Sell Chase Ultimate Rewards Points
Convert Chase Ultimate Rewards points from cards like Sapphire Preferred and Reserve.
We pay 1.54¢ to 1.72¢ per point, depending on balance. See all our rates
Supported Cards:
Chase Sapphire Reserve
Chase Sapphire Preferred
Chase Ink Business Preferred
About Chase Ultimate Rewards
Chase Ultimate Rewards points earned on Sapphire and Ink cards transfer 1:1 to airline partners such as United, Aeroplan and British Airways, or redeem for cash at a fixed rate. Selling them is a way to get more than the fixed cash-out value without hunting for award flights.
See what Chase Ultimate Rewards points are worth, check the transfer partner matrix, or read our guide to selling credit card points for how selling compares to cashing out or transferring.
The Chase Ultimate Rewards program explained
Chase Ultimate Rewards is the points program behind the Sapphire, Ink and Freedom cards. Every card earns the same points, but only the cards with an annual fee (Sapphire Preferred, Sapphire Reserve, Sapphire Reserve for Business and Ink Business Preferred) can transfer them to Chase's ten airline and four hotel partners. Points from the no-fee Freedom and Ink Cash or Unlimited cards are worth a flat cent each until they are combined into one of those premium cards, which most cardholders do.
The program was reshaped twice in a year. The June 2025 Sapphire Reserve refresh raised the fee to $795, added a long list of credits and replaced the old fixed 1.5 cents on Chase Travel with "Points Boost", a rotating set of flights and hotels worth up to 2 cents a point. The June 2026 Sapphire Preferred refresh kept the $95 fee, added credits and ended the 10 percent anniversary bonus, and cut the World of Hyatt transfer ratio to 4:3 on the Preferred and Ink Preferred. The transfer partner matrix shows where the points go; this page explains what they are worth once they get there.
Written and reviewed by the Points Plug team. Last reviewed .
Cards that earn Chase Ultimate Rewards points
| Card | Annual fee | Earning | Transfers to airlines |
|---|---|---|---|
| Chase Sapphire Reserve | $795 | 8x Chase Travel, 4x flights and hotels booked direct, 3x dining, 1x elsewhere | Yes |
| Chase Sapphire Reserve for Business | $795 | 8x Chase Travel, 4x flights and hotels direct, 3x social media and search advertising, 1x elsewhere | Yes |
| Chase Sapphire Preferred | $95 | 5x Chase Travel, 3x dining, 3x gas and EV charging, 3x streaming and online grocery, 2x other travel, 1x elsewhere | Yes |
| Ink Business Preferred | $95 | 3x on the first $150,000 a year in shipping, advertising, travel and internet, cable and phone, 1x elsewhere | Yes |
| Chase Freedom Unlimited | $0 | 1.5 percent on everything, 3 percent dining and drugstores, 5 percent Chase Travel | Only when combined |
| Chase Freedom Flex | $0 | 5 percent on rotating quarterly categories up to $1,500, 3 percent dining and drugstores, 1 percent elsewhere | Only when combined |
| Ink Business Cash | $0 | 5 percent on the first $25,000 a year at office supply stores and on internet, cable and phone, 2 percent gas and restaurants | Only when combined |
| Ink Business Unlimited | $0 | 1.5 percent on everything | Only when combined |
What each redemption returns
| Redemption | Value per point | Notes |
|---|---|---|
| Cash back or statement credit | 1.0¢ | Every rewards agreement states 100 points equal $1, paid as a statement credit or deposit to a Chase account. |
| Chase Travel, standard bookings | 1.0¢ | Base value for flights, hotels and cars booked through Chase Travel on any card. |
| Chase Travel, Points Boost (Sapphire Reserve) | up to 2.0¢ | Rotating offers on select premium airline fares and top hotels including The Edit. Offers refresh periodically, so the list of qualifying bookings changes. |
| Chase Travel, Points Boost (Preferred, Ink Preferred) | up to 1.5¢ | Same mechanism at a lower boost: Chase says Sapphire Preferred points are worth up to 1.5x on top-booked hotels and flights with select airlines, and lists Ink Preferred among the eligible cards without a separate rate. |
| Legacy 1.5¢ on Chase Travel (Sapphire Reserve) | 1.5¢ | Only for points earned before October 26, 2025 by members who applied before June 23, 2025, and only until October 26, 2027. |
| Pay Yourself Back | from 1.0¢ | Statement credits against specific categories. The current categories and any boosted rates sit behind login and are not on Chase's public pages. |
| Gift cards | 1.0¢ | Occasional discounts on select brands. |
| Amazon Shop with Points | 0.8¢ | Stated on the Freedom and Ink card pages. The weakest published redemption. |
| Transfer to airline and hotel partners | varies | Worth whatever the award is worth; see the valuation page for the published range and the partner pages for what each mile returns. |
Compare these with the published valuations for Chase Ultimate Rewards points and with a cash quote.
