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The all-new Chase Sapphire Reserve for Business℠ (see rates and fees) card recently launched with an incredible welcome offer: Earn 200,000 bonus points after spending $30,000 on purchases in the first six months from account opening.
Based on TPG’s July 2025 valuations, that welcome offer is worth an impressive $4,100.
With a jaw-dropping number of Chase Ultimate Rewards points available, you might be wondering how best to use them.
Rather than simply redeeming your points at a fixed rate through the Chase Travel℠ portal, you can potentially unlock even more value by transferring your points to Chase’s 14 airline and hotel partners at a 1:1 ratio.
In this guide, you’ll discover the 10 best ways to redeem 200,000 Chase Ultimate Rewards points for maximum value.
Related: The complete guide to Chase Ultimate Rewards: How to earn, redeem and transfer points
Note that points and miles redemption rates were correct at the time of writing.
Book 33 flights to London with Virgin Atlantic
Transfer your Chase points to Virgin Atlantic Flying Club to book nonstop economy flights on Virgin Atlantic from John F. Kennedy International Airport (JFK), Boston Logan International Airport (BOS), Toronto Pearson Airport (YYZ) or Dulles International Airport (IAD) to Heathrow Airport (LHR), starting at just 6,000 Virgin points one-way, plus taxes, fees and surcharges.
These low-cost Saver awards are typically available on off-peak dates, and with 200,000 Ultimate Rewards points, you could book an astonishing 33 flights to London one-way, or treat 16 people to round-trip flights.
For budget-conscious travelers, this is one of the best points redemptions available from any airline program.
Related: Use Virgin Atlantic’s reward seat checker to find the cheapest Saver seats
2 round-trip business-class flights to Spain
Transferring Chase Ultimate Rewards points to Iberia Club offers excellent value for business-class flights to Spain.
With the welcome offer from the Chase Sapphire Reserve for Business, you could book two round-trip business-class tickets to Adolfo Suárez Madrid-Barajas Airport (MAD) during off-peak times from the following U.S. airports:
- JFK, BOS and IAD: 81,000 Avios per person round-trip
- Miami International Airport (MIA), O’Hare International Airport (ORD) and Dallas Fort Worth International Airport (DFW): 101,000 Avios per person round-trip, noting you would earn at least an additional 30,000 Chase points on top of the welcome offer by spending $30,000 on purchases in your first six months from account opening as the card earns at least 1 point per dollar spent on everyday purchases
Related: A review of Iberia’s business-class suite on the A350-900
Book an ANA first-class round-trip flight to Japan
Chase points transfer at a 1:1 ratio to Virgin Atlantic Flying Club, and one of the best ways to redeem Virgin points is to book premium-cabin fares to Japan on Japanese airline All Nippon Airways. Round-trip business-class tickets to Tokyo cost 105,000 points from the West Coast and 120,000 points from the central U.S. and the East Coast.
First class is also a terrific deal at 125,000 points round-trip from the West Coast, and 170,000 points from the central U.S. and West Coast, meaning you could book a round-trip ticket in first class with the welcome bonus from the Sapphire Reserve for Business. For flights that regularly cost more than $20,000, this is an incredible way to redeem your Chase points.
Unfortunately, Virgin Atlantic doesn’t show availability online, so it can be hard to find first-class flights. We recommend using the handy ANA First Class Finder tool on Seats.aero, which will show you all seats in seconds through partner programs (ignore the points costs).
Once you see a flight you want to book, call Virgin at 800-862-8621, and you should be able to book these same flights with Virgin points at attractive rates.
Related: A review of ANA’s The Room business class
Stay at luxury hotels with World of Hyatt
Transferring Chase points to World of Hyatt gives you access to some of the most luxurious hotels in the world, often for fewer points than competing programs.
With 200,000 points, you could stay eight off-peak nights at opulent Category 7 properties like the Park Hyatt Marrakech, Alila Kothaifaru Maldives, Park Hyatt St. Kitts Christophe Harbour and Andaz 5th Avenue in New York City.
Or, opt for an astonishing 16 nights in off-peak Category 4 properties like the Hyatt Centric Fisherman’s Wharf San Francisco, Grand Hyatt Denver, Hyatt Place Austin Downtown and Hyatt Place Waikiki Beach. This would cover an extended vacation, or you could split it across multiple stays and destinations.
World of Hyatt award nights start at just 3,500 points per night for Category 1 properties on off-peak nights, and Hyatt doesn’t charge resort fees on award stays, making this a great value for both luxury and extended stays.
Related: Park Hyatt Paris-Vendome: Revisiting an old favorite to see if it stands the test of time
Book 2 round-trip lie-flat business-class flights to Peru
Lima, a UNESCO World Heritage Site, is the main international gateway to Peru, making it a convenient starting point for a trip to Machu Picchu, Cuzco, Arequipa or the Amazon. It is also considered Latin America’s culinary capital.
You could redeem exactly 200,000 Chase Ultimate Rewards points for a round-trip lie-flat journey to South America for two people.
Once again, transferring your Chase points to Virgin Atlantic’s Flying Club program is a terrific option, allowing you to book flights on Virgin’s partner airline, LATAM.
You can redeem 50,000 Virgin points each way from JFK, MIA or Hartsfield-Jackson Atlanta International Airport (ATL) nonstop to Jorge Chavez International Airport (LIM) in Lima.
LATAM’s business-class product is roomy and features high-end finishes and delicious food, making it one of TPG’s favorite ways to travel to South America.
