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The information related to Chase Freedom and Chase Freedom Unlimited® has been collected by AwardWallet and has not been reviewed or provided by the issuer of this card.
Chase Ultimate Rewards® are considered one of the most valuable, and flexible rewards currencies available. They can be redeemed directly through the Ultimate Rewards Travel Portal, easily transferred to one of many travel partners, used to pay for purchases and experiences, redeemed for statement credits and more.
Ultimate Rewards Earning Credit Cards
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®. Plus, get 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.. Additionally, the Sapphire Preferred has a huge range of benefits including Auto Rental CDW, Trip Cancellation and Interruption Insurance, and Trip Delay Reimbursement.
Similar to the Sapphire Preferred, but with greater earning potential and more perks! You'll earn 3X points on travel and dining at restaurants. Additionally, Visa Infinite benefits on the Sapphire Reserve improve on what is offered by Visa Signature on many other credit cards. A great signup bonus of 50,000 Bonus points and a minimum redemption value of 1.5 cents/point when booked through the Ultimate Rewards Travel Portal, makes this cards bonus worth at least $750 without looking at anything other than that bonus.
The top business card in Chase's stable of Ultimate Rewards earning credit cards and replacement for the Ink Plus® Business Credit Card. Earn 3x points on the first $150K of combined spending on travel, shipping purchases, internet, cable and phone services, and advertising purchases made with social media sites and search engines, each calendar year. The Ink Preferred offers a formidable 80,000 point signup bonus after cardholders spend $5,000 on qualifying purchases in the first 3 months, worth $1,000 when redeemed through the Chase Travel Portal, and offers Primary Auto Rental CDW and Trip Protection & Interruption Insurance. Read more in our comprehensive review.
Little brother to the Ink Preferred and with a similar bonus setup, though not quite as generous. Earn 5% on the first $25K spent at office supply stores and on cable/telecom, 2% on the first $25K spent on gas and restaurants, and an unlimited 1% on everything else. The card has no annual fee and a current signup bonus of $500 after cardholders make $3,000 in qualifying purchases in the first 3 months. The Ink Cash also offers a 0% intro APR on purchases and balance transfers for the first 12 months, and while technically a cash back card, if combined with one of Chase's premium card offerings (Sapphire Preferred, Sapphire Reserve, or Ink Preferred), the bonus can be converted into 50K of Ultimate Rewards points. (How to combine Ultimate Rewards earned across multiple credit cards)
Ink Plus® Business Credit Card– Card no longer accepting applications.
Earn 5x points on the first $50,000 of combined phone, internet, cable, and office supplies spending, and 2x points at gas stations and hotels, also up to $50,000 annually. You will earn 1 point per dollar for all other spending.
The current offer on the Ink Plus® Business Credit Card is you'll earn 60,000 bonus points after you spend $5,000 on purchases in the first 3 months from account opening. That's $750 in travel when you redeem through Chase Ultimate Rewards®.
Although promoted as a cash back card, the Freedom Card also earns Ultimate Rewards which can be redeemed for gift cards, statement credits, and even purchases on Amazon.com. Earn 5 points per dollar spent on quarterly rotating categories. If you're also a cardholder of the Sapphire Preferred, Sapphire Reserve, or Ink Preferred, you can combine the Ultimate Rewards earned on the Freedom Card with either of them for redemption on travel. Once combined into either a Sapphire Preferred, Sapphire Reserve, or the Ink Preferred account, you unlock the ability to transfer points to travel partners. If you choose the Chase Freedom you'll earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
If you are looking for a versatile cash back card, the Freedom Unlimited is the way to go. With unlimited 1.5% cash back on all purchases and a $0 annual fee, this card earns Ultimate Rewards which can be redeemed for cash back in the form of a statement credit, or through the Ultimate Rewards Travel Portal at a value of one cent per point. Chase also allows you to combine points earned using the Freedom Unlimited, with those earned on your Sapphire Preferred, Sapphire Reserve, or the Ink Preferred for additional redemption opportunities. With the current signup offer, you earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening.
The business rendition of the ever-popular Freedom Unlimited card, the Ink Business Unlimited receives the same rewards earning structure of 1.5 points per dollar on all business purchases, with no cap on the number of points you can earn. Similar to the no annual fee cards above, you need to pair the Ink Business Unlimited with one of Chase's premium cards to transfer to travel partners.
After choosing the card or combination of cards that best suit your individual goals, the next step is learning the best ways to redeem your Ultimate Rewards. Here are 19 different ways to redeem Ultimate Rewards.
Ultimate Rewards Travel Portal
One way to redeem Ulitmate Rewards is through the Ultimate Rewards Travel Portal, which works in a similar way to online booking agencies like Expedia or Orbitz. Enter your desired dates and destination, and when your results appear it allows you to pay using your points, your Chase card or a combination of the two.