How transfers to airlines work
- Only Sapphire Preferred, Sapphire Reserve, Sapphire Reserve for Business and Ink Business Preferred (plus the legacy J.P. Morgan Reserve and Ink Plus) can transfer. Points on Freedom and Ink Cash or Unlimited cards must first be combined into one of those cards.
- Airline partners: Aer Lingus AerClub, The British Airways Club, Air France KLM Flying Blue, Iberia Club, JetBlue TrueBlue, Singapore KrisFlyer, Southwest Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club and Air Canada Aeroplan, all at 1:1. Hotels: IHG One Rewards, Marriott Bonvoy and Wyndham Rewards at 1:1, and World of Hyatt at 1:1 on the Reserve cards but 4:3 on the Preferred and Ink Preferred (new applicants from June 15, 2026; existing cardholders from October 1, 2026).
- Transfers go in 1,000-point increments, with no fee, and only to a loyalty account in your own name or that of one designated household member. The name on the loyalty account must match.
- Chase says most transfers process by the next business day but can take up to seven business days. It does not publish per-partner times; United, British Airways, Flying Blue and Aeroplan transfers are usually instant in practice.
- Transfers are final. Chase's agreements say transferred points cannot be refunded and the transaction cannot be cancelled, so confirm award availability before moving points.
- Points can be combined between your own Ultimate Rewards cards and with one member of your household through the "Combine Points" tool, which is how Freedom points become transferable.
Best ways to use Chase Ultimate Rewards points
- World of Hyatt transfers from a Sapphire Reserve at 1:1, still the most reliable high-value use of the currency, with the 4:3 ratio on the Preferred and Ink Preferred reducing but not removing that value.
- United MileagePlus for Star Alliance partner business class, which United prices without fuel surcharges; see the United award chart reference.
- Air Canada Aeroplan and Air France KLM Flying Blue for Star Alliance and SkyTeam premium cabins to Europe and Asia, both with frequent transfer bonuses.
- Points Boost fares on a Sapphire Reserve when a qualifying premium-cabin ticket or Edit hotel appears at up to 2 cents, which beats most transfers for members who want a specific paid fare.
- Cash at 1 cent as the floor: there is never a reason to redeem Ultimate Rewards for less, which is what Amazon and most gift cards do.
What to watch out for
- The fixed 1.5 cents on Chase Travel is gone for new Reserve members. Points Boost values depend on which fares Chase is promoting that month, and Chase changed the mix in early 2026.
- The Sapphire Reserve's $795 fee is only worth paying if you use most of the credits; a member who does not will earn less net value than on the $95 Preferred.
- Since October 1, 2026, Hyatt transfers from the Preferred and Ink Preferred lose a quarter of their value for existing cardholders too, and the Preferred's 10 percent anniversary bonus no longer applies to purchases made after that date.
- A closed account gives you 30 days to use the points; an account closed for program misuse forfeits them immediately.
- The transfer partner list is the shortest of the four big US programs: no American, Delta, Alaska, Cathay, Emirates, Qatar or Turkish transfers, and no Hilton.
What the terms say about your points
- Points are worth a cent each in cash and do not expire while the account is open and in good standing.
