With a Chase Freedom credit card, you can earn Ultimate Rewards. The Ultimate Rewards program is one of the better credit card rewards programs available, so read on to find out how to get more out of the points that you earn with a Chase Freedom card.
We’ve written about Chase Freedom rewards before and recently compared its benefits with the Discover it credit card. With no annual fee, 5% cashback in quarterly categories and a $100 bonus when you spend just $500 in 3 months, the Chase Freedom rewards are pretty good, just not particularly for frequent travelers. You can use your Ultimate Rewards points, your Chase card, or both to book travel, a hotel or rental car. and the Ultimate Rewards travel portal lets you book:
- Hotel Accommodations
- Car Rentals
If you use your Chase Freedom rewards points to book airline tickets, your ticket is treated as a revenue fare and you’ll earn frequent flyer miles, but it’s unlikely that you’ll earn loyalty points with hotel bookings and you may not get elite status perks. There are flight deals to be found and you can often get a good price on car rentals, but if you have another Chase card in particular, your Chase Freedom world just got a whole lot brighter…
If you have a Sapphire Preferred, Corporate Flex or Ink Plus Business card, you can get 20% off travel when you redeem your Ultimate Rewards for travel through the Chase Ultimate Rewards website. The Chase Freedom doesn’t have this benefit, but there’s a way around this if you also have (or if your spouse/domestic partner also has) one of those three Chase cards – you can combine your points. Move your Chase Freedom points into one of those three Ultimate Rewards accounts and you now have the 20% discount on all your earned points. Chase are quick to close accounts of those who abuse this perk, so ensure you only combine your own points or those of your spouse or domestic partner.
However, utilizing the 20% travel discount isn’t always the best way to maximize your Ultimate Rewards. If you have an Ink Plus Business or a Sapphire Preferred card, you can transfer points, at a rate of 1 point to 1 mile, in increments of 1,000, to participating travel rewards programs. Again, if you have a Chase Freedom and one of these two other cards (or your spouse/domestic partner does), then combining points means you can use this benefit to get Chase Freedom rewards you wouldn’t normally get on those earned points.
The current participating travel rewards programs are:
- Amtrak Guest Rewards
- British Airways Executive Club
- Hyatt Gold Passport
- Korean Air SKYPASS
- Marriott Rewards
- IHG Rewards Club
- Singapore Airlines KrisFlyer
- Southwest Airlines Rapid Rewards
- The Ritz-Carlton Rewards
- United MileagePlus
- Virgin Atlantic Flying Club
You usually get much more value when transferring to these Chase travel partners rather than redeeming points through the Ultimate Rewards travel portal, so if you have the ability to combine your Chase Freedom points in order to do this, then there’s no better time to start than now.