Points valuation

What are Chase Ultimate Rewards points worth?

About 1.8¢ per point at a typical redemption — though the real value swings with how you use them.

Floor

1.4¢

Median

1.8¢

Ceiling

2.1¢

low confidence · updated 6/14/2026 · triangulated from TPG, NerdWallet & Frequent Miler

Best ways to use Chase Ultimate Rewards points

Hyatt Category 1–4 with transferred Chase UR
Chase UR transfers 1:1 to World of Hyatt. Category 1–4 stays run 3.5k–15k points a night and routinely beat the cash rate.
Aeroplan partner business class to Europe
Transfer Chase UR 1:1 to Aeroplan for Lufthansa / Swiss / Austrian business from the US East Coast — around 60k points one-way.

Have Chase Ultimate Rewards points and a trip in mind? See exactly how far they'll get you.

Check a redemption