Chase Ultimate Rewards factors are among the many most helpful and priceless currencies you’ll be able to accumulate. In the event you might translate Chase factors to {dollars}, they’d be price 2.05 cents every primarily based on TPG’s April 2025 valuations — however you may get way more (or much less) worth out of your Chase factors relying on the way you redeem them.
You’ll be able to select from a variety of redemption choices, together with among the greatest airline and hotel transfer partners, the easy-to-use Chase Travel℠ portal, money again and fee for on a regular basis bills.
In the event you’re seeking to maximize the value of your Chase points, maintain studying to find how a lot every redemption possibility is price.
What are Chase Final Rewards factors?
Final Rewards factors are the forex of most Chase-branded credit cards. You’ll be able to earn Chase Final Rewards factors for on a regular basis spending and redeem them for varied rewards.
Listed below are among the greatest choices for incomes Chase factors:
Be aware that these three playing cards are the one ones that permit transfers to airline and lodge companion applications. Nevertheless, if you happen to pair one in all them with a cash-back Chase card — just like the Chase Freedom Unlimited® (see rates and fees) or the Ink Business Cash® Credit Card (see rates and fees) — you’ll be able to mix your factors in a single account, thus changing your cash-back rewards into totally transferable Final Rewards factors.
In the event you’re new to the world of rewards credit cards, it is sometimes greatest to begin with Chase merchandise, because of the issuer’s well-documented 5/24 rule. In brief, you typically cannot get permitted for any Chase playing cards — together with those who earn Final Rewards factors — if you happen to’ve utilized for 5 or extra new bank cards throughout all banks previously 24 months.
Keep in mind this restriction as you construct a method to maximise your bank card rewards.
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How a lot are Chase Final Rewards factors price?
TPG values Chase Final Rewards factors at 2.05 cents every, which it’s best to ideally intention for when redeeming them. Nevertheless, the precise worth will rely in your alternative of redemption.
When redeeming Final Rewards factors, you will have three fundamental choices:
| Redemption possibility | Examples | Level worth |
|---|---|---|
| Switch factors to journey companions | 14 airline and lodge loyalty applications | Probably 2.05 cents every |
| Mounted-value redemptions by Chase Journey | Flights, inns, cruises, excursions and rental vehicles | Between 1 and 1.5 cents every, relying on which Chase card you will have |
| Mounted-value, nontravel redemptions | Money again, present playing cards and Apple merchandise | Between 0.8 and 1.5 cents every, relying on the redemption possibility |
Let’s take a better take a look at every of those choices.
Chase Final Rewards factors worth with journey companions
Transferring Final Rewards factors to journey companions is commonly probably the most priceless strategy to redeem them.
You’ll be able to switch Final Rewards factors to 11 airline applications:
Chase additionally companions with three lodge loyalty applications:
All switch ratios are 1:1 (although there are occasional transfer bonuses), and you need to switch factors in 1,000-point increments. As famous beforehand, you’ll be able to solely switch factors from Sapphire Most well-liked, Sapphire Reserve and Ink Enterprise Most well-liked accounts, although you’ll be able to transfer your cash-back rewards into these accounts utilizing the “Mix factors” performance within the portal.
The most effective lodge switch companion
A specific standout switch companion is World of Hyatt. Hyatt factors are among the many most useful lodge factors, given this system’s low award redemption rates and glorious vary of finances and luxurious properties.
You’ll be able to simply receive not less than 2 cents of worth per Chase level by transferring your factors to World of Hyatt and redeeming them in a dear hotel market like London.
For instance, if you happen to had been to redeem 30,000 factors for a one-night keep on the Park Hyatt London River Thames (which prices $690 an evening), you’d get a worth of two.3 cents per level — a stellar worth in comparison with our present estimate of two.05 cents apiece for Chase factors.
The most effective airline switch companions
In the event you choose flights over inns, we’ve got discovered quite a few candy spots for each short- and long-haul flights in economic system and premium cabins, whether or not you fancy flying inside North America or so far as Europe or Asia.
Our favourite Ultimate Rewards sweet spots embrace:
- Iberia flights to Madrid: Spherical-trip flights from New York’s John F. Kennedy Worldwide Airport (JFK), Chicago’s O’Hare Worldwide Airport (ORD) and Boston Logan Worldwide Airport (BOS) to Adolfo Suárez Madrid-Barajas Airport (MAD) on off-peak dates will solely set you again 34,000 Avios in economic system, 51,000 Avios in premium economic system and 68,000 Avios in enterprise class once you switch your Chase factors to Membership Iberia Plus.