If you're using points linked to your Sapphire Preferred or Ink Preferred cards, you'll receive a value of 1.25 cents/point when you book travel directly through the Ultimate Rewards Travel Portal. Using the Sapphire Reserve you'll receive even greater value at 1.5 cents/point when redeemed via Ultimate Rewards.
1. Air Travel
Although we usually recommend transferring points out to the fantastic list of travel partners as the best way to maximize the value of your points, the Ultimate Rewards Travel Portal can sometimes make more sense – here's why.
- Using airline miles can be restrictive if you need to travel on specific dates or want to fly during peak season. Using the travel portal, you are not limited to a particular airline, and there are no blackout dates.
- Booking flights through the Travel Portal with premium Ultimate Rewards earning cards allows you to redeem points for 1.25-1.5¢ for travel, so 100,000 points will give you $1,250-1,500 to spend on flights
While booking flights through the Travel Portal might not provide the theoretical highest cent/point value, it can provide enormous value in the form of flexibility. It's up to you which you value more for any given redemption.
It is important to remember that when you book Air Travel through the Ultimate Rewards Travel Portal, you will earn miles and credit towards elite status with your preferred airline.
Now, typically, we try to redeem Ultimate Rewards points for 1.7 cents per point or more. So, in what situations does it make sense to redeem them for 1.25 cents per dollar through the Travel Portal on hotels, when you could achieve higher values from transferring to hotel or airline partners?
Similar to booking flights above, there are occasions you need to book a hotel when there is no award availability on one or more of the nights you want to stay. Also, for stays in hotels where the advertised rate is lower than the points redemption option, check the travel portal as with the 20% discount you may be able to get a better deal on the same rooms. Another reason to use the travel portal to book a hotel is when you have a limited amount of points in your account, you can book using a combination of points and paying with your Chase credit card.
Reminder: Hotel stays booked through the Travel Portal are not likely to count towards elite status, nor are you likely to receive any elite benefits upon check-in.
3. Rental Cars
When booking a car rental using the Ultimate Rewards Travel Portal, you'll get 1.25 cents per point for travel redemptions which are below the return we are trying to achieve when you take it on face value. However, Chase often has some of the best rental car rates around, meaning you will often find a discounted price which can offset the lower redemption value.
And if you are redeeming points from your account, you will also be eligible for one of the most valuable benefits to come with your Sapphire Preferred, Sapphire Reserve, or Ink Preferred, Auto Rental Collision Damage Waiver. You can find more details about the excellent benefits that come with the Sapphire Preferred. Review the Guide to Benefits for your particular card for full information on these benefits.
While not the most talked about redemption option for Ultimate Rewards, it is worthwhile looking at the Activites tab before booking any excursions in your chosen destination. Whether you are looking for a guided tour, tickets to a museum, or a sightseeing cruise on the harbor, it's highly likely you'll find a deal on the travel portal. And, everything you book will qualify for that same 20% discount on travel. Compare the prices shown in the portal to what is publicly available and you'll be pleasantly surprised.
Chase Ulitmate Rewards transfer to travel partners at a 1:1 ratio, meaning 1,000 Ultimate Rewards points will convert to 1,000 points/miles in your chosen currency.
5 & 6. The Ritz-Carlton Rewards & Marriott Rewards
We've listed The Ritz-Carlton and Marriott Rewards programs together as the rewards represent an equivalent value within their family of hotels. For simplicity sake, we stick with Marriott Rewards.
The PointSavers program gets an honorable mention here as well. You will also get more out of your points by redeeming for five nights as the fifth night is free, so for a hotel that charges 20,000 points per night, a five-night stay will set you back 80,000 points instead of 100,000.
Tip: With the merger between Marriott and Starwood now closed, members can transfer Ultimate Rewards points to Marriott, and then on to SPG. While not the best value use of Ultimate Rewards points, it's a handy option if you need to top your account off with a few thousand points for a specific redemption.
7. IHG Rewards Club
Transferring your Ultimate Rewards points to IHG at a 1:1 ratio is only advisable if you find a deal like a PointBreaks hotel for 5,000 points or if you need to top off an account with a few points. Typically, you will get better value redeeming your points for the minimum 1 cent per point cashback or booking through the Chase Travel Portal for the 20% discount on travel redemptions.
8. World of Hyatt
Often considered the sweet spot for transfers from Ultimate Rewards, World of Hyatt offers up some fantastic value on points redemption. Transferring 30,000 Ultimate Rewards points to World of Hyatt would get you a night at the Park Hyatt Sydney (based on availability), recently recognized as the ‘top hotel in Australia/New Zealand by Condé Nast Traveler’s Readers’ Choice Awards.' In the example below, this Category 7 hotel would cost you $786 for the night providing you a value of 2.62 cents per point.
