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Chase Ultimate Rewards® are often considered the most valuable points in the rewards space for several reasons. We're going to break down those reasons for you today, and share the basics of how to best redeem your Ultimate Rewards points. No matter your travel goals or rewards needs, Ultimate Rewards (UR) points can help you get there.

How to Receive Ultimate Reward Points & Top Off Other Co-Branded Accounts

First of all, Chase Ultimate Rewards points are some of the easiest points to earn, since there are several card options that receive them. And many of these UR earning cards have nice category spending bonuses to help pad your balances.

If you're just getting started earning points and miles, Ultimate Rewards points are a wise choice, not only because of their value, but also because of recent difficulties some have had with receiving approval on new accounts.

Since Spring 2015, some people have reported being denied for Ultimate Rewards earning cards if they have applied for 5 or more credit cards in the last 24 months. That's why we recommend applying for the Chase Sapphire Preferred® Card or the Chase Sapphire Reserve℠ (our top rewards card pick) or one of the below cards before applying for other credit cards.

Note: The Chase Freedom & Ink Business Cash℠‎ Credit Card earn Ultimate Rewards points, but they can't be transferred out to travel partners unless you combine them with the Chase Sapphire Reserve℠, Chase Sapphire Preferred® Card or Ink Business Preferred℠‎ Credit Card Ultimate Rewards accounts. This is one reason that we recommend applying for the Chase Sapphire Reserve℠ and Chase Sapphire Preferred® Card first.

Spending Category Bonuses 

Beyond the sign-on bonuses for the Ultimate Rewards receiving cards, you can accumulate UR points through spending, and each card has unique spending category bonuses.

  • Chase Freedom – Quarterly rotating 5% categories. For example, past categories included earning 5 points per dollar on Amazon and Zappos purchases.
  • Ink Plus® Business Credit Card – 5 points per $1 on office supplies, cable, phone services, and internet.
  • Ink Business Cash℠‎ Credit Card – 5 points per $1 on office supplies, cable, phone services, and internet.
  • Ink Business Preferred℠‎ Credit Card – 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, advertising purchases made with social media sites and search engines each account anniversary year.
  • Chase Sapphire Preferred® Card – Earn 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.
  • Chase Sapphire Reserve℠ – Earn 3X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases worldwide.

Combining with Co-Branded Travel Cards

Another perk of Ultimate Rewards is that most of the travel programs that you can transfer your UR points out to have their own co-branded rewards cards, so topping off your account for a big redemption is easier.

And the 5+ applications in the last 24 months rule that applies to Ultimate Rewards receiving cards does not apply to all of the Chase co-branded travel cards. Those are:

As you can see, not only are there a lot of opportunities to receive Ultimate Rewards points, but there are many options for receiving miles/points with their travel partners through their co-branded cards, enabling you to really stack up your points in that specific program. Now let's break down how the Ultimate Rewards program works.

Combining Ultimate Rewards with Other Household Accounts

A great perk of Ultimate Rewards points is that you can combine them with your other Ultimate Rewards accounts and/or other household member's Ultimate Rewards accounts. Here's how:

1. Log into your Ultimate Rewards account.

2. Hover over your points total, scroll down and click to Combine Points.

How to combine Ultimate Rewards points with other household accounts

3. You will then be directed to a page where you can combine your points with other Ultimate Rewards accounts. You just need to select your Ultimate Rewards account, add the credit card information for the other Ultimate Rewards account you want to combine points with, and then click Continue.

4. On the next page, confirm how many points you would like to transfer, and review.

5. On the following page, you will confirm and submit. Your points should be combined instantly.

How to combine Ultimate Rewards points with other household accounts
From the Chase terms and conditions:

“You can move points to another Chase card with Ultimate Rewards belonging to you, your spouse, domestic partner or your joint business owner(s).”

Transferring Ultimate Rewards Points to Travel Partners

The most valuable way to use your Ultimate Rewards points is to transfer them out to their hotel and airline travel partners. Those transfer partners are United, Southwest, British Airways, Korean Air, Singapore Air, Virgin Atlantic, Air France/KLM, Hyatt, Marriott, Ritz-Carlton, and IHG. Ultimate Rewards points are transferred instantly at a 1:1 ratio, and you have to transfer 1,000 points at a time to use them in this way.

