Chase provides a variety of credit cards that come with access to Chase Ultimate Rewards, including both personal and business credit cards. Any Chase credit card can work well if you want to earn points in this program, yet some of their offerings are considerably more popular than others. The following Chase Ultimate Rewards credit cards could be the best for you depending on your spending habits and goals.
Also, note that points earned with this card are worth 1. The Chase Sapphire Reserve is also a premium travel credit card from Chase, so you can transfer your points to Chase transfer partners for even more value. The annual fee is reasonable, and, thanks to an August upgrade, the rewards system offers plenty of opportunities to earn boosted points on everyday purchases as well as travel. Last, you can look forward to your Anniversary Point Bonus each year, which will be equal to 10 percent of your total purchases made the previous year.
The Chase Freedom Unlimited is a great option for all your everyday spending since you earn at least 1. The Chase Freedom Flex is a good option if you want to earn bonus rewards in categories that change every three months.
Other categories you can earn more points in include 5 percent back on Lyft rides through March and 3 percent back on drugstore and dining purchases. Like the Chase Freedom Unlimited, you do have to pair this card with a premium travel credit card from Chase if you want to transfer your points to Chase Ultimate Rewards transfer partners.
If you are looking for a business credit card that lets you earn rewards for travel on all your business purchases, look no further than the Ink Business Preferred Credit Card.
Generally speaking, Chase Ultimate Rewards points are worth 1 cent each when redeemed for gift cards or statement credits. There are many exceptions, however, that vary by card as well as redemption options that can help you get significantly more value.
For example, the Chase Sapphire Preferred offers 25 percent more value for your points when you redeem them for travel through the Chase Ultimate Rewards portal, and the Chase Sapphire Reserve gives you 50 percent more value with this option. Which card is the better deal? Also, note that when you transfer points to Chase airline and hotel partners, you can typically get more than one cent in value per point.
Currently, Chase Ultimate Rewards points are worth up to 2 cents per point according to monthly points and miles valuations by The Points Guy. In the end, it all depends on how you redeem your rewards after you transfer them to another program. To redeem your Ultimate Rewards points, log into your Chase credit card account and access the Chase Ultimate Rewards portal.
Chase Ultimate Rewards lets you redeem your points for statement credits or cash back at a rate of 1 cent per point. An array of gift card options is also available, generally at 1 cent per point in value.
Chase sometimes offers special deals, however, on gift cards that can net you more than 1 cent per point in value, although these offers change all the time. If you want to get the most value out of your points when redeeming for gift cards, check the Chase portal options once per week to see which offers come around. Chase Ultimate Rewards also lets you redeem your points for purchases made through Apple. These options make it easy to redeem your points for pricey electronics, like a smartphone or a new computer, or for almost any type of merchandise delivered directly to your doorstep.
In addition to redeeming for gift cards, merchandise and statement credits or cash back, all Chase credit cards let you use points to book travel through the Chase portal, even though only a few cards let you get a value of more than one cent per point when you do. If you want to redeem your points for travel, you can search for available flights or hotels through Chase Ultimate Rewards, which partners with Expedia. Choose your destination and dates to get a list of options as well as how many points each option requires.
The Chase Ultimate Rewards portal is intuitive and easy to navigate, so take some time to explore all of the different ways you can redeem and spend your Chase Ultimate Rewards points. Also, be aware that you can redeem points in the portal for cruises, vacation rentals, rental cars and experiences or activities. Sapphire-branded Chase Ultimate Rewards credit cards also let you redeem your rewards for Chase Sapphire Dining options.
These redemptions let you use points for curated dining experiences, home meal kits and more. Redemption values vary and options change all the time. Chase transfer partners , all of which let you transfer points at a ratio, include:.
The menu gives you the option to transfer points to travel partners, and from there you can select your preferred airline or hotel and transfer your points.
One added perk of Chase Ultimate Rewards points is the fact that, provided you keep your account open, your rewards will never expire. This is unlike some other rewards currencies that let your points expire after 12 or more months of inactivity. Transferring your points and then redeeming for reward travel can sometimes be more valuable than booking travel through Chase—particularly for pricey business and first-class tickets.
To find the best deal, you can check the cost to pay with points through Chase versus transferring points and then redeeming miles or hotel points. Keep in mind, when you book a hotel room through Chase, you won't receive hotel loyalty program points or elite night credits, and you might not get elite benefits if you have elite status in the hotel's program.
In contrast, you can still receive miles and benefits on flights if you book through Chase. The Freedom cards don't have an annual fee and they offer different types of rewards structure.
The Sapphire cards have annual fees, but the higher earning and redemption rates along with more benefits we didn't discuss above could make them good options as well. You can use Experian CreditMatch TM to see if you're matched with any of these cards based on your credit profile. Get the Rewards You Deserve Cash back? Whatever suits your goals, we can help match you to personalized rewards card offers. The purpose of this question submission tool is to provide general education on credit reporting.
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Chase Ultimate Rewards points can be redeemed for cash back at a rate of 1 cent per point. You can opt to have the cash back credited to your account as a statement credit, or you can direct deposit your cash-back earnings into most U.
If you opt for a statement credit, it's important to note that this won't count as a payment. You'll still need to make at least the minimum payment on your bill. For the Chase credit cards branded as cash-back cards , redeeming points for 1 cent per point in cash back is the primary way to use your Chase Ultimate Rewards points.
That means there's no advantage to buying gift cards with Chase points rather than just redeeming points for cash back. There's one exception. Chase will sometimes discount the number of points needed to buy gift cards. This discount increases the value that you can get from your points to 1. The redemption rate that you can get will depend on what type of Chase credit card you have:.
To get this redemption rate, you'll need to book travel through Chase's Expedia-powered portal. You'll generally be able to find most flights, hotels, rental cars, cruises and other travel that you're looking for in the portal. However, some specialized travel purchases may not be available through this booking engine. Chase cardholders can redeem Chase Ultimate Rewards for eligible purchases through the Pay Yourself Back feature at a rate between 1.
In May , Chase introduced Pay Yourself Back as a temporary redemption option while cardholders weren't able to use points to book travel during the Covid pandemic. Since then, Chase has extended the Pay Yourself Back option multiple times. This redemption option is a bit tricky, but it can yield solid value. The eligible categories and redemption rate depend on the type of Chase card you have. Now through September 30, , Chase Sapphire Reserve cardholders can redeem points at 1.
Chase Sapphire Preferred cardholders get a redemption rate of 1. Eligible categories for both cards include purchases at grocery stores, dining including takeout and eligible delivery services , home improvement stores and contributions to a dozen eligible charities.
Essentially, you can erase eligible purchases from your statement at the aforementioned rates.
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