What Chase Ultimate Rewards Are Worth (September 2026)

Cash floor: 1.0¢ — Cash back or statement credit

Issuer travel portal: 1.25¢ · Transfer target: 1.8¢ · Peak: 3.0¢

Why we use 1.8¢

Hyatt is the reason this currency is worth more than a cent. Transfers are 1:1, and a mid-tier Hyatt night routinely prices in the two-to-three cent range against its own cash rate.

Where owners lose value

The cash-out button sits right next to the transfer button and pays a little over half as much. If you never plan to transfer, a flat cash-back card is the more honest choice.

Where the peak number comes from

• World of Hyatt Category 1-4 nights, often 2-3¢ per point
• Air Canada Aeroplan Star Alliance business class
• Flying Blue monthly promo awards to Europe

Business cards that earn Chase Ultimate Rewards

• Chase Ink Business Preferred — The transfer-eligible anchor card: 3x on travel, shipping, advertising and phone/internet.
• Chase Ink Business Cash — 5x on office supplies and phone/internet; points only transfer when paired with Preferred.
• Chase Ink Business Unlimited — Flat 1.5x everywhere, worth 2.7¢ per dollar once paired and transferred.
• Ink Business Premier — Higher flat earn on large purchases, but its rewards are cash-only.

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