If there is a credit card program that helps entice passion among its users, it’s Chase Ultimate Rewards. When you use certain Chase credit cards, the program helps you accrue points as you pay off your balances. Your points can then be redeemed for a wide range of rewards, including travel, cash back, and gift cards.
For credit card users who regularly pay off their balances, enrolling in the Chase Ultimate Rewards program can eventually result in free cash and experiences.
In This Article:
- Earning Chase Ultimate Rewards
- What Can You Redeem Chase Ultimate Rewards For?
- How to Redeem Chase Ultimate Rewards
- Maximizing Your Chase Ultimate Rewards Redemptions
- Chase Ultimate Rewards Transfer Partners
Earning Chase Ultimate Rewards
There are a number of credit cards that earn Chase Ultimate Rewards. You can have more than one of these credit cards and have them all contribute to your rewards account. Depending on the card, you might earn points or cash back, but both can be converted and transferred toward your Chase Ultimate Rewards.
Chase Sapphire Reserve
The Chase Sapphire Reserve card comes with a $450 annual fee, but also has plenty of perks that could justify the cost. Expect to get a hefty sign-on bonus by making a minimum amount of purchases in the first three months, as well as a $300 annual travel credit. You also get 3X points on travel and dining charges and 50% more when you redeem travel through Chase.
Chase Sapphire Preferred
With just a $95 annual fee, the Chase Sapphire Preferred card earns 2X points on travel and dining. Plus, any travel you redeem through Chase Ultimate Rewards is worth 25% more.
Ink Business Preferred
Small business owners can enjoy a large sign-up bonus with the Ink Business Preferred card. Plus you get 3X points on the first $150,000 you make on eligible business purchases throughout the year and unlimited 1X points on everything else. You can also add on employee accounts to earn even more.
Cash back cards
New card holders could qualify for a cash back bonus when meeting certain spending criteria with the Chase Freedom credit card. It also comes with quarterly bonus categories to earn 5X points on up to $1,500 in qualifying purchases. This accessible card has no annual fee, making it a win-win all around.
Chase Freedom Unlimited
Another card with no annual fee, Chase Freedom Unlimited comes with no limits on the cash back you earn all year long. Enjoy 1.5% cash back on every purchase you make with your card, which can quickly add up to some enjoyable rewards.
Ink Business Cash
Earn cash back for your business at a rate of 5% for the first $25,000 in qualifying purchases from office supply stores or for internet, cable, and phone services. You’ll also get 2% cash back at gas stations and restaurants and an unlimited 1% on everything else.
Ink Business Unlimited
True to its name, the Ink Business Unlimited credit card gives you 1.5% cash back on everything you purchase with your card. This straightforward option has no annual fee and the option to include employee cards at no extra cost.
What Can You Redeem Chase Ultimate Rewards For?
There are several different ways to redeem your Chase Ultimate Rewards. There’s a specific travel portal you can book through and as you’ve seen, different Chase cards have different levels of making your rewards points go further for airfare or hotels. You can also opt for cash back, make purchases on Amazon or pick from a wide selection of retail and restaurant gift cards.
In most cases, each Chase point is worth $0.01. That means it would take 10,000 points to redeem for $100 in rewards. The exception is if you have Chase card that offers a 25% or 50% bonus when booking travel, making each point worth 1.25 cents or 1.5 cents.
How to Redeem Chase Ultimate Rewards
When you’re ready to redeem your Chase Ultimate Rewards, first log onto your online account. There you’ll see your redemption option:
- Cash Back
- Gift Cards
- Transfer to Travel Partners
To make a retail purchase at Amazon or Apple, for example, you simply click the icon and begin shopping.
To redeem for travel, click through to the Chase Portal. There you can search for flights, hotels, cars, cruises, and more. The search function is similar to any other search travel engine through which you’d book your trip.
The difference is that when your travel results appear, you’ll see the cost both in dollars and in Chase points. You then get to choose which way you pay. When you book, you still have the option to include your frequent traveler information in order to accrue points with your airline or hotel brand as well.
If you have the Chase Sapphire Reserve or Preferred credit card, you’ll also notice that your points are worth more in the Chase travel portal.
You can also transfer your Chase points to participating travel rewards programs. To do this, you’ll need a minimum of 1,000 Chase points. You also need your travel membership program information in order to complete the transfer.
Maximizing Your Chase Ultimate Rewards Redemptions
Make the most out of your credit card points by hunting for cheap travel fares through the Chase portal. In order to maximize your points, combine your accrued rewards from multiple Chase cards. If travelling with someone else in your household who is another cardholder, you can also combine points between your accounts.
When searching for the best deal through Chase, be flexible with your travel dates. Also remember to compare your options other travel sites because not all prices match up across platforms. Chase does, however, show you the luggage fees upfront. Even though it might seem like the cost is more upfront, you might just be seeing all of the fees in one place at Chase.
Chase Ultimate Rewards Transfer Partners
You can transfer your Chase rewards points to several other travel partners. Most partners have a 1:1 point transfer ratio, so you don’t lose any value with the switch.
- Aer Lingus AerClub: Being an AerClub member allows you to earn and redeem points when you fly Aer Lingus. As you progress into a higher membership tier, you also qualify for more substantial benefits such as priority check-in and boarding.
- British Airways: Transfer your Chase points to combine with your Avios and book discounted or even free flights through British Airways.
- Emirates: The Skywards rewards program allows for Chase transfers and can be used towards flight upgrades as well as special auctions for event tickets and exclusive invitations.
- Flying Blue: This rewards program services multiple airlines, giving you plenty of options for transferring and redeeming your Chase points. Participating airlines include Air France, KLM, and Transavia.
- Iberia: With Iberia Plus rewards, you can accrue points to put towards flights, hotels, and car hires.
- JetBlue: JetBlue’s rewards program is called TrueBlue and allows you to accumulate points each time you make a JetBlue purchase or use one of their branded credit cards.
- Singapore Airlines: This frequent flyer program is called KrisFlyer. In addition to earning points when you fly on Singapore Airlines, you also get rewarded for flying on SilkAir, Scoot, Star Alliance, and others.
- Southwest: The Rapid Rewards program from Southwest comes with no blackout dates and no expiration date on your points.
- United Airlines: By combining your MileagePlus points and your Chase rewards, you can get free or discounted flights, experiences and dining.
- Virgin Atlantic: Virgin breaks down their rewards into two categories: standard season and peak season. Redeem your points to get a reward flight, cabin upgrade, or companion ticket.
- Hyatt: The World of Hyatt Loyalty Program lets you earn points on top of saving up to 10% on hotel stays. You also earn a free hotel night after staying at five different Hyatt brands.
- IHG: The more you stay, the more you earn with IHG hotels. In fact, you can earn up to 4X points as a bonus for different stays throughout the year.
- Marriott: As a Marriott rewards member, use the Bonvoy app to unlock rate discounts and get unique VIP travel experiences.
The Bottom Line
Chase Ultimate Rewards offers a lot of flexibility in how you can earn and redeem. With plenty of credit cards to choose from, you can choose the one with the rewards that work for you. With the option to transfer points to your existing travel loyalty programs, you can truly gain some traction in accruing free miles. Whether you want to earn more travel points or cash back, Chase creates a custom feel when it comes to your rewards.