{"id":246963,"date":"2026-06-17T17:00:56","date_gmt":"2026-06-17T17:00:56","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/06\/17\/chase-ultimate-rewards-earn-redeem-and-transfer-points-the-points-guy\/"},"modified":"2026-06-17T17:00:56","modified_gmt":"2026-06-17T17:00:56","slug":"chase-ultimate-rewards-earn-redeem-and-transfer-points-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2026\/06\/17\/chase-ultimate-rewards-earn-redeem-and-transfer-points-the-points-guy\/","title":{"rendered":"Chase Ultimate Rewards: Earn, redeem and transfer points – The Points Guy"},"content":{"rendered":"


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Chase Ultimate Rewards points, a credit card rewards currency, give cardholders access to some of the best hotel and airline redemption transfer partners<\/a><\/span> in the points and miles business. Plus, Chase Travel\u2120<\/a><\/span>, the issuer’s easy-to-use travel portal, allows you to redeem your points for bookings like rental cars, hotels, flights, tours and activities.<\/p>\n

Despite increasing competition from American Express Membership Rewards<\/a><\/span>, Citi ThankYou Rewards<\/a><\/span>, Capital One miles<\/a><\/span>, Bilt<\/a><\/span> and Wells Fargo Rewards<\/a><\/span>, Chase Ultimate Rewards has maintained its place as one of the most valuable and useful transferable currencies.<\/p>\n

If you’re ready to get serious about traveling more for less, here’s everything you need to know about how to earn, redeem and transfer your Chase Ultimate Rewards points.<\/p>\n

What are Chase Ultimate Rewards points?<\/h2>\n

Ultimate Rewards points are the currency of select Chase-branded credit cards<\/a><\/span> and a favorite credit card rewards currency here at TPG. You can earn Ultimate Rewards for everyday spending on certain cards and then redeem them for a wide range of things, such as gift cards, cash back and travel.<\/p>\n

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TPG values Chase points at 2.05 cents apiece per our June 2026 valuations<\/a><\/span>, largely because you can transfer these flexible points to various travel partners to maximize their redemption value.<\/p>\n

Related: The ultimate guide to credit card application restrictions<\/a><\/span><\/strong><\/p>\n

How do I earn Chase Ultimate Rewards points?<\/h2>\n

There are many ways to earn these valuable points at rates of 1 to 8 points per dollar spent, depending on the Chase credit card you carry and the type of purchase. But it’s important to understand two types of Chase credit card rewards: Ultimate Rewards points and cash back.<\/p>\n

The first four cards below earn fully transferable Ultimate Rewards points all by themselves, while the remaining four are technically marketed as cash-back credit cards<\/a><\/span>.<\/p>\n

However, if you have an eligible Ultimate Rewards points-earning card, you can combine your Chase Ultimate Rewards in a single account<\/a><\/span>, effectively converting your cash-back rewards into fully transferable points.<\/p>\n

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Note that this isn’t possible with the Ink Business Premier\u00ae Credit Card<\/a><\/span> (see rates and fees<\/a><\/span>).<\/p>\n

For this reason, having more than one Chase card can make sense to maximize your earning and redeeming potential.<\/p>\n

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Here are the eight cards that allow you to earn Chase Ultimate Rewards points.<\/p>\n

Chase Sapphire Preferred Card<\/h3>\n

Welcome offer<\/strong>: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months of account opening.<\/p>\n

This elevated welcome offer<\/a><\/span> is one of the best we’ve seen on this card, worth $2,050 based on our valuations.<\/p>\n

Annual fee<\/strong>: $95<\/p>\n

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Why you want it<\/strong>: The Chase Sapphire Preferred\u00ae Card<\/a><\/span> (see rates and fees<\/a><\/span>) is a fantastic all-around travel credit card. In addition to earning bonus points on travel (among other categories), it comes with no foreign transaction fees<\/a><\/span> and many travel perks<\/a><\/span>, including delayed baggage insurance, trip interruption\/cancellation insurance<\/a><\/span> and primary car rental insurance<\/a><\/span>.<\/p>\n

Plus, it was recently updated with new perks and bonus categories<\/a><\/span>.<\/p>\n

To learn more, check out our full review of the Chase Sapphire Preferred<\/a><\/span>.<\/p>\n

