BACK

lechatnoir/ E+/ Getty Images

Rewards

American Express Membership Rewards vs. Chase Ultimate Rewards

Each of these rewards programs features a variety of transfer partners, and there are many cards with which you can earn points. Here’s how they compare

Summary

American Express Membership Rewards and Chase Ultimate Rewards offer a variety of transfer partners, and there are many cards from Amex and Chase that allow you to earn points. Here’s how they compare.

The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Please review our list of best credit cards, or use our CardMatch™ tool to find cards matched to your needs.

American Express and Chase are two of the largest credit card issuers in the U.S., and they each have their own proprietary and transferable currency.

American Express has Membership Rewards and Chase, not to be outdone, has Chase Ultimate Rewards. Transferable currencies can be a valuable type of mile or point to earn because they help protect you from devaluation.

If you have all of your miles or points in a single proprietary currency (think American Airlines AAdvantage miles or Hilton Honors points), then if that award chart changes, you could lose a big chunk of the value of your miles and points.

With a transferable currency, if one transfer partner’s awards devalue, you still have the option to transfer instead to a more advantageous partner.

In this article, we will take a look at both American Express Membership Rewards and Chase Ultimate Rewards, then compare and contrast the two and decide which one is better.

American Express Membership Rewards cards

American Express’s proprietary currency is called Membership Rewards, and can be earned as rewards on the following credit cards:

American Express has 19 hotel and airline transfer partners, and you can often get outstanding value by transferring your Membership Rewards to these partners. Besides transferring Membership Rewards to hotel and airline travel partners, you can also use your Membership Rewards points to book travel directly through American Express.

In most cases, you can get 1 cent per point on airfare and 0.7 cents per point on cars, hotels, vacations and cruises. The real benefit of using your points to book travel directly is if you have the American Express Platinum Business Card, where you get a 35% rebate on all points used to book directly at amextravel.com. This benefit is applicable on all flights with one specific airline and on business or first-class flights on all airlines.

See related: Best ways to spend Membership Rewards points

Chase Ultimate Rewards cards

The proprietary currency of Chase-branded cards is called Chase Ultimate Rewards, and can be earned as rewards on the following credit cards:

There are also two primary ways you can use your Chase Ultimate Rewards points – transferring to travel partners or booking directly through the Chase Ultimate Rewards portal. There are a few other ways to redeem your Ultimate Rewards such as for statement credits, gift cards or merchandise, but those are mostly low-value redemptions.

Chase has 13 airline and hotel transfer partners, and most transfer at a 1:1 rate. In order to transfer Ultimate Rewards to transfer partners, you will need a premium Chase card (i.e. one with an annual fee).

You can also use your Ultimate Rewards points to book flights, hotels, rental cars and even experiences. The rate you get for your points depends on which Chase credit card you have.

With a no-annual-fee card such as the Freedom or Freedom Unlimited, you will get 1 cent per point. With a premium card such as the Ink Preferred or Sapphire Preferred you will get 1.25 cents per point, and if you have the Sapphire Reserve you will get 1.5 cents per Ultimate Rewards point.

See related: Best ways to spend Chase Ultimate Rewards

Comparing American Express Membership Rewards vs Chase Ultimate Rewards

Taking a look at American Express Membership Rewards versus Chase Ultimate Rewards, let’s review some of the advantages of both programs.

Amex Membership RewardsChase Ultimate Rewards
Get a 35% rebate on travel with the Business Platinum cardEasier to get more and different cards (and with lower fees)
More transfer partnersCan get more than 1 cent per point when booking direct travel (with a premium card)
Blue Business Plus card gives 2 Membership Rewards points per dollar spent up to $50,000 per yearBetter spending categories – 5x at office supply stores with Ink Cash, 3x on travel and dining with Sapphire Reserve, 5% cash back on rotating quarterly categories with the Freedom after you activate the categories (all other purchases earn 1%)

So which one is better? As with most things in life, it depends. Take a look at the cards, benefits and transfer partners of the two types of rewards and see which one works best for you. Hopefully, this article has helped things be more clear.

Editorial Disclaimer

The editorial content on this page is based solely on the objective assessment of our writers and is not driven by advertising dollars. It has not been provided or commissioned by the credit card issuers. However, we may receive compensation when you click on links to products from our partners.

What’s up next?

In Rewards

Save on the road with the Costco car rental program

The Costco car rental program is competitive when compared to other travel rewards programs and offers flexibility in booking and fees.

See more stories
Credit Card Rate Report Updated: July 2nd, 2020
Business
13.91%
Airline
15.48%
Cash Back
16.09%
Reward
15.82%
Student
16.12%

Questions or comments?

Contact us

Editorial corrections policies

Learn more

Join the Discussion

We encourage an active and insightful conversation among our users. Please help us keep our community civil and respectful. For your safety, do not disclose confidential or personal information such as bank account numbers or social security numbers. Anything you post may be disclosed, published, transmitted or reused.

The editorial content on CreditCards.com is not sponsored by any bank or credit card issuer. The journalists in the editorial department are separate from the company’s business operations. The comments posted below are not provided, reviewed or approved by any company mentioned in our editorial content. Additionally, any companies mentioned in the content do not assume responsibility to ensure that all posts and/or questions are answered.