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Our site may earn compensation when a customer clicks on a link, when an application is approved, or when an account is opened with our partners, and this may impact how or where these products appear. While we don't cover all available credit cards, our editorial team creates and maintains all of the analysis of these cards, and our content is not influenced nor subject to review by any credit card company, bank or partner prior to (or after) publication. Please view our advertising policy and product review methodology for more information.
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10 ways you can get at least $2,050 in value from 100,000 Chase points
Ben Smithson is a senior writer for TPG and is based in London. Originally from Australia and a qualified lawyer with a financial services background, he has almost a decade of experience writing about a broad range of travel and loyalty topics.
July 24, 2026 • 14 min read
The cards we feature here are from partners who compensate us when you are approved through our site, and this may impact how or where these products appear. We don't cover all available credit cards, but our analysis, reviews, and opinions are entirely from our editorial team. Terms apply to the offers listed on this page. Please view our advertising policy and product review methodology for more information.Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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Quick summary
A major travel rewards card is ending its highest-ever introductory offer on July 30 at 9 a.m. EDT, allowing new applicants to earn a substantial points bonus after meeting a spending threshold.
These points are valued at 2.05 cents each as of July 2026 per TPG's valuations, making them among the most valuable in the market.
Flexible redemption options include hotel stays, business-class flights, and all-inclusive resorts, often exceeding the baseline valuation depending on transfer partners and travel dates.
Recent changes to some hotel transfer ratios may affect the number of nights you can book, but high-value redemptions remain possible.
What to consider
Some transfer partners now have less favorable conversion ratios, impacting the total value for certain hotel bookings.
Taxes and fees may apply when redeeming points for flights or premium travel experiences, and availability can vary by route and season.
The offer may no longer be available.
What you'll miss from the article
Detailed examples of how to maximize the value of a large points bonus, including specific redemption strategies for hotels and premium flights.
Generated by AI with support from our editorial team.
Update: Some offers mentioned below are no longer available. View the current offers here.
The best-ever welcome bonus on the Chase Sapphire Preferred® Card (see rates and fees) is ending July 30 at 9 a.m. EDT.
With just a $95 annual fee, this is an incredibly rewarding offer.
Based on TPG's July 2026 valuations, Chase Ultimate Rewards points are valued at 2.05 cents each, meaning 100,000 points are worth $2,050. It's the highest valuation of any credit card points and miles we cover in our valuations. This is because there are so many valuable ways to use them through transfer partners.
Just how confident are we of the value of Ultimate Rewards points and this welcome offer? TPG's points and miles experts have shared tips on how easy it is to redeem them for maximum value.
Last chance: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening with the Chase Sapphire Preferred.
If you've been on the fence about whether this truly is the welcome offer of the year, here are 10 ways you can get at least $2,050 in value from 100,000 Ultimate Rewards points.
Even with a 4:3 transfer ratio, you'll still get 75,000 Hyatt points from 100,000 Chase points.
Lead writer Katie Genter recommends doing just this, especially at some Category 1 Hyatt hotels, because this can get you a lot of nights. For example, you could redeem 22,500 points for a five-night stay next April at the Grand Hyatt Amman in Jordan that would otherwise cost $848.
You could use 24,000 more Hyatt points for a seven-night stay next February at the Hyatt Centric City Centre Kuala Lumpur in Malaysia. If you booked a paid rate for this stay, it would cost $933.
Finally, you could use the remaining 28,500 points for a six-night stay next June at the Hyatt Place North Charleston in South Carolina. This stay is priced at $856.
So, across these three stays, your 100,000 Chase points would be worth $2,637, or 2.6 cents each.
Book round-trip flights to Hawaii for 2, plus accommodations
Credit cards writer Stephanie Stevens recommends transferring Chase points to both United MileagePlus and World of Hyatt for a getaway to Hawaii. Because she lives in Northern California, Hawaii is one of her favorite vacation destinations, as it's just a nonstop flight from San Francisco International Airport (SFO).