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Apply here: Chase Sapphire Preferred Card<\/a><\/span><\/strong><\/p>\n

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Chase Sapphire Reserve<\/h3>\n

Welcome offer<\/strong>: Earn 100,000 bonus points after spending $6,000 on purchases in the first three months from account opening.<\/p>\n

This offer is worth $2,050, according to TPG’s valuations.<\/p>\n

Annual fee<\/strong>: $795<\/p>\n

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Why you want it<\/strong>: Put simply, you want the Chase Sapphire Reserve\u00ae<\/a><\/span> (see rates and fees<\/a><\/span>) for its earning power and perks that can easily cover the annual fee.<\/p>\n

These include an easy-to-use annual travel credit<\/a><\/span> worth $300, an annual $500 credit for hotels booked through The Edit by Chase Travel<\/a><\/span> (split into two up to $250 credits; minimum two-night stay required), Priority Pass Select<\/a><\/span> lounge access and entry to Chase’s growing list of new Sapphire lounges<\/a><\/span>.<\/p>\n

To learn more, check out our full review of the Chase Sapphire Reserve<\/a><\/span>.<\/p>\n

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Apply here: Chase Sapphire Reserve<\/a><\/span><\/strong><\/p>\n

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Sapphire Reserve for Business<\/h3>\n

Welcome offer<\/strong>: Earn 200,000 bonus points after spending $30,000 on purchases in the first six months from account opening.<\/p>\n

That’s worth a whopping $4,100 based on TPG’s valuations.<\/p>\n

Annual fee<\/strong>: $795<\/p>\n

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Why you want it<\/strong>: The Chase Sapphire Reserve for Business\u2120<\/a><\/span> (see rates and fees<\/a><\/span>) is the best card for business owners with travel expenses.<\/p>\n

The card offers 4 points per dollar spent on airfare and hotels booked direct<\/a><\/span>, 3 points per dollar spent on social media and search engine advertising, a $300 annual travel credit and a $500 credit for hotel bookings made through The Edit (split into two up to $250 credits; minimum two-night stay required).<\/p>\n

To learn more, check out our full review of the Sapphire Reserve for Business<\/a><\/span>.<\/p>\n

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Apply here: Sapphire Reserve for Business<\/a><\/span><\/strong><\/p>\n

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Ink Business Preferred Credit Card<\/h3>\n

Welcome offer<\/strong>: Earn 100,000 bonus points after spending $8,000 on purchases in the first three months from account opening.<\/p>\n

TPG’s estimates<\/a><\/span> peg this offer at $2,050.<\/p>\n

Annual fee<\/strong>: $95<\/p>\n

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Why you want it<\/strong>: The Ink Business Preferred\u00ae Credit Card<\/a><\/span> (see rates and fees<\/a><\/span>) is one of the best credit cards for small-business owners<\/a><\/span>, offering 3 points per dollar spent on the first $150,000 spent in combined purchases <\/strong>on travel, shipping, internet, cable and phone services, and advertising made with social media sites and search engines each account anniversary year (then 1 point per dollar spent).<\/p>\n

To learn more, check out our full review of the Ink Business Preferred<\/a><\/span>.<\/p>\n

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Apply here: Ink Business Preferred Credit Card<\/a><\/span><\/strong><\/p>\n

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Ink Business Cash Credit Card<\/h3>\n

Welcome offer<\/strong>: Earn $1,000 cash back after spending $8,000 on purchases in the first four months from account opening. This is the best welcome bonus<\/a><\/span> we’ve ever seen on this card.<\/p>\n

Annual fee<\/strong>: $0<\/p>\n

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Why you want it<\/strong>: The Ink Business Cash\u00ae Credit Card<\/a><\/span> (see rates and fees<\/a><\/span>) earns bonus cash back on categories like gas stations<\/a><\/span> and restaurants (2% cash back) and office supply stores, internet, cable and phone services (5% cash back).<\/p>\n

Cardholders are subject to a $25,000 cap on bonus rewards each anniversary year on combined purchases at restaurants and gas stations, and the same $25,000 cap each anniversary year for combined purchases at office supply stores and on internet, cable and phone services.<\/p>\n

You can convert these earnings to Ultimate Rewards points if you have one of the four rewards cards mentioned above.<\/p>\n

