So if I am heavily invested into the Chase Ultimate Rewards ecosystem there is not really a benefit for me here.
Unless there is and I am missing something? @Dan
correct but if u have a chance start earning Citi Thank You (transfer 1:1) or capital one (transfers a bit less) - ElAl via qantas still has some alot of direct J class (business) redemption even on new dreamliner with direct aisle seats availability so its a pretty good way to get to Israel + very good kosher food in lounges on plane etc.
as opposed to United availability which is nonexistent and delta which is impossible to book unless you want to spend so many points (400-600k) you could sell it for more than the value of buying the ticket outright for $4000.