She'd transfer 60,000 points to United MileagePlus at a 1:1 ratio to book two round-trip economy award flights to Daniel K. Inouye International Airport (HNL) in Honolulu when saver award space is available, then use the remaining 40,000 points for a two-night stay at a Hyatt property like the Hyatt Place Waikiki Beach, where award nights can start at just 15,000 points.
During peak travel periods, when airfare and hotel rates are elevated, this redemption easily exceeds TPG's 2.05-cents-per-point valuation.
Dreaming of Japan? Clint Henderson, TPG's principal spokesperson, recommends transferring Chase Ultimate Rewards points to United Airlines' MileagePlus program at a 1:1 ratio and flying business class to Japan.
He found one-way awards from 85,000 miles plus $5.60 in taxes and fees, compared with cash fares of around $2,160, for an impressive 2.53 cents per Chase point. You get Polaris Lounge access with a shower suite before you board the flight, and then on board, you'll enjoy a lie-flat bed with direct aisle access and a la carte dining.
Then there is Japan itself. Cherry blossoms in Kyoto, street food after dark in Osaka, waist-deep powder snow in Hokkaido, hot spring towns an easy train ride from Tokyo ... you really can't go wrong, no matter where you choose to spend your time.
Whether you want to see Japan's world-renowned blooms or ones closer to home, the Chase Sapphire Preferred's elevated welcome bonus can make that dream a reality.
That's a lot of points for one night. Thankfully, New York is also an iconic place to take in spring blooms.
Lyndsey Matthews, TPG's managing editor of points and loyalty programs, recommends the Park Hyatt New York, which is just a short walk from Central Park and has quite a few “Low” redemption rates during the same time.
For a two-night weekend stay in mid-April 2027, you’d have to pay $3,620, including taxes, for an entry-level king room. In points, it’s just 45,000 per night for a total of 90,000 points for the same two-night stay.
At a 4:3 transfer ratio from Chase to World of Hyatt, you’ll need 120,000 Chase points to make this redemption, giving you a 3-cents-per-point value on this redemption, comfortably above TPG’s 2.05 cents valuation.
While 120,000 Chase points is higher than the 100,000-point welcome bonus, remember that you'll earn at least 5,000 additional Chase points by spending $5,000 on purchases in the first three months from account opening. Additionally, because so many of the card's spending categories award more than 1 point per dollar spent, it's easy to grow your Ultimate Rewards points balance quickly.
Pamper yourself with a relaxing all-inclusive getaway
Lyndsey has also had Miraval Berkshires on her list of dream redemptions. The all-inclusive resort is part of World of Hyatt, so you can transfer Chase points to World of Hyatt and have everything covered, including all meals and nonalcoholic beverages, a nightly resort credit per person and a vast lineup of complimentary wellness classes and resort amenities.
Weekends are already sold out during the fall foliage season, but if you book a midweek stay for two the first week of October, you can redeem 70,000 Hyatt points per night for a Dreamcatcher King room instead of paying $4,279.
If you transfer at the 4:3 ratio from Chase to Hyatt, you’d need to transfer 94,000 Chase points, which gives you an incredible 4.5 cents per Chase point redemption value.
Book round-trip flights in business class to Spain
If you want the cheapest lie-flat seat across the Atlantic, I recommend transferring your Chase points to Iberia Club at a 1:1 ratio and flying to Spain.
Off-peak business-class awards between New York's John F. Kennedy International Airport (JFK), Chicago's O'Hare International Airport (ORD), Boston Logan International Airport (BOS) or Dulles International Airport (IAD) near Washington, D.C., and Adolfo Suárez Madrid-Barajas Airport (MAD) cost 81,000 Avios round-trip, plus around $330 in taxes, fees and surcharges.
Most airline programs charge at least 60,000 miles for a one-way business-class award to Europe (many charge twice that), making Iberia's rate excellent. It means the welcome bonus from the Chase Sapphire Preferred alone could cover a round-trip lie-flat seat with points to spare.
Given Iberia's typical round-trip business-class fare starts at $2,500, that works out to about 2.7 cents per Chase point after accounting for taxes, fees and surcharges.
