
Chase Ultimate Rewards is a credit card rewards program that allows cardholders to earn points on every purchase. The program is one of the most popular travel rewards programs, and for good reason. There are tons of ways to earn Ultimate Rewards points, and the best redemption option is for travel.
The number of points you earn on purchases depends on which card you use and the category of purchase. Each Ultimate Rewards card has bonus categories that allow you to earn between 2x and 5x points per dollar spent on the card. These points can be redeemed in a variety of ways, including travel, gift cards, cash back and more.
The value of a Chase Ultimate Rewards point depends on the card you have and how you redeem it. When used for cash back, they're worth 1 cent apiece. Redeemed for travel booked through Chase, they're worth 1 to 1.5 cents apiece. When transferred to a partner, they can be worth even more.
Characteristics | Values |
---|---|
Points can be redeemed for | Travel, gift cards, cash back, Amazon.com orders, PayPal, Apple purchases, culinary experiences, exclusive events |
Points can be earned by | Spending on travel, dining, drugstores, online groceries, streaming services, Lyft, Peloton, etc. |
Points can be transferred to | Airline and hotel partners |
Points can be used to book | Flights, hotels, cars, cruises, vacation rentals, activities |
Points can be used to gain access to | Exclusive events, Chase Sapphire Dining |
What You'll Learn
- Chase Ultimate Rewards points can be redeemed for travel, gift cards, cash back and more
- Points can be redeemed for exclusive events curated around your passions
- Chase Ultimate Rewards is a credit card rewards program
- Points can be redeemed for air travel, hotels, car rentals and cruises
- Chase Ultimate Rewards points don't expire as long as your card account is open
Chase Ultimate Rewards points can be redeemed for travel, gift cards, cash back and more
Chase Ultimate Rewards points can be redeemed in a variety of ways, including travel, gift cards, cash back, and more.
Travel
Chase Ultimate Rewards points can be redeemed for travel in two ways: by booking travel through Chase and paying with points, or by transferring points to Chase's partner airline and hotel programmes.
The value of points redeemed for travel depends on the type of card held. For example, with the Chase Sapphire Preferred Card, booking travel through Chase gets a value of 1.25 cents per point, while with the Chase Sapphire Reserve, it gets a value of 1.5 cents per point.
Gift Cards
Chase offers a wide range of gift cards that can be purchased with Ultimate Rewards points. Most gift cards cost the equivalent of 1 cent per point, but Chase often sells specific cards at a discount, offering better value.
Cash Back
Ultimate Rewards points can be redeemed for cash back at a rate of 1 cent per point, or 100 points for $1. There is no minimum redemption amount.
Other Redemption Options
Other ways to redeem Chase Ultimate Rewards points include:
- Amazon payments: Linking a Chase card to an Amazon account allows users to pay with points at a rate of about 0.8 cents per point.
- Apple purchases: Points can be redeemed for Apple merchandise through the Chase Ultimate Rewards portal for 1 cent per point.
- "Experiences": Cardholders can access special events and exclusive dining and culinary experiences with select cards.
- Statement credit: Points can be redeemed for a statement credit or direct deposit into a bank account.
The flexibility of redemption options is a significant advantage of the Chase Ultimate Rewards programme, allowing users to choose the option that best suits their needs and maximise the value of their points.
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Points can be redeemed for exclusive events curated around your passions
Chase Ultimate Rewards members can use their points to gain access to exclusive events curated around their passions. These events are only available to cardholders and can be purchased with cash or points.
For example, cardholders can purchase a package to attend the Conde Nast Traveler 25th Anniversary Gala, which includes two nights at the Mandarin Oriental New York, admission for two to the gala, a $150 gift card to The Palm steakhouse, and a $250 gift card to Marea for dinner for two. This package can be purchased for $1,200 or 120,000 points, but the value of the package is much higher.
Other exclusive events include Sundance Festival Packages, which include hotel stays, festival credentials, film screenings, and VIP parties. These packages range in price from $300 or 30,000 points to $4,000 or 400,000 points.
Chase Ultimate Rewards members also have the option to bid on auctions using their points to redeem for experiences.
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Chase Ultimate Rewards is a credit card rewards program
One of the main advantages of the Chase Ultimate Rewards program is the ability to earn extra rewards. For example, booking travel through the Chase Travel portal can earn you 5% cash back on flights, compared to only 1% if booked directly with the airline. Additionally, certain Chase credit cards, such as the Chase Sapphire Preferred Card or Chase Sapphire Reserve, boost the value of your points by 25% and 50% respectively when redeemed through the Chase Travel portal.
