how to redeem hsbc travel rewards

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HSBC Credit Cards – How To Earn and Redeem HSBC Rewards Points

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What are HSBC Rewards Points?

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HSBC, originally established as the Hongkong and Shanghai Banking Corporation, is one of the world’s largest, most-established, and recognizable banks. Known more for its investment banking, commercial banking, and wealth management services than its retail banking, HSBC is a powerhouse globally.

And although HSBC participates in large retail banking operations, in comparison to the incredible offerings of  American Express  and  Chase , this bank has not traditionally invested as much money and time into developing an ultra-robust rewards program in the U.S.

Nonetheless, your ears might immediately perk up when you find out that HSBC is one of the banks that offers transfer partnerships with airlines. This is just one of the ways you can redeem HSBC Rewards points.

We’ve got a fair bit of ground to cover, so let’s get into the nitty-gritty of HSBC Rewards and credit cards!

HSBC’s main loyalty program is known as HSBC Rewards. HSBC Rewards should not be confused with HSBC Cash Rewards, which is the program’s cash-back system.

HSBC Rewards points can be used towards cash-back (which you’ll learn more about below), but HSBC Cash Rewards can’t be used for anything except cash-back, limiting the utility of your rewards.

So for this entire guide, we will be focusing solely on HSBC Rewards points. As long as your account is open and in good standing, your points will not expire.

Note that your account may be closed if there are 12 months of inactivity (18 months for California residents), so be sure to make some purchases here and there to keep your account in good standing.

Hot Tip: A note of caution: HSBC has different rules, transfer partners, transfer ratios, and earning structures for its credit cards in every country. Be sure you’re referencing HSBC’s official U.S. regulations when you’re doing your research!

In general, the 2 best ways to redeem HSBC Rewards points are:

• Transfer to airline partners (1:1 ratio)
• Redeem your points for travel (up to 1.5 cents per point)

One last trait of HSBC Rewards to note is that you can’t combine points from multiple cards into 1 centralized account . Instead, you will need to redeem or transfer your points individually.

Before we get into that, let’s talk about HSBC Rewards credit cards!

HSBC Rewards Credit Cards

HSBC has a number of credit cards and to complicate matters — there are different versions of the same credit card across many different countries, like the U.S., the U.K., Singapore, Hong Kong, etc.

For example, while all the U.S. HSBC Rewards credit cards transfer to airline partners at a 1:1 ratio, the same might not be true for the U.K. equivalents.

You can pretty much open an HSBC account from anywhere in the U.S., though its virtual customer service reputation isn’t the best out there, so just beware of this. It makes a lot more sense to consider opening an HSBC Rewards account if you can access a branch easily for in-person service.

The HSBC Premier World Elite card is HSBC’s ultra-premium credit card offering. And although HSBC’s “ultimate travel companion” comes fully loaded with perks, we’ll need to first discuss the cost of getting this card.

To even qualify , you need to be an HSBC Premier customer, which means you need to meet one of these criteria:

• Have at least $75,000 in total deposits and/or investments
• Have at least $5,000 in total direct deposits per month
• Maintain a U.S. residential mortgage loan with an original loan amount of at least $500,000

All of these are quite difficult to achieve, but the HSBC Premier checking account is one of the most premium products out there with no additional fees, no hassle, and loads of benefits.

Once you’re an HSBC Premier customer, you’ll need to pay a $395 annual fee plus $65 per authorized user for the HSBC Premier World Elite card.

But once you’re in the door, you’ll have access to a ton of perks. For starters, you’ll probably find a welcome bonus of around 50,000 HSBC Rewards points after spending $4,000 in the first 3 months.

On top of that, you will earn 3 points per $1 spent on travel , 2 points per $1 spent on dining, and 1 point per $1 on all other purchases.

Additional Benefits of the HSBC Premier World Elite card

• LoungeKey membership with unlimited lounge visits per year per cardholder
• Up to $400 annual air travel credit — most types of travel should qualify, including airfare (a $100 credit for every $2,000 spent via HSBC Travel)
• Global Entry   and TSA PreCheck application fee credit worth up to a maximum of $100 every 54 months
• Complimentary unlimited Wi-Fi access with Boingo
• $120 annual statement credit for Uber and Lyft , up to $20 per ride (based on rounding rules)
• No foreign transaction fees
• Access to all the major Mastercard World Elite benefits

Lastly, this is 1 of the 2 cards that enable you to transfer HSBC Rewards points to airline partners . Additionally, you can redeem your points for travel at a 1.5 cent per point value , which is similar to the Chase Sapphire Reserve ® !

The next HSBC Rewards credit card is the  HSBC Premier World card . This card is a slight step-down from the HSBC Premier World Elite card; instead, the HSBC Premier World card is a premium credit card with a much milder annual fee.

However, the trade-off is that you won’t enjoy some of the extra benefits with the ultra-premium card. This card has a $95 annual fee , which is waived for the first year. After that, you can continue to get your annual fee waived if you’re an HSBC Premier client. You only need to meet one of the qualification criteria below to become an HSBC Premier client:

• At least $75,000 in total deposits and/or investments
• At least $5,000 in total direct deposits per month
• A U.S. residential mortgage loan with an original loan amount of at least $500,000

When you sign up for the HSBC Premier World card, you might find a welcome bonus of around 35,000 HSBC Rewards points after spending $3,000 in the first 3 months.

You’ll earn 2 points per $1 spent on travel and 1 point per $1 spent on all other purchases.

Additional Benefits of the HSBC Premier World card

• TSA PreCheck application fee statement credit of up to $78 every 54 months (the credit doesn’t apply to Global Entry)
• 20% off each Uber and Lyft ride via a maximum of $50 in annual statement credits every calendar year
• Travel accident insurance and trip cancellation/trip interruption insurance

Most notably, the HSBC Premier World card is 1 of 2 HSBC cards that offer transferable rewards — the other being the HSBC Premier World Elite card discussed above. Therefore, it’s the lowest-tier card that can transfer points to airline partners.

You can redeem your HSBC Rewards points from the HSBC Premier World card towards travel at a value of 1.25 cents per point . For this reason, the HSBC Premier World draws a lot of comparisons to the Chase Sapphire Preferred ® Card .

Bottom Line: If you’re looking to transfer HSBC Rewards points to airline partners or to redeem them at a bonus of 25% to 50%, you’ll want to focus on the HSBC Premier World card or the HSBC Premier World Elite card. These 2 cards are the only ones that can transfer HSBC Rewards points to partners.

Our next credit card offers the ability to earn lots of HSBC Rewards points at an accelerated rate, thanks to bonus categories — the HSBC Advance card.

At the same time, you won’t have to commit to such a high annual fee or qualification criteria of HSBC Premier. Specifically, this card’s annual fee is $45 , which is waived for the first year. After that, you can get the annual fee waived if you have an HSBC Advance checking account relationship by meeting one of the following criteria:

• At least $5,000 in total deposits and/or investments
• At least 1 direct deposit per month
• A U.S. residential mortgage loan

The HSBC Advance card comes with a slightly different sign-up bonus structure. You’ll typically find a welcome bonus of a temporary enhanced earning structure. For example, you’ll earn 3 points per $1 spent on dining and select entertainment purchases and 2 points per $1 spent on all other purchases in the first 12 months of account opening, up to the first $25,000 in purchases. After the first year has passed, you’ll then earn 2 points per $1 spent on dining and select entertainment purchases and 1 point per $1 on all other purchases.

Additional Benefits of the HSBC Advance  card

• 0% introductory APR on credit card purchases and balance transfers for 12 months from account opening (the balance transfer must be posted within the first 60 days of account opening)
• No limit to the number of points you can earn
• Access to lots of Mastercard perks, including travel accident insurance, MasterRental Coverage, Mastercard Travel & Lifestyle Services, a ShopRunner membership , and much more

Unfortunately, you can’t transfer your HSBC Rewards points to any airline partners with the HSBC Advance card.

The HSBC Platinum Rewards card is our last major HSBC Rewards-bearing credit card, not to be confused with the HSBC Platinum card, which doesn’t earn rewards.

This card enables you to earn points without having to pay an annual fee or maintain any other accounts with HSBC.

As you can imagine, however, the card offers fewer benefits than other HSBC Rewards cards. You will earn 1 point per $1 spent on all purchases.

Additional Benefits of the HSBC Platinum Rewards card

• Standard Mastercard perks, including cellular wireless telephone protection, Mastercard Travel & Lifestyle Services, Mastercard ID Theft Protection, travel accident insurance, and more
• You’ll likely receive a 0% introductory APR period for the first 12 months, including purchases and balance transfers that are posted within the first 60 days of account opening

Unfortunately, you’ll be ineligible to transfer HSBC Rewards points to airline partners when you have the HSBC Platinum Rewards card.

How To Redeem HSBC Rewards Points

HSBC Rewards points are straightforward to earn — just spend on one of the credit cards above and you’re good to go! But once you’ve accumulated a bunch of HSBC Rewards points, you’ll want to maximize them if you can.

In this next section, we’ll touch on the numerous ways you can redeem HSBC Rewards points.

You can transfer HSBC points to the following airline partners at a 1:1 ratio if you hold either the HSBC Premier World Elite card or HSBC Premier World card:

• Aer Lingus AerClub
• British Airways Executive Club
• Emirates Skywards
• Iberia Plus

HSBC Rewards also sometimes offers transfer bonuses of up to 35%, though these are incredibly rare.

This is most likely the best way to use your points, considering you can book ultra-luxurious business and first class flights using these points! By transferring points, you can achieve a value of 5 to 10 cents per point, depending on what flights you book.

