Ultimate Rewards (Chase UR)

Chase's transferable points currency, earned on cards like the Sapphire Preferred and Sapphire Reserve. UR points can be redeemed through Chase's travel portal (at 1.25-1.5 CPP with a Sapphire card), transferred 1:1 to airline and hotel partners, or used for cash back at 1 CPP. The program is valued for its strong transfer partner list and portal flexibility.