The ultimate guide to Chase pay with points

Apr 27, 2020

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Chase Ultimate Rewards have been near the top of TPG’s monthly valuation of points and miles for as long as I can remember, earning the lofty valuation of two cents apiece. Much of that value is derived from the flexibility of the 10 airline and three hotel transfer partners, spanning all three major airline alliances as well as a number of great non-alliance airlines. However, transfer partners are only useful if you can actually find award space.

Delta, Alaska and American jets on a taxiway at Seattle/Tacoma International Airport. (Image courtesy of the Port of Seattle)
Delta, Alaska and American jets on a taxiway at Seattle/Tacoma International Airport. (Image courtesy of the Port of Seattle)

If you’re flying on a competitive, premium route, traveling during peak holiday times, or simply don’t have the time, energy or comfort level needed to find award space with an airline partner, booking your tickets directly through your credit card’s travel portal may be a more appealing option. Not only do most issuers allow you to redeem points for these travel portal redemptions, but some also even give you a bonus or rebate for doing so.

Today we’re going to take a look at everything you need to redeem Ultimate Rewards points through the Chase travel portal.

Sign up for the TPG daily newsletter to get points and miles coverage like this delivered to your inbox.

In This Post

Which cards offer a pay with points bonus?

If you have any Ultimate Rewards earning credit card (or even cash-back cards such as the Chase Freedom® (No longer open to new applicants) or  Chase Freedom Unlimited®) you can redeem your points at a rate of one cent each directly through the Chase Ultimate Rewards travel portal — but since that’s much lower than TPG’s valuation of Ultimate Rewards points at 2 cents each, this isn’t usually the best option.     

However, three of Chase’s top credit cards offer bonuses that can help sweeten the deal:

The information for the Chase Freedom has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.     

Unlike the pay with points rebates you’ll find on certain Amex cards, these bonuses apply immediately at the time of purchase, with no annual caps or limits. In fact, you’ll see the pay with points bonus reflected in your search results so there’s no ambiguity. It’s also worth noting that unlike Amex, Chase doesn’t limit this bonus to specific, eligible flights. You can receive your pay with points bonus any time you book travel through the Chase Ultimate Rewards portal, whether it’s flights in any cabin with any airline, hotels, rental cars, excursions and more.

Thanks to my Chase Sapphire Reserve, my points are worth 50% more when redeeming for travel through the Chase portal

When should you pay with points?

Pay with points can be a great option if your desired flight doesn’t have any award space available, but it can also be a great deal if you find a cheap fare sale that you want to take advantage of without actually spending any cash. Flights booked through the Chase portal code as revenue flights, meaning you’ll earn both elite and redeemable miles on them — unlike on standard award tickets.

Further Reading: How to get more than 1.5 cents in value from ultimate rewards points

Even if you can find award space, you’ll want to check the cash price as well to see whether you would come out ahead transferring points to a partner or booking directly through the Chase portal.

While we don’t yet know when it will be safe to travel again, there’s no harm in exploring future flights to see what’s out there. I was able to find a one-way ticket from Boston (BOS) to Frankfurt (FRA) with a stop in Lisbon (LIS) on Star Alliance carrier TAP Portugal for just $186.83, or 12,455 points if you hold a Chase Sapphire Reserve (about ~15,000 if you have a Sapphire Preferred or Ink Preferred).

Your cheapest option for a one-way economy flight to Europe on Star Alliance carriers would involve transferring 30,000 points to United MileagePlus. Booking through the Chase portal gives you the same ticket for less than half as many miles, and you’ll earn miles on this flight.

This strategy can also be great for travelers looking to qualify for airline elite status but still enjoy a comfortable seat on longer trips. Korean Air has some pretty decent business-class fares to southeast Asia, including a ~$3,000 round-trip ticket from Los Angeles (LAX) to Singapore (SIN). This certainly isn’t the world’s cheapest ticket ever, but at just over 200,000 Ultimate Rewards points, it’s not a bad deal, either, especially since you can pick almost any dates on the calendar without hunting for award space.

Further Reading: Complete guide to airline elite status during the coronavirus outbreak

What makes this redemption even sweeter though is the incredible return you’d get on a flight like this. This trip covers about 17,700 flight miles, and if you credited it to Delta SkyMiles you’d earn the following:

  • Redeemable miles: 35,444 (worth $425 based on TPG’s latest valuations)
  • Medallion Qualifying Miles (MQMs): 26,583 (enough to earn Silver Medallion status)
  • Medallion Qualifying Dollars (MQDs): $7,088 (enough to meet the revenue requirement for Gold Medallion status)

So while you’d be spending a massive amount of points, this single trip would earn you $425 worth of redeemable SkyMiles and Delta Silver elite status, which TPG values at $750. Not a half-bad return!

Bottom line

While leveraging high-value transfer partners is the key to unlocking some of the most aspirational redemptions in the sky, Chase’s pay with points bonus on select cards should not be overlooked. At the very least, this option adds an incredible amount of flexibility to your redemption strategy, and you may even find a number of times where it’s cheaper to book a flight directly through the Chase portal instead of transferring.

Featured image by Eric Helgas for The Points Guy.

Delta SkyMiles® Platinum American Express Card

Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.

With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.

Apply Now
More Things to Know
  • Limited Time Offer: Earn 90,000 bonus miles after you spend $3,000 in purchases on your new Card in your first 3 months. Offer ends 8/3/2022.
  • Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs up to two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
  • Earn 3X Miles on Delta purchases and purchases made directly with hotels.
  • Earn 2X Miles at restaurants worldwide including takeout and delivery in the U.S., and at U.S. supermarkets.
  • Earn 1X Miles on all other eligible purchases.
  • Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. Payment of the government imposed taxes and fees of no more than $80 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
  • Enjoy your first checked bag free on Delta flights.
  • Fee Credit for Global Entry or TSA PreCheck® after you apply through any Authorized Enrollment Provider. If approved for Global Entry, at no additional charge, you will receive access to TSA PreCheck.
  • Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
  • No Foreign Transaction Fees.
  • $250 Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Regular APR
17.24%-26.24% Variable
Annual Fee
Balance Transfer Fee
Recommended Credit
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.