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Chase Ultimate Rewards guide: The best ways to earn and use Ultimate Rewards points

Summary

Our Ultimate Rewards guide gives you the full rundown on earning and redeeming Ultimate Rewards points and helps you figure out which Ultimate Rewards card is best for you.

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.

#If you are serious about getting into the game of using credit card points for free travel, then applying for a Chase Ultimate Rewards card or two should be one of the first items on your to-do list.

What is Chase Ultimate Rewards?

The Chase Ultimate Rewards loyalty program is one of the most valuable and flexible credit card rewards programs in existence. Not only do you have a wide variety of options for redeeming rewards points, including cash back, gift cards and travel, but you can easily transfer points to certain Chase cards and, from there, on to one of Chase’s airline or hotel partners at a high 1:1 rate.

Basically, the Chase Ultimate Rewards program can take you practically anywhere you want to travel, at a great value.

Chase Ultimate Rewards program overview

Type of currencyFlexible points
Average point value1.26 cents
Credit cardsChase Freedom, Chase Freedom Unlimited, Chase Sapphire Preferred, Chase Sapphire Reserve, Ink Business Preferred Credit Card, Ink Business Cash Credit Card, Ink Business Unlimited Credit Card
Redemption optionsStatement credits, direct deposit, gift cards, travel, Amazon.com and Chase Pay purchases, Apple products
Minimum required to redeemRedeem any number of points at any time
Do rewards expire?No
Blackout dates/travel restrictionsNone. If a flight or a hotel room is available, you can book it with your rewards.
Point transfer optionsOther household members, certain Ultimate Rewards cards, 13 airline and hotel partners
Is there a fee to transfer points?No
Best for
  • A variety of redemption options
  • High value on cash back
  • Flexible points that give you the widest variety of travel options
  • The ability to maximize the value of your rewards points

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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 Programs

How long does a balance transfer take?

Unfortunately, there’s no way to know in advance exactly how long a balance transfer will take, but your issuer can give you an idea of what to expect. While you wait, be sure to continue making payments on your existing accounts.

Published: December 19, 2019

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Credit Card Rate Report Updated: January 22nd, 2020
Business
15.01%
Airline
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Cash Back
17.32%
Reward
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Student
18.55%

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