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Chase points are worth 1.16 cents per point, on average. The value of Chase points depends on which Chase credit card you have and how you choose to redeem the points. For example, points from Chase are worth up to 1.25 cents each when redeemed for travel through Chase Ultimate Rewards, and they are worth 1 cent each when redeemed for cash back.
Chase Points Value by Redemption Method
Redemption Method |
Average Point Value |
Value of 1,000 Points |
Chase Ultimate Rewards Travel |
1.25 cents |
$12.50 |
Cash Back |
1 cent |
$10 |
Gift Cards |
1 cent |
$10 |
Shop With Points |
1 cent |
$10 |
Experiences |
1 cent |
$10 |
Travel Partners |
Varies |
Varies |
Popular Chase Credit Cards
- Chase Sapphire Preferred® Card
- Chase Sapphire Reserve®
- Chase Freedom Unlimited®
- Chase Freedom Flex℠
- Ink Business Preferred® Credit Card
One thing worth noting is that the Chase Sapphire Preferred, Sapphire Reserve and Ink Business Preferred credit cards give 25% to 50% more value per point than other Chase credit cards when redeeming for travel through Chase Ultimate Rewards.
Tips for Maximizing the Value of Chase Points
Redeem Points for Ultimate Rewards Travel.
Chase points are worth the most when redeemed for travel through Chase Ultimate Rewards, but you need the right Chase credit card.
Get a Chase Sapphire card.
Chase Sapphire Preferred points are worth 1.25 cents apiece when redeemed for Ultimate Rewards travel, or you could get 1.5 cents per $1 point in value from Chase Sapphire Reserve.
Redeem Chase points regularly.
Chase points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.
Keep your account in good standing.
If Chase closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.
Redeem before closing your account.
Any points you don't redeem before closing your account will be lost.
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