Full glossary
currency
UR
Chase Ultimate Rewards
Definition
Chase's transferable bank-points currency. Earned via Chase Sapphire (Preferred, Reserve), Ink (Business Cash, Preferred), and Freedom cards.
Why it matters
Best transfer partners: World of Hyatt (highest-value chain hotel program), Air Canada Aeroplan, Virgin Atlantic, United MileagePlus. We value UR at 2.0¢/pt.
Related terms in currency
MR
American Express's transferable bank-points currency. Earned via Amex Gold, Platinum, Business Platinum, Green, and Business Gold cards.
TY
Citibank's transferable bank-points currency. Earned via Citi Premier, Strata Premier, Prestige (legacy), Custom Cash, and Rewards+.
Cap One Miles
Capital One's transferable bank-points currency. Earned via Venture, Venture X, Spark Miles.
Bilt Points
Bilt Mastercard's transferable bank-points currency. Earned via rent payments and other spending. Transfers 1:1 to most major travel programs.