redemption rate is with the Chase Freedom cards. The Chase Freedom Flex earns 5% on specific categories that change every quarter, up to $1,500 in purchases per quarter. All purchases made within the 5% bonus category after reaching the $1,500 purchase limit to receive the 5x point bonus will earn 1 point per dollar for the remainder of the quarter.

The Chase Freedom Unlimited earns:

• 5% cash back on travel purchased through Chase Travel℠
• 3% cash back on dining at restaurants, including takeout and eligible delivery services
• 3% cash back on drugstore purchases
• 1.5% cash back on all other purchases

There is no limit to how much cashback can be earned and no annual fee to worry about.

The Chase Ink Business Preferred, one of the best credit cards for small businesses, can earn bonus rates ranging from 2 points to 5 points per dollar depending on the type of purchase.

Chase credit card application terms

We need to talk about the application terms in this Chase points review.

The Chase terms for applying for their products state: “This product is not available to either current cardmembers of this credit card, or previous cardmembers of this credit card who received a new cardmember bonus for this credit card within the last 24 months.”

The rules are more restrictive for the Chase Sapphire cards: “This product is available to you if you do not have any Sapphire card and have not received a new cardmember bonus for any Sapphire card in the past 48 months.”

Also, you will most likely not be approved for any Chase credit cards if you have applied for five or more cards in the last 24 months. This is what’s referred to as the 5/24 rule.

Personally, I keep the Chase Sapphire Preferred, Ink, and Chase Freedom Flex cards in my wallet. I use them as my everyday cards and take advantage of their spending categories to help build up my points balance.

Chase Ultimate Rewards Mall or Shopping Portals

Holding one of the Chase rewards cards above gives you access to a Chase Travel℠ mall. UR shopping portals allow you to earn multiple points per $1 for online purchases. Plus, you will earn the standard points that your Chase card earns for the purchase.

This is a great way to “double-dip” your earnings for online shopping.

For example, through the “Shop Chase Ink” Plus portal, you can earn 2x points for Staples purchases. Then you’ll also get 5x points with your card since Staples is in the office supply store category. Double-dipping!

An old saying is to “never pay retail.” Shopping portals are not unique to Chase, as airline and hotel loyalty programs also have their own portals. Shopping at major retailers with the Chase shopping portal will help you earn anywhere from 1 to 25 bonus points per $1 spent, depending on the retailer. There are 250+ retailers to choose from. It pays to take a look at the portal before making any online purchase. Your store might be one of the participating merchants!

Using the Chase Travel℠ mall can also be a great way to earn points while doing your back-to-school shopping or Christmas shopping. For instance, per tradition, Chase Freedom Flex’s 4^th quarter bonus spending category is (usually) holiday shopping. If you own the Chase Freedom Flex, you can earn the 5x point bonus purchase plus the shopping portal bonus too!

What will not earn Chase Ultimate Reward Points?

There are a couple of actions that probably will not earn Ultimate Reward Points. Here’s what you should know in this Chase Ultimate Rewards points review.

Booking Travel With the $300 Sapphire Reserve Travel Credit

While Sapphire Reserve cardmembers are reimbursed the first $300 spent on travel purchases each year, these purchases no longer earn any Ultimate Rewards. Until a few years ago, your reimbursed travel purchases also earned 3x points.

Chase automatically applies the credit to qualifying purchases made through Chase Travel℠ or directly from the travel provider. Then, your remaining travel purchases for the year earn unlimited points.

Complaining About New Sign-Up Bonus

Chase is continually offering different sign-up bonus amounts for their credit cards. If the bonus has changed to a higher payout within 90 days since you opened your account, Chase might retroactively allow you to earn the bonus. But, there is nothing in writing that says they have to do this. If you do call to see if they will be gracious, you should be cordial.

Chase does have some of the best credit card offers available.

Threatening to Drop The Card

Companies have been known to offer “retention bonuses” to customers that threaten to leave. When was the last time your satellite tv contract was renewed? ;-)

You can also go this route with Chase, but it probably isn’t recommended as they usually only offer retention bonuses for Chase Ink business customers. Even then, Chase might only offer to waive the annual fee & might not offer additional rewards points. If you do go this route, make sure you are directed to a retention specialist.

Two things to keep in mind when making this phone call:

1) How much business do you do with Chase? They are more willing to bend backward if you spend a lot with their cards.

2) Are you prepared if Chase calls your bluff? If you are talking to a retention specialist, you might need to be prepared to tear your Chase credit card in two. You might be able to gently decide to keep the card, but it largely depends on the negotiation.

How much is a Chase Ultimate Rewards point worth?

As credit card issuers have modified their reward programs, it is time to focus on the benefits of the Chase Travel℠ program and exactly how much a Chase point is worth.

Base Value in Redeeming Chase UR points

Next, in this Chase Ultimate Rewards points review, let’s talk about getting the most value. The floor value of a Chase point is 1 cent each for travel, cash back, and gift cards. However, your points are only worth 0.8 cents for merchandise rewards such as Amazon.com shopping credits.

When points are redeemed for rewards, this means a $100 gift card would be worth 10,000 points. Having a base rate of 1% isn’t too shabby as many reward programs, travel and cash back, often cap at 1%, and many points are worth less than 1 penny each when redeemed rewards other than travel credits, gift cards, statement credits, etc.

The Sapphire Preferred lets you book award travel at 1.25 cents each and each point is worth 1.5 cents with the Sapphire Reserve for travel.

