How much is one Chase Ultimate Rewards® Points worth?

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Chase Ultimate Rewards® Points are worth about 1.25¢ each in the PointsMax model, valued at realistic redemption yields rather than best-case rates. Here is how that valuation works and which cards earn them.

Chase Ultimate Rewards® Points

flexible travel Ecosystem

PointsMax Valuation1.25¢per point / mile

Redeeming for travel transfer partners yields maximum value.

Portal redemptions generally provide a fixed 1.0¢ to 1.5¢ floor value.

Why PointsMax Values Chase Ultimate Rewards® Points at 1.25¢

Chase Ultimate Rewards points are highly regarded due to their valuable transfer partners, notably World of Hyatt, United, and British Airways. Under the PointsMax model, they are valued at 1.25¢ as a baseline (with the Chase Sapphire Preferred®) and 1.5¢ when pooled under the Chase Sapphire Reserve® due to the 50% portal redemption boost.

Our valuations represent the estimated cash yield you can expect when booking typical award tickets or hotel nights using optimal redemption strategies, rather than baseline cash-back conversions.

Earning Credit Cards

Here are the cards in the PointsMax catalog that earn Chase Ultimate Rewards® Points, showing their primary multipliers and effective return values.

Chase Sapphire Reserve®

Chase • Annual Fee: $795

Best Return4x (5.00%)

Chase Sapphire Preferred® Card

Chase • Annual Fee: $95

Best Return3x (3.75%)

Max out your Chase Ultimate Rewards® Points

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