Chase is known for its Ultimate Rewards program, which lets cardholders earn points for every dollar spent. While the most common use of these points is to book travel through Chase Ultimate Rewards directly, it's also possible to redeem points for cashback, gift cards, or even entertainment experiences.

What's the best way to use your Chase Ultimate Rewards points in 2022? Where can you get the most value? What are the conversion rates for different redemption? And how can you rack up points as quickly as possible?

Here's everything you need to know about making the most of your Ultimate Rewards points this year.

[This article was first published on The Simple Dollar in 2020. It was updated in June 2022.]

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