Free interactive tool

Chase Points to Dollars Calculator

The Chase points-to-dollars calculator converts a Chase Ultimate Rewards balance into dollars three ways at once: cashed out, spent on Chase Travel, and transferred to an airline or hotel partner. Cash-out and travel values are the balance times Chase’s published cents-per-point rate; the transfer value is the balance times the published transfer ratio times the value you get per partner mile on a real award. Rates Chase publishes are pre-filled and dated; rates it does not publish are marked as your input.

The formula

cash-out value ($)  = points × cash-out rate (¢ per point) ÷ 100
travel value ($)    = points × travel rate (¢ per point) ÷ 100
transfer value ($)  = points × transfer ratio × partner value (¢ per partner mile) ÷ 100
break-even partner value = best fixed rate ÷ transfer ratio

The transfer ratio is partner miles received per point (1 for 1:1, 0.7 for 1,000 → 700). The partner value comes from an actual award: (cash fare − award taxes and fees) ÷ partner miles × 100 — the same cents-per-point formula as the points vs cash calculator.

Run your numbers

Your Chase Ultimate Rewards balance

60,000 is a hypothetical example balance.

1. Cash back / statement creditIssuer rate · checked September 15, 2026

Cash-out rate

Chase states 1 cent per point for cash back or a statement credit (checked Sep 15, 2026).

Published rates:

2. Chase TravelIssuer rate · checked September 15, 2026

Travel redemption rate

Standard is $0.01 per point. Points Boost is an “up to” rate on select flights and hotels only — use it only when the booking in front of you shows the Boost tag.

Published rates:

3. Transfer partnerRatios · checked September 15, 2026

Partner miles per point

1 = a 1:1 transfer; 0.7 = 1,000 points → 700 partner miles. Transfers need a Sapphire Preferred, Sapphire Reserve, or Ink Business Preferred card. Accounts opened before June 15, 2026 keep 1:1 to Hyatt through September 30, 2026.

Published ratios:

Value you get per partner mile (your input)

Work it out from a real award: (cash fare − award taxes) ÷ partner miles × 100. 1.40¢ is a hypothetical example, not a valuation.

Your 60,000 points, valued side by side
Mode	¢ per point	Working	Dollar value
Cash back / statement credit	1.00¢/pt	60,000 × 1.00¢ ÷ 100	$600.00
Chase Travel	1.00¢/pt	60,000 × 1.00¢ ÷ 100	$600.00
Transfer partner	1.40¢/pt	60,000 × 1 × 1.40¢ ÷ 100	$840.00

Partner miles you would receive: 60,000 mi
Partner value needed to beat the better of modes 1 and 2: 1.00¢/mi

Side by sideTransfer partner is highest at $840.00, $240.00 more than Chase Travel (+40%). That depends on the partner value you entered — a transfer is one-way, so confirm the award price before you move points.

Published rates were read on Chase’s own pages on September 15, 2026 and can change; your logged-in redemption and transfer screens are the source of truth. The balance and partner value are hypothetical examples.

Worked example (hypothetical numbers)

You hold 60,000 points (a hypothetical balance) and have priced one partner award that returns 1.40¢ per partner mile (a hypothetical award value, not a valuation):

Cash back / statement credit at the published 1.00¢: 60,000 × 1.00 ÷ 100 = $600.00
Chase Travel at the published 1.00¢: 60,000 × 1.00 ÷ 100 = $600.00
Transfer, Most partners (1:1): 60,000 × 1 × 1.40 ÷ 100 = $840.00

The ratio matters as much as the award. At the published ratio of 0.75 for World of Hyatt, accounts opened on or after Jun 15, 2026 (4:3), the same award is worth 60,000 × 0.75 × 1.40 ÷ 100 = $630.00. At that ratio the award must return more than 1.00 ÷ 0.75 = 1.33¢ per partner mile just to beat the 1.00¢ fixed rate above.

Rates used, with sources

Every rate pre-filled above was read on Chase’s own public pages on September 15, 2026. Issuers change these rates; re-check your logged-in screen before you redeem.

Mode	Published rate	Source (checked)
Cash back / statement credit	Cash back or statement credit: 1.00¢	Chase: Chase Ultimate Rewards: How Our Program Works (Sep 15, 2026)
Chase Travel	Chase Travel standard: 1.00¢	Chase: Chase Sapphire Reserve card page (Points Boost disclosure) (Sep 15, 2026)
Chase Travel	Points Boost ceiling: Sapphire Preferred, Ink Business Preferred, Ink Plus: 1.50¢	Chase: Chase Sapphire Reserve card page (Points Boost disclosure) (Sep 15, 2026)
Chase Travel	Points Boost ceiling: Sapphire Reserve, J.P. Morgan Reserve, Sapphire Reserve for Business: 2.00¢	Chase: Chase Sapphire Reserve card page (Points Boost disclosure) (Sep 15, 2026)
Transfer ratio	Most partners (1:1): 1	Chase: Chase Sapphire Preferred Benefits (Transfer Points panel) (Sep 15, 2026)
Transfer ratio	World of Hyatt, accounts opened on or after Jun 15, 2026 (4:3): 0.75	Chase: Chase Sapphire Preferred Benefits (Transfer Points panel) (Sep 15, 2026)

The value per partner mile is always your input: it depends on the specific award, date, and cash fare, so no issuer or program publishes it.

See every currency side by side in the Points Value Index (September 2026), which uses these same inputs.