Ultimate Rewards points are earned on purchases made with your Chase business credit card. All purchases receive at least 1 point per dollar spent on the card but some cards have bonus earning categories that earn multiple points per dollar spent.
At redemption time, the value you receive for your points can vary as well. Premium Chase credit cards may receive more value per point when redeemed for travel via the Chase travel portal. These premium cards also partner with airline and hotel programs which can allow you to transfer Ultimate Rewards points to these programs. The resulting airline miles or hotel rewards program points can then be redeemed for potentially even more value.
Ultimate Rewards points do not expire as long as you have an active Ultimate Rewards earning credit card. Before closing a Ultimate Rewards earning credit card, however, you’ll want to transfer your points to a remaining active card or they will expire.