The Basics Of Chase Ultimate Rewards

Chase Ultimate Rewards can be redeemed for a multitude, including travel, cash back, and gift cards. Generally, Chase Ultimate Rewards are worth to 1 to 1.5 cents per point but may be worth more if you transfer them to one of the partner programs. If you want to learn more about the Chase Ultimate Rewards program then keep on reading.

You Can Earn Chase Ultimate Rewards From These Cards

Chase Sapphire Preferred Card

•  2x points on travel and eating out.
• 1 point on every $1 spent on all other purchases.

Chase Sapphire Reserve

• 3x points on travel and eating out.
• 1 point on every $1 spent on all other purchases.

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Chase Freedom

• This card offers 5% on rotating bonus categories, up to $1,500 spent every quarter.
• 1% is given back on bonus category when you spend $1,500 and any other spending.

Chase Freedom Unlimited

• This credit card gives 1.5% cash back on all spending.

Ink Business Cash Credit Card

• This credit card gives 5% cash back on office supply store purchases, telecom/cable services and $25,000 spent per year combined.
• Ink Business Cash Credit Card also offers 2% back at restaurants and gas stations, up to $25,000 spent every year combined.
• 1% cash back on all other purchases.

Ink Business Preferred Credit Card

• This credit card offers 3x points on the first $150,000 spent in combined spending on travel per year; internet, cable, shipping purchases, phone services, advertising made on social media platforms.
• 1% cash back on all other purchases.

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Good Chase Ultimate Rewards Redemption Options

For most Chase credit card holders, Chase Ultimate Reward Points are worth less than 1 cent each, which is often the highest redemption value in this industry. With that being said, if you have Chase Sapphire Preferred Card or the Ink Business Preferred Credit Card, you have the option of redeeming points for 1.25 cents when you book travel through the program’s website. By doing so the value of the point bumps up to 1.5 cent per point with the Chase Sapphire Reserve. The Chase Ultimate Rewards website has a tool similar to Kayak to book travel, the tool offers competitive rates, so you’ll end up getting a great value when you use your points this way.

Those who have Chase Freedom, they cannot redeem travel at the higher reward rate, unless they also have Chase Sapphire Preferred Card or Chase Sapphire Reserve. If you do have the other two cards you can transfer your Chase Freedom points to your other cards and redeem your points for a higher value.

How To Get The Most Value From Your Chase Ultimate Reward Points

Bad Chase Ultimate Rewards Redemption Options

You can use Chase Ultimate Rewards to pay for purchases made on Amazon through the Shop with Points program. When doing so, the value of your points drops to 0.8 cent per point which is the lowest redemption value amongst the given options. However, even if you get a cent back for every point, you’re still wasting money by not redeeming your rewards for travel through the Chase Ultimate Rewards website.

In order to get the most value for your points every time you can sell Chase Ultimate Rewards to the Mileage Spot and never lose the value of your points.