Chase Ultimate Rewards factors are among the many most helpful and priceless currencies you possibly can accumulate. For those who might translate Chase factors to {dollars}, they’d be value 2.05 cents every based mostly on TPG’s April 2025 valuations — however you will get much more (or much less) worth out of your Chase factors relying on the way you redeem them.
You may select from a variety of redemption choices, together with a few of the greatest airline and hotel transfer partners, the easy-to-use Chase Travel℠ portal, money again and fee for on a regular basis bills.
For those who’re seeking to maximize the value of your Chase points, hold studying to find how a lot every redemption choice is value.
What are Chase Final Rewards factors?
Final Rewards factors are the foreign money of most Chase-branded credit cards. You may earn Chase Final Rewards factors for on a regular basis spending and redeem them for numerous rewards.
Listed below are a few of the greatest choices for incomes Chase factors:
Observe that these three playing cards are the one ones that enable transfers to airline and lodge companion packages. Nevertheless, if you happen to pair one in every of them with a cash-back Chase card — just like the Chase Freedom Unlimited® (see rates and fees) or the Ink Business Cash® Credit Card (see rates and fees) — you possibly can mix your factors in a single account, thus changing your cash-back rewards into absolutely transferable Final Rewards factors.
For those who’re new to the world of rewards credit cards, it is usually greatest to begin with Chase merchandise, due to the issuer’s well-documented 5/24 rule. Briefly, you typically cannot get authorized for any Chase playing cards — together with those who earn Final Rewards factors — if you happen to’ve utilized for 5 or extra new bank cards throughout all banks prior to now 24 months.
Keep in mind this restriction as you construct a method to maximise your bank card rewards.
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How a lot are Chase Final Rewards factors value?
TPG values Chase Final Rewards factors at 2.05 cents every, which it is best to ideally goal for when redeeming them. Nevertheless, the precise worth will rely in your selection of redemption.
When redeeming Final Rewards factors, you will have three primary choices:
| Redemption choice | Examples | Level worth |
|---|---|---|
| Switch factors to journey companions | 14 airline and lodge loyalty packages | Probably 2.05 cents every |
| Mounted-value redemptions by way of Chase Journey | Flights, resorts, cruises, excursions and rental vehicles | Between 1 and 1.5 cents every, relying on which Chase card you will have |
| Mounted-value, nontravel redemptions | Money again, reward playing cards and Apple merchandise | Between 0.8 and 1.5 cents every, relying on the redemption choice |
Let’s take a better take a look at every of those choices.
Chase Final Rewards factors worth with journey companions
Transferring Final Rewards factors to journey companions is usually essentially the most priceless solution to redeem them.
You may switch Final Rewards factors to 11 airline packages:
Chase additionally companions with three lodge loyalty packages:
All switch ratios are 1:1 (although there are occasional transfer bonuses), and you have to switch factors in 1,000-point increments. As famous beforehand, you possibly can solely switch factors from Sapphire Most well-liked, Sapphire Reserve and Ink Enterprise Most well-liked accounts, although you possibly can transfer your cash-back rewards into these accounts utilizing the “Mix factors” performance within the portal.
The perfect lodge switch companion
A specific standout switch companion is World of Hyatt. Hyatt factors are among the many most precious lodge factors, given this system’s low award redemption rates and glorious vary of price range and luxurious properties.
You may simply receive a minimum of 2 cents of worth per Chase level by transferring your factors to World of Hyatt and redeeming them in an expensive hotel market like London.
For instance, if you happen to had been to redeem 30,000 factors for a one-night keep on the Park Hyatt London River Thames (which prices $690 an evening), you’d get a worth of two.3 cents per level — a stellar worth in comparison with our present estimate of two.05 cents apiece for Chase factors.
The perfect airline switch companions
For those who desire flights over resorts, we’ve got discovered quite a few candy spots for each short- and long-haul flights in economic system and premium cabins, whether or not you fancy flying inside North America or so far as Europe or Asia.
Our favourite Ultimate Rewards sweet spots embrace:
- Iberia flights to Madrid: Spherical-trip flights from New York’s John F. Kennedy Worldwide Airport (JFK), Chicago’s O’Hare Worldwide Airport (ORD) and Boston Logan Worldwide Airport (BOS) to Adolfo Suárez Madrid-Barajas Airport (MAD) on off-peak dates will solely set you again 34,000 Avios in economic system, 51,000 Avios in premium economic system and 68,000 Avios in enterprise class once you switch your Chase factors to Membership Iberia Plus.
