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Chase cards announce new bonus opportunities for May

May 02, 2022
7 min read
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Chase cardholders will be happy to know that a popular promotion from last year has returned — perfect timing if you're looking for gifts for Mother's Day, Father's Day or upcoming graduations.

The Month of More promotion includes bonuses on both the earning and redemption side, with elevated rates through the Chase shopping portal and Chase dining alongside extra value when using your points for Apple products and gift cards.

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Here's a detailed look at the available offers in the Month of More promotion.

Eligible Chase cards for this promotion

Chase cash-back cardholders are getting some love this month, with this promotion running from May 1-31, 2022. The following cards are eligible:

With the Freedom cards, your points are typically worth just 1 cent each for any of the redemptions we'll cover in this promotion. However, the Month of More offers 5-10% more value, making your points worth up to 1.1 cents apiece instead.

To take advantage of the new options detailed below, simply log into the Ultimate Rewards portal.

Up to 50% bonus for Apple products

If you've been eyeing Apple products, now could be a great opportunity to jump on it. When you use Chase points through the Ultimate Rewards portal, you can now enjoy up to 50% in additional value at Apple. Here's how it works:

For the Sapphire cards and the Ink Business Preferred, this essentially means that Apple redemptions now match the value you can get by using your Ultimate Rewards points for travel through the Chase portal.

For example, AirPods Pro cost $249.00 (or 24,900 points) without this promotion. However, you can now get them for just 16,600 points if you have the Sapphire Reserve.

Screenshot courtesy of Chase

This saves you over 8,000 points.

Just note that the exact redemption amount will vary depending on the Chase card from which you use the points.

Related: How to transfer Chase Ultimate Rewards points between accounts

up to 10% more value on gift cards

You can also enjoy a redemption bonus on gift cards from select brands. However, this is consistent across all Chase cards.

Cardholders will enjoy 10% in extra value when you use your Chase points for these redemptions, and discounted brands include Home Depot, Happy cards (these are valid at multiple brands, which vary by type), Athleta, Ulta, Domino's and more.

A $100 gift card would typically cost 10,000 points. With the discount, you need just 9,000 points.

Shop through Chase for up to 7% bonus cash back

(Screenshot courtesy of chase.com)

If you're shopping online, you should always check portals for opportunities to earn bonus points. Right now, the Chase shopping portal has bonus earning for up to 7% cash back on brands like these when using a participating Freedom card:

  • Samsung (7% cash back).
  • Nike (6% cash back).
  • The Home Depot (5% cash back).
  • Lululemon (5% cash back).

This promotion works as if you were shopping through an airline portal. Head to ‘Earn Bonus Points’ on the Ultimate Rewards portal and shop through the link of the respective retailer to earn these bonus points this month.

Related: How to maximize points and miles on Mother’s Day purchases

Earn 10% cash back with Chase Dining

(Photo by Oscar Wong/Getty Images)

Similar to a promotion we saw last year, Freedom cardholders can earn 10% cash back when ordering takeout or making a prepaid reservation with Chase Dining.

Chase Dining is similar to other dining programs that offer bonus rewards when dining at affiliated restaurants after you create an account and then pay at the restaurant using the credit card listed in your account. The number of restaurants available will greatly depend on where you live.

Related: Can I earn miles from two dining programs at the same time?

While the other promotions in the Month of More are only available in May, this bonus offer from Chase Dining is available through June 30, 2022. Freedom cardholders will earn 10% cash back on takeout and prepaid reservations when using the Chase Dining website.

Is it worth it?

Normally, your Ultimate Rewards points are worth 1 cent each for non-travel redemptions. However, if you also carry the Chase Sapphire Preferred Card or the Chase Sapphire Reserve, your Ultimate Rewards points can be worth up to 2 cents each according to TPG’s valuations. That's because you can unlock transfers to Chase's travel partners, which include 11 airline and three hotel rewards programs.

(Photo by John Gribben for The Points Guy)

During the month of May, Freedom cardholders can redeem their points for 1.1 cents each on Apple products and select gift cards. That's far less value than what you will typically obtain using your points for travel. However, you need another card to unlock this option; simply having a Freedom card doesn't allow you to use Chase's transfer partners.

Meanwhile, if you hold the Sapphire Preferred or Ink Business Preferred, you can use your points for Apple products at a rate of 1.25 cents per point. And Sapphire Reserve cardholders can do so for 1.5 cents per point. These are much better redemption rates — but they still fall short of TPG's valuations.

That being said, if you don't have any upcoming travel for which you want to use your points (or if you simply want to save cash), the best time to redeem your points for gifts is when you can use them at increased valuations. Remember that you can combine Ultimate Rewards points between accounts if you need a few more for a redemption — or want to pool your points under a card that offers a higher value.

The question ultimately comes down to whether you are happy to use your points in a way that saves cash when purchasing items online or whether you prefer to hold your points until you can use them for maximum value. Depending on your answer, you'll know whether this promotion is a good time for you to use your points or not.

Featured image by Getty Images/iStockphoto
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

TPG featured card

Best starter travel card
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards

1 - 3X points
3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases

Intro offer

Earn 80,000 ThankYou® points60,000 points
For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

Annual Fee

$95

Recommended Credit

670-850
Excellent, Good
Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases
Best starter travel card
TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
4 / 5
Go to review

Rewards Rate

3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases
  • Intro Offer
    For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

    Earn 80,000 ThankYou® points
    60,000 points
  • Annual Fee

    $95
  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent, Good

Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases