How much is 22,000 Ultimate Rewards points worth?

To get the most value from Chase Ultimate Rewards, you will need to have the Chase Sapphire Reserve® card, because its points are worth 1.25 cents each when redeemed for travel. You will also need to spend enough to earn the card’s initial bonus of 60,000 bonus points for spending $4,000 in the first 3 months.

The Chase Sapphire Reserve® card offers the highest redemption value of any Chase card, as its points are worth 50% more than the points on most other Chase cards when redeemed for travel. If you don’t plan on using your rewards for travel, though, points on all Chase Ultimate Rewards cards are ... read full answerworth the same amount toward other redemption options. In that case, getting the most value depends on selecting the Chase card that allows you to earn the most rewards. There are a few other things you can do to maximize your value, too.

Ways to Get the Most Value From Chase Ultimate Rewards

• Get the Chase Sapphire Reserve® and spend your points on travel.
• Have both a cash back card and a travel card from Chase to maximize the categories in which you earn bonus rewards.
• Earn the cards’ initial bonuses by spending a certain amount of money in the first few months.
• Consider transferring points to Chase’s travel partners, as some may offer more value per point than Chase itself.
• Refer friends to Chase cards to earn extra rewards.
• Redeem your points often. They don’t expire as long as your account is open and in good standing, but keeping large amounts of points in your account for a long time increases the risk of devaluation by the issuer.

You can learn more about the ins and outs of Chase Ultimate Rewards on WalletHub. Plus, you can take a look at WalletHub’s editors’ picks for the best Chase credit cards by category.

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.

Chase Ultimate Rewards Transfer Partners

• IHG Rewards Club
• Marriott Bonvoy
• World of Hyatt
• Aer Lingus AerClub
• Air Canada Aeroplan... read full answer
• British Airways Executive Club
• Emirates Skywards
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines
• Southwest Rapid Rewards
• United MilagePlus
• Virgin Atlantic Flying Club

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.

The Chase Ultimate Rewards Mall allows Chase credit card customers to redeem Ultimate Rewards points for travel, gift cards, cash back, merchandise and more. The Shop through Chase section of the Chase Ultimate Rewards Mall also enables cardholders to earn an extra 1%-25% in Ultimate Rewards points when buying merchandise from eligible retailers online.... read full answer

How to Redeem Points Through the Chase Ultimate Rewards Mall

To redeem Chase Ultimate Rewards points, log into your Chase credit card account from the Ultimate Rewards page. There, you’ll find a horizontal menu at the top listing all your options, from cash back to deals. It’s pretty straightforward, but there are a few features worth highlighting.

• Using your Ultimate Rewards for Amazon or Apple purchases is really convenient. Both options have their own buttons in the Chase Ultimate Rewards Mall menu.
• If you choose to redeem your points for cash back, there’s no minimum amount of points needed to cash them in. Ultimate Rewards are redeemable for cash back in the form of a statement credit or a direct deposit into most U.S. checking and savings accounts.
• Make sure to check out the “Deals” section, which will steer you toward discounted gift cards (that you can buy with points) and Shop through Chase retailer bargains (not available to buy with points).

Bear in mind, however, that Ultimate Rewards points are worth different amounts depending on which Chase credit card you have and how you redeem them. For example, a Chase Sapphire Reserve® point can be worth up to 1.5 cents when redeemed for travel. Chase Ultimate Rewards points are worth $0.008 per point (100 points = $0.80) when redeemed for Amazon purchases.

How to Earn Extra with “Shop through Chase”

One great feature of the Chase rewards Mall is the Shop through Chase section, which you can access by clicking the “Earn Bonus Points” link in the main navigation bar. You won’t be able to use points to make purchases from Shop through Chase retailers. But your purchases earn an extra 1%-25% in Ultimate Rewards points when you go to an eligible retailer’s site through the Chase Ultimate Rewards Mall, rather than going directly to the retailer’s regular URL.

Popular “Shop through Chase” Retailers

• Backcountry
• GNC
• Groupon
• IT Cosmetics
• JC Penny
• Macy’s
• Nike
• Sephora
• Under Armour
• Walgreens

It’s worth noting that when using Shop through Chase, you can’t pay with points, and only purchases made with an eligible Chase credit card will earn the extra bonus points. Chase cards that don’t give Ultimate Rewards points, such as the two co-branded Disney credit cards, can’t earn the extra points offered by Shop through Chase.