Related: Stylish seats and friendly service: LATAM business class on the Boeing 767
Fly the whole family to Hawaii, plus book a 5-night hotel stay
One of the great things about the flexibility of Ultimate Rewards points is that you can mix and match how you use your points to cover flights and accommodation on the same trip.
For example, you could transfer 80,000 Ultimate Rewards points to Southwest Airlines’ Rapid Rewards program and book four people round-trip from Los Angeles International Airport (LAX) or San Francisco International Airport (SFO) to Daniel K. Inouye International Airport (HNL) in Honolulu. You could transfer the remaining 120,000 Ultimate Rewards points to Hyatt and book two rooms at off-peak rates for five nights, staying at the Category 4 Hyatt Place Waikiki Beach.
If you can’t find off-peak award availability (or cannot travel on those dates), you could still book two rooms for four nights at the same property on standard dates for 120,000 World of Hyatt points.
That will give you plenty of space for four people to stretch out across the two rooms and enjoy your Hawaiian vacation.
Related: Save money: How you can book flights to Hawaii using points and miles
17 coast-to-coast flights with JetBlue
If you’re looking to travel between the East and West coasts and just want the cheapest price, consider transferring your Ultimate Rewards points to JetBlue’s TrueBlue program.
You can book flights from Newark Liberty International Airport (EWR), JFK or BOS to SFO and from EWR or BOS to LAX (or vice versa) from only 11,500 points each way, plus fees and taxes of just $5.60.
These rates are for flights in Blue class, meaning you’ll avoid the basic economy restrictions and enjoy a free carry-on bag, free seat selection, and no additional fee to change or cancel your flight.
Related: How to use credit cards to defeat basic economy
Fly the world’s best business-class seat with Avios
Qatar Airways’ award-winning Qsuite business-class product is considered by many to be the world’s best. Qsuite offers a private suite with a sliding door, a lie-flat bed, and luxury amenities like multicourse gourmet meals served on demand and even caviar on select routes.
Ultimate Rewards points transfer to British Airways Club, where you can book flights on its Oneworld partner Qatar Airways — and unlock access to the famous Qatar Qsuite.
Business-class tickets from North America (including the West Coast) to Qatar Airways’ hub in Doha’s Hamad International Airport (DOH) cost just 70,000 Avios one-way where the lowest Saver-level availability exists, and you can continue on to destinations like the Maldives or India for just an additional 15,000 Avios when booked as a single ticket from North America. This means that your 200,000 Chase points from the Chase Sapphire Reserve for Business welcome offer could have you traveling round-trip to far-flung destinations all in the comfort of Qsuite business class.
Up to 10 nights at deluxe all-inclusive properties in Mexico and the Caribbean
Transfer Chase points to World of Hyatt and book stays at Hyatt Ziva and Zilara resorts in Mexico and the Caribbean, a step up in quality from what you might be used to from your average all-inclusive resort.
These resorts cost between 21,000 and 42,000 points per night on off-peak dates for two guests, including food, drinks and entertainment. With your welcome bonus points, you can book up to 10 all-inclusive nights, saving you thousands on dining and activities. Since you need to spend $30,000 within six months of opening your Sapphire Reserve for Business account, you’ll have a minimum of 230,000 points in your Ultimate Rewards account.
Therefore, you can book up to 10 nights at properties like Hyatt Zilara Riviera Maya and Hyatt Ziva Riviera Maya. If you’d prefer something even more luxurious, you could choose one of our top picks like Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hyatt Ziva Cancun or Hyatt Ziva Los Cabos (all starting at 35,000 points per night).
Related: Hyatt Zilara Riviera Maya: An all-inclusive resort opting for quality over quantity
6 coast-to-coast flights in United premium economy
With flights between the West and East coasts stretching to six-plus hours (a similar length to flights from the Northeast to Western Europe), you might be looking for a little more personal space and comfort for your next domestic journey.
United Airlines offers its Premium Plus premium economy product between EWR and LAX or SFO. Passengers can enjoy priority check-in, boarding, security and baggage delivery, and two checked bags. On board, you can expect wider seats with more legroom and recline; metal cutlery; upgraded dinnerware; and free wine, beer and spirits.
Ultimate Rewards’ transfer partner, United MileagePlus, prices these flights dynamically but has plenty of availability at the lowest price of 30,000 miles each way. So you could book six flights in Premium Plus across the country and still have 20,000 Chase points left over from a 200,000-point welcome offer.
Related: Is United Airlines premium economy worth it on longer flights?
Bottom line
The Chase Sapphire Reserve for Business‘ 200,000-point welcome offer after spending $30,000 in the first six months from account opening is one of the best premium card offers available right now.
By transferring your Ultimate Rewards points to Chase’s extensive network of airline and hotel partners, you can unlock travel experiences worth far more than the standard redemption value through Chase Travel. Whether you dream of sipping Champagne in a Qsuite, relaxing at a Park Hyatt or booking dozens of flights to Europe, this card gives you the flexibility to make it happen.
If you’re ready to turn everyday business spending into extraordinary travel, there’s no better time to apply — and let 200,000 Ultimate Rewards points take you farther.
Related reading:
- Can I apply for both the Chase Sapphire Reserve and Sapphire Reserve for Business?
- How much are Chase Ultimate Rewards points worth?
- Capital One Venture X Business vs. Chase Sapphire Reserve for Business: Affordable luxury vs. ultrapremium
- Chase Ultimate Rewards points: How to redeem for maximum value
- Who should get the Chase Sapphire Reserve for Business card?
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.
