The value of the Chase Sapphire Preferred Points varies on different factors. Hence, how you redeem the points can also affect the value.
However, one Chase Sapphire Preferred Point is worth 1 cent or 1.25 cents. Hence, for instance, if you have a total of 1,000 points you will have a value of $10 or $12.5.
In this guide, we will you the worth of Chase Sapphire Preferred Points in Value.
So, if you have some Chase Sapphire Preferred Points and want to know how much they are worth, read through.
Having said that, let’s begin by telling you the worth of these points towards travel.
Points Value towards Travel (1.25 cents per point)
These Chase Points are worth 1.25 cents per point when redeemed toward travel.
Hence, it can be redeemed via the Chase Ultimate Reward Travel portal. So, if you have 1,000 points, you’ll have $12.5 worth of value.
However, this portal allows you to book hotels. As well as flights, from different airlines and hotels.
Thus, if you love traveling this is the best way to redeem your pints. Also, note that you can transfer your points on a 1 to 1 basis from your Chase account. And, move them to an airline or hotel loyalty program.
For instance, you can transfer 1,000 chase points and get 1,000 miles or points from these programs.
However, note that the value may vary based on the loyalty programs. But, you’ll be able to get more than 1.25 per point via the Chase Ultimate Reward Travel portal.
Having said that, Chase partners with the following Airlines and Hotels:
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Airlines
Aer Lingus AerClub
Air Canada Aeroplan
Air France-KLM Flying Blue
British Airways Executive Club
Emirates Skywards
Iberia Plus
JetBlue TrueBlue
Singapore Airlines KrisFlyer
Southwest Airlines Rapid Rewards
United Airlines MileagePlus
Virgin Atlantic Flying Club
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Hotels
Marriott Bonvoy
World of Hyatt
Points Value with Other Options
Although you get more value when you redeem your Chase points towards travel. But, there are other options you can try out as a Chase Sapphire Preferred Cardholder.
Hence, here are the worth of your Chase Points with other redemption options:
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Gift Cards
You can redeem your Chase Points for Gift Card. Hence, 1 chase point is equal to 1 cent or more depending on the gift card.
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Cash Back
This is another good way in which you can redeem your Chase Points. Hence, each Chase point is worth 1 cent.
Thus, you can get your cash back as a statement credit. Also, you can have it deposited into your checking or savings account.
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Amazon
You can decide to redeem your Chase Points via Amazon.com. Hence, 1 chase point is equal to 0.8 cents when redeemed via Amazon.com.
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Apple Ultimate Reward Store
The value of Chase points redeemed via the Apple Reward Store varies based on the Apple product.
However, 1 Chase Point is equal to 1.25 cents when redeemed via Apple Ultimate Reward Store.
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Chase Dining
If you are a foodie, this is the best way to redeem your Chase Points. Hence, you can redeem 1 Chase point for 1 cent when you book a restaurant reservation via Chase.
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Experiences
You can redeem your Chase Points towards travel packages. Also, you can redeem them towards events offered to Chase Sapphire Preferred Cardholders.
Hence, 1 Chase point is equal to 1 Cent when redeemed towards travel packages or events.
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Paypal
If you have a Paypal account, this is the best way to redeem your Chase Points. Hence, 1 Chase Point is equal to 0.8 cents when you pay with Chase points on Paypal purchases.
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Pay Yourself Back
If you don’t want to redeem your points via any of these options, you can go with this option.
Hence, 1 Chase point is worth 1 to 1.25 cents when you pay for charges with your points on some categories.
Last Words
In summary, the Chase Travel portal allows you to book hotels. As well as flights, from different airlines and hotels.
Hence, you get more value when you redeem your Chase points towards travel. However, they are other ways in which you can redeem your Chase Points.
Thus, if you have any questions, leave them in the comment session and we will reach out to you soon.
Having said that, thank you for reading!