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Chase Ultimate Rewards
Chase Ultimate Rewards is the transferable currency built around one outrageous sweet spot: Hyatt. You earn it on the Sapphire and Ink family, and you move it 1:1 to 10 airline and 4 hotel partners - every single one at a clean 1:1, with no oddball ratios to decode. Hyatt is the reason most people hold UR at all, but United, Southwest, Aeroplan, and the Avios family give it real airline range too. Find the award first; transfers are instant and one-way.
Experiences
Chase Experiences — Points or cash →Sweet spots
Where your points punch above their weight.
Where this currency genuinely shines.
Show me the picks →
Sweet spots
Where your points punch above their weight.
Where this currency genuinely shines.
- Hyatt (1:1) - the crown jewel; top Park Hyatt and Alila resorts that cost 600 dollars-plus a night go for 35k to 45k points. Nothing else in the transferable world touches it.
- Air Canada Aeroplan (1:1) - free stopover, no fuel surcharges on many partners, strong Star Alliance business-class pricing.
- British Airways / Avios (1:1) - short-haul off-peak from the US East Coast to Europe and within regions for very few points.
- Virgin Atlantic (1:1) - ANA first class and Delta One sweet spots when award space appears.
- Southwest (1:1) - no change fees, no award-chart games, and the Companion Pass stretches points further.
Transfer out
14 places to send these points. Where the currency goes.
14 programs this transfers out to.
Meet the partners →
Transfer out
14 places to send these points. Where the currency goes.
14 programs this transfers out to.
Chase Ultimate Rewards transfers points or miles OUT to these programs.
| To | Ratio | Notes |
|---|---|---|
| Aer Lingus AerClub | 1:1 | 1,000 UR = 1,000 Avios (AerClub) |
| Air Canada Aeroplan | 1:1 | 1,000 UR = 1,000 Aeroplan points (Air Canada) |
| Avios | 1:1 | 1,000 UR = 1,000 Avios (The British Airways Club) |
| Flying Blue | 1:1 | 1,000 UR = 1,000 Flying Blue miles (Air France-KLM). 20% bonus active as of 2026-05-18. |
| Club Iberia Plus | 1:1 | 1,000 UR = 1,000 Avios (Iberia Club) |
| JetBlue TrueBlue | 1:1 | 1,000 UR = 1,000 TrueBlue points |
| Singapore KrisFlyer | 1:1 | 1,000 UR = 1,000 KrisFlyer miles (Singapore Airlines) |
| Southwest Rapid Rewards | 1:1 | 1,000 UR = 1,000 Rapid Rewards points. 30% bonus active as of 2026-05-18. |
| United MileagePlus | 1:1 | 1,000 UR = 1,000 MileagePlus miles |
| Virgin Atlantic Flying Club | 1:1 | 1,000 UR = 1,000 Virgin Points (base 1:1). LIMITED: 30% transfer bonus June 9 - July 14, 2026 - 1,000 UR = 1,300 Virgin Points. Best for ANA and Delta One sweet spots; only transfer with a redemption in mind. Reverts to 1:1 after July 14, 2026. |
| Hyatt | reserve1:1 preferred4:3 | World of Hyatt transfers are card-specific as of 2026: Sapphire Reserve keeps 1:1 (1,000 UR = 1,000 Hyatt); Sapphire Preferred and Ink Business Preferred transfer at 4:3 (1,000 UR = 750 Hyatt). The 4:3 cut applies immediately to new applicants (2026-06-15) and from 2026-10-01 for existing cardholders. Cash-earner Chase cards (Freedom, Ink Cash/Unlimited) reach Hyatt by pooling into a premium card first. |
| IHG One Rewards | 1:1 | 1,000 UR = 1,000 IHG One Rewards points |
| Marriott Bonvoy | 1:1 | 1,000 UR = 1,000 Marriott Bonvoy points. 55% bonus active as of 2026-05-18. |
| Wyndham Rewards | 1:1 | 1,000 UR = 1,000 Wyndham Rewards points. New partner as of 2026. |
How to spend
The high-leverage moves. Read this before you transfer a single mile.
The smart-money plays.
Get the playbook →
How to spend
The high-leverage moves. Read this before you transfer a single mile.
The smart-money plays.
- Transfer to Hyatt - the single best use of the currency (see sweet spots).
- Transfer to airline partners for premium-cabin awards (Aeroplan, Flying Blue, Avios, Virgin Atlantic).
- Book through Chase Travel at 1 to 1.5 cents per point depending on your card (Sapphire Reserve redeems at the top rate).
- Cash back and gift cards at 1 cent - a fine floor, but you leave value on the table versus transfers.
Tips & quirks
Stopover rules, surcharges, the stuff nobody tells you until you've been burned once.
The fine print, decoded.
Spill the gotchas →
Tips & quirks
Stopover rules, surcharges, the stuff nobody tells you until you've been burned once.
The fine print, decoded.
- Every partner is 1:1 - no ratio surprises, which makes Chase the easiest currency to reason about.
- You must hold a card that earns transferable points (Sapphire Preferred/Reserve or an Ink business card) to move points to partners; Freedom-only points must first be combined into a premium-card account.
- Transfers are instant for nearly all partners and one-way / final.
- Points can be pooled with one household member - handy for topping up an award.
- No transfer fees or taxes on any partner.
Cards that earn into Chase Ultimate Rewards
Cards that earn Chase Ultimate Rewards directly, or that transfer into it from a flexible-currency program.
Alerts
Chase to IHG: 100% Transfer Bonus Through July 30
Chase Ultimate Rewards to IHG One Rewards has a 100% transfer bonus through July 30 (then 70% through August). IHG points are a soft currency, so it is only worth it if you have a specific IHG stay in mind.
Dinner and a Show for Free?
Chase and OpenTable have again expanded the number of restaurants available for this benefit, and the changes are significant, with over 90 new outlets. Disappointingly, over sixty restaurants have been removed without notice.
Stack Up to $100 Paze Cash Back With 10x Chase Points, and Your Dunkin Run Is Free
Two stacking offers make everyday checkout pay: through September 10, Paze gives $10 back every time you spend $10 or more (up to $100 per card, no enrollment), and through December 31, eligible Chase Sapphire and Freedom cards add a targeted 10x bonus points at Paze checkout. Pay for a $10 Dunkin run with Paze on your Sapphire and it comes back free, plus points.
Chase Freedom Q3 2026: 5% on Gas & EV, Transit, Live Entertainment, and United Way
Time to re-activate. From July 1 through September 30, Chase Freedom and Freedom Flex cardholders earn 5% back (5x Ultimate Rewards points) on gas stations and EV charging, public transit, select live entertainment, and United Way donations - on up to $1,500 in combined spending. Do not forget the catch that trips people up every quarter: you have to activate before you earn.
Last reviewed: July 2026
Loyalty programs change rules, fees, transfer ratios, and award pricing all the time — sometimes without warning. We do our best to keep these pages current, but the program's own site is always the final word. Always confirm specifics directly with Chase Ultimate Rewards before transferring miles or booking an award. Treat anything on this page as a starting point, not a guarantee. Crazy4Points is not responsible for actions taken based on information here — see our Terms of Service for full details.