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With high rewards earnings, flexible point redemption and a heavy sign-up bonus, the has long been one of the Nerds' favorite travel cards and one of our most recommended cards overall. But if you don't know the card on an intimate level, you may not be maximizing its value potential.
The Nerds do know the on an intimate level. Here's how to get the most out of it.
The earns Chase Ultimate Rewards points, which are worth 1 cent apiece when redeemed for cash back, gift cards and Amazon purchases. But you get a 25% value boost when you redeem them for travel through Chase Ultimate Rewards.
The Ultimate Rewards travel portal is run by online travel agency Expedia and works on the same basic principle as that agency's own site. Tell it where and when you're traveling and what you need to book (flights, hotels, cars or activities), and the tool serves up options. You can pay for travel with points (at 1.25 cents apiece), cash or a combination of the two.
If you're planning a trip and you're a cardholder, checking Chase Ultimate Rewards before you book can make the process less stressful, and you'll get more value out of your points. If you're not traveling, the 1-cent-per-point redemption for cash back allows you to use rewards as you please.
The boosts the value of your points 25% when redeemed for travel through Chase Ultimate Rewards. The does not. The offers 5% bonus cash-back categories. The does not.
But both perks can be had. Cash back on the is earned as points that can be redeemed for a penny apiece — or transferred to the . So owning both cards effectively combines their benefits into one. If you have both cards, you can earn the 's 5% bonus rewards and the 's 2 points per dollar on travel, and then get the 25% Ultimate Rewards points boost on both.
For the uninitiated, the earns 5% cash back (on up to $1,500 in spending) on a different category each quarter. Here's what it's offering this year:
In some cases, transferring points to other rewards programs can actually lead to higher redemption rates than one would receive redeeming for travel directly through Chase Ultimate Rewards.
Say you find a $190 flight directly through British Airways for 10,000 points for a redemption rate of 1.9 cents per point. Compared with the standard 1.25 cents per point on travel through Chase Ultimate Rewards, a little extra work results in a better deal.
This won't always be the case, but it's usually worth checking to see whether you can squeeze at least a little more value out of your points. Here are all the 's 1:1 transfer partners:
Travel cards usually come with a sign-up bonus, and the comes with a great one:
Of course, you do have to spend enough to actually get the bonus. If you use your exclusively until the bonus threshold is met, you shouldn't have much of a problem scoring some free points — and, accordingly, free travel or statement credit.
To redeem Chase Ultimate Rewards Points:
With the , you can redeem points for cash back (in the form of statement credit) for 1 cent per point starting at 2,000 points ($20) or for travel at the rate of 1.25 cents per point.