Hot Tip: We’ve analyzed all of the major loyalty programs and assigned a value to what their miles and points are worth. See the latest valuations for the HSBC Rewards transfer partners in our monthly guide: Travel Points and Miles Valuations — How Much Are They Actually Worth?

The next way you can redeem your HSBC Rewards points is to book travel via the online HSBC Rewards travel portal. To do this, you’ll want to log into your personal internet banking account at HSBC’s U.S. website or call the HSBC Rewards Department at 888-385-8916.

You can redeem these points for any domestic or international travel. You can redeem as little as 10,000 points for an airline ticket, 5,000 points for a hotel booking, and 2,500 points for a car rental booking. There are no minimum amounts for transportation and experience bookings.

If you focus on travel redemptions, you can get 1.5 cents per point in redemption value from the HSBC Premier World Elite card and 1.25 cents per point in value from the HSBC Premier World card.

With the other cards, you’ll receive a fixed 1 cent per point in redemption value.

Getting cash-back is the most straightforward way to access your HSBC Rewards points. With any HSBC Rewards card above, you can receive cash-back in the form of:

• Direct deposit into your HSBC checking or savings account
• Statement credit on your HSBC credit card

You will receive a value of 1 cent per point , regardless of which credit card you have.

You can also redeem HSBC Rewards points for gift cards at a fixed 1 cent per point of value.

The value of your redemptions will not change with different credit cards — all the cards above offer a fixed 1 cent per point of value for gift card redemptions.

You can pick from over 100 brands, including Macy’s, Starbucks, Best Buy, The Home Depot, and Amazon.com. Here are the main categories you can get gift cards from:

• Electronics
• Entertainment
• Health & Beauty
• Toys & Games

The minimum redemption amount is 1,000 points, which is equal to $10.

With HSBC’s online shopping portal, you can redeem HSBC Rewards points with over 3,000 items from 200 popular brand names, including TUMI , Dyson, Cuisinart, Apple, Bose, and much more.

You will receive a fixed 1 cent per point of value regardless of which card you use.

Be sure to compare the cheapest available price online before you redeem your points for merchandise!

The very last major redemption you can utilize is to make charitable donations. There are 2 main ways to achieve this:

• Redeem HSBC Rewards points for a Charity Choice gift card and choose from over 1,000 charities
• Donate directly to the American Red Cross

Your points will be redeemed at a value of 1 cent per point , regardless of which HSBC Rewards card you hold.

From the transfer partnerships to the ability to redeem points at a bonus for travel, there are lots of different ways to make the best of the unique HSBC Rewards program.

There are lots of variants of HSBC cards worldwide, so you’ll want to make sure you’re paying attention to the correct country’s HSBC cards. This guide was focused on U.S. HSBC Rewards credit cards, which strictly maintain 1:1 airline transfer partnerships.

Overall, the HSBC Rewards-bearing cards range from a no annual fee to a $395 annual fee card structure, so be sure to consider all of the pros and cons of each credit card before making your decision.

The information regarding the HSBC Premier World Elite Mastercard ® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. The information regarding the HSBC Premier World Mastercard ® Credit Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer. 

Frequently Asked Questions

How do i redeem hsbc rewards points.

You can redeem HSBC Rewards points by logging into your online account at HSBC’s U.S. website . You can also contact the Rewards Department at 888-385-8916.

How do I check my HSBC Rewards points?

You can check your HSBC Rewards balance by logging into your online account or calling the HSBC Rewards Department at 888-385-8916.

What are HSBC Rewards points worth?

The value of HSBC Rewards points will vary wildly. However, you can redeem your points for as little as 1 cent per point for cash-back, charity, gift cards, and more.

Alternatively, if you’re focused on booking international business/first class flights, you can transfer your points at a 1:1 ratio to any of HSBC’s transfer partners. With this route, you can achieve a value of 5 to 10 cents per point, depending on what flights you book!

Do HSBC Rewards points expire?

As long as your account is open and in good standing, your points won’t expire. However, HSBC reserves the right to close your account after 12 months of inactivity (18 months for California residents).

How do I convert HSBC Rewards points to Asia Miles?

HSBC Rewards is no longer a transfer partner with Cathay Pacific Asia Miles. Here are its current transfer partners:

How do I turn my HSBC credit card points into cash?

You can redeem your HSBC Rewards points for cash-back via direct deposit into your HSBC checking or savings account. Alternatively, you can redeem your HSBC Rewards points for statement credits for your HSBC credit card.

To do this, you can visit the online U.S. HSBC website or call the Rewards Department at 888-385-8916.

How do you convert HSBC credit card points to miles?

If you have an HSBC Premier World Elite or HSBC Premier World card, you can transfer points to airline partners at a 1:1 ratio.

To perform this transfer, you can visit the HSBC’s online U.S. website or call the Rewards Department at 888-385-8916.

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UP's Bonus Valuation

This bonus value is an estimated valuation calculated by UP after analyzing redemption options, transfer partners, award availability and how much UP would pay to buy these points.

The value of HSBC Rewards points varies depending on how you use the points. Since it takes 25,000 HSBC Rewards points to get $125 off your travel charges, the value of one HSBC point is .50 cents. While travel is the most popular redemption option, there are other things you can use your points for and they have different values.

Interestingly enough, experiences can give you slightly more value than travel. If there happens to be an experience that you’re interested in and it lines up with your travel plans, then book it. Otherwise, booking regular travel is the best value. Gift cards, and financial products give you options, but they’re of low value. It’s worth mentioning that HSBC Rewards also has three airline loyalty program transfer partners which may be of good value to you.

How to redeem HSBC Rewards points

Redeeming your HSBC Rewards points is an easy process since just about everything is done through the HSBC Rewards website . This is also where you would go to check the current balance of your points. It’s worth checking the website every so often to see what experiences are available and if there are any promotions. Here’s how to redeem your HSBC Rewards points.

HSBC doesn’t have a travel booking portal, so you need to book travel on your own and then apply your points to offset the expenses charged to your card. I prefer booking on your own to using bank booking portals because you have more options. Booking directly with hotels, car rental agencies and airlines also allows you to earn loyalty points with these programs and will also let you use the benefits of your elite status.

For example, I only get access to my Marriott Bonvoy status benefits if I book directly through Marriott.com. If I were to make a reservation through a bank travel portal or say Expedia, I would get nothing.

To redeem points for travel with HSBC Rewards, you need to charge the travel expense to your card first. After that, log in to your account and you’ll be able to select valid travel expense to offset with points. Note that you have to redeem a minimum of 25,000 points ($125) and then by 10,000 points incremental, so plan your redemptions accordingly.

Using your points for experiences is a unique redemption option. Most of the other bank travel loyalty programs don’t offer anything like it. That said, what experiences are available can vary at any given time. At the time I wrote this article, the only experiences worth mentioning were as follows:

• Niagara Air Tours – Tour of Niagara Falls for One
• Breakaway Experiences Rocky Mountains Helicopter Tour for 2

Mind you, I updated this article during the middle of the COVID-19 pandemic, so it’s no surprise there are currently limited experiences available. With experiences, the tricky thing is figuring out the retail value since it’s not listed on the HSBC Rewards site. You can find it by searching the name of the experience in Google. To figure out the value per point, do the following: Multiple the cash value of the redemption (including taxes) by 100. Then take that number and divide it by the number of points required. That will give you the value of one point.

Like every other loyalty program, HSBC Rewards offers gift cards from a wide variety of partners. In most cases, it’ll cost you the following number of points:

• $50 – 11,100 HSBC Rewards points
• $100 – 21,100 HSBC Rewards points
• $250 – 41,100 HSBC Rewards points
• $500 – 101,100 HSBC Rewards points

That works out to a value of .45/.47/.49/.49 cents per point respectively. Clearly using your points for gift cards worth at least $250 gives you the best value and it’s just .01 cents per point less than the value of travel redemptions. This is noteworthy since gift card redemptions with other loyalty programs are usually worth considerably less than travel rewards.

Interestingly enough, the merchandise available from HSBC can have a reasonable value depending on what you’re redeeming for. After a quick search of multiple products, I’ve found items in the .30 – .50 cents per point range. That’s not bad, but only few items fall into the higher range of that schedule. If you find something you want that’s worth near .50 cents per point, then go ahead and get it. Otherwise, I’d advise holding onto your points. Some items you can redeem with your HSBC Rewards points include:

• Pots and pans
• Sports memorabilia

The last redemption you can make with your HSBC Rewards points that’s worth mentioning are financial products. Interestingly enough, unlike other loyalty programs where you can use your points for actual investments, you’re limited to three options with HSBC Rewards.

• $15 HSBC Mastercard account credit – 5,000 HSBC Rewards points
• $20 HSBC Mortgage account credit – 5,000 HSBC Rewards points
• $15 HSBC Savings account credit – 5,000 HSBC Rewards points

That means a Mastercard or savings account credit is worth .30 cents per point. Mortgage redemptions are worth slightly more at .40 cents per point. All of these options are quite low, so it’s not worth it at all. The statement credit options is a complete joke since you can purchase gift cards with your points at a higher value.

One of the best features of HSBC Rewards is the transfer partner option. HBSC allows you to transfer points to three different airlines: Asia Miles (Cathay Pacific loyalty program), Krisflyer Miles (Singapore loyalty program) and Avios (British Ariways loyalty program)

The transfer rate for each program is as following :

• 25,000 HSBC Rewards points transfer to 8,000 Asia Miles
• 25,000 HSBC Rewards points transfer to 9,000 Singapore Krisflyer Miles
• 25,000 HSBC Rewards points transfer to 10,000 British Airways Avios

Note that there is a minimum of 25,000 points to transfer to airline programs and it goes in 10,000 after that. In other words, you can transfer 25,000 points, 35,000 points, 45,000 points, etc. Asia Miles and Singapore Krisflyer Miles are especially noteworthy since there aren’t many ways to earn those points in Canada.

