Chase Ultimate Rewards factors are among the many most helpful and precious currencies you possibly can gather. Should 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 possibly can 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.
Should you’re trying to maximize the value of your Chase points, maintain studying to find how a lot every redemption choice is price.
What are Chase Final Rewards factors?
Final Rewards factors are the foreign money of most Chase-branded credit cards. You possibly can earn Chase Final Rewards factors for on a regular basis spending and redeem them for varied rewards.
Listed here 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. Nonetheless, should you pair one in every of 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 possibly can mix your factors in a single account, thus changing your cash-back rewards into absolutely transferable Final Rewards factors.
Should 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 usually cannot get authorized for any Chase playing cards — together with people who earn Final Rewards factors — should you’ve utilized for 5 or extra new bank cards throughout all banks prior to now 24 months.
Keep in mind this restriction as you construct a technique 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 is best to ideally goal for when redeeming them. Nonetheless, the precise worth will rely in your selection of redemption.
When redeeming Final Rewards factors, you might have three primary choices:
| Redemption choice | Examples | Level worth |
|---|---|---|
| Switch factors to journey companions | 14 airline and lodge loyalty applications | Presumably 2.05 cents every |
| Mounted-value redemptions by means of Chase Journey | Flights, motels, cruises, excursions and rental vehicles | Between 1 and 1.5 cents every, relying on which Chase card you might 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 choice |
Let’s take a better have 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 precious strategy to redeem them.
You possibly can 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 it’s essential to switch factors in 1,000-point increments. As famous beforehand, you possibly can solely switch factors from Sapphire Most well-liked, Sapphire Reserve and Ink Enterprise Most well-liked accounts, although you possibly can transfer your cash-back rewards into these accounts utilizing the “Mix factors” performance within the portal.
The very best lodge switch companion
A specific standout switch companion is World of Hyatt. Hyatt factors are among the many most beneficial lodge factors, given this system’s low award redemption rates and wonderful vary of price range and luxurious properties.
You possibly can simply get hold of 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, should you 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 price of two.3 cents per level — a stellar worth in comparison with our present estimate of two.05 cents apiece for Chase factors.
The very best airline switch companions
Should you desire flights over motels, 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 if 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 possibly can ebook awards with Oneworld companions American Airways and Alaska Airways. So long as your nonstop flight distance is underneath 3,000 miles every manner (and there is partner award availability), you possibly can 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 means of Virgin Atlantic: For simply 145,000 Chase factors, you possibly can fly ANA round-trip in top notch 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 good higher deal, costing simply 105,000 to 120,000 factors round-trip, relying in your U.S. departure airport.
- Quick-haul flights to Canada: Flights from JFK to Toronto Pearson Airport (YYZ) on United Airways begin at 6,000 miles one-way, with availability displaying on a number of dates. To ebook these United flights, switch your Final Rewards factors to Air Canada Aeroplan.
Worth of Chase factors when redeeming by means of the Chase portal
You may also ebook journey by means of Chase Journey and redeem factors for airplane tickets, lodge stays, rental vehicles, cruises or experiences at a set money worth per level. This worth is dependent upon which card you maintain:
That is one other case the place it is sensible 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 might be moved to your Sapphire Reserve account, thus growing their worth from 1 cent to 1.5 cents every when redeemed through Chase Journey.
This technique can prevent quite a lot of factors. For instance, a $300 lodge or flight would price 30,000 Chase factors redeemed at 1 cent every. However should you can redeem them for 1.5 cents every as an alternative, 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 should utilize 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 fashion.
You possibly can squeeze extra worth out of your Chase factors with Chase Pay Yourself Back, which helps you to redeem factors for money again at a charge of 1.25 to 1.5 cents every, relying in your card. This redemption charge is legitimate on assertion credit towards rotating buy classes, akin to choose charities.
How do I earn Chase Final Rewards factors?
You possibly can earn Chase factors by means of 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 absolutely transferable Final Rewards factors: the Chase Sapphire Most well-liked, Chase Sapphire Reserve and Ink Enterprise Most well-liked. Now is a good time so as to add the Sapphire Preferred to your pockets since you possibly can 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 indirectly earn you factors, however should you maintain one other card that does, you possibly can transfer your cash-back rewards to this card to show them into Final Rewards factors. We frequently suggest pairing an Ultimate Rewards-earning card with not less than one in every of Chase’s cash-back playing cards so you possibly can earn bonus factors in several classes and maximize your rewards.
You possibly can earn extra factors with Shop Through Chase, Chase’s on-line purchasing portal.
Backside line
How a lot Chase Final Rewards factors are price is dependent upon your journey fashion and objectives. Nonetheless, assigning a greenback worth per Chase level can assist you establish the neatest strategy to redeem them.
We usually do not suggest utilizing your Chase factors for money again, present playing cards or merchandise since you’ll get the poorest worth this fashion — 1 cent per level or much less. You possibly can 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. Should you desire an easier strategy to redeem, the Chase Journey portal provides a ton of choices, and you may get a strong worth of as much as 1.5 cents relying on the Chase card you maintain.