- Flights to Hawaii with Alaska Airways and American Airways: By transferring your Final Rewards factors to British Airways, you’ll be able to guide awards with Oneworld companions American Airways and Alaska Airways. So long as your nonstop flight distance is beneath 3,000 miles every means (and there is partner award availability), you’ll be able to leverage British Airways’ distance-based award chart to fly from any West Coast gateway to Hawaii for as little as 26,000 Avios round-trip.
- All Nippon Airways flights booked by Virgin Atlantic: For simply 145,000 Chase factors, you’ll be able to fly ANA round-trip in firstclass between the West Coast and Tokyo (once more, so long as there’s award availability). Flights from the East Coast solely price an additional 25,000 factors (170,000 factors round-trip). Enterprise-class redemptions are a fair higher deal, costing simply 105,000 to 120,000 factors round-trip, relying in your U.S. departure airport.
- Brief-haul flights to Canada: Flights from JFK to Toronto Pearson Airport (YYZ) on United Airways begin at 6,000 miles one-way, with availability exhibiting on a number of dates. To guide these United flights, switch your Final Rewards factors to Air Canada Aeroplan.
Worth of Chase factors when redeeming by the Chase portal
You can even guide journey by Chase Journey and redeem factors for airplane tickets, lodge stays, rental vehicles, cruises or experiences at a set money worth per level. This worth will depend on which card you maintain:
That is one other case the place it is smart to mix your factors within the card account that gives probably the most worth. For instance, all of the factors you earn with the Freedom Flex could be moved to your Sapphire Reserve account, thus rising their worth from 1 cent to 1.5 cents every when redeemed through Chase Journey.
This technique can prevent lots of factors. For instance, a $300 lodge or flight would price 30,000 Chase factors redeemed at 1 cent every. However if you happen to can redeem them for 1.5 cents every as a substitute, you may solely want 20,000 factors for this reserving.
Chase Final Rewards factors worth for nontravel redemptions
There are a number of nontravel methods to spend your Chase Final Rewards factors. You need to use them like cash through Amazon and PayPal or redeem them for Apple merchandise and present playing cards. Sadly, you may get a poor worth of 1 cent or much less per Chase level this manner.
You’ll be able to squeeze extra worth out of your Chase factors with Chase Pay Yourself Back, which helps you to redeem factors for money again at a fee of 1.25 to 1.5 cents every, relying in your card. This redemption fee is legitimate on assertion credit towards rotating buy classes, similar to choose charities.
How do I earn Chase Final Rewards factors?
You’ll be able to earn Chase factors by bank card spending at charges of 1 to 10 factors per greenback, relying on the Chase bank card you carry and the acquisition class.
As talked about above, there are three playing cards that earn totally transferable Final Rewards factors: the Chase Sapphire Most well-liked, Chase Sapphire Reserve and Ink Enterprise Most well-liked. Now is a superb time so as to add the Sapphire Preferred to your pockets since you’ll be able to earn a welcome bonus of 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months from account opening. This is likely one of the most lucrative offers we’ve ever seen on this card.
Chase’s cash-back credit cards might circuitously earn you factors, however if you happen to maintain one other card that does, you’ll be able to transfer your cash-back rewards to this card to show them into Final Rewards factors. We frequently advocate pairing an Ultimate Rewards-earning card with not less than one in all Chase’s cash-back playing cards so you’ll be able to earn bonus factors in several classes and maximize your rewards.
You’ll be able to earn further factors with Shop Through Chase, Chase’s on-line procuring portal.
Backside line
How a lot Chase Final Rewards factors are price will depend on your journey model and objectives. Nevertheless, assigning a greenback worth per Chase level may help you establish the neatest strategy to redeem them.
We typically do not advocate utilizing your Chase factors for money again, present playing cards or merchandise since you’ll get the poorest worth this manner — 1 cent per level or much less. You’ll be able to maximize the worth of your factors, as much as and above 2.05 cents every, by transferring them to Chase’s wide selection of airline and lodge companions and reserving award candy spots. In the event you choose an easier strategy to redeem, the Chase Journey portal presents a ton of choices, and you may get a stable worth of as much as 1.5 cents relying on the Chase card you maintain.
