Chase Ultimate Rewards
The Ultimate Rewards is your key to unlocking incredible value. Whether you're earning points on daily expenses or planning your next adventure, Chase gives you the power to turn rewards into cash back, travel, or exclusive experiences. Maximize every dollar and make your points work harder!
When it comes to points that pack a punch, Chase Ultimate Rewards (UR) are at the top of the leaderboard. Whether you're a seasoned points warrior or just beginning your rewards journey, Chase's Ultimate Rewards program is an absolute treasure trove of value, flexibility, and perks.
Here’s what makes Chase Ultimate Rewards stand out in October 2024, why each UR point is worth $0.0205, and how you can squeeze out every last drop of value.
The Basics: What Are Chase Ultimate Rewards?
Chase Ultimate Rewards points are the currency you earn on select Chase credit cards like the Chase Sapphire Preferred, Chase Sapphire Reserve, and the Ink Business Preferred. These points can be earned through everyday spending, travel bookings, and even sign-up bonuses, and then redeemed for a wide range of experiences, purchases, or even as cash back.
Let’s start with the earn rates. Depending on the card, you’ll typically earn anywhere from 1X to 5X points per dollar on specific spending categories like travel, dining, or business expenses. For example, with the Chase Sapphire Reserve, you’ll earn 3X points on travel and dining, while the Ink Business Preferred racks up a whopping 3X points on shipping, advertising, and travel.
But earning is just the beginning. The real magic happens when you learn how to redeem and leverage these points for outsized value.
Chase Ultimate Rewards Point Valuation
As of October 2024, Chase Ultimate Rewards points are valued at $0.0205 cents per point when transferred to airline and hotel partners or used strategically via the Chase Travel Portal if you hold the Chase Sapphire Reserve.
This UpNonStop updated valuation is exciting because it makes Ultimate Rewards points one of the most lucrative in the industry. $0.0205 cents per point might not sound like a lot, but in the points world, it’s huge. For example, if you have 100,000 Ultimate Rewards points, that’s $2,050 in travel if redeemed wisely.
Let’s break down how to get the most out of these points. 👇🏻
