20,000 Ultimate Rewards points are worth an average of $202, according to WalletHub data. You get the best value when redeeming Ultimate Rewards points for travel booked through Chase, though there are a few other redemption options to choose from.
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Redeem through Chase's travel portal for $1000 in travelThe value of your points is fixed depending on the price of the plane ticket or hotel room. Your 80,000 points gets you $1,000 of travel. We love to find cheap flights via Google Flights or other cheap flight alerts and then use our Ultimate Rewards to book.
Travel Through Chase Ultimate Rewards: When you use points to redeem for cash, each point is worth $.01 (one cent), which means that 100 points equals $1 in redemption value.
If your goal is to get or maintain a good credit score, two to three credit card accounts, in addition to other types of credit, are generally recommended. This combination may help you improve your credit mix. Lenders and creditors like to see a wide variety of credit types on your credit report.
The Chase Sapphire Preferred? Card isn't a credit card for everyone ? you'll need to have good to excellent credit to have a chance at getting approved. We recommend having a FICO score of at least 690 before applying for this card. If you need to wait a bit and work on your credit, it's a good idea to do that.