How to get the most from your Chase Ultimate Rewards points

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Chase Ultimate Rewards® points are known to have an impressive impact and offer the highest value in the credit card rewards industry.

Popular Chase cards, such as the Chase Sapphire Preferred® Card, earn coveted Chase Ultimate Rewards points. You can use these points to book trips, including car rentals, hotels, flights, visits and activities – thanks to an easy-to-use interface portal, and redeem rewards to cover everyday items like grocery shopping, home improvement and dining.

Beyond convenience, Chase Points can be worth 25% or 50% more when redeemed through the Chase Ultimate Rewards Travel Portal or with the new Pay Yourself Back tool.

Since June 4, new Favorite Chase Sapphire cardholders can earn 100,000 bonus points after spending $ 4,000 on purchases in the first three months after opening the account. This equates to $ 1,250 when you redeem points for qualifying purchases with Pay Yourself Back or for travel.

And if travel loyalty programs are your thing, Chase Points can get you more bang for your buck with higher than average redemption rates when transferred to any of Chase’s 13 airline and hotel partners. . For example, 75,000 points could allow you to purchase three nights at the luxurious Park Hyatt Maldives.

In advance, Select details our preferred ways to redeem Chase Ultimate Rewards points.

How to redeem your Chase points for maximum value

Transfer to airline or hotel partners

The Chase Travel Portal is a great place to book travel quickly, but transferring points to any of Chase’s 13 Travel Partners will further increase your rewards.

Ultimate Rewards points can be transferred to travel partners at a 1: 1 ratio with a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred® Credit Card. You can transfer points to the following partners:

  • United MileagePlus
  • Quick Southwest Rewards
  • Air France-KLM Flying Blue
  • British Airways
  • Iberia
  • Aer Lingus
  • Emirates
  • JetBlue
  • Virgin Atlantic Flying Club
  • The world of Hyatt
  • Marriott Bonvoy
  • IHG Rewards

The 100,000 bonus points of the Sapphire Preferred bonus would therefore be worth 100,000 points or miles with one of Chase’s travel partners.

The best ways to transfer Chase Points

You can get inordinate value from your Chase Points when transferring to airline or hotel partners.

The world of Hyatt

The World of Hyatt hotel program is often one of the best values ​​for transferring Chase points. Standard nights range from 5,000 to 40,000 points only.

You can book luxury hotels like Park Hyatt Maldives or Park Hyatt Sydney for just 25,000 points per night. These hotels can often cost over $ 1,000 a night.

Matteo Colombo | instant | Getty Images

Virgin Atlantic Flying Club

Chase cardholders can redeem Virgin Atlantic miles for domestic flights on Delta for only 7,500-15,000 miles per segment, which can be a steal compared to what Delta charges customers when using Delta. Skymiles for the same flight. And Delta One Business Class flights from the United States to Europe (excluding the United Kingdom) represent 50,000 Virgin Atlantic miles for non-stop routes.

Southwest Airlines Quick Rewards

Southwest transfers work best in a few selected scenarios. Mainly, for fares under $ 100, Rapid Reward Points are worth around 1.7 cents each, which is more than the 1.25 cents or 1.5 cents value you can get by booking travel through the Chase portal. And if you have a Southwest Airlines Companion Pass, you can book two flights for the price of one (excluding taxes and fees), in which case your points can be worth up to 3.4 cents for fares under $ 100.

Redeem for travel through the Ultimate Rewards portal

When you book travel through the Chase Ultimate Rewards Travel Portal, your points are worth 1.25 cents each with Sapphire Preferred and Ink Business Preferred or 1.5 cents each with Sapphire Reserve.

This means you can book a $ 1,250 flight (on any airline) through the Chase travel site (which looks and works a lot like Expedia.com) for 100,000 points with the Sapphire Preferred card or just around. 83,500 points with the Sapphire Reserve card.

This option is great because you can book with virtually any airline or hotel on the portal and there are no blackout dates. You’re not limited to the 13 Chase Travel Partners and their respective rewards, which can sometimes be hard to find.

Use Chase Pay Back

Chase introduced “Pay Yourself Back” last spring as a way to get good value for your points outside of travel.

Pay Yourself Back allows cardholders to redeem points for statement credits on qualifying restaurant, grocery and home improvement purchases while enjoying a 25-50% increase in value with select cards . Essentially, you can “wipe” these purchases from your statement at a high rate. Thus, 100,000 points of the Favorite Chase Sapphire would cover $ 1,250 in grocery or restaurant purchases, while 100,000 points with the Sapphire reserve would wipe out $ 1,500 from the same purchases.

Recently, Chase announced that these high rates will last until September 30, 2021 (they were originally scheduled to expire on April 30, 2021).

Here are all eligible cards:

* Ink Business members may also offset certain online advertising and shipping costs.

Learn more how to use Chase’s Pay Yourself Back tool.

Which Chase credit cards earn Ultimate Rewards points?

It is the Chase credit cards that earn Ultimate Rewards points.

* You must have one of these cards to transfer Chase Points to Travel Partners.

Chase Sapphire Preferred® Card

  • Awards

    5X points on Lyft trips through March 2022, 2X points on travel and meals worldwide, 1X points on all other purchases

  • Welcome bonus

    Earn 100,000 bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account

  • Annual subscription

  • Intro APR

  • Regular APR

    15.99% to 22.99% variable on purchases and balance transfers

  • Balance transfer fees

    Either $ 5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fees

  • Credit needed

Benefits

  • Points are worth 25% more when redeemed for travel through Chase Ultimate Rewards®
  • Transfer points to major frequent travel programs at a 1: 1 rate including: IHG® Rewards Club, Marriott Bonvoy ™ and World of Hyatt®
  • DashPass subscription free for at least one year when you activate before December 31, 2021
  • Travel coverage includes: Rental Car Collision Insurance, Baggage Delay Insurance, and Travel Delay Reimbursement
  • No fees charged on purchases made outside of the United States

The inconvenients

  • $ 95 annual fee
  • No specific hotel benefit or credit
  • No introduction 0% APR
  • Estimated rewards earned after 1 year: $ 1,506
  • Estimated rewards obtained after 5 years: $ 2,528

Reward totals include points earned from the welcome bonus

Our methodology

To determine which credit cards offer the best value for different categories, Select analyzed the Chase credit cards available in the United States. , as well as factors such as credit requirements and customer reviews when available. We also took into account the additional benefits, the application process and the ease with which the consumer can redeem points.

Select has partnered with a location intelligence company Esri. The company’s data development team has provided the most recent and comprehensive data on consumer spending based on the 2019 Bureau of Labor Statistics Consumer Spending Surveys. You can learn more about their methodology here.

Esri’s data team created a sample annual budget of roughly $ 22,126 in retail spending. The budget includes six main categories: groceries ($ 5,174), gasoline ($ 2,218), restaurants ($ 3,675), travel ($ 2,244), utilities ($ 4,862) and general purchases ($ 3,953) . General purchases include items such as housekeeping supplies, clothing, personal care products, prescription drugs and vitamins, as well as other vehicle expenses.

Select used this budget to estimate how much the average consumer would save over the course of one, two, and five years, assuming they were trying to maximize their rewards potential by earning all of the welcome bonuses offered and using the card. for all applicable purchases. All total reward estimates are net of annual fees.

While the five-year estimates we’ve included are derived from a budget similar to the average American’s spending, you can earn higher or lower returns depending on your buying habits.

Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.

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