How to earn and burn Chase Ultimate Rewards points

When you have either the Chase Sapphire Preferred, Chase Sapphire Reserve, or Ink Business Preferred, you can transfer the Chase Ultimate Rewards points you earn (with any card) to valuable Chase travel partners.

I made loads of searches and mock reservations to find a median range and value for some of the top Chase transfer partners. The ranges below are typical values for your points. It’s possible to get even more value if you’re redeeming for top properties or when hotels jack up their cash rates..

Hotel partners

• Hyatt – 1.5 cents average
• IHG – 0.5 cents average
• Marriott – 0.8 cents average

Note: Transferring your Chase points to Marriott and IHG is almost always a bad deal. You’re likely better off using your points to book hotels through the Chase Ultimate Rewards Travel Portal.

Airline partners

• British Airways – 1.4 cents average
• Southwest – 1.5 cents average
• United Airlines – 1.3 cents average

Depending on your situation, you may value the points differently. Each Chase transfer partner has attributes that might be more important to you than monetary value.