Ultimate Rewards' Exceptional Hotel Points Transfer Values

Chase's Ultimate Rewards program is their in house rewards program that lets you redeem points for gift cards, merchandise, travel, cash back, and transfer into Chase partner points programs.  Point transfers are 1:1 to most programs.  Since points can also be cash back at 1 to $0.01, points transfers are like buying points at a penny each.  This is cheaper than airlines sell them and a great value when needing to top off an account for an award, except for Priority Club.  On the flip side of that coin, Hyatt is an outstanding value.

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Exceptionally Good Value:  Hyatt
Top level hotels, like the Park Hyatt Tokyo, are only 22,000 Hyatt Gold Passport points.  That's $220 of Ultimate Rewards points (tax is included in points reservations) for rooms that are normally over $600.  This is one of the best deals available today.

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Exceptionally Bad Value:  Priority Club
A mid-range Holiday Inn is 25,000 priority club points. That's $250 of Ultimate Rewards points for a room that is less than $200.  

Better Off Just Spending Cash