Chase Ultimate Rewards: what it is worth to Europe

What Chase UR points are competing with

A number in cents per point means nothing on its own. It only means something against the cash price of the same seat, and the seat has to be one Chase UR can actually book. Chase UR reaches Star Alliance, SkyTeam and oneworld. Below is what those airlines charged for a round trip to Europe in our own carrier grid, priced on August 31, 2026.

So the number to hold in your head is 46,000 points. That is what it takes to match the $833 median economy fare at our 1.8¢ valuation, across 869 routes from 26 US airports. An award priced under it beats buying the ticket. An award priced over it means you should buy the ticket and keep the points.

Run the same arithmetic against business class and it comes out at 317,000 points against a $5,710 median fare — and that is the number to distrust, including when we are the ones printing it. Business sells for 6.9× economy on these routes, so measuring one award against the business median instead of the economy one makes Chase UR look 6.9 times better with nothing whatsoever changed about the ticket. That is how every eye-catching points valuation gets built. Ours is 1.8¢ because the fare worth dividing by is the one you would actually have paid.

Where you leave from moves this more than most people expect. Star Alliance carriers price lowest out of Boston at a $687 median, SkyTeam out of New York at $732, and oneworld out of Boston at $803. The cheapest single fare we recorded on any of them was $422 on SAS.

The airlines Chase UR can put you on

Ranked by how much more than the cheapest option each one charges, at the median, on the routes it flies. This is alliance membership only — every program here also books partners outside its alliance, and we do not list those until we have checked them against the program’s own page.

• Royal Air Maroc38 routescheapest on its routes
• Qatar Airways8 routes · flown by Jon+$9
• SAS170 routes · flown by Jon+$12
• TAP Air Portugal131 routes · flown by Jon+$20
• Turkish Airlines301 routes · flown by Jon+$45
• Lufthansa292 routes · flown by Jon+$50
• ITA Airways25 routes · flown by Jon+$52
• Royal Jordanian5 routes+$61

Where to transfer Chase UR for Europe

Scored 0–100 for European routes specifically, blending the destination program’s value with how hard the award actually is to book.

Cards that earn Chase UR

Airfare multipliers only. A card earning 4× on flights is a different tool from one earning 4× on groceries, and only one of them matters here.

• Chase Sapphire Reservepersonal4×
• Chase Ink Business Preferredbusiness3×
• Chase Sapphire Preferredpersonal2×
• Chase Freedom Unlimitedpersonal1.5×

Common questions

What is a Chase UR point worth?

We value it at 1.8 cents for transatlantic redemptions, which ranks it 1 of 16 programs we track. Transfers 1:1 to Aeroplan and Virgin Atlantic — the two best-valued programs any transferable currency here reaches — plus Flying Blue, United and Avios. Priced above every one of them on purpose: you choose the partner after you know the route, so a flexible point is worth the best transfer for the trip in front of you rather than the average of five. That figure is deliberately conservative: it is what you can expect to get on dates you actually want, not the best redemption anyone found all year.

How many Chase UR points is a flight to Europe worth?

At our 1.8¢ valuation, about 46,000 points matches the $833 median economy round trip on the Star Alliance, SkyTeam and oneworld carriers Chase UR books — a figure taken from 869 routes out of 26 US airports in our own fare grid. Book an award under that and it beats paying cash; over it, pay cash and keep the points. The same arithmetic in business class gives 317,000 points against a $5,710 median, which is the figure to be skeptical of: business sells for 6.9× economy on these routes, so measuring an award against it makes any program look several times better without the ticket changing at all.

Where should I transfer Chase UR points for Europe?

Our strongest route is Chase UR to Aeroplan at 1:1, scored 86 of 100 for Europe. Chase points to Aeroplan for Lufthansa, SWISS, or Austrian business class, with no fuel surcharges on most Star Alliance partners. We rank 5 routes out of Chase UR in total.

Which credit cards earn Chase UR?

4 in our set, led by Chase Sapphire Reserve at 4× on airfare. We track airfare multipliers only, because that is the spend this site is about.