Chase Ultimate Rewards

Travel value
1.7¢
Cash value
1.0¢

Published estimatesReviewed November 10, 2026 · next review December 3, 2026

Why 1.7¢

We value Ultimate Rewards at the middle of five publishers' estimates. Points transfer 1:1 to most partners (World of Hyatt is now 4:3), and the cash-out floor is about 1¢.

How we got there

From the program’s published rules: Transfers 1:1 to most partners · World of Hyatt 4:3 (since June 15, 2026 for new accounts)

Publisher estimates for Chase Ultimate Rewards
PublisherValueDate
The Points Guy (opens in a new tab)2.05¢Nov 2, 2026
NerdWallet (opens in a new tab)1.4¢Oct 13, 2026
One Mile at a Time (opens in a new tab)1.7¢Sep 2, 2026
Upgraded Points (opens in a new tab)2.0¢Nov 4, 2026
Frequent Miler (opens in a new tab)1.5¢Oct 8, 2026
Median1.7¢

Recent program news

Transfer partners

Cards that earn it

Value history

Value history for Chase Ultimate Rewards, newest first
DateTravelCashReason
Nov 10, 20261.7¢1.0¢Set from the median of 5 publishers' estimates after the first monthly review.[1][2][3][4][5]
Before reviews began2.0¢1.0¢Value before reviews began

Cite this

PayWithThis values Chase Ultimate Rewards at 1.7¢ per point (travel) and 1.0¢ (cash), as of November 10, 2026. https://paywiththis.com/point-values/chase-ultimate-rewards

These values are our own estimates, not advice from any bank, airline or hotel program. Every ranking on PayWithThis uses them. See every currency or read our methodology.