- You can move points only to your own Ultimate Rewards cards, to one household member's card, or to a partner loyalty account in your name or that member's name. Points cannot pass by inheritance, bankruptcy or divorce.
- The rewards agreements list "buying or selling points" and selling travel or gift cards obtained with points as program misuse, which allows Chase to close the account and cancel all points. Members who sell should understand that risk before accepting a quote.
- Points transferred to a partner become that program's currency and are governed by its rules, including its expiry policy.
Should you sell Chase Ultimate Rewards points?
Keep the points if you hold a Sapphire Reserve and book Hyatt stays or Star Alliance business class a few times a year: those redemptions return two cents or more, and the published valuations of 1.5 to 2 cents assume you do.
Consider selling if your balance comes mostly from Freedom or Ink Cash spending and you would otherwise cash out at a cent, or if you are about to close the premium card that makes transfers possible. The cash floor of one cent is the number a quote has to beat; get a quote and compare.
Sources
- Chase: transfer points with Ultimate Rewards (partners and rules) · official page
- Chase Travel: Points Boost offers · official page
- Sapphire Reserve rewards program agreement (October 2025) · official page
- Chase press release: Sapphire Reserve refresh (June 23, 2025) · official page
- Chase press release: new Sapphire Preferred (June 15, 2026) · official page
- Chase Sapphire Reserve card page · official page
- Chase Sapphire Preferred card page · official page
- Ink Business Preferred card page · official page
- Chase: Sapphire Points Boost benefits guide (December 22, 2025) · official page
Transferred Chase Ultimate Rewards points to an airline by mistake?
Chase will not reverse a transfer, but the miles can still be used, shared or sold. Each page below quotes Chase's rule, shows what the miles are worth now and how to sell them:
Chase Ultimate Rewards FAQ
- How do I sell Chase Ultimate Rewards points?
- Enter your Chase Ultimate Rewards balance in the quote form on this page for an instant cash offer. Accept the offer and our team contacts you to complete the transaction.
- Which cards earn Chase Ultimate Rewards points?
- Points from cards such as Chase Sapphire Reserve, Chase Sapphire Preferred, Chase Ink Business Preferred can be sold through Points Plug.
- What is the minimum number of Chase Ultimate Rewards points I can sell?
- We buy Chase Ultimate Rewards points from 100,000 points. We pay 1.54¢ to 1.72¢ per point, rising with balance size, and publish every rate on our rates page.
- How long does it take to get paid for Chase Ultimate Rewards points?
- Most transactions complete within 24-48 hours of accepting an offer, with payment sent through your preferred method.
- How much is a Chase Ultimate Rewards point worth?
- One cent in cash or gift cards, up to two cents on Points Boost bookings with a Sapphire Reserve, and one and a half cents on legacy Reserve points redeemed on Chase Travel until October 2027. Published valuations put the average at 1.5 to 2 cents because of transfers to Hyatt and airline partners.
- Can I transfer Chase points from a Freedom card to airlines?
- Not directly. Freedom Unlimited, Freedom Flex, Ink Cash and Ink Unlimited points must first be combined into a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred account, which can then transfer them at 1:1. Ink Business Premier points cannot be moved at all.
- Do Chase Ultimate Rewards points expire?
- No, not while the card account is open and in good standing. If you close the account voluntarily you have at least 30 days to use them; closure for misuse forfeits them immediately.
- Which Chase transfer partner gives the best value?
- World of Hyatt at 1:1 from a Sapphire Reserve is the most consistent, followed by United, Aeroplan and Flying Blue for premium-cabin flights. Southwest and JetBlue transfers are worth close to a cent and a half at most, so cash or Points Boost often beats them.
- Did Chase remove the 1.5x travel redemption on the Sapphire Reserve?
- Yes, for new members from June 23, 2025 and for everyone's newly earned points from October 26, 2025. It was replaced by Points Boost, which is worth up to 2 cents on select fares and hotels but 1 cent on everything else. Points earned before October 26, 2025 by earlier members keep 1.5 cents until October 26, 2027.