9. United Airlines MileagePlus
If you ask most members of the points and miles community what they would rate their number one transfer partner for Ultimate Rewards, we think a large percentage would say United MileagePlus. As a Star Alliance member, you can book almost anywhere in the world, and most award bookings can be completed online saving you time and effort. Plus, you can still book stopovers and open jaw flights on with United allowing for trips to multiple destinations, for the same cost, depending on your destination and routing.
In a recent post, we detailed a First Saver Award seat flying non-stop from San Francisco (SFO) to Tokyo (HND) in First Class for 80,000 MileagePlus miles plus $5.60 in taxes. Purchasing the same seat with cash was $11,079, returning a value of 13.8 cents per point. Transferring points to MileagePlus also has another value point; United doesn't pass on carrier-imposed fees on any of its partners. If you have ever found a stellar deal only to have hundreds of dollars in ‘fees,' you will know how valuable this is.
10. Southwest Airlines Rapid Rewards
As Southwest Rapid Rewards is a revenue-based loyalty program, the best way to leverage value from your points is searching for inexpensive flights. Members with a companion pass can get excessively good value rewards where they get 2-for-1 tickets, a feature unique to Southwest.
11. British Airways Executive Club / Aer Lingus AerClub / Iberia Plus
Avios are another great option for transferring points from Ultimate Rewards. As a oneworld® alliance member you can get excellent value flying transatlantic on Iberia or Aer Lingus. Alternatively, if you live in LA, for a cool 12,500 Avios you can fly non-stop in economy class from Los Angeles to Hawaii on American Airlines or Alaska Airlines.
12. Virgin Atlantic Flying Club
Although you may find better value and more flexibility transferring Ultimate Rewards points to United MileagePlus or British Airways Avios, Virgin Atlantic can provide value when looking to travel on Virgin America. You'll typically want to avoid transatlantic redemptions on Virgin Atlantic as they impose a significant amount of fees on those awards.
13. JetBlue TrueBlue
JetBlue is the latest transfer partner to be added by Chase, taking the place of Korean Skypass. Check back soon for breakdown of the best use of TrueBlue points.
14. Singapore Airlines KrisFlyer
A longtime favorite transfer partner for any frequent flyer. While it can be near impossible to find first and business class award space for long haul flights using partner airline miles, Singapore Airlines does make that space available to its KrisFlyer members using KrisFlyer miles. One of the best premium class products in the business, if you book through the Singapore Airlines website you receive a 15% discount off award chart prices, and, they allow for one stopover per round-trip.
15. Air France/KLM FlyingBlue
The latest addition to the Ultimate Rewards stable of transfer partners, Air France/KLM adds additional flexibility for redemptions within SkyTeam along with Air France's extended partner network outside of SkyTeam. You can find fantastic value when booking Flying Blue Promo Awards, a seasonal rotating list of destinations at up to 50% off Classic Fare award prices.
Purchases & Statement Credits Using Ultimate Rewards
16. Cash Back
You can redeem Ultimate Rewards as a statement credit on your account at a flat rate of 1 cent per point, but that is one of the lowest redemption rates available. Having said that, if you are not a traveler and have an account full of Ultimate Rewards, redeeming 50,000 points as a statement credit is still a cool $500 cash back and is something worthy of consideration.
17. Gift Cards
Similar to the statement credit above, redeeming for gift cards is not on our list of top redemptions as you will typically only receive one cent per point value. You will sometimes find some gift cards on sale for a 10% or 20% discount, but you will still find better redemption value elsewhere on this list.
18. Chase Experiences
A different and often memorable way to use Ultimate Rewards points is through Exclusive Cardmember Events. The value of these is often hard to pin down as Chase curates these events and they cannot often be accessed on your own. The list of events and experiences changes so you will need to check back often, the events can be redeemed at a rate of 100 points per dollar.
19. Shop Products (Amazon)
First impressions as a frequent flyer when using Ultimate Rewards to pay for Amazon purchases is that I could get better value elsewhere, but that depends entirely on what your goals are for your points. If your goal when signing up for a card like the Sapphire Preferred had nothing to do with travel and instead was to ease the financial strain of the holiday season, then using your Ultimate Rewards points at Amazon.com makes perfect sense.
Like the statement credit, you receive $1 for every 100 Ultimate Rewards, and if you have your Chase card saved in Amazon as your Sapphire Preferred card, you can also shop with a combination of points and your stored Chase card.
As of September 1, 2016, you receive $1 for every 125 Ultimate Rewards, a value of .8 cents per point.
So there you have it, the ultimate list of 19 different ways to redeem Ultimate Rewards. There are so many redemption options available when it comes to Ultimate Rewards that we honestly can't fit them all in one post, and we haven't even touched on all the other benefits that go with the Sapphire Preferred, Ink Preferred, or the Sapphire Reserve.
As far as loyalty programs go, we rate Chase Ultimate Rewards in the top tier of rewards programs due to the value of the points, how easily they can be transferred, and the flexibility offered in the fantastic list of available redemptions.
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