How to Transfer Chase Ultimate Rewards Points (Step by Step)

Transferring Chase Ultimate Rewards points to airline and hotel partners is where this whole game stops being about cash back and starts being about outsized value. A point sitting in your Chase account is worth maybe 1.25 to 1.5 cents. That same point transferred to Hyatt or United can be worth 2, 3, sometimes 5+ cents.

First, you need an eligible card. Only the Chase Sapphire Preferred, Sapphire Reserve, Ink Business Preferred, and Ink Business Plus unlock the transfer partner menu. Navigate to your Ultimate Rewards dashboard, click 'Transfer to Travel Partners,' and you'll see 14 partners including United, Hyatt, British Airways, Singapore, and Aeroplan.

Here's the most important thing nobody tells beginners: transfers are one-way and irreversible. Once those points leave your Chase account, they're gone forever. Only transfer when you've already found the award you want to book and you're ready to pull the trigger.

The ratio is 1:1 for every partner. 10,000 Chase points becomes 10,000 Hyatt points, 10,000 United miles, or 10,000 Aeroplan miles. No funny math, no depreciation in the transfer.

Speaking of Hyatt: it's the single best transfer partner in the Chase ecosystem, full stop. World of Hyatt points consistently deliver 1.5 to 2.5 cents per point, and you can get absurd value at all-inclusive Ziva and Zilara resorts — think $600/night rooms for 25,000 points.

When should you book through the Chase travel portal instead? When the portal price is already competitive. The Sapphire Reserve gives you 1.5 cents per point in the portal, so if transferring would cost more points for the same flight, the portal wins.

Common mistakes to avoid: transferring before creating your loyalty account, transferring more than you need, and ignoring transfer bonuses. Chase periodically offers 20-30% bonuses to specific partners — check our transfer bonus tracker before every transfer.