Upgrading with points on eligible airlines.Booking flights through American Express Travel.Meanwhile, Membership Rewards points only provide 1 cent per point in value for certain travel redemptions: Chase Sapphire Preferred and Ink Business PreferredВ® Credit Card cardholders can redeem Ultimate Rewards for travel at 1.25 cents per point. Chase Sapphire Reserve cardholders get 1.5 cents per point in value toward travel purchases through the Ultimate Rewards portal. YouвЂ™ll get even more value if you have an Ultimate Rewards card with an annual fee. In this metric, Chase clearly beats Amex.ДЄt the very least, you can redeem Chase Ultimate Rewards points for 1 cent per point through the cash back option. But having an option to cash out points at a solid redemption rate adds to a programвЂ™s flexibility. Cash Back Redemption OptionsД¬ardmembers will unlock the greatest value of both Chase Ultimate Rewards points and American Express Membership Rewards by transferring points to travel partners. Several redemption options provide at least 1 cent per point including cash back, Pay Yourself Back, using points for travel purchases and transferring points to airline or hotel transfer partners. However, thatвЂ™s not the case with Chase Ultimate Rewards points. But no other Membership Rewards redemption option provides more than 1 cent per point in value. Travelers can get a lot of value from American Express Membership Rewards transfer partners by using transferred points to book high-value award tickets. Chase Ultimate Rewards Are Best For: Variety of Valuable Redemption Options LetвЂ™s look at when Amex prevails as the king of the loyalty programs and when Chase is the one program to rule them all. Which program comes out on top when we put them head-to-head? Well, thatвЂ™s going to depend on what youвЂ™re looking to get out of a loyalty program.

See the card application for more details.Дespite recent stiff competition, Chase Ultimate Rewards and American Express Membership Rewards are still undoubtedly two of the most popular and most valuable transferable points loyalty programs.

Chase ultimate rewards