New Chase Ultimate Rewards Shop With Points on – Good Value?

by on October 24, 2012 · 9 comments

in Chase, Ultimate Rewards

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Chase cardholders who earn Ultimate Rewards with their credit cards recently learned about a new partnership between Ultimate Rewards and that lets them link their two accounts and use points to pay for purchases directly on at a rate of 1 cent per point.

The following cards are eligible for the Pay with Points option:
-Sapphire Preferred
-Ink Bold
Ink Plus
-Ink Cash
-Ink Classic
-Chase Corporate Flex Card
-JP Morgan Palladium Card
-JP Morgan Select Card

Even if your card is already saved in your profile, you’ll still need to enroll it for the Shop with Points option. To link accounts, you first sign into your account at this link, then click Get Started. That will take you to the login page for Amazon, and then once you’ve entered your email and password, you’re taken to a page that says “Shop with Points at

There you enter in your eligible card number, the name on your card, expiration date and billion address, and click to accept the Chase Ultimate Rewards terms and condition.

The page where you enter your information to link accounts.

Once your accounts are linked, you can use points to pay for purchases at a rate of 1 cent per point. What’s interesting is that Ultimate Rewards points may be redeemed to pay for all or a portion of eligible purchases made at Chase will debit the number of points that you elected to redeem for your purchase from your Ultimate Rewards points balance and if you use points to pay for only a portion of the price, the attached credit card to that particular points account will be charged for the rest of the amount. Note: Your points balance may not reflect redemptions for pending purchase transactions until the purchase has been shipped.

Just note: rewards program points cannot be used for all purchases at Items that currently may not be purchased using Shop with Points include some digital goods, some gift cards, Kindle downloads, Subscribe and Save items, and AmazonFresh items. Currently, you may not use one-click to purchase products using Shop with Points. You can also disable the Shop with Points option by clicking on the Shop with Points link and clicking “disable” do deactivate your card.

You can find the rest of the T&C here.

So if you’ve got some odd numbers of extra points sitting around, you can liquidate them by paying for a portion of your purchase.

Is This A Good Deal?
I had several readers email me about this new partnership and asking if this is a good use of points. I’ll start with my own personal opinion, which is: not really. Is it a horrible use of points? Not necessarily- after all I hate judging uses of points in general because what may be valuable to me (international free flights) may be useless to someone else who may be looking to get holiday presents with their points.

As I mentioned in my Monday post Ranking Top Fixed-Value Points Credit Cards, points with fixed value are usually best for travelers with little flexibility looking to redeem points on coach awards and still earn miles and elite status, even on award blackout dates. In the same way, fixed-value points can be good for shoppers who have no interest in using their points for travel, and want to know they can always get a cent per point in value out of their credit card points.

However, as you know from reading this blog, I am much more interested in using my points for premium travel experiences like my most recent experience booking award tickets for first class seats on Korean Air where I was able to squeeze 6.9 cents in value out of each of the 80,000 Ultimate Rewards points I redeemed. If I were to use those Ultimate Rewards points on, they’d only net me $800 in purchases rather than the $5,500 my Korean Air ticket is worth.

I understand that not everyone is looking to use their miles and points for first-class flights and luxury hotel redemptions like me, but in my opinion, it would just be a shame to use Ultimate Rewards points – which are so versatile and valuable thanks to the fact that you can transfer to British Airways, Korean Air, United and Southwest as well as Hyatt, Marriott/Ritz-Carlton, Priority Club and Amtrak – for a mere cent each.

Even Ultimate Rewards’ fixed-value pay-with-points option through the UR travel portal gets Sapphire Preferred cardholders 1.25 cents per point – a 25% bonus over the option.

My advice is, if you’re short on cash and need to use points to pay for some purchases or holiday presents this winter, it’s good to have yet another option for redeeming Ultimate Rewards points, but personally, I’ll stick to the high-yield travel redemptions I value.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • stils

    I wish this partnership would net me points for SPENDING at I spend at least a $100 a month there and sometimes much more. It’d be nice if I could get at least a 1 point bonus through the UR or skymiles shopping mall. There has to be a work around somehow but I don’t know it.

  • Clay

    Go through the Hawaiian Air portal and get 1 pt. Those can be txfrd. to Hilton at 1:2 as well. It is Amazons only pts. partner at this point..

  • Sal

    Here’s a better way to use your points at Amazon. Say you purchase a $100 item at Amazon. Instead of paying with points, just put the purchase on your UR card and earn 1 point per dollar (100 points). Then trade 10000 points for a check or statement credit which you can pay off the Amazon purchase. In this way you are in effect getting 1.01 cent value for your points. That $100 purchase now only costs you $99. It’s not a huge difference, but its better than doing it this way. Paying with a credit card also allows you to use the Hawaiian Air shopping portal to earn additional points.

  • Suzannehendrix

    I’m with you, Bryan. The best use of my points is for (mostly, save taxes and fees) free premium international award air travel. 100,000 points= 1 biz class ticket to Europe (and other places) vs. spending $4-5K on a cash purchased ticket.
    Even when I buy those points on sale, such as US Airways current promotion, I am still only paying roughly $1900 for a biz class fare.

  • Dee Tee

    You could just inform the readers that they can get a check for the points and use it Amazon or wherever they desire. UR points owners can also pay their statement by using points.

    Why even go through the length process of explaining all this. This is a simple one, NO ONE should use this option. I want to one single benefit of using this feature. Did anyone spot any?

  • Guest

    TPG, I really like your website and I hate to see you destroy your credibility like this. This an objectively terrible use of points and you know it. The fact that you end on the note that you’d “personally” prefer to transfer your points for higher redemption values does not disguise the fact that you are in chase’s back pocket. Like Dee said, why even go through this lengthy write-up and highlight a way for your readers to squander their [otherwise valuable] points if not for your own personal gain?

  • leeschneider

    Looking for the same thing. Anyone have any suggestions?

  • Clay

    I am as deep in this hobby as anyone and I have a lot of points and I agree that Travel is almost always the best option, but a couple of years ago I blew 160k MR points on a Fender American Deluxe Strat (40% off at MR shopping).. Now I generate a ton of miles and I can “waste” a few but I will tell you that the Strat is more important to me than an F ticket on SQ… Generally 1 to 1 is a pretty bad deal, but sometimes you want what you want…

  • Iknow

    Check out the Rewards credit card. You earn 3X points for Amazon spending plus 2X points on gas, groceries and restaurants and 1X everywhere else. You should see it on your next checkout at Amazon — they generally have an offer of $50 or something, too, if you get the card.

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