No, as long as you have an active account in good standing, your points will not expire. If you plan on closing your account, you should use up all your points before doing so. Since HSBC has some pretty high minimum points required when making redemptions, you may have to forfeit some of your points when you close things off.

While HSBC might not be as well-known as other banks in Canada, HSBC Rewards is solid. HSBC shines by its flexibility allowing you to book on your own and transfer points to airline programs. The minimum of 25,000 points to redeem is annoying, but you can plan your redemptions accordingly. Another advantage of HSBC Rewards is that the cards earning points are under Mastercard so you can use them at Costco and No Frills.

HSBC Rewards doesn’t give you as many options as American Express Membership Rewards or RBC Rewards , but it should definitely be consider for airlines miles collectors and for people looking for an easy and valuable travel program under Mastercard.

How to earn HSBC Rewards points

You can earn HSBC Rewards points from welcome bonuses and spending on HSBC credit cards. However, since RBC acquired HSBC, new applicants aren’t being accepted. I imagine new cards will be introduced in the near future.

HSBC Rewards is an excellent loyalty program that deserves more attention. Points are easy to accumulate and are easy to use. There are no blackout dates, and you can use them while booking directly with hotels and airlines. While the future of their cards are unknown, drastic changes are unlikely going to happen.

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter: @barrychoi

HSBC may have changed their gift card point redemption rate as I can’t find any gift cards that are anything but 33,400 points for $100 which is far worse than redeeming for travel rewards. I have about 35,000 points but am thinking about closing my account soon – if I buy an AirBnb gift card (directly from AirBnb’s site) do you think it will appear be an eligible travel charge? Pretty sure I’ve been able to redeem points for AirBnb charges before.

I can’t give you a definite answer as I don’t know for sure how Airbnb codes with HSBC cards.

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• 2.4 miles (6× Reward points)[@cards-travelonetnc]  per SGD1 charged on foreign currency spend.
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• Share the perks with a supplementary card[@cards-supplementarycard].
• No redemption fee when you redeem for air miles or hotel points. This offer ends 31 January 2025.

Redeeming your Reward points

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Our partners, our airline partners , our hotel partners , instant [@cards-instantly]  redemption with our app, how it works.

Convert your points to rewards in the HSBC Singapore app. Only with HSBC TravelOne Credit Card.

• Log on to the app, select HSBC TravelOne Credit Card, then 'View more'.
• Choose 'Redeem points' and select airline miles, hotel points or One Tree Planted.
• Enter the number of points you would like to redeem and your details, including your airline/hotel programme membership number where applicable.
• Review the details, read and accept the T&Cs and submit.

Air miles and hotel points redemptions will typically be completed instantly or within 1 business day. Redemptions for Club Vistara and Hainan Airlines Fortune Wings Club may take up to 5 working days, and JAL Mileage Bank may take up to 10 working days. Please note that this list may be updated from time to time.

• Click here to view the steps to redeem points on the HSBC SG app (PDF, 1.50MB)   Click here to view the steps to redeem points on the HSBC SG app (PDF, 1.50MB) This link will open in a new window

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• How To Redeem HSBC Rewards Points For KrisFlyer Miles

December 11, 2023 by Kevin 2 Comments Updated : March 26, 2024 Category : Air Miles / KrisFlyer

Redeeming HSBC rewards points for KrisFlyer Miles is a simple process which requires only a few minutes of your time. You don’t have to worry about making any mistakes when you use my simple step-by-step guide, because I will guide you through the process with detailed screenshots at each step of the way.

Step 1. Go To HSBC Credit Card Rewards Website

Step 2. select the 10,000 krisflyer miles reward, step 3. sign in with hsbc credentials, step 4. verify account log-in, step 5. choose the quantity of hsbc points to redeem, step 6. review the redemption request, step 7. redemption processed, cannot purchase hsbc rewards points for air miles redemption, no app-based redemption except for travelone, how long does it take to process the air miles conversion.

Navigate to the HSBC rewards website , where you can view all available rewards for redemption.

Scroll down and click on the Travel and Leisure category.

Take note that only the HSBC TravelOne has in-app redemption .

If you are holding the HSBC Revolution credit card or any other HSBC credit cards that is not the HSBC TravelOne, rewards redemption is not available on the HSBC mobile app.

This is the reason why we need to use the HSBC credit card rewards website.

When you are near the bottom of the list, you will see an HSBC reward item for 10,000 KrisFlyer Miles .

Click on the Redeem Now button.

If you expand the Find Out More section, you are reminded that enrollment in the HSBC Mileage Programme (can be completed online) is required.

You will be prompted to log on with your HSBC account.

Instead of having to enter my account password, HSBC has adopted a more intuitive method of signing in.

You will be asked to launch the HSBC mobile app and tap on the Generate Security Code button to obtain the 6-digit security code.

HSBC Rewards points can be converted into KrisFlyer Miles at the ratio of 5 points to 2 air miles.

Each redemption is performed in blocks of 25,000 HSBC Rewards points (for 10,000 KrisFlyer Miles), whereby the quantity refers to how many blocks are being redeemed.

You will also need to select the originating credit card that we are using to transfer our points.

The amount of HSBC points available would be shown on the screen.

In my case, I only have one credit card with HSBC, and that is the HSBC Revolution which I have reviewed .

Once we are done, click on the Continue button.

We will be presented with the details of our redemption request to be verified.

The HSBC Mileage Programme allows for unlimited transfers or redemptions once the annual fee (SGD 40 before GST) has been paid.

Hence, there is no fee associated with the individual redemption request.

Although we can redeem as frequently as we want, take note that KrisFlyer Miles will expire after three years at the end of the equivalent month in which they were earned, and this includes KrisFlyer Miles that are redeemed using HSBC Rewards points.

Once the KrisFlyer Miles are credited into our Singapore Airlines account, the three years timer will start ticking.

Click on the Confirm button to trigger the points redemption.

Upon confirmation, the corresponding amount of HSBC Rewards points would be deducted from our HSBC account.

If you find yourself needing just a tiny bit more Rewards points before you can make a redemption, especially when your Rewards points are going to expire, you might be thinking of topping up with additional Rewards points at SGD8 per block of 1,000 Rewards points.

However, there is one important criteria to take note of.

Top-up Rewards points cannot be used for redemption of air miles.

Make sure that you have planned ahead with sufficient leeway to earn your required number of miles before Rewards points start to expire.

Specific to cardholders of the HSBC TravelOne, the redemption process for air miles is via the mobile app, but there is no such option available if you are holding another card such as the HSBC Revolution.

Therefore, the web-based redemption process that I have outlined above is what most HSBC cardholders would be using.

According to HSBC, approximately three weeks is required to process the transfer of miles from a credit cardholder’s account to the credit cardholder’s personal frequent flyer account.

HSBC was quite specific to include this line so be sure to allocate yourself enough time and make early redemptions.

However, in my experience, I had initiated the air miles conversion on 04 December 2023 (Monday) and subsequently, the date of transaction was 08 December 2023 (Friday) when KrisFlyer Miles was credited into my account.

It seems like different people have had very different experiences, which is why I will be documenting my attempt to gather some of these data in a new article.

In the article, I will attempt 7 different redemptions of HSBC Reward Points on seven different days of the week, from Monday to Sunday.

Shifting our focus to the physical HSBC rewards voucher, it was supposed to reach within 7 working days, but I got mine about 2 weeks later. Having said that, it was a rather unnecessary piece of paper.

HSBC Resources

• HSBC Revolution Card – New Client Promo 2024
• HSBC Revolution Card – Official Website
• HSBC Revolution Card – 10X Reward Points Programme
• HSBC Mileage Programme – Sign Up Online
• HSBC Points To KrisFlyer Miles: Step-By-Step Guide
• HSBC Points To KrisFlyer Miles: How Long Does It Take?
• HSBC New Rewards System (28 May 2024)

My Air Miles Resources

Earn air miles and pay zero FX fees:

• I Used These 3 Credit Cards To Earn 500,000 Miles (2024)
• 1 Business Class Perk That Is Truly Important To Me
• 3 Reasons Why Earning Air Miles Will Always Be A Great Idea
• Why Trust & YouTrip Are The Best Zero FX Fees Travel Cards
• Convert All Payments Into Online Transactions With Amaze (Instarem)

Credit cards I use to earn air miles:

• HSBC Revolution (Online Spend) – How I Use it To Earn 80,000 Miles
• Citi Rewards ( Contactless Payment) How I Use It To Earn 100,000 Miles
• Citi PremierMiles (General Spend) – 2 Free Airport Lounge Visits
• Citi Prestige (General Spend) – Unlimited Airport Lounge Visits

Air miles redemption guides:

• How To Redeem Citi ThankYou Points And Citi Miles For KrisFlyer Miles
• How To Redeem DBS Points For KrisFlyer Miles
• How To Redeem OCBC Rewards Points (OCBC$) For KrisFlyer Miles
• How To Redeem UOB Rewards Points (UNI$) For KrisFlyer Miles

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Reader Interactions

February 24, 2024 at 12:33 am

I had initiated the KrisFlyer miles conversion on 16/2/24 but until now 24/2 still not credited in… ended up unable to redeem current Spontaneous Escape Feb promo for the flight I wanted so lesson learnt; do plan for early redemption for HSBC. Apparently theirs are the slowest among other banks despite paying $43 fee.

Found a tip from internet search (unsure how true): If transfer done before Thursday, should appear in your KF account by next Monday night. If it’s after Thursday, need to wait till next next Monday night.

