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TPG reader Wasif sent me a mesage on Facebook to ask about redeeming Ultimate Rewards points:
“I want to transfer Ultimate Rewards points from my Chase Freedom and Chase Sapphire Preferred accounts, but the Freedom card doesn’t seem to allow it. What are my options?”
The Chase Freedom Card has long been one of my favorite options for earning rewards with no annual fee. There are other cards that offer 5 points or miles per dollar spent on rotating categories, but none of them let you transfer rewards to airline and hotel partners, which is where you generally get the best redemption value.
The catch is that you can’t transfer directly to travel partners; in order to transfer points from a Chase Freedom account, you must also have a premium Ultimate Rewards account like the Chase Sapphire Preferred Card, the Ink Plus Business Card or another eligible product. The points you earn from different Ultimate Rewards cards are kept separate, so you have to first send points from your Freedom account into one of the others. Fortunately, Chase makes that process painless.
Once you log into your Ultimate Rewards account, hover over your points total in the upper right corner, and a drop-down menu will appear with an option to combine points. Just select which accounts you’re transferring to and from, and how many points you want to move. The request will go through instantly, and you can then transfer points to airline and hotel partners or redeem directly for travel at 1.25 cents apiece through the Ultimate Rewards Travel Portal.
The same goes for points earned on the Ink Business Cash Credit Card and the new Freedom Unlimited Card, which Chase launched earlier this month. If you don’t have Sapphire Preferred or another premium Ultimate Rewards card, you can still redeem points toward gift cards, travel and cash back, but you’ll only get one cent apiece for them.
For more on how to maximize Chase Freedom and Ultimate Rewards points, check out these posts:
- Why Chase Freedom Isn’t Just Another Cash Cack Card
- Redeeming Chase Ultimate Rewards Points for Maximum Value
- Chase Unveils 5x Freedom Bonus Categories for 2016
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
- 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