Originally Posted by
luv2vacay
....
If you have the CSP alone, then the min. value is like what, $0.0125 per point (you redeem for cash).
If you have the CSR then it's $0.015 per point if redeemed for cash.
Ultimate Rewards "cash" redemption value is $0.01/point. The higher values ($0.0125 and $0.0150) are for "travel" booked through Chase's portal. To the extent that the portal does not always have the lowest prices those redemption values are inflated.