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TPG Reader William emailed The Points Guy asking:

“I have all three Chase cards now (Sapphire Preferred, Ink Bold, Ink Plus) and have points balances for each. I was thinking about cancelling one of the Ink cards and possibly the Sapphire so as not to pay the annual fees on three cards. Would I be able to do so and keep the points from the cancelled card, or do I need to forfeit those points when I close one or two of the accounts?”

One of the things I like most about Chase Ultimate Rewards cards like the Chase Sapphire Preferred Card, the Ink Bold, and even the Chase Freedom card is that I have them all under one login and I can transfer points in between accounts. So those Chase Freedom points that I am getting 5X points per quarter go into my Freedom Ultimate Rewards account, but through Chase’s account management system I can combine all my points, meaning I can combine those Freedom cash back points into my Sapphire Preferred Ultimate Rewards account and then transfer them on to the 11 different Chase Ultimate Rewards partners.

Make to leave one Chase card open and put all your points under that card in your Ultimate Rewards account. Image courtesy of Shutterstock.
Make to leave one Chase card open and put all your points under that card in your Ultimate Rewards account. Image courtesy of Shutterstock.

TPG reader William emailed me to say he has several Chase cards and is considering canceling one or two of them. William, all you need to do is combine the points from the card(s) you want to cancel into one of the other Ultimate Rewards accounts you’d like to keep open and they will be safe there.

However, if you choose to cancel your only or last remaining Chase account, or even an Amex Rewards account, in this case I would always recommend to use the points.  You should transfer them out to one of the partners, because if you do cancel all existing Ultimate Rewards cards, you will lose those unused points.

In conclusion, use them or lose them, or simply keep one of the cards open, like one with no-annual fee and keep them in that account.

If you have any other questions, please tweet me @thepointsguy, message me on Facebook, or send me an email at

Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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.