Chase Ultimate Rewards Points: Value, Transfer Partners and Cards (2026)
Quick answer: Chase Ultimate Rewards points are worth 1.5¢ each in MaxWorth's valuation, so 100,000 points come to about $1,500. They transfer to 10 airlines and 4 hotel programs. 8 US credit cards earn them.
What your points are worth
Ultimate Rewards points get their best value when you transfer them to airline and hotel partners, which needs one of Chase's premium cards. Without a transfer card, the same points are worth 1 cent each as cash back or through Chase Travel. Hyatt has long been the favorite hotel partner, but from Sapphire Preferred and Ink Business Preferred it now transfers at 4:3 instead of 1:1.
| Balance | At 1.5¢ each |
|---|---|
| 10,000 | $150 |
| 25,000 | $375 |
| 50,000 | $750 |
| 100,000 | $1,500 |
Ways to redeem
| Option | Value per point | Notes |
|---|---|---|
| Transfer to airline and hotel partners | varies | Needs Sapphire Reserve, Sapphire Reserve for Business, Sapphire Preferred or Ink Business Preferred. |
| Chase Travel with Points Boost | up to 2¢ | Up to 2¢ with Sapphire Reserve, up to 1.5¢ with Sapphire Preferred and Ink Business Preferred. Only on a limited, rotating set of flights and hotels. |
| Chase Travel (standard) | 1¢ | Bookings without Points Boost. Older cardholders keep 1.5¢ (Reserve) or 1.25¢ (Preferred) on points earned before Oct 26, 2025, usable until Oct 26, 2027. |
| Pay Yourself Back | varies | Statement credit for eligible purchases in the last 90 days. Eligible categories and rates change every quarter. |
| Cash back or statement credit | 1¢ | Available on every card that earns Ultimate Rewards. |
| Amazon Shop with Points or PayPal | 0.8¢ | The lowest-value option. |
Transfer partners (14)
Transfers go in 1,000-point increments and are 1:1 to every partner except World of Hyatt from the Preferred cards. Only Sapphire Reserve, Sapphire Reserve for Business, Sapphire Preferred and Ink Business Preferred can transfer.
| Partner | Type | Ratio | Award seats |
|---|---|---|---|
| Aer Lingus AerClub | Airline | 1:1 | – |
| Air Canada Aeroplan | Airline | 1:1 | Search in app |
| Air France-KLM Flying Blue | Airline | 1:1 | Search in app |
| British Airways Club | Airline | 1:1 | – |
| Iberia Club | Airline | 1:1 | – |
| JetBlue TrueBlue | Airline | 1:1 | Search in app |
| Singapore Airlines KrisFlyer | Airline | 1:1 | Search in app |
| Southwest Rapid Rewards | Airline | 1:1 | – |
| United MileagePlus | Airline | 1:1 | Search in app |
| Virgin Atlantic Flying Club | Airline | 1:1 | Search in app |
| IHG One Rewards | Hotel | 1:1 | – |
| Marriott Bonvoy | Hotel | 1:1 | – |
| World of Hyatt 1:1 from Sapphire Reserve and Sapphire Reserve for Business. 4:3 (1,000 points = 750 Hyatt points) from Sapphire Preferred and Ink Business Preferred since Oct 1, 2026. | Hotel | 1:1 | – |
| Wyndham Rewards Added Feb 25, 2026. | Hotel | 1:1 | – |
"Search in app" means Award Search in the MaxWorth app, which shows award seat availability for these programs.
Cards that earn Chase Ultimate Rewards (8)
| Card | Annual fee | Top earn rates | Can transfer? |
|---|---|---|---|
| Chase Sapphire Reserve | $795 | 4x Flights · 4x Hotels · 3x Dining | Yes |
| Chase Ink Business Premier | $195 | 2.5x Large Purchase · 2x Everything else | No, fixed-value redemptions only |
| Chase Ink Business Preferred | $95 | 3x Shipping · 3x Advertising · 3x Internet / Cable / Phone | Yes |
| Chase Sapphire Preferred | $95 | 5x Lyft · 3x Online Grocery · 3x Streaming | Yes |
| Chase Freedom Flex | $0 | 7x Dining · 5x Groceries · 3x Drugstores | Only after moving points to a card that can transfer |
| Chase Freedom Unlimited | $0 | 3x Drugstores · 3x Dining · 1.5x Everything else | Only after moving points to a card that can transfer |
| Chase Ink Business Cash | $0 | 5x Office Supply · 5x Internet / Cable / Phone · 2x Gas | Only after moving points to a card that can transfer |
| Chase Ink Business Unlimited | $0 | 1.5x Everything else | Only after moving points to a card that can transfer |
Also earning these points, but closed to new applicants: Chase Sapphire Reserve (Legacy), Chase Freedom (Legacy).
Freedom Flex, Freedom Unlimited, Ink Business Cash and Ink Business Unlimited earn points that can't be transferred on their own. Combine them into a Sapphire Reserve, Sapphire Preferred or Ink Business Preferred account first, then transfer.
Good to know
- Expiration
- Points don't expire while your account is open. Before you close your last Ultimate Rewards card, redeem the points or move them to another Chase card, or they are forfeited.
- Pooling and sharing
- You can combine points freely between your own Chase cards, and transfer them to one member of your household or to a co-owner of your business, with no fee.
Frequently asked questions
How much are 100,000 Chase Ultimate Rewards points worth?
About $1,500 at MaxWorth's valuation of 1.5¢ per point. What you actually get depends on how you redeem; see the redemption options above.
Can I still transfer Chase points to Hyatt at 1:1?
Only from Sapphire Reserve or Sapphire Reserve for Business. Since Oct 1, 2026, Sapphire Preferred and Ink Business Preferred transfer to Hyatt at 4:3, so 1,000 points become 750 Hyatt points.
Is Emirates still a Chase transfer partner?
No. Chase ended transfers to Emirates Skywards on Oct 16, 2025. Wyndham Rewards was added as a 1:1 partner on Feb 25, 2026.
Can I transfer Freedom Unlimited points to airlines?
Not directly. Move them into a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred account first, then transfer from there.
Track Chase Ultimate Rewards next to every other balance.
The MaxWorth app turns each points balance into dollars at these valuations and searches award seats for airline partners. No bank login needed.
Sources: chase.com · creditcards.chase.com · creditcards.chase.com · chase.com · upgradedpoints.com · bankrate.com · onemileatatime.com. Always confirm current terms with the issuer or program.