Another benefit of the program is the ability to combine Ultimate Rewards points across all Ultimate Rewards-earning cards, maximizing both earning and redemption options. This allows cardholders to earn tons of points and have flexible redemption choices.
The Chase Ultimate Rewards program also offers exclusive benefits and experiences, such as access to special events, exclusive dining experiences, and unique travel packages.
Overall, the Chase Ultimate Rewards program is highly regarded among travelers due to its relatively high potential point values and flexible redemption options, including top-notch transfer partners.
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Points can be redeemed for air travel, hotels, car rentals and cruises
Points can be redeemed for air travel, hotels, car rentals, cruises, and more through the Chase Travel portal. This is a great way to book travel using your points as you can use them to pay in full or partially for your bookings.
When booking through the Chase Travel portal, the value of your points will depend on the type of card you have. For instance, points on the Chase Freedom Unlimited card are worth one cent each, while the Chase Sapphire Preferred and Ink Business Preferred cards' points are worth 1.25 cents each. The Chase Sapphire Reserve card offers the highest value, with points worth 1.5 cents each in the travel portal.
If you have multiple eligible cards, you can combine your points to get the most out of them. Additionally, when transferring your points to Chase travel partners, the transfer ratio is typically 1:1.
It's important to note that when booking hotels through the portal, you typically won't earn hotel points or receive elite status perks. However, flights booked through the portal will usually earn frequent flyer miles and count towards elite status.
Booking through the Chase Travel portal can be a great option, but it's always a good idea to compare the points needed with those required for transfer partner redemptions to ensure you're getting the best value for your points.
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Chase Ultimate Rewards points don't expire as long as your card account is open
Chase Ultimate Rewards is a credit card rewards program that allows cardholders to earn points on every purchase. The number of points you earn depends on which card you use and the category the purchase falls under. Each Ultimate Rewards card has bonus categories that allow you to earn between 2x and 5x points per dollar spent on the card. These points can be redeemed in a variety of ways, including travel, cash back, gift cards, and merchandise.
The best redemption option, however, is for travel. You can redeem your points for award flights or hotel stays across the world. You can book travel through the Chase Travel Portal and use your points toward the purchase, or transfer your points to one of Chase's airline or hotel partners.
One of the most valuable aspects of the program is the flexibility it offers. You can easily earn and redeem or transfer your points when you're ready. Additionally, your Chase Ultimate Rewards points do not expire as long as you keep your credit card account open and in good standing. This means you can use your points whenever you need them or rack them up for a big trip or purchase.
If you have multiple Chase credit card accounts, you can move your points from card to card so that all your rewards are in one place. This can be beneficial if one of your cards makes your points more valuable through the travel portal. For example, Chase Sapphire Preferred points are worth 25% more when redeemed for travel in the Chase Travel portal.
Overall, the Chase Ultimate Rewards program provides a flexible and adaptable rewards system, offering numerous ways to accrue and utilize points.
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Frequently asked questions
The Chase Ultimate Rewards program is one of the most popular travel rewards programs. It offers tons of ways to earn points, which can be redeemed for award flights or hotel stays across the world. The points are flexible and therefore valuable, and can be redeemed in a variety of ways, including travel, merchandise, direct statement credits, or gift cards.
You must hold an affiliated Chase credit card to earn Ultimate Rewards. Once you are approved for a Chase card that earns Ultimate Rewards, you will be enrolled in the program automatically. The number of points you earn depends on which card you use and the category of the purchase. Each Ultimate Rewards card has bonus categories that allow you to earn between 2x and 5x points per dollar spent on the card.
Redemption options and the value you receive for your Ultimate Rewards points will be determined by which card you use to redeem your points, either travel rewards cards or cash-back cards. Travel rewards cards include the Chase Sapphire Preferred card, Ink Business Preferred Card, and Chase Sapphire Reserve card. Cash-back cards include the Freedom Flex card, Freedom Unlimited card, Ink Business Cash Card, and Ink Business Unlimited card.
Some of the best Chase credit cards for earning Ultimate Rewards points include the Chase Sapphire Preferred card, Chase Sapphire Reserve card, Chase Freedom Flex card, and the Ink Business Preferred card.