One of the main benefits of Chase Ultimate Rewards points is that you can transfer them out to partners if you have the Chase Sapphire Preferred, Chase Sapphire Reserve, or the Chase Ink Preferred.
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Chase Ultimate Rewards transfer at a rate of 1:1. On average, you can get up to two cents per point when you use transfer partners.
If you're looking for the most value possible, then airline partners are the way to go for first class redemption. This also works well for last minute flights.
The way I redeem points for "best value" is hotels because everyone in your travel group can benefit.
For example, if I transfer my Ultimate Rewards points to United:
- United Polaris (US to Asia) is 70k one-way, per person
- 70k Chase points => 70k United points
On the other hand, if I transferred my Ultimate Rewards points to Hyatt:
- Hyatt Category 7 (top tier) is 30k, per night.
- 30k Chase points => 30k Hyatt points.
For the cost of a round trip United Polaris flight to Asia, I can get four nights at a top tier Hyatt property.
- Park Hyatt: NYC, Paris-Vendome, Tokyo, Sydney
- Hyatt Residence: Maui, Big Sur, Lake Tahoe, Aspen
IHG is not an ideal transfer partner because of the cost of the points, and you typically need more points for a redemption.
In my experience, Hyatt has the best redemption value for transfer partners. The Category 1 Hyatt properties start at 5,000 Hyatt points.
Category 1 = 5,000 Hyatt points / 5,000 Chase UR points
- $100 a night / 5k points = 2 cents per point
- $200 a night / 5k points = 4 CPP
Check out the video below for more redemption ideas.