20,000 Chase Ultimate Rewards Points: Value in 2024 (2024)

FAQs

20,000 Chase Ultimate Rewards Points: Value in 2024? ›

20,000 Ultimate Rewards points are worth an average of $206, according to WalletHub

20,000 Chase points are worth $206 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 20,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.

For example, a $210 flight will cost 21,000 points. There's no way to “maximize” AmEx points when used in this way. You're effectively using the points as pennies, and can book any airline or hotel room available with cash.

The cash back option is redeemable at the rate of $1.00 per 100 points, or 1 cent per point. So, if you have 20,000 points, for example, you could redeem them for $200 in cash.

No, your Chase Ultimate Rewards^® points do not expire — as long as you keep your credit card account open. However, if you close your card account before redeeming or transferring your rewards, you'll no longer have those points.

10 points per dollar spent on Chase Dining booked through Ultimate Rewards. 10 points per dollar spent on hotel and car rental purchases through Chase Travel. 5 points per dollar spent on airline travel booked through Chase Travel. 3 points per dollar spent on travel not booked through Chase.

Are Chase points worth it? ›

Based on our most recent analysis, Chase points are worth between 1.2 cents and 2.1 cents each, depending on how they're used and which card they were earned with. This wide range of values is due to the complexity of Ultimate Rewards® redemption options.

Apply them to your bill: Ultimate rewards points can be used as a statement credit applied to your monthly balance. They convert at the rate of one cent per point.

To another Chase cardholder

According to the Chase Ultimate Rewards terms and conditions, the recipient must be a household member who is listed as an authorized user on your Chase credit card. You can transfer points in increments of 1,000 — similar to transferring travel points.

20,000 Ultimate Rewards points are worth an average of $206, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.

For example, 60,000 points are worth $750 when redeemed for travel purchases, or $600 when redeemed for cash.

How much is 20,000 MileagePlus miles worth? We estimated that the value of United miles falls between 1.2 and 1.6 cents, so 20,000 MileagePlus miles would be worth $240 at the very minimum.