Transferring Chase points

Chase also has partnered with the following airline & hotel rewards programs to transfer Chase points to the respective rewards program on a 1:1 transfer basis!

Chase travel transfer partners include:

• Aer Lingus AerClub
• Aeroplan Air Canada
• British Airways Executive Club
• Air France/KLM Flying Blue
• Emirates
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards
• United MileagePlus
• Virgin Atlantic Flying Club
• Iberia Plus
• World of Hyatt
• IHG Rewards Club
• Marriott Bonvoy

Once again, other credit card programs offer point transfers, but you might not have as many transfer options, or the transfer ratio is worse than 1:1.

You can only transfer in 1,000 point increments (i.e., 1,000 Chase points = 1,000 IHG Rewards points), but you still get the base value of 1% and have the potential to increase the value of points, worth at least 1 cent each, after transferring to the other travel partners.

Your best redemption rates will probably be with United MileagePlus or World of Hyatt. The reasons are their award travel costs less in comparison to the other rewards programs. So, you might be able to get 2 nights at a Hyatt compared to only 1 night at a Marriott, for example.

Keep in mind that not every Chase credit card that earns Ultimate Reward points allow you to transfer your points to the above travel partners. To receive full access, you will need to choose the Sapphire Preferred or Sapphire Reserve.

Related: When to Transfer Chase Points to Travel Partners?

Redeeming For Chase Travel Rewards

We have established that the base value for a Chase Ultimate Reward point is 1 cent each. They are worth more if you own the Chase Sapphire Preferred or Chase Sapphire Reserve and redeem the points for travel rewards when you use the Chase Travel℠ Portal.

Each Chase point is worth 1.25 cents apiece when redeemed for travel rewards with the Chase Sapphire Preferred and 1.5 cents each with the Sapphire Reserve. To get the increased rate, you will need to access the rewards portal via your Sapphire Preferred or Reserve account.

For example, let’s compare the redemption value of the Chase point for a $200 travel purchase to see how many points are required for the same ticket with three different Chase credit cards.

• Freedom Unlimited: 20,000 UR points (1 cent each)
• Chase Sapphire Preferred: 16,000 UR points (1.25 cents each)
• Chase Sapphire Reserve: 13,333 UR points (1.5 cents each)

If you want to use your Chase points for travel rewards, your best option is going for the Sapphire Preferred or Sapphire Reserve. Just remember that both of these cards fall under Chase’s 5/24 rule that declines new applicants that have applied for 5 credit cards within the previous 24 months.

Maximizing Chase Points for non-travel rewards

Let’s talk about maximizing your points in the Chase points review. While Chase Ultimate Reward points are most popular among travel aficionados, certain Chase credit cards can make points more valuable for non-travel rewards. The Chase Freedom Unlimited comes with the ability to earn at least 1.5% cash back on all other purchases.

Additionally, you cannot transfer the points to other travel rewards programs (without also owning the Sapphire Preferred or Sapphire Reserve). The Chase Freedom Unlimited® is one of the best options if you want to earn cash back.

There are very few cash-back credit cards that pay at least 1.5% cash back (and are no annual fee cards!).

If you own the Chase Freedom Flex, you might be able to do better than 1.5% if you can earn more in one of the rotating categories. You can earn 5% cash back on select quarterly spending categories. Cardholders earn 1% on all other purchases.

Combining Points

Another way to boost the value of each Chase point is to own two or more Chase credit cards that earn Ultimate Reward points. Therefore, you can transfer Chase Freedom points to a Sapphire account. This strategy allows you to accumulate the most points possible per purchase.

The base earning rate for all Chase credit cards is 1 point per $1 spent on purchases and rewards select spending behaviors with bonus points.

• Freedom Flex: 5x points on select categories on the first $1,500 in purchases per quarter, 5x points on travel purchased through Chase Travel℠, 3x points on dining at restaurants, including takeout and eligible delivery services, 3x points on drugstores, & 1x point on all additional purchases.
• Freedom Unlimited: 5x points on travel purchased through Chase Travel℠, 3x points on dining at restaurants, including takeout and eligible delivery services, 3x points on drugstore purchases, 1.5x points earned on all other purchases
• Chase Sapphire Preferred: 5x points on travel purchased through Chase Travel℠, 3x points on dining, and 2x points on all other travel purchases, plus more

The Chase Freedom and Freedom Unlimited cards do not charge an annual fee. They also restrict the redemption options for the points as a result. A simple runaround is to own a combination of the Freedom, Sapphire, or Ink products. This way, you’ll be able to maximize your earning and redemption values.

The most affordable way is to choose either Sapphire or Ink products. Use the fee-free Freedom to earn 5 points on the bonus categories. Or, you can use Freedom Unlimited to earn at least 1.5%.

Regardless of how you earn your points, it’s very easy to see that you can easily maximize the value of each Chase point beyond the base 1-cent value.

This is considered the Chase trifecta.

Summary of Chase Points

In summary, hopefully, this Chase points review has helped you out. Earning the right reward points can be very…rewarding! And Chase points are at the top of the game. Additionally, there are many ways that you can earn them. You can go through their travel credit cards to make it easy.

Plus, there are numerous ways you can redeem your Chase points, including for travel, merchandise, events, or cash. You really can’t go wrong with Ultimate Rewards. Hopefully, this Chase Points review has helped you better understand the variety of options you could have.

Related Articles:

• Beginner’s Guide To Points and Miles
• The Best Rewards Credit Cards
• Best Credit Card Reviews: Miles, Points, Cash Back, and More