If you are a Chase travel credit card user, you probably want to know: Are my points worth anything good? Chase points are popular with travelers. But when it comes to figuring out—how much are Chase Points worth?, things can get a little confusing. The answer is quite simple: the chase points can be worth different amounts depending on how you use them.
This blog will help you understand Chase reward points and what you can really get with them.
A Little Glimpse Into Chase Points Worth
Chase rewards points are worth about 2 cents each on average. But this number changes based on what you do with your points. If you cash out your Chase points for money, you get 1 cent per point. So, 50,000 points = $500 cash. This is the easiest way to use points, but not the best way to get value. When you convert Chase points to dollars, you always get 1 cent per point. But smart users can get much more value than this.
And the cherry on top is that the Chase points never expire as long as you keep your card open and there are ongoing activities. This gives you time to find good deals. But if you close your account, you have 30 days to use your points or they disappear forever.
The Best Ways to Use Chase Points
The best value comes when you use points for travel. Chase travel credit card options like Sapphire cards let you book travel through Chase and get you 1.25 to 1.5 cents per point.
But there’s one thing to keep in mind: you get more value by moving your points to airlines and hotels. When you transfer Chase points to United or hotels like Hyatt, you might get 2 cents or more per point value. Isn’t that great?
For example, a $2,000 flight might cost only 80,000 points when you transfer Chase points to United. That makes each point worth 2.5 cents, which is clearly more than the 1 cent you get for cash.
Just like this, you can also move Chase to Virgin Atlantic points and other partners for great deals and values.
Easy Ways to Use Chase Reward Points
Not everyone wants to learn about airline transfers. Chase makes it simple with other options.
Pay Yourself Back Chase feature lets you use points to pay for things you already bought in the last 90 days. You usually get 1 to 1.25 cents per point this way. Many people talk about pay yourself back Chase Reddit tips for getting the most value.
You can also buy gift cards (1 cent per point) or shop on Amazon (0.8 cents per point). These are easy but not the best value.
Tips to Make Your Chase Travel Points Work Better
Use the Chase points value calculator to see which options give you the most value. Here are some tips that you can use:
- If you travel occasionally, then book through Chase at 1.25 or 1.5 cents per point. This beats cash and is simple.
- If you travel a lot, then learning how to transfer Chase points to Hyatt hotels or other airlines can help you get great deals. You can get 2+ cents per point value.
- If you want cash, use the “pay yourself back Chase” feature during special promotions. Sometimes, you can get more than 1 cent per point.
Also, watch out for deals like the Chase Air France transfer bonus. These deals can make your points worth even more.
Comparing Chase Rewards with Other Programs
When comparing Chase points vs Amex points, we have come to realize that both are good but different. Chase works better with United Airlines and Hyatt hotels. Amex works better with Delta Airlines and Hilton. Use a credit card points value calculator to compare different programs and see which gives you better value.
Bottom Line
Chase rewards are flexible and valuable. Whether you want cash, easy travel booking, or the best deals, Chase points can work for you. Remember that 1 cent per point is the worst value, not the best. With a little effort, most people can get much more from their Chase rewards.
These points are great because they work for everyone. If you’re new to credit card rewards, you can use Chase points for straightforward redemptions such as cash back, travel bookings through Chase’s travel portal, or gift cards. Those who have understood the system can find much higher value redemptions.
The real question is not just How Much Are Chase Points Worth? But “How much are they worth to you?” It depends on how you use them.
Frequently Asked Questions:
Log into your Chase account, go to Ultimate Rewards, select “Transfer to Partners,” choose Hyatt, enter the points amount, and confirm the transfer.
Most transfers happen right away, so you can book flights quickly. You can also connect with customer care agents if you face any issues.
40000 Southwest points are worth about $560 to $640 in flights, depending on which flights you book and when you travel.
No, Chase points never expire as long as you keep your Chase Travel credit card account open and in good standing with the bank.
No, you cannot transfer Chase points to another person. Points stay tied to your account only and cannot be moved or shared.
Transfer points to airline and hotel partners for best value. You can get 2+ cents per point instead of just 1 cent.
100 Chase points equal one dollar when you cash out. But transferring to partners can give you much better value than this rate.
Yes, you can use the Pay Yourself Back feature to cover purchases in certain categories. This usually gives you 1 to 1.25 cents value.
Chase Sapphire Reserve and other premium cards earn more points on travel and dining. Different cards have different bonus categories for earning.
Log in to your Chase online account or mobile app. Your Ultimate Rewards points balance shows on your credit card account summary page.
