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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. Almost every partner is a clean 1:1. The one exception is Hyatt: it stays 1:1 on the Sapphire Reserve but drops to 4:3 on the Sapphire Preferred and Ink Business Preferred (existing cardholders from October 1, 2026). 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 - 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. Transfers are 1:1 from the Sapphire Reserve; the Sapphire Preferred and Ink Business Preferred moved to 4:3.
- 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 |
|---|---|---|
| 1:1 | 1,000 UR = 1,000 Avios (AerClub) | |
| 1:1 | 1,000 UR = 1,000 Aeroplan points (Air Canada) | |
| 1:1 | 1,000 UR = 1,000 Avios (The British Airways Club) | |
| 1:1 | 1,000 UR = 1,000 Flying Blue miles (Air France-KLM). 20% bonus active as of 2026-05-18. | |
| 1:1 | 1,000 UR = 1,000 Avios (Iberia Club) | |
| 1:1 | 1,000 UR = 1,000 TrueBlue points | |
| 1:1 | 1,000 UR = 1,000 KrisFlyer miles (Singapore Airlines) | |
| 1:1 | 1,000 UR = 1,000 Rapid Rewards points. 30% bonus active as of 2026-05-18. | |
| 1:1 | 1,000 UR = 1,000 MileagePlus miles | |
| 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. | |
reserve1:1 preferred4:3 | Sapphire Reserve keeps 1:1; Sapphire Preferred and Ink Business Preferred moved to 4:3 (new applicants now, existing cardholders from Oct 1, 2026). | |
| 1:1 | 1,000 UR = 1,000 IHG One Rewards points | |
| 1:1 | 1,000 UR = 1,000 Marriott Bonvoy points. 55% bonus active as of 2026-05-18. | |
| 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.
- Almost every partner is 1:1. The one exception is Hyatt, which is 1:1 on the Sapphire Reserve but 4:3 on the Sapphire Preferred and Ink Business Preferred (existing cardholders from October 1, 2026).
- 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.
Frequently asked questions
- What can I transfer Chase Ultimate Rewards points to? Airline and hotel partners at 1:1, including United, Southwest, Air Canada Aeroplan, British Airways Avios, Virgin Atlantic, World of Hyatt, Marriott Bonvoy, and IHG. The one exception is Hyatt from the Sapphire Preferred and Ink Business Preferred, which moved to 4:3 for existing cardholders on October 1, 2026 (the Sapphire Reserve stays 1:1).
- What is the best use of Chase Ultimate Rewards points? World of Hyatt. Top Park Hyatt and Alila resorts often price at 35,000 to 45,000 points a night, and nothing else in the transferable-points world matches that. Transfers are 1:1 from the Sapphire Reserve.
- Which airline partners are the best sweet spots for Chase points? Air Canada Aeroplan (free stopovers and strong Star Alliance business-class pricing), British Airways Avios (short-haul off-peak flights), Virgin Atlantic (ANA First and Delta One when space appears), and Southwest (no change fees or award-chart games).
- Do I need a specific Chase card to transfer points to partners? Yes. You must hold a card that earns transferable points (Sapphire Preferred, Sapphire Reserve, or an Ink business card). Points earned on a Freedom card must first be combined into one of those premium accounts.
- Are there fees to transfer Chase points? No. There are no transfer fees or taxes on any partner, and transfers are instant and one-way. You can also pool points with one household member to top up an award.
Alerts
Chase to Hyatt Transfers Drop to 4:3 on October 1: Lock the 1:1 Rate Before Sept 30
Chase Ultimate Rewards drops to a 4:3 transfer ratio to World of Hyatt on October 1, 2026 for Sapphire Preferred and Ink Business Preferred cardholders (Sapphire Reserve keeps 1:1). If you use Hyatt, move points before September 30 to lock 1:1: Hyatt already did its 2026 devaluation and does not change categories again until spring 2027.
Chase Ink Cash and Unlimited Hit 100,000 Points, Both With No Annual Fee
Both no annual fee Chase Ink cards are offering 100,000 Ultimate Rewards after $8,000 of spending in 4 months, with no published end date.
The US Open Is On: Free Fan Week, Plus Chase and Amex Lounges
The US Open runs through September 13 in New York, and there are easy wins right now: free Fan Week this week, plus member lounges if you hold Chase or Amex.
Chase Tightened a Sapphire Reserve 'Edit' Credit Trick: Here's How to Still Get All $500
Chase now treats back-to-back stays at the same hotel as one stay for the Sapphire Reserve's two $250 Edit credits, but you can still pocket the full $500 a year by booking your two stays the right way.
Chase Points to Aeroplan: 20% Transfer Bonus Through Sept 30
Chase is handing out a 20% bonus when you move Ultimate Rewards points to Air Canada Aeroplan through September 30, one of the best reasons all year to top off a Star Alliance award.
Chase Sapphire Lounges Drop Priority Pass Aug 15 - Good News If You Hold the Reserve
Starting August 15, 2026, Chase Sapphire Lounges leave the Priority Pass and LoungeKey networks. Sapphire Reserve cardholders keep full access and gain more pre-flight time; Priority Pass holders from other cards lose entry.
Marriott Bonvoy Credit Cards Offering Elevated Welcome Bonuses: Up to 150,000 Points Plus $250 Credit
Several Marriott Bonvoy cards have elevated welcome offers: the Amex Brilliant at 150,000 points plus a $250 statement credit, and the Chase Boundless at 4 Free Night Awards.
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.
Archived alerts
Past offers for Chase Ultimate Rewards — searchable, click to view the original.
- ExpiredChase Points Now Transfer to IHG With a 70% Bonus, Through August 31transfer bonus · ended Aug 31, 2026
Last reviewed: August 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.