Chase Ultimate Rewards: A First, Last, and Revalidation in One Redemption

3 days ago 2

Chase Ultimate Rewards Redemption

Chase Ultimate Rewards Redemption

I’ve spent years honing my award redemption strategy, whether it’s for flights, train rides, cash back, or some other discounted doohickey.  My goals and award choices can vary over time, but I’m very set in my ways to a certain extent.  That’s true with my Chase Ultimate Rewards redemption strategy.  I’ve cashed out Chase’s rewards currency since the beginning.  With Pay Yourself Back, my decision to continue was a no-brainer – instead of “just” one cent per point, I began cashing out at 1.5 and 1.25 cpp.

But recently, that changed, even if it’s just one single time.  Along the way, I revalidated my Chase Ultimate Rewards redemption strategy, unsurprised at the results.  Let’s get into it.

A Travel Need

While planning an upcoming trip, I identified a need for a single-night, low-maintenance hotel award stay.  I didn’t care much about brand or quality of the property.  My only firm requirement was to use hotel points for an award night.  The MtM Diamond Lounge came in handy with a hotel recommendation.  Also, a Globalist friend offered to hook me up with a Guest of Honor stay at this Hyatt Regency property (my top-tier status with Hyatt died with the Gold Passport program many years ago).  It was a slam dunk decision.  But along came something with which I wasn’t very familiar.

I needed more Hyatt points.  Over the many years since largely moving away from Hyatt, I slowly depleted my balance with infrequent stays.

a blue and white sign

A First

The property required 12k points, and my existing Hyatt points balance sat just over 11.9k.  Given the stars aligned with a solid recommendation and Guest of Honor benefits, I did something for the very first time – rather than cashing out, I transferred Chase Ultimate Rewards to a travel partner.  The 1k minimum points transferred instantly, and I promptly booked the 12k night at this Hyatt Regency within walking distance from the airport.

I now have about ~900 Hyatt points within my account, and I expect them to remain there in perpetuity.  But why?

A Last, and Why

I’m confident that’s the first, last, and only time I’ll transfer points to a Chase Ultimate Rewards travel partner rather than cashing out.  The only way I’d see that changing is if Chase completely overhauls their Ultimate Rewards program, which I don’t see happening any time soon.

The overarching reason I immediately reverted back to my Chase cashout philosophy is based on my primary cash back rewards focus.  I can tailor cash back rewards to my goals (travel-related and otherwise) more than any other rewards currency.

Also, due to Chase’s draconian 5/24 rule, we gave up on new accounts with the bank several years ago.  My wife and I have been doing better elsewhere ever since.  Chase’s static list of partners doesn’t make the bank any less boring.  I still have plenty of points with the only two partners I’ve historically cared about other than Hyatt – Southwest and United.  And, notably, I have zero interest in essentially paying 1.25 cents per point to stay in a Hyatt (by transerring points to them instead of cashing out).

a man with his hand on his chin

But What About Hyatt?

Quite simply, we’ve been there and done that with Hyatt.  We’ve stayed at the Hyatts we aspired to, and no Hyatts align with our other current and future goals.  Plenty of other chains’ properties are more than sufficient.  Indeed, taken individually, Hilton, Marriott, Choice, and Wyndham each have larger footprints than Hyatt.  Together, they vastly overwhelm Hyatt’s limited one.

Chase Ultimate Rewards Redemption – Conclusion

A Chase Ultimate Rewards redemption to a transfer partner came in handy for me a whole one time.  Of course, many Chase fans will do other big things with their points.  Hopefully, that’s tied to their specific goals and not because someone who does stuff on the internet for money told them Hyatt points are worth a lot.  In reality, a Hyatt point redemption not aligned to one’s travel goal is worth exactly zero.

Where do you transfer your Chase Ultimate Rewards points?  What makes that the right move for you?

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