For a limited time, Chase Sapphire Preferred Card is offering an increased welcome bonus of 60,000 Chase Ultimate Rewards points when you spend at least $4,000 in the first 3 months.
Check out our best credit card bonuses here.
Read below for more information on what you can get for 60k Ultimate Rewards Points.
Chase Ultimate Rewards Quick Facts
Credit Cards | Chase Freedom Flex Chase Freedom Unlimited Chase Sapphire Preferred Card Chase Sapphire Reserve Ink Business Cash Credit Card Ink Business Unlimited Credit Card Ink Business Preferred Credit Card |
Redemption Options | Award travel, statement credits, direct deposits, gift cards, Amazon purchases, Apple purchases, transfers to travel partners |
Average Point Value | $0.02 |
Earning Ultimate Rewards Points
Chase offers 4 personal credit cards and 3 business credit cards that earn you Ultimate Rewards points. Additionally, there are 2 different tiers of Ultimate Rewards cards. Basic cards will be able to earn Ultimate Rewards points that don’t hold as much value and aren’t transferable. We will focus on the higher-tier Ultimate Rewards cards:
The Chase Sapphire Preferred® Card offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase TravelSM. You'll earn: • 5x on travel purchased through Chase TravelSM • 3x on dining, select streaming services and online groceries • 2x on all other travel purchases • 1x on all other purchases • $50 Annual Chase Travel Hotel Credit Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase TravelSM This card carries a $95 annual fee. |
The Chase Sapphire Reserve offers 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase TravelSM. You'll earn • 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Travel immediately after the first $300 is spent on travel purchases annually. • 3x points on other travel and dining • 1 point per $1 spent on all other purchases Get 50% more value when you redeem your points for travel through Chase Travel. This card does carry a $550 annual fee and there are no foreign transaction fees. However, you're able to earn a $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year & up to $100 application fee credit for Global Entry or TSA Pre✓®. Member FDIC |
The Ink Business Preferred® Credit Card offers 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,250 toward travel when redeemed through Chase TravelSM. You'll earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year; 1 point per $1 on all other purchases - with no limit to the amount you can earn. Furthermore, points are worth 25% more when you redeem for travel through Chase TravelSM. This card does come with a $95 annual fee but does not have any foreign transaction fees. |
There are several ways to earn Chase Ultimate Rewards points. For more details click here.
Best Ways to Redeem Ultimate Rewards Points
The value of your Ultimate Rewards points will vary. However, your two best redemption options will be:
Use your Ultimate Rewards points to book flights, hotel stays, rental cars, cruises, and experiences with Ultimate Rewards travel portal.
But, how much will you get for your points this way? This will depend on which Ultimate Rewards card you carry:
Credit Card | Point Value | Value of 60k Points |
Sapphire Reserve | $0.015 | $900 |
Sapphire Preferred | $0.0125 | $750 |
Ink Business Preferred | $0.0125 | $750 |
This is the easiest option to make the most out of your Ultimate Rewards points. Just book your travel as you normally would, with no blackout dates to work around.
If you want the best value for your points, we recommend you to transfer towards a partner loyalty program at a 1:1 transfer ratio.
Plus, if you take the time to strategize your redemptions, you’ll be able to receive the best value for your Ultimate Rewards points.
Airline Parners:
- Aer Lingus
- Air France/KLM
- British Airways
- Emirates
- Iberia
- JetBlue
- Singapore Airlines
- Southwest Airlines
- United Airlines
- Virgin Atlantic
Hotel Partners:
- Hyatt
- IHG
- Marriott
Best Ultimate Rewards Transfer Points
Chase Ultimate Rewards is one of the most versatile and valuable point programs around. This is due to their ability to transfer to 13 airline and hotel partners.
Here are some of our favorite Ultimate Rewards travel partners and their sweet spots that cost less than 60k Ultimate Rewards points:
British Airways comes with great deals on partner award flights within and from the United States. Here are some itineraries we like the most:
Flight Details | Airline | Points/Avios |
Short flights within N. America Roundtrip | Economy |
Alaska Airlines American Airlines |
15,000 |
U.S. West Coast to Hawaii Roundtrip | Economy |
Alaska Airlines American Airlines |
25,000 |
U.S. East Coast to Ireland Roundtrip | Economy |
Aer Lingus | 26,000 |
Boston/Chicago/New York to Madrid Roundtrip | Economy |
Iberia | 34,000 |
Miami to Madrid Roundtrip | Economy |
Iberia | 42,500 |
U.S. East Coast to Ireland One Way | Business |
Aer Lingus | 50,000 |
U.S. West Coast to Japan Roundtrip | Economy |
American Airlines Japan Airlines |
50,000 |
Transcontinental U.S. One Way | First |
American Airlines | 51,500 |
The World of Hyatt program comes with an award chart that can be easy on your points:
Currently, you’ll be able to stay one night at a Premium Suite in a Category 7 hotel starting at 30,000 points. Brands like the Park Hyatt, Andaz, and Hyatt Residence Club are all Category 7 hotels. The amount of points needed are subject to change. So check redemption costs here. With 60k points, you’ll be able to get no more than 2 nights.
We recommend the following award itineraries from Iberia:
Flight Details | Airline | Points/Avios |
New York to Madrid Roundtrip | Economy |
Iberia | 34,000 |
New York to Madrid One Way | Business |
Iberia | 34,000 |
Los Angeles to Madrid Roundtrip | Economy |
Iberia | 42,500 |
Los Angeles to Madrid One Way | Business |
Iberia | 42,500 |
Miami to Casablanca One Way | Business |
Royal Air Maroc | 46,000 |
If you have a Southwest Campion Pass, you should transfer your Ultimate Rewards points to Southwest Rapid Rewards. For a single award ticket, you can redeem about $0.015 per point. However, with the Companion Pass, it’ll double the point value to $0.03 every point.
Additionally, you’ll benefit from no fees for your first 2 checked bags and no change for cancellation fees. There are taxes and fees for your award travel. However, they will only cost you $5.60 per one-way flight.
Conclusion
The best way for you to use your Ultimate Rewards points is to redeem them for travel with the Ultimate Rewards travel portal. Now, depending on your Ultimate Rewards card, this option will give you a point value of up to $0.015.
However, if you want a more valuable option, transfer your points to a partner loyalty program. Even though this process is more complicated, you’ll be able to get no more than $0.03 every point this way.