- Flights to Hawaii with Alaska Airways and American Airways: By transferring your Final Rewards factors to British Airways, you possibly can ebook awards with Oneworld companions American Airways and Alaska Airways. So long as your nonstop flight distance is underneath 3,000 miles every approach (and there is partner award availability), you possibly can leverage British Airways’ distance-based award chart to fly from any West Coast gateway to Hawaii for as little as 26,000 Avios round-trip.
- All Nippon Airways flights booked by way of Virgin Atlantic: For simply 145,000 Chase factors, you possibly can fly ANA round-trip in firstclass between the West Coast and Tokyo (once more, so long as there’s award availability). Flights from the East Coast solely price an additional 25,000 factors (170,000 factors round-trip). Enterprise-class redemptions are a fair higher deal, costing simply 105,000 to 120,000 factors round-trip, relying in your U.S. departure airport.
- Brief-haul flights to Canada: Flights from JFK to Toronto Pearson Airport (YYZ) on United Airways begin at 6,000 miles one-way, with availability exhibiting on a number of dates. To ebook these United flights, switch your Final Rewards factors to Air Canada Aeroplan.
Worth of Chase factors when redeeming by way of the Chase portal
You may also ebook journey by way of Chase Journey and redeem factors for aircraft tickets, lodge stays, rental vehicles, cruises or experiences at a set money worth per level. This worth is determined by which card you maintain:
That is one other case the place it is sensible to mix your factors within the card account that gives essentially the most worth. For instance, all of the factors you earn with the Freedom Flex could be moved to your Sapphire Reserve account, thus growing their worth from 1 cent to 1.5 cents every when redeemed by way of Chase Journey.
This technique can prevent numerous factors. For instance, a $300 lodge or flight would price 30,000 Chase factors redeemed at 1 cent every. However if you happen to can redeem them for 1.5 cents every as an alternative, you will solely want 20,000 factors for this reserving.
Chase Final Rewards factors worth for nontravel redemptions
There are a number of nontravel methods to spend your Chase Final Rewards factors. You should utilize them like cash through Amazon and PayPal or redeem them for Apple merchandise and reward playing cards. Sadly, you will get a poor worth of 1 cent or much less per Chase level this fashion.
You may squeeze extra worth out of your Chase factors with Chase Pay Yourself Back, which helps you to redeem factors for money again at a charge of 1.25 to 1.5 cents every, relying in your card. This redemption charge is legitimate on assertion credit towards rotating buy classes, comparable to choose charities.
How do I earn Chase Final Rewards factors?
You may earn Chase factors by way of bank card spending at charges of 1 to 10 factors per greenback, relying on the Chase bank card you carry and the acquisition class.
As talked about above, there are three playing cards that earn absolutely transferable Final Rewards factors: the Chase Sapphire Most well-liked, Chase Sapphire Reserve and Ink Enterprise Most well-liked. Now is a good time so as to add the Sapphire Preferred to your pockets since you possibly can earn a welcome bonus of 100,000 Final Rewards factors after spending $5,000 on purchases within the first three months from account opening. This is likely one of the most lucrative offers we’ve ever seen on this card.
Chase’s cash-back credit cards could circuitously earn you factors, however if you happen to maintain one other card that does, you possibly can transfer your cash-back rewards to this card to show them into Final Rewards factors. We frequently suggest pairing an Ultimate Rewards-earning card with a minimum of one in every of Chase’s cash-back playing cards so you possibly can earn bonus factors in numerous classes and maximize your rewards.
You may earn extra factors with Shop Through Chase, Chase’s on-line purchasing portal.
Backside line
How a lot Chase Final Rewards factors are value is determined by your journey fashion and targets. Nevertheless, assigning a greenback worth per Chase level will help you identify the neatest solution to redeem them.
We typically do not suggest utilizing your Chase factors for money again, reward playing cards or merchandise since you’ll get the poorest worth this fashion — 1 cent per level or much less. You may maximize the worth of your factors, as much as and above 2.05 cents every, by transferring them to Chase’s wide selection of airline and lodge companions and reserving award candy spots. For those who desire a less complicated solution to redeem, the Chase Journey portal affords a ton of choices, and you will get a stable worth of as much as 1.5 cents relying on the Chase card you maintain.
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