February 25, 2024 at 4:51 pm

Hi Hokel, thanks for sharing your experience and I’m sorry to hear that.

Indeed, HSBC is the strictest and probably slowest when it comes to redemption based on what I’ve read on their website.

While my redemption was relatively quick (a few days), it would be best to buffer a lot more time.

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HSBC: How do I use the $100 HSBC Annual Travel Credit?

Following the acquisition of HSBC Bank by RBC , the HSBC World Elite ® Mastercard ® has now been discontinued since October 2023. For another great card with no conversion fees , consider the Scotiabank Passport™ Visa Infinite* Card.

$100 Annual Travel Enhancement Credit

With the HSBC World Elite MD Mastercard MD , you benefit from an annual $100 Travel Privilege credit . You must wait until the eligible travel expense has been charged to your account before you can use it, 60 days after the date of purchase.

You can use this travel credit for any purchase related to an airline ticket upgrade, baggage fees, seat selection or airport lounge admission. Some travel agencies may also qualify (such as Expedia ).

This credit must be used between the card purchase date and the annual renewal date (this credit is based on the anniversary date of your card account, not on the calendar year). If it is not used, it is lost.

You get this Travel-Privilege credit when subscribing to the HSBC World Elite ® Mastercard ® . This is in addition to the card’s other benefits, including the welcome bonus .

Access the HSBC Rewards portal

To use the Travel Privilège credit on your HSBC World Elite ® Mastercard ® , you must log in to your HSBC online account.

Then click on the link for your HSBC credit card. Another way is to go directly to the HSBC Rewards portal at this address .

Then click on ” View more details “.

When the details drop-down menu opens, click on ” Reward Points “. A page will open and you will be directed to the HSBC Rewards portal. Please make sure that your browser does not block this new window.

Choose the expense to apply the travel credit

Once on the HSBC Rewards portal, select “Travel Enhancement Credit ” from the” Travel ” menu. Alternatively, you can click on this link to go to this page.

Then all you have to do is check off the eligible expense( s) such as this Easyjet ticket upgrade. Then indicate the amount you would like to use.

This can be useful if you have several small fees (such as baggage fees, seat selection or airport lounge admissions).

Then click on “Add to shopping cart.”

Then, once in your cart, you will have to confirm once by clicking on “Proceed to checkout” .

Then a second time by entering your email address and clicking on “Redeem” .

The travel credit will then appear directly on your credit card account within 48 hours.

Note that travel expenses, such as with Expedia can also be accepted. Convenient for 100% cancelable hotel reservations .

Bottom Line

The HSBC World Elite ® Mastercard ® had an annual fee of $149. Using this $100 Annual Travel Privilège credit each year, you virtually lower your annual fee to $49 . What’s unique about a credit card :

• Mastercard World Elite (with insurance and accepted everywhere)
• No foreign currency conversion fees
• Earning 6 points per dollar on all travel purchases
• Earning 4 points per dollar for grocery, gas and drugstore purchases
• Earning 2 points per dollar on all purchases (including Costco)

And with reward points you can use on any travel purchase .

The HSBC World Elite MD Mastercard MD will be converted to an RBC credit card by the end of March 2024. Use your travel credit as soon as you can!

All posts by Audrey

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HSBC Travel Rewards Mastercard® Review 2023

Victor Irungu

Why you can trust us

The team at WealthRocket only recommends products and services that we would use ourselves and that we believe will provide value to our readers. However, we advocate for you to continue to do your own research and make educated decisions.

HSBC Travel Rewards Mastercard®

Rated 1.8/5 stars.

• 3 pts Earn 3 points per $1 spent on eligible travel-related purchases.
• 2 pts Earn 2 points per $1 spent on gas and transportation.
• 1 pt Earn 1 point per $1 spent on all other eligible everyday purchases.
• Welcome Bonus None
• Annual Rewards $142 Learn how we calculate this.
• Annual Fee $0
• Minimum Income Required None
• No annual fee
• $0 supplementary card fee

Travel insurance

• Extensive list of partners for rewards
• 2.5% foreign transaction fee
• Capped travel rewards amount of $6,000
• Low rewards for non-travel-related purchases

The HSBC Travel Rewards Mastercard is designed for the frequent traveller. This travel rewards credit card allows you to earn points on every purchase. You can use your points in one of three ways: for travel, for a statement or loan credit, convert into cash and save, or redeem for gift cards and merchandise at select partners.

In This Article

Hsbc travel rewards mastercard: an overview, hsbc travel rewards mastercard rewards, hsbc travel rewards eligibility, hsbc travel rewards interest rates and fees, hsbc travel rewards mastercard perks, compare hsbc travel rewards mastercard alternatives, our final thoughts.

The Royal Bank of Canada (RBC) will be purchasing HSBC Canada. As a result, HSBC products will be discontinued shortly. Please refer to the best credit cards in Canada for alternatives.

Are you looking for a credit card that rewards you for travelling? With generous discounts on travel bookings, valuable travel insurance, and a variety of rewards points, the HSBC Travel Rewards Mastercard ® is an all-in-one travel card that can help you save on your next trip.

This HSBC Travel Rewards Mastercard review discusses the features and benefits of this card. It outlines the rewards you can earn, explains how to redeem your points, and provides an overview of any additional perks or discounts associated with the card. Read on to learn more about this travel rewards credit card and if it’s right for you.

The HSBC Travel Rewards Mastercard is an excellent choice for travel junkies who want to maximize travel rewards. This card offers points on every purchase, additional points for travel-related purchases, and no annual fee. To redeem points for the best value, cardholders can apply their points to travel related purchases. This includes purchases made from airlines, hotels, campgrounds cottages, cruise lines, and more.

The HSBC Travel Rewards Mastercard offers points on almost all purchases made.

Eligible travel:  3 points per dollar spent with a cap amount of $6,000 per calendar year (after you reach the cap amount, you’ll earn 1 point per dollar)

Eligible gasoline and daily transit:  2 points per dollar spent

All other eligible purchases: 1 point per dollar spent

Redeeming rewards with the HSBC Travel Rewards Mastercard is simple. Your earned points will appear on your account, and you can redeem them either online or over the phone.

For travel-related purchases, your online account will have a tab titled “Redeem Now.” From there you can select “Travel” to find travel purchases or to book directly using your HSBC credit card. For a statement credit, cardholders can find all travel-related transactions made in the last 60 days to apply points directly to their purchase. This is useful because cardholders are not restricted to specific companies for travel expenses. All purchases of goods and services from airlines, car rental agencies, hotels, cottages, campgrounds, and more will show up as a travel-related purchase that users can apply points to.

Cardholders can use their points in three different ways:

• Travel: HSBC points can be used for all things travel related. Book transportation, hotels, cruises, rail tickets, and more directly on the rewards site. You can also redeem points for a statement credit toward travel purchases made online or through travel agents and charged to the card.
• Financial:  Use your points to achieve your financial goals. Convert your points for a credit toward your HSBC Bank Canada residential mortgage, credit card balance, or add the points to your HSBC personal savings account in the form of cash.
• Gift cards and merchandise: With an extensive list of exclusive partners, HSBC points can be used for Apple products, other electronics, accessories, home and beauty essentials, and hundreds of other items. Don’t see an item you like? HSBC has more than 50 gift card options and 3 charities to put points toward.

To apply for the HSBC Travel Rewards Mastercard, you must be of legal age and have a good  credit score of around 670 to 739. There is no minimum income requirement to qualify for the card or annual fee.

• Annual fee:  $0
• Foreign transaction fee: 2.5%
• Extra card fe e: $0
• Cash advance fee:  $5 (doesn’t apply to Quebec)

Interest rates

• Purchases: 20.99%
• Cash advances: 22.99%
• Cash advances (Quebec): 21.99%
• Balance transfers: 22.99%
• Balance transfers (Quebec): 21.99%
• Penalty APR: 25.99%

In addition to its rewards, this card offers a few extra benefits for travellers.

The HSBC Travel Rewards Mastercard comes with baggage delay, trip interruption, and hotel/motel burglary travel insurance. For a low annual premium of $69, you can tack on emergency medical coverage, too.

Extended warranty coverage

Extended warranty coverage, and purchase assurance offers extra security when making purchases with your card.

• Annual Rewards $142

TD First Class Travel® Visa Infinite* Card

• Welcome Offer Up to $800 value, including up to 100,000 Aeroplan points.
• Annual Fee $139
• Interest Rates Purchases: 20.99%, Cash Advances: 22.99%
• Recommended Credit Score 760 - 900

American Express Cobalt Credit Card

• Welcome Offer Up to 30,000 Membership Points
• Annual Rewards $1029
• Annual Fee $155.88

The HSBC Travel Rewards Mastercard is a good choice for those looking for an easy way to earn rewards points on travel-related purchases. The capped rewards amount may be an issue for some. However, the card provides a lot of value that can outweigh this factor. All in all, it’s a great option if you’re looking for an easy way to maximize your rewards while travelling.

Victor is a freelance content/SEO writer based in Kenya. He has 10 years’ experience covering financial topics such as cryptocurrency, forex trading, insurance, mortgages, and investing.

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HSBC Travel Rewards Mastercard: A New No-Fee Travel Card

Today, HSBC is introducing a brand-new credit card: the HSBC Travel Rewards Mastercard .

Let’s take a look at the features of this new product, and how this entry-level card with no annual fee might be valuable for you.

New HSBC Travel Rewards Mastercard

The HSBC Travel Rewards Mastercard is the bank’s new no-fee credit card for travel rewards. The card earns HSBC Rewards points, the same travel points currency as its higher-fee variants, the HSBC World Elite Mastercard and the HSBC +Rewards Mastercard .