To learn more, check out our full review of the Ink Business Cash<\/a><\/span>.<\/p>\n

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Apply here: Ink Business Cash Credit Card<\/a><\/span><\/strong><\/p>\n

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Ink Business Unlimited Credit Card<\/h3>\n

Welcome offer<\/strong>: Earn $1,000 cash back after spending $8,000 on purchases in the first four months from account opening \u2014 pretty impressive for a card with no annual fee.<\/p>\n

Annual fee<\/strong>: $0<\/p>\n

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Why you want it<\/strong>: The Ink Business Unlimited\u00ae Credit Card<\/a><\/span> (see rates and fees<\/a><\/span>) earns unlimited 1.5% cash-back rewards<\/a><\/span> on every purchase.<\/p>\n

These cash-back earnings can be converted to transferable Chase Ultimate Rewards if you have one of the eligible points-earning cards listed above, meaning your small business can essentially earn 1.5 points per dollar spent on all charges made with this card.<\/p>\n

To learn more, see our full review of the Ink Business Unlimited<\/a><\/span>.<\/p>\n

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Apply here: Ink Business Unlimited Credit Card<\/a><\/span><\/strong><\/p>\n

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Chase Freedom Flex<\/h3>\n

Welcome bonus<\/strong>: Earn $200 cash back after spending $500 on purchases in the first three months from account opening.<\/p>\n

Annual fee<\/strong>: $0<\/p>\n

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Why you want it:<\/strong> The Chase Freedom Flex\u00ae<\/a><\/span> (see rates and fees<\/a><\/span>) can be a real earning powerhouse<\/a><\/span>, awarding 5% cash back on select bonus categories that rotate every quarter<\/a><\/span> (on up to $1,500 in combined spending, then 1% back; activation required).<\/p>\n

You can convert these rewards to valuable Chase Ultimate Rewards points if you also have an eligible points-earning credit card.<\/p>\n

To learn more, check out our full review of the Freedom Flex<\/a><\/span>.<\/p>\n

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Apply here: Chase Freedom Flex<\/a><\/span><\/strong><\/p>\n

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Chase Freedom Unlimited<\/h3>\n

Welcome offer<\/strong>: Earn $200 cash back after spending $500 on purchases in the first three months from account opening.<\/p>\n

Annual fee<\/strong>: $0<\/p>\n

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Why you want it<\/strong>: The Chase Freedom Unlimited\u00ae<\/a><\/span> (see rates and fees<\/a><\/span>) earns at least 1.5% cash back on all purchases, making it a great choice for spending in nonbonus categories like pet expenses<\/a><\/span> and home improvement<\/a><\/span>.<\/p>\n

These earnings can be converted to valuable Chase Ultimate Rewards points if you have one of the eligible points-earning cards listed above.<\/p>\n

To learn more, check out our full review of the Freedom Unlimited<\/a><\/span>.<\/p>\n

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Apply here: Chase Freedom Unlimited<\/a><\/span><\/strong><\/p>\n

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Do Chase Ultimate Rewards points expire?<\/h2>\n

Chase Ultimate Rewards points do not expire, provided you keep at least one card that earns Ultimate Rewards points open. If you cancel all of your Ultimate Rewards cards, you must redeem or transfer your points<\/a><\/span> before closing the last card. Otherwise, you will forfeit the points.<\/p>\n

What are Chase Ultimate Rewards points worth?<\/h2>\n

TPG values Chase Ultimate Rewards points at 2.05 cents apiece per our valuations. This is largely due to the array of valuable transfer partners, such as World of Hyatt<\/a><\/span> and Air Canada Aeroplan<\/a><\/span>.<\/p>\n

These options give you plenty of flexibility in your redemptions, making Chase’s credit card rewards a great ecosystem<\/a><\/span> for travelers.<\/p>\n

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However, you’ll get varying values for Chase points if you pursue other redemption opportunities, such as travel bookings through Chase Travel, merchandise or gift cards through Chase Pay Yourself Back<\/a><\/span> or simple cash back. We’ll break these down in the following sections.<\/p>\n

How to redeem Chase Ultimate Rewards points<\/h2>\n

You have three basic routes to redeem your Chase Ultimate Rewards points<\/a><\/span>:<\/p>\n