This past week, TPG reader Hareesh tweeted me to ask:
“@thepointsguy Is it better to redeem Ultimate Rewards directly through the Chase portal, or should you transfer points to a partner and then redeem?”When you redeem Ultimate Rewards (earned from Chase credit cards like the Sapphire Preferred, Ink Bold Ink Plus, Chase Freedom, and Sapphire) through the Ultimate Rewards travel portal, your points are generally worth 1.25 cents apiece towards airfare and hotels. I wouldn’t recommend redeeming Chase points this way, considering that you can get much more value by transferring to Chase travel partners like Hyatt or United.
Note that even Amex Platinum will give you 1 cent per point – or 1.25 cents if you have the Amex Business Platinum card. You may instead want to use a card like the Barclaycard Arrival Plus, which gives you 2.2% back for every dollar spend, since you get 2 points per dollar spent on every single purchase and a 10% rebate when you redeem points for travel.
The glory of the points and miles game is learning how to leverage transfer partners for amazing redemptions. For instance, you might find a $5,000 business class award for only 100,000 miles, which gives you 5 cents per point in value. (Of course, you may not receive that full 5 cents in value, because you wouldn’t actually have spent the $5,000, but that doesn’t make the reward any less sweet!) Most frequent flyer awards are still based on regions, which means (for example) that you can fly from anywhere in America to anywhere in Europe for the same set amount of miles.
Learn how to leverage all of the travel partners for Chase Ultimate Rewards, and I can almost guarantee you’ll end up getting 2 cents per point in value. It’s a lesson that’s well worth your time!
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