What you need to know about the Chase Ultimate Rewards program

Posted on August 21, 2019 by in Chase Ultimate Rewards, Travel Deals, Travel News

Chase Ultimate Rewards is the name of the points program for Chase’s rewards credit cards. Among points systems, Chase Ultimate Rewards is highly regarded because point values can be relatively high if used strategically to pay for travel. Whether you’re looking for a travel, business, or just a great all-around cashback card, Chase has several options that will all let you start earning Ultimate Rewards.

What you need to know about Chase Ultimate Rewards

Chase ultimate rewards points are some of the easiest to get because it is offered on multiple cards. You just need to select a business or personal card, both of which are part of the Ultimate Rewards program. If you’re just getting started earning points and miles, the Ultimate Rewards points are a smart choice. You’ll earn Chase Ultimate Rewards points only with Chase-branded rewards credit cards. That excludes Chase non-rewards cards and Chase cards that have a “co-brand partner,” such as United Airlines, Amazon or Marriott.

Chase Ultimate Rewards points can be redeemed for:
·        Cash back
·        Travel
·        Gift cards
·        Amazon purchases
·        Apple purchases

Each Chase Ultimate Rewards point is generally worth 1 to 1.5 cents, depending on which cards you have and what you buy with the points. Points may be worth even more if you transfer them to one of Chase’s travel partner programs.

Cards that earn Chase Ultimate Rewards

 Chase Sapphire Preferred Card

·        Bonus: 60,000 bonus points after you spend $4,000 on purchases in the first three months from account opening
·        Benefits: This card offers 2x points on all travel and dining purchases and has no foreign transaction fees. You also get a lot of travel perks like delayed baggage insurance, trip interruption/cancellation insurance, and primary car rental insurance. To top it all off, Chase offers great customer service
·        Annual Fee: $95

Chase Sapphire Reserve Card

·        Bonus: 50,000 points after you spend $4,000 on purchases in the first three months from account opening
·        Benefits: With this, you’ll earn 3x points on all travel (excluding $300 travel credit) and dining purchases, and you can redeem points through the Chase Ultimate Rewards travel portal at a rate of 1.5 cents apiece. Other perks include a $300 annual travel credit, a fee credit for Global Entry or TSA PreCheck and Priority Pass Select lounge access. Cardholders also get primary car rental coverage, trip interruption/cancellation insurance, and other protections.
·        Annual fee: $450

 Chase Freedom Card

·        Bonus: $150 (15,000 Ultimate Rewards points) after you spend $500 in the first three months.
·        Benefits: The card earns 5% back/5x points on select bonus categories which rotate quarterly up to $1,500 per quarter.
·        Annual Fee: $0

Chase Freedom Unlimited Card

·        Bonus: Earn 3% cash back (3x points) on all purchases in your first year up to $20,000 spent.
·        Benefits: Unlimited 1.5% cash back on every purchase (besides the first $20,000 in your first year, which earns 3%).
·        Annual fee: $0

 Ink Business Cash Card

·        Bonus: $500 cash back after you spend $3,000 on purchases in the first three months from account opening
·        Benefits: Earn 5% cash back on the first $25,000 in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year. Earn 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year.
·        Annual Fee: $0

Ink Business Unlimited Card

·        Bonus: $500 cash back after you spend $3,000 on purchases in the first three months from account opening
·        Benefits: Earn unlimited 1.5% cash back rewards on every purchase.
·        Annual Fee: $0

 Ink Business Preferred Card

·        Bonus: 80,000 points after you spend $5,000 on purchases in the first three months from account opening
·        Benefits: This card earns 3x points on the first $150,000 spent in combined purchases on travel, shipping purchases, internet, cable and phone services, advertising made with social media sites and search engines each account anniversary year. You earn 1 point per dollar on all other purchases, and points don’t expire as long as your account is open.
·        Annual Fee: $95