As a welcome bonus, new cardholders who apply before May 2, 2022 will earn 20,000 points upon spending $2,000 in the first six months (with no spending requirement for Quebec residents ).

You’ll earn rewards on everyday spending as follows:

• 3 HSBC Rewards points per dollar spent on travel (up to $6,000 spent per year)
• 2 HSBC Rewards points per dollar spent on gas and transit
• 1 HSBC Rewards point per dollar spent on other purchases

The welcome bonus and earning rates are similar to the card’s entry-level peers from other big banks with a no-fee card which earns an in-house rewards currency, such as the CIBC Aventura Visa Card , the TD Rewards Visa Card , or the RBC Rewards+ Visa , with slight variations on which merchant categories earn at bonus rates.

The HSBC Travel Rewards Card also has decent insurance coverage for a no-fee card. It offers purchase protection for 90 days, and extended warranty of double the manufacturer’s warranty up to one year – both common on no-fee cards.

In addition, you’ll be covered for trip interruption, baggage delay, and hotel burglary when you book travel arrangements with this card – the latter being particularly notable for a no-fee credit card.

Unfortunately, the card levies the industry-standard 2.5% FX fee on foreign transactions, keeping the popular No FX Fee benefit in the domain of the more premium HSBC World Elite Mastercard.

• Earn 3 x HSBC Rewards points on eligible travel expenses *
• Redeem against travel purchases charged to the card *
• Annual fee: $0

How to Use HSBC Rewards Points

HSBC Rewards are one of our favourite points currencies because they’re very easy to use. You don’t have to book through their travel portal – instead, you can simply pay for any travel expense with your credit card, and later apply your rewards as a statement credit to cover the expense.

Used this way, HSBC Rewards have a fixed value of 0.5 cents per point (cpp), or 200 points = $1. Effectively, this means you’ll earn 1.5% back on travel purchases, 1% back on gas and transit, and 0.5% back on everything else with the new HSBC Travel Rewards Mastercard.

With the higher-tier HSBC World Elite and +Rewards cards, points can also be transferred to three airline partners: British Airways Avios , Cathay Pacific Asia Miles , and Singapore KrisFlyer . However, this option isn’t available with the HSBC Travel Rewards Card, so the fixed value of 0.5cpp is the only meaningful way to redeem points for travel.

Lastly, note that you’ll need a minimum of 25,000 HSBC Rewards points in order to redeem for anything. With the welcome bonus of 20,000 points from the HSBC Travel Rewards Mastercard, you’ll need to top-up with some further spending before you’ll be able to put your points to a good use.

The HSBC Credit Card Portfolio

Long-term, as a card with no annual fee, the HSBC Travel Rewards Mastercard would be a good downgrade option if you are thinking about cancelling your HSBC World Elite Mastercard or HSBC +Rewards Mastercard but want to keep your points alive or preserve an old credit account .

However, either of the higher-tier cards would be a better choice for a new signup if you qualify for them, with larger welcome bonuses and a first year annual fee waiver on both products.

After that, you can reevaluate the value proposition in the second year, and consider switching to the no-fee HSBC Travel Rewards Card. 

While the HSBC World Elite Mastercard is one of my favourite cards in Canada, it has always stuck out like a sore thumb in that it’s long been the only compelling card offered by a rather large bank. With a new basic travel credit card in the market, HSBC is less looking to make a splash, and more looking to round out their portfolio.

Ultimately, while the HSBC Travel Rewards Mastercard fills a useful supporting role, it isn’t remarkably inspiring for a savvy points collector.

The card offers a modest welcome bonus with comparable earning rates for those who are seeking a basic travel rewards credit card, while bringing a long-awaited no-fee downgrade option for longtime cardholders who may be looking to retire their World Elite card. 

*Terms and Conditions apply

®/TM Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Used pursuant to license.

I have the HSBC WEM and they changed the online banking site. I used to be able to have the option to redeem/use travel rewards but now with the new updated site, I don’t know where to find it!

You cannot transfer the HSBC Rewards from this card out to airline partners…Which further pushes this card into a niche role.

It is one of the stronger no-fee cards on the insurance side, but if you’re trying to min-max with one A/M/V, it’s not clear why you’d take this over other no-fee Mastercards if you’re not already in bed with HSBC.

Does HSBC product switch yield sign up bonus? I have the HSBC WEM…wouldn’t mind downgrading now that im into second year…have not been able to use the points so that alone is great, but getting an extra 20,000 points would be bonus!

I’m in the same boat as you, my WEM renewed last November for it’s second year. I just called in to either cancel and get my prorated annual fee back, or PS to Travel Rewards. The rep waived my annual fee for this year, and said that the 20k welcome bonus only applies to new accounts, so you won’t get the points from downgrading the WEM

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Using your Rewards Credit Card

How to collect and redeem reward points

Representative 23.9% APR (variable). Credit is subject to status

Let your purchases pay you back

Collecting and spending reward points is what your Rewards Credit Card is all about. Register with the Mastercard Pay with Rewards app or website, then use your points to save money on whatever you fancy.

They’re your points. Enjoy them your way.

Watch our quick-start guide

How to collect reward points.

There’s nothing to it. Every time you make a purchase 1 using your HSBC Rewards Credit Card, you’ll automatically collect reward points. 100 points equals £1.

Collect points when you spend

You’ll collect 1 reward point for every £5 you spend on your card, online or in store.

£5 spent = 1 point

Get extra points at selected merchants

Earn up to 10 points for every £1 you spend at selected stores, including Groupon, Sweaty Betty and Urban Outfitters.

Log on to Mastercard Pay with Rewards for a full list of stores .

£1 spent = Up to 10 points

Enjoy bonus points too

When you make your first purchase you’ll receive 2,500 bonus points (worth £25). You’ll also receive the same number of bonus points if you spend £10,000 or more on your card in a year. 2

2,500 points per bonus

How to redeem your reward points

To get started, register with Mastercard Pay with Rewards via the app or website. Then you can use your points to save money on whatever you want, whenever you want, online or in stores.

1. Log on to Pay with Rewards

When you’d like to use your points towards a purchase, log on to the Mastercard Pay with Rewards app or website. Find out how to register below.

2. Turn on 'Next purchase'

Switch on 'Next purchase' to use your points towards the next thing you buy. Alternatively you can set your preferences to use your points automatically as soon as you get them.

Don’t worry if you forget to do this. You can use your points against purchases you’ve made in the past 7 days.

3. Use your card as usual

Use your card as you normally would. The monetary equivalent of your points will be credited to your account, saving you money on what you’ve bought. 

Get started now

Register with mastercard pay with rewards.

Got your card? Register with Mastercard Pay with Rewards and start using your reward points right away:

• check your reward points balance, 24/7
• see which merchants are offering extra reward points
• redeem your reward points whenever you want

Download the app today

Prefer to use the website? Register here

• Pay with Rewards FAQs  

Who can apply for a Rewards Credit Card 

You can apply for a Rewards Credit Card if you’re 18 or older, live in the UK and have an annual income of £6,800 or more (before tax).

You’ll also need to have either:

• an HSBC Advance Bank Account
• paid at least £1,750 a month (or a total of at least £10,500) into an HSBC Bank Account or HSBC Premier Bank Account over the past 6 months.

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HSBC Rewards Credit Card

The credit card that rewards you when you shop.

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Take a look at our full range and find the right card for you.

Rewards credit cards explained

Learn about the different kinds of rewards credit cards you can get.

Additional information 

1 You’ll earn reward points for any purchases you make with your card. However, you won’t earn reward points on the following things: ATM cash withdrawals; cash advances or cash related payments; balance transfer transactions; tax payment transactions; or any fees or charges incurred through using your credit card.

2  To get these ‘anniversary’ bonus points, you’ll need to make £10,000+ worth of eligible spending in a 12 month period, which starts from the date you opened your credit card account. ‘Eligible spending’ means all purchases with the exclusion of the following things: ATM cash withdrawals; cash advances or cash related payments; balance transfer transactions; tax payment transactions; or any fees or charges incurred through using your credit card. You can earn anniversary bonus points for each of the first 5 years you have your card. They are paid on the anniversary date of when you opened your account.

Customer support

Please be aware of scammers that pretend to be from HSBC. Scammers may ask you for security codes over the phone or via text messages. They might try to contact you in the same text message thread that has legitimate messages from HSBC. Never share your log on credentials or authorisation codes with anyone, such as codes to register your device for mobile banking, to verify your identity, or to authorise a transaction. Contact us now if you are worried about fraud on your account, or to learn more about common types of fraud or scams.

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HSBC Rewards

Rewards plus program.

Make your points count with a Cash Back to your HSBC credit card

Shop til you drop with gift cards from leading retailers

Reward yourself with an amazing break.

• Log on to redeem now   Log on to redeem now find out more about Redeem now This link will open in a new window

Other HSBC Rewards Options

Travel in style with 2 complimentary airport lounge passes with LoungeKey every year if you're an eligible Visa Platinum cardholder, giving you access to over 1,100 airport lounges worldwide.

home&Away

Discover a world of unique experiences and exclusive discounts you can access, just by using your HSBC card.

Travel Insurance

Travel with confidence that you are covered with complimentary International Travel Insurances, including rental vehicle insurance excess cover.

Your one stop destination for all the latest offers and special deals, just by using your HSBC credit card

HSBC Instant Savings

Over over 4,500 ways to save instantly, with a complimentary membership to Frequent Values™

Frequently asked questions

Frequently asked questions about HSBC Rewards Plus

Terms & Conditions 

For Credit Card Rewards Program T&C’s, please visit hsbc.com.au/credit-cards/terms/

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Credit card rewards

Find out the rewards you can get with your HSBC credit card

If you've got one of these credit cards, you can still earn and redeem Reward points:

• HSBC Smart Value Credit Card
• HSBC Makemytrip Credit Card
• HSBC Gold Credit Card
• HSBC Classic Credit Card

How you can use your Rewards points

The HSBC Rewards Programme helps you get more out of your money every time you shop with your Smart Value credit card.

Redeem for vouchers

Redeem your points for vouchers across a variety of categories including jewellery, fashion accessories, apparel, home appliances, electronic equipment and cosmetics. 

Convert your points into air miles with Club Vistara, Air India's Flying Returns, Etihad Airways, British Airways and Singapore Airlines.

How to redeem your Rewards points

How to redeem for vouchers.

You can redeem your Reward points for a wide variety of items in our Rewards Catalogue. You'll need your online banking ID and password to redeem points online. 

• Visit the HSBC India Rewards Platform .
• Select your credit card.
• Choose your e-Gift Voucher or charity donation.
• Add the item to your basket.
• Log in to redeem your voucher.

How to redeem for air miles

You can redeem your Reward points for airline miles from Club Vistara, Air India's Flying Returns, Etihad Airways, British Airways and Singapore Airlines. 

At the moment, it is not possible to convert your Reward points into air miles online, so they are not listed in our Rewards Catalogue.

You can convert your points into air miles by downloading and completing the redemption form (PDF, 1.3MB) , or by calling us .

• Download redemption form (PDF, 1.3MB) Download redemption form (PDF, 1.3MB) Download

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Hsbc visa platinum credit card.

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Amtrak Guest Rewards: How to earn and redeem points with train travel

W hether you want to save money on expensive airline tickets or experience a different mode of travel transportation, you might consider taking the train . While the American train system pales in comparison to many European and Asian train systems, it can still offer a convenient alternative to flying.

If you do decide to take the train in the United States, Amtrak, which operates most of the medium- and long-haul passenger trains, offers its own loyalty program to reward frequent customers with free rides.

Keep reading to find out everything you need to know to maximize the Amtrak Guest Rewards program, including how to earn points, elite status, lounge access and more.

What is Amtrak Guest Rewards?

Amtrak operates the vast majority of intercity passenger rail routes in the U.S. From short-haul to cross-country routes, you can take the train to over 500 destinations in 46 states and Canada. Amtrak's fleet includes a mix of trains with standard coach, business-class and first-class seating, private rooms, and auto trains .

If you want to earn rewards on your train rides, your only option is to credit your points to Amtrak's own Amtrak Guest Rewards program. You earn and redeem points primarily based on ticket price and seating class. Depending on how much you spend or how often you travel in premium cabins, you may be able to earn one of three elite status levels .

Amtrak doesn't use an award chart but instead prices its award tickets at a fixed valuation of about 2.67 cents per point.

Amtrak doesn't partner with any major transferable points programs , such as Chase Ultimate Rewards or American Express Membership Rewards . However, Amtrak Guest Rewards points can be transferred to and from Audience Rewards ShowPoints , which lets you earn on ticket purchases to Broadway and other live shows.

Most of the time, you'll earn Amtrak Guest Rewards points for riding trains or spending on cobranded credit cards, but there are multiple ways to earn and redeem within the program.

Related: Amtrak debuts new self-check-in option on Acela trains

How to earn Amtrak Guest Rewards points

There are various ways to earn Amtrak points, including ones that don't require you to leave your home. Amtrak points expire after 24 months of inactivity, so be sure to keep your points active with any qualifying activity discussed below.

Earn Amtrak points by taking the train

The most common way to earn Amtrak points is from your paid train tickets. Members earn 2 points per dollar spent, plus a 25% bonus for business-class travel and a 50% bonus for Acela First class. You can also earn a 500-point bonus for referring a friend to the Amtrak Guest Rewards program.

Amtrak routinely offers promotions for discounted tickets and extra points. There's often no limit to how many bonus points you can earn with these promotions, but registration is typically required.

Related: An exclusive behind-the-scenes look at a few of the most important Amtrak operations centers

Earn Amtrak points through partners

Amtrak also has several retail and specialty partners , such as Teleflora, 1-800Flowers.com, NRG and Vinesse Wines, that let you earn bonus points.

Amtrak even operates an online shopping portal , which offers up to 14 points per dollar spent at select merchants .

You can also buy points , but we typically only recommend doing so if you're just short of the points you need for a specific award.

Transfer points to Amtrak

While Amtrak doesn't partner with any major programs with transferable currencies like Chase or Amex , you can transfer points to and from Audiece Rewards ShowPoints. These points can be transferred at a 1:1 ratio in increments of 1,000 both ways.

Earn points with Amtrak credit cards

If you find yourself frequently traveling on Amtrak, you might want to consider applying for one of two cobranded credit cards issued by First National Bank of Omaha.

The no-annual-fee Amtrak Guest Rewards® Mastercard® offers 12,000 points after you spend $1,000 in the first three billing cycles of account opening.

Meanwhile, the Amtrak Guest Rewards® Preferred Mastercard® comes with a $99 annual fee but offers 40,000 points after you spend $2,000 in the first three billing cycles of account opening. This welcome bonus is valued at about $1,068, based on Amtrak's fixed award valuation of about 2.67 cents per point.

The information for the Amtrak Guest Rewards Mastercard and the Amtrak Guest Rewards Preferred Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related: Best credit cards for train travel

Here's a breakdown of each card's benefits:

The Amtrak Guest Rewards Preferred Mastercard includes a round-trip companion coupon upon account opening and at each card anniversary, a one-class upgrade, a station lounge pass and 1,000 tier qualifying points for every $5,000 in qualifying purchases each calendar year.

Both cards include a 5% rebate when redeeming Amtrak points for travel and no foreign transaction fees. Points don't expire on either card as long as the card account remains open.

How to redeem Amtrak points

Amtrak points can be quite valuable, and searching for award space on Amtrak's website is very easy. To search for an award ticket, select "Use Points" in the upper right-hand corner.

Though Amtrak doesn't use a fixed award chart, much like Southwest Airlines or JetBlue , the reward prices are roughly tied to the ticket's cash cost, and you'll get a fixed value of about 2.67 cents per point.

Redeem points for Amtrak train tickets

For example, let's say you want to book a popular train route, such as this one from New York to Washington, D.C.

Looking at a sample date in June, the standard Northeast Regional train starts at 750 points for a coach seat or 3,113 points in business class. This corresponds to cash prices of $20 for a coach ticket and $83 for a business-class ticket; therefore, you'd be getting a fixed valuation of 2.67 cents per point.

Amtrak runs dozens of trains on this route each day, with the price varying, depending on the type of train (Acela versus Northeast Regional), fare class and departure time.

If your travel time extends beyond a few hours, you may consider using your points to book a private room on some of Amtrak's lengthier, more scenic routes. For example, you can book this 46-hour journey from Chicago to Seattle. A sleeper compartment on this nonstop journey costs just under 37,000 points versus $980 cash.

If you're curious about what 45 hours on a train feels like, make sure to check out TPG's review of the Superliner Roomette from Chicago to Portland, Oregon . Senior writer Katie Genter booked the tickets on sale for $448 per person for the one-way trip. Besides the subpar dining experience, she enjoyed the scenic journey (though she admits that spending that long on a train certainly isn't for everyone).

Related: 11 mistakes people make when taking a cross-country Amtrak train

Redeem points for non-train travel

Amtrak also gives you the option to redeem your points for other travel experiences , such as hotels, rental cars and cruises.

A $50 gift card for Airbnb, Hotels.com, Uber or Disney will set you back 6,000 points. That means Amtrak is valuing your points at 0.83 cents apiece for these redemptions, which is subpar compared to the 2.67 cents per point you can get when redeeming your points for train travel.

Amtrak Guest Rewards elite status

Amtrak Guest Rewards offers three elite status tiers , which include opportunities to earn bonus points, upgrades and lounge access. Qualification is based on your yearly total of tier qualifying points.

Basic members earn 2 points per dollar spent, plus a 25% bonus for business-class tickets and a 50% bonus on Acela first-class tickets. Amtrak Guest Rewards Preferred Mastercard cardmembers can also earn 1,000 TQPs for every $5,000 spent on their card.

Perks for earning elite status with Amtrak Guest Rewards are as follows:

All elite tiers come with two 10% discount coupons, priority call handling and exclusive offers. Select Executive members are automatically registered for promotions.

Related: The complete guide to Amtrak Guest Rewards elite status

Amtrak lounge access

You can find Metropolitan Lounges in Boston, Chicago, Los Angeles, New York, Philadelphia, Portland and Washington. Amtrak also offers unstaffed waiting rooms in New Orleans, St. Louis, St. Paul-Minneapolis and Wilmington, Delaware.

Access is available to those with a same-day ticket and one of the following:

• Amtrak Guest Rewards Select Plus or Select Executive elite status
• Amtrak Guest Rewards station lounge pass
• First-class ticket
• Private-room ticket
• Business-class passengers (Portland and St. Louis only)

Business-class passengers can purchase daypasses for lounge use for $35 at select locations — Chicago, Philadelphia and Boston — or spend $50 for a daypass to access New York's location. Pacific Surfliner business-class passengers have the option to purchase a $25 daypass for the lounge in Los Angeles.

Related: NYC's hottest new bar? Amtrak's Metropolitan Lounge

Bottom line

Amtrak may not be quite as popular as airlines in the U.S., but the company is working on turning that around. Amtrak can be a solid alternative to flying for many short trips, especially up and down the coasts.

Amtrak points can also be valuable, especially for trips where the cheapest tickets are already sold out.

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

What is the new Chase welcome bonus? 

About chase’s premium travel cards, how can i redeem the bonus, do i qualify for chase’s 75,000-point bonus , don’t miss it. chase’s 75,000 point limited-time welcome bonus is here -- but not for long.

Now's your chance. This bonus could be worth over $1,000, depending on the card and how you redeem your points.

Dashia Milden

Dashia is a staff editor for CNET Money who covers all angles of personal finance, including credit cards and banking. From reviews to news coverage, she aims to help readers make more informed decisions about their money. Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, technology and fintech.

Evan Zimmer

Staff Writer

Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ZDNET Finance to cover credit card, banking and blockchain news. He currently works with CNET Money to bring readers the most accurate and up-to-date financial information. Otherwise, you can find him reading, rock climbing, snowboarding and enjoying the outdoors.

The editorial content on this page is based solely on objective, independent assessments by our writers and is not influenced by advertising or partnerships. It has not been provided or commissioned by any third party. However, we may receive compensation when you click on links to products or services offered by our partners.

If you’ve been eyeing one of Chase’s Sapphire credit cards, now’s the time to apply. 

Chase is offering a limited-time 75,000-point welcome bonus if you open a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® and spend $4,000 within three months. 

“This is a strong bonus on an excellent card,” said Jason Steele, a credit card expert and CNET Expert Review Board member. “It’s not the highest ever, but it’s better than the standard offer on cards that should be in the wallets of anyone who wants to earn travel rewards.” 

We don’t know how long the limited-time bonus will be around, but history tells us that it won’t be here forever. Here’s what to know about the boosted bonus and which cards qualify for it. 

Starting now, if you spend $4,000 on qualifying purchases within the first three months of opening a Sapphire Preferred or Sapphire Reserve card, you’ll receive 75,000 points. That means you’ll need to spend at least $1,334 per month to earn the bonus. 

That’s a 15,000-point increase from Chase’s typical 60,000 bonus with the same spending requirement and timeframe. 

To earn this bonus, you can pay your bills with your credit card to reach the bonus faster. Or you may be able to earn the bonus if you have a big purchase coming up that you already have the money set aside for, such as home renovations or travel. 

Never overspend to earn a credit card welcome bonus. If you’re not able to pay off your balance in full each month, the interest you accrue could quickly wipe out any value you earn in rewards. If you can’t comfortably spend $1,334 per month, it’s not worth trying for this bonus.

The Sapphire Preferred is already our top travel credit card pick. Beyond the welcome bonus, these two popular travel cards have some useful perks for booking a flight or taking a road trip. Have a plan in place for how you want to use the card before applying. 

“Both of these cards have excellent travel insurance and purchase protection benefits,” Steele said. “The CSR even has paid roadside assistance and emergency evacuation coverage. Both have primary automobile insurance, along with trip delay and trip cancellation coverage.”  

But there are big differences, such as the annual fee, cardholder credits and rewards rates -- which can all make a big difference in the long run. Here’s a quick look at both cards and a comparison to help you determine which one is best for you. 

Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

Read more: Chase Sapphire Preferred Card vs. Chase Sapphire Reserve: Which Is Better?

This boosted welcome bonus could help you earn a free flight, hotel stay or other travel accommodations just in time for an end-of-summer trip -- if you earn the bonus before the three-month period ends. 

If you redeem the rewards for travel using Chase Travel℠, you’ll redeem points at a boosted rate of 1.25 cents per point with the Sapphire Preferred and 1.5 cents per point with the Sapphire Reserve. That means it could be worth $937 to $1,125.

Beyond the Chase portal, you may also be able to redeem your points at an even higher rate with Chase’s travel partners .

You can also redeem the points toward other purchases, gift cards and statement credits but at a lesser value.  

Read more: 6 Reasons the Chase Sapphire Preferred Should Be Your Next Credit Card

Chase’s travel cards usually require good to excellent credit -- so a FICO score of 670 or higher. There are also a few other factors that would disqualify you: 

• You cannot be a current Sapphire cardholder. 
• You cannot have earned a Chase Sapphire bonus in the past two years. 
• You must not have exceeded Chase’s 5/24 rule, which means you cannot have applied for five cards within the past 24 months from any issuer. 

If you’re unsure, it’s best to call Chase’s customer service line at 1-800-432-3117 for questions and assistance.

Recommended Articles

Pairing the chase sapphire preferred card and chase freedom unlimited to level up your rewards, chase trifecta: how to use multiple credit cards to maximize your rewards, save on food, travel and more: how to maximize the chase sapphire preferred card, 5 common questions people ask me as a credit card editor.

CNET editors independently choose every product and service we cover. Though we can’t review every available financial company or offer, we strive to make comprehensive, rigorous comparisons in order to highlight the best of them. For many of these products and services, we earn a commission. The compensation we receive may impact how products and links appear on our site.

The complete guide to Chase Ultimate Rewards

Chase Ultimate Rewards points give you access to some of the best hotel and airline transfer partners in the business, as well as Chase Travel℠ , the issuer's easy-to-use travel portal that allows you to redeem points for a wide variety of bookings, including rental cars, hotels, flights, tours and activities.

Despite increasing competition from American Express Membership Rewards , Citi ThankYou Rewards, Capital One miles and Wells Fargo Go Far Rewards , Chase Ultimate Rewards has maintained its place as one of the most valuable and useful points currencies.

If you're ready to get serious about traveling more for less, here's everything you need to know about how to earn and redeem your Chase Ultimate Rewards points.

What are Chase Ultimate Rewards points?

Ultimate Rewards points are the currency of most Chase-branded credit cards . You can earn Chase Ultimate Rewards points for everyday spending on these cards that you can then redeem for a wide range of rewards.

If you're just getting started in the world of travel credit cards, it's typically best to start with Chase products , thanks to the issuer's well-documented 5/24 rule . In short, you generally can't get approved for any Chase cards — including those that earn Ultimate Rewards points — if you've applied for five or more new credit cards across all banks in the past 24 months.

Keep this restriction in mind as you build a strategy to maximize your credit card rewards.

Related: The ultimate guide to credit card application restrictions

How do I earn Chase Ultimate Rewards points?

There are many ways to earn Chase points at rates of 1 to 10 points per dollar spent, depending on the specific Chase credit card you carry.

The first three cards below earn fully transferable Ultimate Rewards points all by themselves, while the remaining four are technically billed as cash-back credit cards .

However, if you have a full Ultimate Rewards points-earning card, you can combine your Chase cash-back rewards in a single account, effectively converting your cash-back rewards into fully transferable points. For this reason, having more than one Chase card can make sense to maximize your earning and redeeming potential.

Here are the seven cards that allow you to earn Chase Ultimate Rewards points.

Chase Sapphire Preferred® Card

Welcome bonus : You'll receive 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening. That's worth over $900 when redeemed through Chase Travel.

Why you want it : This is a fantastic all-around travel credit card . It earns points at the following rates:

• 5 points per dollar spent on Lyft (through March 2025)
• 5 points per dollar spent on all travel purchased through Chase Travel
• 3 points per dollar spent on dining , including eligible delivery services, takeout and dining out
• 3 points per dollar spent on select streaming services
• 3 points per dollar spent on online grocery purchases (excluding Target, Walmart and wholesale clubs)
• 2 points per dollar spent on all other travel
• 1 point per dollar spent on all other purchases

The Sapphire Preferred has no foreign transaction fees and comes with many travel perks , including delayed baggage insurance, trip interruption/cancellation insurance and primary car rental insurance .

Annual fee : $95

Application link: Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

Welcome bonus : You'll receive 75,000 points after you spend $4,000 on purchases in the first three months from account opening. That's worth $1,125 when redeemed through Chase Travel.

Why you want it : Put simply, you want this card for its earning power and its travel perks that can easily cover the annual fee. It accrues the following earnings:

• 10 points per dollar spent on Lyft (through March 2025)
• 10 points per dollar spent on Chase Dining booked through Ultimate Rewards
• 10 points per dollar spent on hotel and car rental purchases through Chase Travel
• 5 points per dollar spent on airline travel booked through Chase Travel
• 3 points per dollar spent on travel not booked through Chase
• 3 points per dollar spent on other dining purchases
• 1 point per dollar spent on all other eligible purchases

Other perks include an easy-to-use annual travel credit worth $300, a fee credit for Global Entry or TSA PreCheck (up to $100 once every four years) and Priority Pass Select lounge access, as well as entry to the growing list of new Sapphire lounges . This is one of the few cards that allows you to use your Priority Pass membership for discounted meals in airport restaurants , though this benefit will no longer be available from July on. Cardholders also get primary car rental coverage, trip interruption/cancellation insurance and other protections .

Annual fee : $550

Application link: Chase Sapphire Reserve®

Ink Business Preferred® Credit Card

Welcome bonus : You'll receive 100,000 points after you spend $8,000 on purchases in the first three months from account opening.

Why you want it : This is one of the best credit cards for small-business owners , earning 3 points per dollar on the first $150,000 spent in combined purchases on travel, shipping, internet, cable and phone services, and advertising made with social media sites and search engines each account anniversary year. You earn 1 point per dollar spent on all other purchases, and points don't expire as long as your account is open.

Application link: Ink Business Preferred® Credit Card

Ink Business Cash® Credit Card

Welcome bonus : Earn up to $750: $350 bonus cash back after you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months from account opening.

Why you want it : Earn 5% cash back on the first $25,000 in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%). Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%). You can convert these earnings to Ultimate Rewards points if you have one of the three cards above.