Once you have your Ultimate Rewards points in the loyalty program of the transfer partner, you can then book your flight or hotel. The transfer partners of the Ultimate Rewards program have some great sweet spots for travel in their reward charts, check out this post for 19 different ways to redeem Ultimate Rewards.

For example, you can fly one-way for as little as 4,500 miles through British Airways. Another option is to fly round-trip to Europe in United economy class for 60,000 miles (this would easily cost you over $1,200!). You can also routinely find round-trip domestic flights on Southwest for just 15,000 points, or book a category 4 Hyatt property for 15,000 points a night. The point is, you have a lot of options when it comes time to redeem your Ultimate Rewards points, and for a great value by maximizing their transfer partners.

Here's how to transfer Ultimate Rewards points out to a transfer partner:

1. Log in to your Ultimate Rewards account.

2. Hover over Use Points and then click on Transfer to Travel Partners.

Transfer Ultimate Rewards points to travel partners

3. Select your travel transfer partner and click on Transfer Points.

Transfer Ultimate Rewards points to travel partners

4. Fill in your membership information and select Add Member ID.

Transfer Ultimate Rewards points to travel partners

5. On the next page, select how many points you would like to transfer, and then Continue.

Transfer Ultimate Rewards points to travel partners

6. On the next page, you will confirm and review your transfer. You will also acknowledge that you're abiding by the terms and conditions that you're transferring points out to: you, your spouse, domestic partner or, for business cardholders only, to joint business owner(s).” After confirming, you will be directed to the confirmation page, and you're done! You can then sign in to your account with the travel partner and book your hotel or flight. 

Redeeming Ultimate Rewards Points for Travel Through Their Online Portal

You can also redeem your Ultimate Rewards points for flights, hotels, cruises, entertainment, excursions and car rentals through their online portal on the Ultimate Rewards website. This is good for travel not included in the transfer partners of the Ultimate Rewards program. And you will get a 20% discount for booking through the Ultimate Rewards website, so 10,000 points would equal $125 in travel.

Here's how you can book travel through the Ultimate Rewards portal.

1. Log in to your Ultimate Rewards account.

2. Hover over Use Points and click on Explore & Book Travel.

Redeem Ultimate Rewards through the Chase Ultimate Rewards Portal

3. Click to book a flight, hotel, car rental, or activity, and fill in the dates, time, & destination and then Search.

Redeem Ultimate Rewards through the Chase Ultimate Rewards Portal

4. Browse and select your results, then continue to confirmation.

Redeem Ultimate Rewards through the Chase Ultimate Rewards Portal

5. Follow the steps to continue payment, and then you're done!

Redeeming Ultimate Rewards Points for Cash Back Statement Credits

Travel isn't your thing? No worries, you can even redeem your Ultimate Rewards points for cash back! Cash back can be deposited into your bank account, or as a statement credit on your credit card bill at a rate of 1:10. For example, 2,000 Ultimate Rewards points = $20 cash back.

Here's how to redeem your Ultimate Rewards points as cash back:

1. Log in to your Ultimate Rewards account.

2. Hover over Use Points and then click on Get Cash Back.

Redeem Ultimate Rewards for Cash Back Statement Credits

3. Select how much cash back you would like and which account you would like to send it to.

Redeem Ultimate Rewards for Cash Back Statement Credits

Conclusion

Ultimate Rewards points are extremely valuable, because of their flexibility and the many opportunities you have to receive them. You will get the most value out of your Ultimate Rewards points by transferring them out to travel partners, but redeeming for travel through their online portal can still be a good option, especially for car rentals, cruises, and domestic flights.

Because of recent feedback on applications, it's in your best interest to apply for the Chase Sapphire Reserve℠ or the Chase Sapphire Preferred® Card before any other personal cards.

Here are some other key links concerning the Ultimate Rewards program:

Ultimate Rewards earning cards:

Chase co-branded travel cards:

How to Redeem Chase Ultimate Rewards Points for Flights, Hotels and Car Rentals
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