Best cards that earn Chase Ultimate Rewards

Featured cards

All 4 cards that earn Chase Ultimate Rewards, with what each one is actually best at. Tap any card to jump to its row.

1. 1 Sapphire Reserve for Business — Best overall for earning Chase Ultimate Rewards: 4x on flights, $795 a year — 5.0¢ back per dollar
2. 2 Chase Sapphire Reserve — 4x on flights, $795 a year — 5.0¢ back per dollar
3. 3 Chase Ink Business Preferred — 3x on travel up to $150,000/year, $95 a year — 3.8¢ back per dollar
4. 4 Chase Sapphire Preferred — 3x on dining, $95 a year — 3.8¢ back per dollar

Ranked by real value, not multiplier

Headline rate is each card's best bonus rate that pays anywhere in its category. A rate that only pays at one brand or through one portal (14x at Hilton, 8x on United fares, 5x via Chase Travel) is printed in grey and excluded from the ranking — it is a loyalty rate, not a category rate. Real value is the headline rate × 1.25¢.

Co-brand rates — only at their own brand

4 brand-locked rates across these cards. Each is real if that is where you spend — Chase Ink Business Preferred really does pay 5x at Lyft, worth 6.3¢ per dollar at our 1.25¢ value — and pays nothing extra anywhere else, which is why none of them set a card's headline rate above.

What these actually pay on a year of flights

A rate is a promise about one dollar. This is the same ranking run over 13 real flights charges totalling $4,722 — our sample year — scored one charge at a time by the same engine the app uses on your own statement. Caps, category rules and point values all apply; nothing is annualised or rounded up.

On this spending these cards finish within $0 of each other, which is worth knowing: the ranking above is real but the difference is not material at this level of spend. Your own charges are what matter, and the app scores those rather than a sample.

What Chase Ultimate Rewards are worth

We value Chase Ultimate Rewards at a conservative 1.25¢ per point — the same number the optimizer scores your charges with, and deliberately not the best-case figure a points blog would quote. Chase Ultimate Rewards are transferable points: one balance that moves to airline and hotel partners, which is what makes them worth more than a plain cash-back point. Above a penny, so a point here beats a cash-back point — if you redeem near that value.

Full Chase Ultimate Rewards valuation and methodology →

Where Chase Ultimate Rewards can go

Chase Ultimate Rewards transfer to 14 airline and hotel partners (11 airlines, 3 hotel programs). That reach is the honest reason to prefer this currency over one locked to a single programme at the same cents-per-point — it is somewhere to actually spend the balance.

All 14 Chase Ultimate Rewards transfer partners and sweet spots →

Which one should you carry?

On paper Sapphire Reserve for Business earns the most per dollar at its headline rate, but it charges $795 a year — money you have to earn back before the higher rate is worth anything. A headline rate only pays on the category it names, so the card that earns you the most Chase Ultimate Rewards is the one whose bonus categories match your actual spending — which is the whole reason we built the optimizer instead of a top-ten list.

How we rank

One arithmetic rule, applied by code to our maintained card database. There is no editorial pick, no hand-ordering and no sponsored slot.

• Printed earn rate. Each card's best non-portal bonus rate — its headline rate — as printed by the issuer. Where a card has no bonus category, its base rate is used instead, and the table says which.
• Conservative point value. Every rate is multiplied by our conservative 1.25¢ value for Chase Ultimate Rewards, the same number the optimizer scores real spending with. Because every card here earns the same currency, that value cannot change the order — it sets the scale, and it is what lets you compare this page against a guide for a different currency. Every point value we use, published →
• Annual fee. Printed against every card and used to break ties. Every card that earns this currency charges one.
• Caps and limits. Where a headline rate stops after a spending cap, the cap is on the card's own page. Check it before treating a high rate as your everyday rate.
• Pool and cutoff. 221 open US cards are in our database; 4 of them pay out in Chase Ultimate Rewards and qualify. All 4 are ranked above; there is no cutoff on this page.
• Rotating and pick-your-own categories. Kept out of the headline ranking, because they only pay in the right quarter or with the right election. Issuer-travel-portal-only rates are excluded for the same reason: they pay only if you book through the portal.
• Commission. The ranking code has no access to which cards pay us a commission — the ordering function never reads the affiliate file. Any apply link is attached after the order is already fixed, so it cannot move a card up or down. How that works.

Full methodology, including how each point value is set: how we value points and rank cards →

Common questions

More guides

Every guide on this site is built by the same code from the same card database, so the numbers on one page mean exactly what they mean on another. Jump sideways:

All 70 best-card guides → · Best card for a specific store or bill →