Annual fee : $0

Application link: Ink Business Cash® Credit Card

Ink Business Unlimited® Credit Card

Welcome bonus : Earn up to $750 cash back (which can become 75,000 Ultimate Rewards points) after you spend $3,000 on purchases in the first three months your account is open. Plus, an additional $400 when you spend $6,000 on purchases in the first six months after account opening.

Benefits : Earn unlimited 1.5% cash-back rewards on every purchase. These cash-back earnings can be converted to Ultimate Rewards points if you have one of the top three cards listed above, meaning your small business can essentially earn 1.5 points per dollar spent on all charges made with this card.

Application link: Ink Business Unlimited® Credit Card

Chase Freedom Flex℠

Welcome bonus : Earn $200 after you spend $500 in the first three months of account opening

Benefits : The card earns 5% back on select bonus categories, which rotate every quarter and apply up to $1,500 in combined spending (activation required). Past bonus categories include gas stations, supermarkets, restaurants, warehouse stores and department stores. You can convert these rewards to valuable Ultimate Rewards points if you have one of the top three cards listed above. Plus, earn 5% on travel purchased through Chase Travel, 3% on dining at restaurants (including takeout and eligible delivery services) and 3% on drugstore purchases.

Application link: Chase Freedom Flex℠

Chase Freedom Unlimited®

Welcome bonus : Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year), worth up to $300 cash back.

Benefits : These earnings can be converted to valuable Ultimate Rewards points if you have one of the top three cards listed above. Plus, earn 5% on travel purchased through Chase Travel, 3% cash back on dining at restaurants (including takeout and eligible delivery services) and 3% on drugstore purchases. Earn 1.5% on all other purchases. The card also offers 120-day purchase protection and extended warranty protection .

Application link: Chase Freedom Unlimited®

Other Chase credit cards

Note that there are many other Chase-issued credit cards that aren't listed here, including:

• Those that are no longer available to new applicants, like the Ink Plus and Chase Freedom
• Those that don't fully participate in the Ultimate Rewards program, like the Ink Business Premier® Credit Card , which exclusively offers cash back and doesn't allow rewards to be combined with other cards
• Cobranded products with a partner's loyalty program, like United Airlines cards and Southwest Airlines cards , which don't participate in Ultimate Rewards

Do Chase Ultimate Rewards points expire?

Chase Ultimate Rewards points do not expire, provided you keep at least one card that earns Ultimate Rewards points open.

If you cancel all your Ultimate Rewards cards, you must redeem or transfer your points before closing the last card. Otherwise, you will forfeit the points.

What are Chase Ultimate Rewards points worth?

TPG values Ultimate Rewards points at 2.05 cents apiece . This is largely due to the array of valuable transfer partners like World of Hyatt and United Airlines MileagePlus, as these options give you valuable flexibility in your redemptions.

However, you'll get varying values for Chase points if you pursue other redemption opportunities. For example, Ultimate Rewards points are worth 1.5 cents apiece through Chase Travel for Sapphire Reserve cardholders and 1.25 cents for those with the Sapphire Preferred or Ink Business Preferred. You'll also have access to Chase Pay Yourself Back as a cardholder of any of the above cards, and there are occasionally offers to use Chase points for Apple products or gift cards at an enhanced value.

Finally, Chase points are worth 1 cent apiece if used for simple cash back.

What are the Chase Ultimate Rewards transfer partners?

You can transfer Ultimate Rewards points to 11 airline programs:

• Aer Lingus AerClub
• Air Canada Aeroplan
• Air France-KLM Flying Blue
• British Airways Executive Club
• Emirates Skywards
• Iberia Plus
• JetBlue TrueBlue
• Singapore Airlines KrisFlyer
• Southwest Airlines Rapid Rewards
• United Airlines MileagePlus
• Virgin Atlantic Flying Club

Chase also partners with three hotel programs:

• IHG One Rewards
• Marriott Bonvoy
• World of Hyatt

All transfer ratios are 1:1 (though there are occasional transfer bonuses ), and you must transfer points in 1,000-point increments.

Options to redeem Ultimate Rewards points

When redeeming Ultimate Rewards points, you have three basic options:

• Fixed-value, non-travel redemptions (e.g., cash back, gift cards, Apple products)
• Fixed-value Chase Travel bookings
• Transfers to travel partners

The "best" option comes down to your travel needs. Points are here to save you money, and you should use them when it suits you.

That being said, you should aim for the highest value whenever possible. Here's a look at all of your options.

Transfer to travel partners

Transferring Ultimate Rewards points to travel partners often can be the most valuable way to redeem your hard-earned points. With 14 transfer partners, you have plenty of options, and you can keep your Chase points in your Ultimate Rewards account until you are ready to transfer them, which provides excellent flexibility. Our favorite sweet spots include:

• Top-tier Hyatt hotels : The World of Hyatt award chart is incredibly inexpensive compared to some competitors. You can book some of the fanciest Park Hyatt properties in the entire portfolio, including the Park Hyatt New York and the Park Hyatt Sydney , for 35,000 points per night during off-peak dates. TPG values Hyatt points at 1.7 cents each, so 35,000 points are worth $595. That's a great deal for hotels that routinely sell for close to $1,000, even when demand is low. There's also great value at the lower end of the Hyatt award chart. Category 1 hotels range from 3,500 to 6,500 points per night, depending on peak, standard and off-peak pricing.
• Iberia flights to Madrid : Round-trip flights from New York's John F. Kennedy International Airport (JFK), Chicago's O'Hare International Airport (ORD) and Boston Logan International Airport (BOS) to Spain's capital will only set you back 34,000 Avios in economy, 51,000 points in premium economy or 68,000 points in business class when you transfer your Chase points to Iberia Plus. Considering that most airlines charge at least 60,000 miles for a one-way business-class award to Europe, you're essentially getting a 50% discount.
• Flights to Hawaii with Alaska Airlines and American Airlines : By transferring your Ultimate Rewards points to British Airways, you can book awards with Oneworld partners American Airlines and Alaska Airlines. As long as your nonstop flight distance is under 3,000 miles each way, you can leverage British Airways' (unpublished) distance-based award chart to fly from any West Coast gateway to Hawaii for only 26,000 Avios round-trip.
• All Nippon Airways flights booked through Virgin Atlantic : For just 145,000 points, you can fly round-trip in first class between the West Coast and Tokyo. Flights from other U.S. gateways only cost an extra 25,000 points (170,000 points round-trip). Business-class redemptions are an even better deal, costing just 90,000 to 95,000 points round-trip, depending on your U.S. departure airport. If possible, you'll want to route through JFK and fly ANA's "The Room" business class , which is only available on select routes.
• Short-haul flights to Canada : Aeroplan stuck to an award chart for partner redemptions but added dynamic pricing for Air Canada flights. As a result, you can often find super-cheap short-haul tickets from the U.S. to Canada. For example, a flight from JFK to Toronto Pearson Airport (YYZ) can be booked for under 6,000 points one-way on many dates.

Book via Chase Travel

You can book through Chase Travel and redeem points for your plane tickets, hotel stays, rental cars or experiences at a fixed cash value per point.

As a Chase Sapphire Preferred or Chase Ink Business Preferred cardholder, each point is worth 1.25 cents. If you have the Chase Sapphire Reserve, your points are worth 1.5 cents each toward travel redemptions in the portal. If you have a Chase Freedom Flex, Ink Business Unlimited Credit Card, Ink Business Cash Credit Card or Chase Freedom Unlimited, all points are worth 1 cent each.

However, as noted previously, if you have multiple cards earning Ultimate Rewards points, you can combine your points into the account with the highest value for Ultimate Rewards bookings. For example, your points earned with the Chase Freedom Flex can be moved to your Sapphire Reserve account, thus increasing their value from 1 to 1.5 cents apiece. This is a generous offer from a credit card program.

If you can find inexpensive airfare via Chase Travel, using your points for these flights can make sense to save cash. In the eyes of the airline, tickets booked this way are essentially the same as paid fares. This means you'll earn elite status credits and redeemable miles. Be careful to avoid basic economy tickets unless you are OK with their restrictions.

In the case below, spending 2,973 Ultimate Rewards points from a Sapphire Reserve account to fly from Newark Liberty International Airport (EWR) to Fort Lauderdale-Hollywood International Airport (FLL) isn't too shabby.

You might also consider the travel portal option if you only have a handful of Ultimate Rewards points left since Chase lets you redeem points to cover even just a portion of the trip cost. You would then pay the remaining balance with cash.

Finally, this is a decent option for car rentals, non-chain lodging and when cash rates make spending points through transfer partners a bad value. The hotel options are quite varied, though be aware that if you book a hotel that participates in a major loyalty program through Chase, you likely won't earn hotel points, nor will you be able to take advantage of any elite status perks.

Enjoy fixed-value, non-travel redemptions

You can redeem Chase points for a statement credit or bank deposit at a flat rate of 1 cent each, and this rate also applies to gift cards and Apple products (outside a limited-time special).

However, with Chase Pay Yourself Back, you can redeem points for cash back at a rate of 1.25 to 1.5 cents each, depending on your card. This redemption rate is valid on statement credits toward rotating purchase categories, such as dining.

Finally, you can also link your eligible Chase cards to your Amazon account and pay for purchases with the Shop With Points program. However, you will only receive a value of around 0.8 cents per Ultimate Rewards point.

As you can see, you'll generally get much better value with the program's transfer partners and Chase Travel bookings. However, we know needs can change, so these non-travel redemptions remain fall-back options.

Bottom line

Chase Ultimate Rewards is one of our favorite credit card programs at TPG. It allows you to start with a credit card offering a large welcome bonus and then enjoy bonus points on many everyday spending categories — like airfare, hotels, dining and groceries. Then, you can choose from a huge range of transfer partners, redeem points for travel directly with Chase or choose cash back.