Chase Ultimate Rewards Points Guide: Earning, Redeeming and Sapphire, Freedom and Ink Brands

This post may contain affiliate links; please read our advertiser disclosure for more information.

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Related: Chase 5/24 Guide

Guide: Chase Ultimate Rewards points are some of the most highly prized points out there because they are extremely flexible and can be redeemed in several ways. Chase also has one of the most, if not the most, extensive selection of transfer partners. More options means more value.

The Chase Ultimate Rewards program is also home to the Sapphire Reserve, Sapphire Preferred and the Freedom card; 3 of the most popular rewards cards on the market. Each of these credit cards earns Ultimate Rewards Points in lieu of other rewards like cashback or miles. Though cashback is one way to redeem these valuable points.

Click Here to Learn More and Compare Other Rewards Cards

There are different methods available to earn Chase Ultimate Rewards. Most UR earnings opportunities are tied to credit cards but there are a few other ways, such as shopping through the Ultimate Rewards shopping portal. An interesting way I’ve seen to earn Ultimate Rewards points is to take out a mortgage with Chase, offers can go up to 100k points. You can earn points by referring friends and family and adding authorized users. There are also ways to earn with Checking and Savings Accounts.

The value of Chase Ultimate Rewards varies based on redemption methods. There are several ways to redeem Chase points so your personal valuation will depend on your preferred method of redemption. Check out this post discussing redemption methods. Of course the objective is to get the greatest value out of your points, but it really depends on what makes sense for you. The goal of this guide is to give you all the information you need to understand the ins and outs of this lucrative program and figure out the best redemption methods for yourself.

The absolute minimum value you should get for UR points is .01 cent each since you can redeem them at 1 cent with the cashback option.

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Chase Ultimate Rewards Credit Cards

Every credit card that is part of the UR Family is subject to Chase’s 5/24 Rule, thus it is very important that you are familiar with it. Check out our Chase 5/24 Guide here for everything you need to know about the rule. Because UR cards are such a prominent factor in rewards decisions, it’s a good idea to read our Beginners Application Strategy so that you have some insights into a successful plan.

Click on each card for our review:

Click Here For Details and to Compare Cards

Ultimate Rewards Program Rules

Points Transfers

Transfer points to another person: If you have a personal card you may transfer points to the Ultimate Reward Accounts of other members in your household. If you have a business account, the person must be a member of your household or an owner of the business.

Transfer points to another person’s loyalty account: On personal accounts, you can transfer points to someone else’s loyalty program only if they are a member of your household AND an authorized user on your account. For Business cards, the recipient must be an owner of the company AND an authorized user.

Combining Points: You can combine your points by transferring them to another one of your UR accounts through either or the UR site. This can help you maximize your value.

How to Combine Your Ultimate Rewards Points For Maximum Value: Step by Step Guide

Cash-Back Cards (But Not Exactly)

The Chase Freedom, Chase Freedom Unlimited and Ink Cash are technically cashback cards but they actually earn UR Points, which can later be redeemed for cashback at a rate of $.01 each.

Ways to Earn Ultimate Rewards

There are several ways to earn Ultimate Rewards, it’s worth noting UR are not available for purchase, they must be earned.

  • Credit Card sign-up bonuses
  • Credit Card earnings
  • Chase Ultimate Rewards Shopping Portal
  • Occasional Offers on other Chase products
  • Referrals:

Credit Card Sign Up Bonuses

Signing up for a new Chase Ultimate Rewards card is the best way to earn a big chunk of Ultimate Rewards Points. Currently, there are some awesome sign up bonuses on the Sapphire Preferred and the Ink Preferred.

Click Here to Learn More and Compare

Credit Card Earnings

CardBonus Earning Category
Chase Sapphire Reserve3x dining and travel

1X everything else
Chase Sapphire Preferred2x dining and travel

1X everything else
Chase Ink Cash5X office supplies, cable, internet, phone (on first $25k combined category spend per year)

2X gas and dining (on first $25k combined category spend per year)

1X everything else
Chase Ink Business Preferred3X Travel, Shipping purchases Internet, cable and phone services, Advertising purchases on social media and search engine optimization

1X everything else
Chase Freedom5x Rotating Categories
1x Everything else
Chase Freedom Unlimited1.5x Everything unlimited

Check out this recent post about how to earn 5x Chase Ultimate Rewards Points with the Ink branded credit cards and how to maximize the 5x categories on the Freedom. The Chase Ultimate Rewards Card Strategy Guide can help you understand how to maximum earn points across the cards and transfer them to get the most value.

Chase Ultimate Rewards Shopping Portal

The shopping portal is just like any other, except you can earn Ultimate Rewards in lieu of cashback or loyalty points/miles. If you have a Chase Freedom Card, you can stack the shopping portal rewards from retailer within the rotating 5% bonus categories and earn up to 10% back.

Occasional Offers on Other Chase Products

Chase has offered Ultimate rewards Bonuses for signing up for or using some of it’s other services. An offer for 100k UR for taking out a mortgage from Chase Bank has been around in the past year or two. There have also been targeted bank account bonuses offering UR Points in lieu of cash bonuses.


Once you have a Chase card you can refer friends and family members to sign up for the same card and you’ll receive a referral bonus on each, up to 100K Chase Ultimate Rewards Points per year. Referrals are available through and the mobile app.

