Chase Ultimate Rewards: The Chase Ultimate Rewards program can be one of the most flexible rewards programs in the business if you know how to maximize your point value. So whether you are looking for a travel, business, or just a great all-around cash back card, Chase has several options that will all let you start earnings with Chase Ultimate Rewards. Have a look at the below sections of this www.chasee.org to get all the details about Chase Ultimate Rewards.
With Chase, you can select from business or personal card options both of which are part of the Chase Ultimate Rewards program. We will get into more details below on this Chasee article, but you should know that the no annual fee card offerings are generally inferior to their annual-fee counterparts, and as such, we recommend applying for the fee-cards in most cases.
Chase Ultimate Rewards
The first thing you have to know about Chase Ultimate Rewards program is that there are two separate tiers in which your credit card can fall. Tier one includes the Chase Freedom and Ink Business Cash Credit Card cards. Basically, what we are calling the ‘tier one’ cards allow cardholders to redeem their rewards at a less attractive, one cent per point, redemption rate. What these 2 cards do have going for them though is that they are all no annual fee cards so you will be saving $95 a year over the ‘tier two’ card options.
Chase’s primary ‘tier two’ Ultimate Rewards cards are as follows: Chase Sapphire Preferred Card, Chase Sapphire Reserve, and the Ink Business Preferred Credit Card. Though this selection of credit cards comes with hefty annual fees, they make up for that fact by giving your Chase Ultimate Rewards more value – between 25% and 50%, depending on which card you get.
These ‘tier-two’ cards also come with an additional option that make them all the more enticing. They allow cardholders the option to transfer their Chase Ultimate Rewards points at a rate of 1:1 to a handful of travel partners giving you a ton of flexibility in where you spend your points and how much value you get for them.
Current Partners of Chase Ultimate Rewards
- British Airways Executive Club
- Korean Air SKYPASS
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- United Mileage Plus
- Virgin Atlantic Flying Club
- Hyatt Gold Passport
- Marriott Rewards
- IHG Rewards Club
- Ritz Carlton Rewards
Worth of Chase Ultimate Rewards
The Value of Chase Ultimate Rewards is 1 cent per point when used towards cash back, travel expenses and other items. Things can get a little more complicated with some of the cards in this program, since as they offer additional ways to spend the points that can net you a better value. The fee-based cards give you a 20% discount when redeeming points for travel, making the Ultimate Rewards points worth 1.25 cents per point. Even better yet, with the Chase Sapphire Preferred Card you can transfer your rewards to partner loyalty programs where they can be worth significantly more.
Knowing the value of each point is only half of the equation. Chase Ultimate Rewards rates among the available cards varies, with many cards offering higher rewards in particular spending categories. Among the standouts are the rewards for the Chase Sapphire Preferred Card, where you earn double points per dollar spent on travel and dining at restaurants.
Depending on your spending patterns and how you like to shop for travel, Chase Ultimate Rewards offers the potential for significant savings on your spending. The beauty of Chase Ultimate Rewards that it balances flexible redemption options, with the opportunity for getting more value of your rewards. For shoppers willing to do a little more research and maximize their reward redemption, the Sapphire Preferred is the best way to achieve the best of both these worlds.
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