By Austin Christensen · Last updated: November 9, 2026
Chase Points to Dollars
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What are Chase points worth?
We use 2.05 cents per point as our working value. That's The Points Guy's November 2026 figure, and it's what our points valuation tool uses by default. It assumes you transfer to an airline or hotel partner.
The floor is 1¢ per point. Cash back, most gift cards and standard Chase Travel bookings all sit at about that rate. Which card you hold decides how much better you can do.
Calculator
Run your own balance through the points value calculator.
Chase points value by redemption type
| How you redeem | Value per point | 60,000 points |
|---|---|---|
| Transfer to airline or hotel partners | About 2.05¢ (varies by award) | About $1,230 |
| Points Boost in Chase Travel, Sapphire Reserve | up to 2¢ on select flights and hotels | up to $1,200 |
| Points Boost, Sapphire Preferred or Ink Business Preferred, premium-cabin flights | up to 1.75¢ on premium cabins with select airlines; up to 1.5¢ on other eligible flights | up to $1,050 |
| Points Boost, Sapphire Preferred or Ink Business Preferred, hotels | up to 1.5¢ on select hotels | up to $900 |
| Standard Chase Travel booking | 1¢ | $600 |
| Cash back | 1¢ | $600 |
| Gift cards | 1¢ | $600 |
Rates checked October 29, 2026.
Chase points value by card
The same point is worth more or less depending on the card that holds it.
- Sapphire Reserve: Points Boost reaches up to 2¢ on select bookings, and you can transfer to every partner.
- Sapphire Preferred and Ink Business Preferred: Points Boost reaches up to 1.5¢ on eligible hotels and select-airline flights, and up to 1.75¢ on select premium-cabin flights, and you can transfer to every partner.
- Freedom Unlimited, Freedom Flex and Ink Business Cash: On their own, these earn points usually worth 1¢. Combine them into a Sapphire or Ink Preferred account to unlock transfers.
Older cardholders: If you had a Sapphire Preferred, Sapphire Reserve or Ink Business Preferred before June 23, 2025, points earned before October 26, 2025 keep the old fixed Chase Travel rate (1.25¢ on Preferred, 1.5¢ on Reserve) until October 26, 2027. Use those points first.
What 5K to 100K Chase points are worth
| Points | Through transfers | Cash back |
|---|---|---|
| 5,000 | $103 | $50 |
| 10,000 | $205 | $100 |
| 15,000 | $307 | $150 |
| 20,000 | $410 | $200 |
| 60,000 | $1,230 | $600 |
| 80,000 | $1,640 | $800 |
| 100,000 | $2,050 | $1,000 |
Cash back vs transfers
Cash back is simple and safe, but a decent transfer pays much more. On a typical 60,000-point welcome bonus, that's the difference between $600 and about $1,230.
The standout transfer is World of Hyatt, where a free night often beats our working value. The ratio depends on your card. Sapphire Preferred points transfer to World of Hyatt at 4:3, so 1,000 Chase points become 750 Hyatt points, per Chase's Sapphire Preferred page. Our which cards transfer to Hyatt page shows the ratio for every card, and our Hyatt points guide covers the best uses.
All 14 Chase partners are on the transfer partners page, last checked November 6, 2026. When the flight is on Delta, United, American, or ANA, start with How to book Delta with miles, How to book United with miles, How to book American with miles, or How to book ANA with miles. When it is on Southwest, JetBlue, or British Airways, start with How to book Southwest with points, How to book JetBlue with points, or How to book British Airways with Avios. Lesson 11: Transfer Partners & When to Use Them walks you through your first transfer.
Learn this properly
Chase is where our free course starts. Lesson 5: Your First Travel Card explains why the Sapphire Preferred is the usual first card, and Lesson 12: What Are Your Points Worth? shows you how to value any redemption.
Frequently asked questions
How much is 1 Chase point worth?
About 2.05¢ through transfers, up to 2¢ with Points Boost on a Sapphire Reserve, and 1¢ as cash back.
How much are 80,000 Chase points worth?
About $1,640 through transfers, or $800 as cash back.
Are Chase Sapphire Preferred points worth more?
The card unlocks transfers and Points Boost, which is what lifts its points above the cash-back rate. Points on a Freedom card alone are usually worth 1¢.
Can I convert Chase points to cash?
Yes, at 1¢ per point. It's the floor, so compare it with a transfer before you cash out.
What happened to the fixed portal rates?
Points Boost replaced them for new cardholders. Older cardholders keep 1.25¢ or 1.5¢ on points earned before October 26, 2025, until October 26, 2027.
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