Ways to Redeem Ultimate Rewards Points

  • Transfer to Travel Partners
  • Book travel through the chase travel portal
  • Redeem for cashback
  • Gift Cards
  • Pay with points on Amazon

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Transfer Partners

One of the best ways to maximize the value of Ultimate Rewards Points is to transfer them to Chase’s Travel Partners to book award tickets. In order to be able to transfer points to partners, you must have a premium card from the list above i.e. Chase Sapphire Reserve, Chase Sapphire Preferred or Chase Ink Preferred.

Airline Transfer Partners

British Airway Executive Club
Singapore Airlines KrisFlyer
United MileagePlus
Southwest Airlines Rapid Rewards
Virgin Atlantic Flying Club
Korean Air SKYPASS (As of August 24th this will no longer be a transfer partner)
Iberia Plus
Aer Lingus AerClub

 Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Hotel Transfer Partners

World of Hyatt
IHG Rewards Club
Marriott Rewards

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Book Through the Chase Travel Portal

The Chase travel portal is similar to other online travel booking sites, especially the Citi Thank You and Amex Travel portals.  The amount your Ultimate Rewards are worth when booking travel depends on which cards you have. If you only have the no-fee versions your points are worth a flat .01 cent each towards your booking. However, if you have either the Ink Business Preferred or the Sapphire Preferred, you can redeem them for a value of 1.25 cents each. The absolute best value you can get from booking through the travel portal is for Chase Sapphire Reserve cardholders, their points are worth 1.5 cents each which can be a great value if you’re able to find a deal or promotion. Here’s our Guide: Chase Ultimate Rewards Points: Should I Transfer Points to Travel Partners or Book Through Portal.

One unique feature of the Chase travel portal is that it allows you to book trip extras, like excursions and transportation using your points.

Cashback or Statement Credit

Each Ultimate Rewards point is worth $.01 when redeeming for cash. This is a good option if you are not a huge traveler or already have way more points than you need.

 Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Gift Cards

This is generally not recommended. Each Ultimate Rewards point is worth $.01 when redeeming for gift cards. If you are looking for a gift card, it generally makes sense to redeem your points for cash and then to use a credit card to buy the gift card so you earn rewards. However, sometimes Ultimate Rewards has sales where you can redeem your points at a higher value towards certain gift cards. For example, at the time of this writing, many brands’ gift cards including Kohl’s and JC Penney are on sale for 10% off.

Amazon Pay with Points

This is a terrible option for redeeming your Chase Ultimate Rewards. When going this route you’ll get less than $.01 per point value when you can simply redeem points for cash or an Amazon gift card at a value of $.01 each.

Guide: Chase Ultimate Rewards Points Best Uses Sapphire Ink Transfer Travel

Final Thoughts

There’s a reason Ultimate Rewards points are so highly regarded. You can earn points on a variety of different cards in a variety of different categories and use those points in a variety of different ways. Instead of earning points one way on one card, you can earn them many ways across many cards. This is incredibly powerful and makes these points highly valuable.

In the near future we will create supplementary guides and informational materials to elaborate on the Ultimate Rewards’ Program and it’s benefits. Please let us know if there is anything in particular you would like to see or any questions you may have.

Bethany Walsh
Founder of, Bethany is a points, miles and loyalty program strategist who enjoys luxury travel and lives for a deal. When Bethany is not following her Miles to Memories family around the world to various meet-ups you can find her on a beach, in a casino or on a mileage run.

More Like This


Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. I find transferring to Southwest to be worth the most, since with Southwest you can book in advance and cancel later as necessary. This is worth a lot to me, since if the flight goes down in price you can rebook, or if it gets way cheaper on another airline you can cancel the southwest flight and book through the Chase portal with the cheaper airline.

    • Jason,

      If you have the Chase Sapphire Preserve and you specifically want to use the points for southwest, you’re better off calling chase and asking them to book a southwest flight using UR points. This way you get 1.5x value instead of ~1.3x and more importantly the fare will count as a cash fare so you get 6x southwest points on the cash rate.

  2. I have Chase Ink Plus, can I refer my same sole proprietorship to the Chase Ink Preferred since I don’t have that? I ask since Chase is allowing us to refer the Chase Ink Preferred even though we only have the Ink Plus.

    • That’s interesting. My guess would be technically no since it’s the same business entity. Do you have an EIN? You could apply for one and use that, probably increases the chances of getting the referral. If not, you could always use ours 🙂 lol

      • I don’t have an EIN but I have been told that if it’s an EIN referring another EIN with same owner it will work. I appreciate the referral offer however if I couldn’t refer myself then I was planning to go in branch as they have.a 100k offer. I’m trying to save needing to make a visit though


Please enter your comment!
Please enter your name here


SoFi Money $50 Bonus!

Super easy bonus! Sign-up and deposit $500 or more and they'll pay you $50! That's it!
Grab Your $50 SoFi Bonus Now!

Webull - 2 Free Stocks!

Brokerage app Webull is offering 2 Free Stocks! Just open an account and fund with $100 to get your stocks valued up to $1600! Super easy!
Grab your 2 free stocks now!

Subscribe To Our Newsletter

Join thousands of MtM readers who are subscribed to receive a once daily email with all of our posts. Never miss out!

You have Successfully Subscribed!