45,000 Chase points are worth $481.5 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 45,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.
Having the right Chase credit cards can help you maximize the value of your Chase points. Also, keep in mind that Chase has the right to change the value of your points at any time. That means you should redeem your points often to avoid the chances of a large number of them being devalued.
The easiest way you can redeem Chase rewards is online, but you can also do that over the phone at (800) 432-3117. You can redeem Chase rewards for gift cards, travel, statement credits and cash. Chase points are generally worth 1 cent each, regardless of what they’re redeemed for. If you’re redeeming for cash, you can also go to a … read full answerChase branch. You’ll get your money as a statement credit or as an electronic deposit to the bank account of your choice.
Here’s how to redeem Chase rewards:
Online: For online redemption, log in to your Chase account and go to the Chase rewards portal. From there, you’ll be able to book trips, buy gift cards, request statement credits, etc.
By phone: To redeem by phone, call Chase customer service at (800) 432-3117. Enter your account number to connect to a customer service representative. State that you want to redeem rewards.
At a Chase branch: You can request a statement credit or bank account deposit in exchange for your Chase rewards at any Chase branch. You just need your account number and a picture ID. But you won’t actually get cold hard cash on the spot.
Different Chase cards have different rewards programs. One card might give you the most rewards for travel, another for everyday purchases. So, you’ll want to pick a card with a reward structure that matches your lifestyle.
For all Chase cards in the Ultimate Rewards program, except Chase Freedom Flex℠ and Chase Freedom Unlimited®, you can also transfer Chase points to 14 airline and hotel loyalty programs at a 1:1 ratio. Whether or not that’s a good deal depends on the value of the loyalty program’s miles. Chase travel partners include United, British Airways, Southwest, IHG, Marriott and others.
There are 14 Chase Ultimate Rewards transfer partners, including 11 airlines and 3 hotels. Some of the most popular Chase Ultimate Rewards transfer partners are United Airlines, Southwest Airlines, Hyatt, Marriott and IHG.
Key Things to Know About Transferring Ultimate Rewards Points
Transfers to Chase Ultimate Rewards partners are done at a 1:1 ratio, meaning you get one point or mile in a partner’s program for each Chase point. But that doesn’t mean your points will be worth the same amount after you transfer them to one of the Ultimate Rewards transfer partners. The value of hotel points and airline miles can vary a lot. You may also have to deal with blackout dates and seating while navigating the Chase Ultimate Rewards transfer partners.
Ultimate Rewards points transfer instantly into nearly all partner loyalty accounts. In some cases, such as with Marriott Bonvoy, transfers may take up to 2 business days. In addition, all transfers to Chase Ultimate Rewards partners are irreversible. Once you transfer your Ultimate Rewards points, you are subject to the rules, fees and redemption policies of the partner’s program.
It’s also worth pointing out that not all Chase credit cards are eligible for point transfers. You can check out the cards that qualify below.
Chase Credit Cards that Allow You to Transfer Ultimate Rewards Points
If you have one of these cards, you can transfer your rewards points to a partner’s loyalty program. You can do so to pool them with points or miles already there, as well as to redeem them for a flight or hotel reservation with the partner.
How to Decide When It’s a Good Idea to Transfer Ultimate Rewards Points
If you’re already a member of an airline or hotel loyalty program, transferring Chase Ultimate Rewards points can help you save on bookings that you’d make anyway as well as help you reach elite status. Depending on the transfer value, though, you may find booking directly through Chase can actually maximize the value of your points.
On the other hand, some flights or hotel stays will cost more through Chase’s portal than directly with the transfer partner. So, it can be worth taking the extra step to compare all your options.
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