Chase Ultimate is one of those rewards programs which never fails to distinguish itself. With a huge number of transfer partners, and overall flexibility, and also the fact that they haven’t devalued in some time, Chase Ultimate may very well be the best that credit card rewards programs have ever been.
The Credit Cards That Let You Earn Points
Chase Sapphire: This card lets you earn twice the points on travel and dining, and 1X on other purchases. For a limited time, you also get 50,000 points for spending $4,000 on your card within the first three months. These points are worth $500 in top value gift cards, cash back, or over $600 in travel. Also for the first year, you get the $95 annual fee waived.
Ink Plus® Business Credit Card: This credit card is for business, and it allows earning points in the Chase Ultimate programs as well. You can get 5 times the points on each dollar inside the first $50,000 you spend in combined purchases at office supply stores, cell phones, landline, internet and cable TV services, 2X for the dollar on the first $50,000 spent at gas stations and on direct hotel bookings, and 1X for the rest.
A limited time offer lets you earn 60,000 points after spending $5,000 with the card inside thirty days. You also get the $95 annual fee waived for the first year.
Redeeming Chase Ultimate Rewards
The main reason that reward points are so attractive is that they are so versatile. Based on where and how you need to travel, it is easy to figure out a way to use these points to that end. Consider the following three for instance:
- Redeeming for cash back: This option gives you a value of a cent per point. For perspective, the signup bonus of 50,000 points comes to $500 in cash.
- Booking travel: When redeeming this way, it is possible to book any type of travel, though that is not as good as getting cash back. The Chase Ultimate Rewards portal gets you a 20% discount, meaning 50,000 points would stack up to over $600 in travel this way. The booking options are versatile too; a lot like using Expedia, except you are getting tickets for free here.
- Transfer to Loyalty Programs: If travelling frequently, moving points to programs from Chase partners is an extremely popular way to go, considering you have a 1:1 value ratio.