If Spain isn't on your radar, you don't fly from a U.S. gateway that Iberia operates from or perhaps you can't find the cheapest Iberia availability, I've also transferred Chase Ultimate Rewards points to Air Canada's Aeroplan program at a 1:1 ratio many times to book business class across the Atlantic and consider it a terrific way to arrive rested.
I've found plenty of one-way business-class awards from 60,000 points plus 39 Canadian dollars (about $27) for the partner booking fee and minimal taxes from the Northeast to most of Western Europe, including the United Kingdom, France, the Netherlands and Germany. Such a redemption has a cash value of more than 2.05 cents per point, given that cash rates are many thousands of dollars each way.
This Air Canada Aeroplan redemption covers a wide network of Star Alliance carriers — Lufthansa, Swiss, Austrian Airlines, TAP Air Portugal, Brussels Airlines and LOT Polish Airlines, among others — so you'll settle into a lie-flat seat for the overnight journey and land refreshed rather than red-eye bleary.
Flying to Australia is a bucket-list vacation for many points and miles collectors. It's a long journey across the Pacific, so why not treat yourself to some extra comfort?
I found plenty of one-way United Premium Plus (premium economy) seats from Los Angeles International Airport (LAX) and SFO to Sydney Airport (SYD) and Melbourne Airport (MEL) in Australia for 70,000 United MileagePlus miles, transferred at a 1:1 ratio from Chase Ultimate Rewards, plus about $35 in taxes and fees.
Cash fares on those routes start at around $2,100 one-way. After taxes, that works out to enjoying almost 3 cents per Chase point in value, an amazing way to use the welcome bonus from the Chase Sapphire Preferred.
Premium Plus gets you a wider seat with far more recline than a standard economy seat, plus a footrest and better food and bedding on a flight that runs close to 15 hours.
Fly round-trip to Bali on one of the world's best airlines
Singapore Airlines is one of the world's most awarded carriers, known for its incredible onboard service and for operating a hub at one of the world's best airports, Singapore Changi Airport (SIN), which is more like a luxury shopping mall than a place to catch a flight.
Principal contributor Eric Rosen found plenty of economy awards on United Airlines and Singapore Airlines between the U.S. and both Singapore and Bali, Indonesia, for those looking for a rainforest yoga retreat or relaxing beach trip. And, even better, you have a choice of two great transfer partners.
There are round-trip economy awards on United that require just 88,000 MileagePlus miles. Or, you can redeem 88,000 to 97,000 Singapore KrisFlyer miles (another 1:1 Chase transfer partner) plus minimal taxes and fees for a round-trip booking in economy; the exact rate depends on whether you're departing the East or West Coast and heading to Singapore or onward to Bali.
Tickets like this can cost upward of $2,500 in the coming months, depending on the dates and carrier, making them an excellent way to get increased value from your Chase points.
Prefer lie-flat comfort for a long-haul flight? How about Qatar Airways' Qsuite business class, which has won numerous TPG awards as the world's best business-class product?
That's nearly 20 hours of luxuriating in these fancy suites with closing doors, on-demand dining and high-end amenities. You'd save around $5,300 by redeeming your Chase points for this flight, giving them a value of more than 6 cents each.
The Chase Sapphire Preferred's 100,000-point welcome offer has appeared just three times in the card's 17-year history, and Chase has confirmed this one is ending very soon.
From award-winning business-class flights to the Maldives and round-trip comfort to Spain to luxury all-inclusive resort stays, there are so many ways to get at least $2,050 in value from one low-annual-fee card's welcome bonus.
This incredible offer ends July 30 at 9 a.m. EDT, so if you've ever wanted to maximize your travel, don't miss out.
Limited-time offer on the Chase Sapphire Preferred: Earn 100,000 bonus points after spending $5,000 on purchases in the first three months from account opening.
Comments
By commenting, you agree to our Community Guidelines to help create a positive space for conversation. The responses below are not provided or commissioned by the bank advertiser, our partners, or The Points Guy (“TPG”). They have not been reviewed, approved, or otherwise endorsed by any of these parties. All responses are submitted by individual contributors, and neither the bank advertiser, our partners, nor TPG are responsible for ensuring that all posts and/or questions are answered.
