TPG reader credit card question: Which Chase card should I use to consolidate my Ultimate Rewards points?
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Editor’s note: This is a recurring post, regularly updated with new information.
One key difference between Chase and Amex is that with Chase, the points you earn are tied to an individual card and not automatically pooled together (though you can choose to transfer them between you various cards). TPG reader Loren wants to know which card she should pool all of her points to:
I have both the Chase Sapphire Preferred Card and Ink Business Preferred Credit Card — which card is better to consolidate all my points to?TPG READER LOREN
For more TPG news delivered each morning to your inbox, sign up for our daily newsletter.
So what factors should Loren consider in order to decide which card to pool all of her points to? Chase allows you to transfer your Ultimate Rewards points between your different credit cards with very few restrictions, and while we have no reason to believe that they’ll change this policy, they might decide to one day. Once you’ve decided which card is going to “hold” all of your points, you should get into the habit of transferring points to that card every month when your statements close so you don’t get stranded if Chase changes this policy down the road.
Upgrading your redemption value
If you have a card like the Chase Freedom Unlimited or Chase Freedom Flex, consolidating your points is very important. Both of these are billed as cash-back cards, and they earn rewards in the form of “points” that are worth one cent each. However, if you hold any Ultimate Rewards earning Chase card such as the Chase Sapphire Preferred Card, Chase Sapphire Reserve or Ink Business Preferred Credit Card, you can move your points from the Freedom Flex/Freedom Unlimited to one of those cards and turn them into fully transferable Ultimate Rewards points. TPG values Ultimate Rewards points at 2 cents each, so this doubles your return over just taking the cash back.
In this case consolidating your points on an annual-fee, Ultimate Rewards-earning card is a no-brainer, and this monthly transfer is key to getting outsized returns from your Freedom Flex and Freedom Unlimited cards. But if you have more than one card that meets this bill, how do you decide? Say you have the Chase Sapphire Reserve and the Ink Business Preferred Credit Card. Both have their own merits when it comes to perks and bonus categories, but they each offer access to the exact same 10 airline and three hotel transfer partners, at the exact same rates.
The key difference on the redemption side comes when you try to use your points to book flights, hotels and other travel directly through the Chase Ultimate Rewards travel portal. The Ink Preferred offers a 25% bonus for these redemptions (same as the Chase Sapphire Preferred Card), while the Sapphire Reserve offers a hefty 50% bonus. Even if you don’t frequently use this redemption option, you should consider storing all of your points on the Sapphire Reserve to take advantage of this higher bonus.
Personal vs. business
If we go back to Loren’s original question, comparing the Chase Sapphire Preferred and the Chase Ink Business Preferred, we’ll see that this is a tough comparison and there isn’t really a right answer. I’d say she could pick either card to consolidate her points on and it wouldn’t really matter, as both offer access to airline and hotel transfers and the same 25% bonus when redeeming directly through the Chase portal.
One thing she might want to consider is whether she plans on sharing these points with anyone else. On personal cards like the Sapphire Preferred you can only transfer points to someone in your household, while Ink business cards let you also share points with another owner of the business.
When deciding which Chase card to consolidate your points on, you’ll want to focus on the redemption options available to that card and specifically which offers a better bonus when redeeming through the Ultimate Rewards portal. In Loren’s case, where the two cards she’s considering are tied in both of these categories, she can pick either one and achieve the same result. Whether she plans to use these points for personal or business expenses, and who if anyone she plans to share them with, might push her towards one card or another but she can’t go wrong with either choice.
Featured photo by Eric Helgas/The Points Guy.
Welcome to The Points Guy!
Earn 90,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in the first three months of card membership. Offer ends 11/10/2021.
With Status Boost™, earn 10,000 Medallion Qualification Miles (MQMs) after you spend $25,000 in purchases on your Card in a calendar year, up to two times per year getting you closer to Medallion Status. Earn 3X Miles on Delta purchases and purchases made directly with hotels, 2X Miles at restaurants and at U.S. supermarkets and earn 1X Mile on all other eligible purchases. Terms Apply.
- Limited Time Offer: Earn 90,000 Bonus Miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $3,000 in purchases on your new Card in your first 3 months. Offer expires 11/10/2021.
- Earn up to 20,000 Medallion® Qualification Miles (MQMs) with Status Boost® per year. After you spend $25,000 in purchases on your Card in a calendar year, you can earn 10,000 MQMs two times per year, getting you closer to Medallion® Status. MQMs are used to determine Medallion® Status and are different than miles you earn toward flights.
- Earn 3X Miles on Delta purchases and purchases made directly with hotels.
- Earn 2X Miles at restaurants worldwide, including takeout and delivery and at U.S. supermarkets.
- Earn 1X Miles on all other eligible purchases.
- Receive a Domestic Main Cabin round-trip companion certificate each year upon renewal of your Card. *Payment of the government imposed taxes and fees of no more than $75 for roundtrip domestic flights (for itineraries with up to four flight segments) is required. Baggage charges and other restrictions apply. See terms and conditions for details.
- Enjoy your first checked bag free on Delta flights.
- Fee Credit for Global Entry or TSA Pre✓®.
- Enjoy an exclusive rate of $39 per person per visit to enter the Delta Sky Club® for you and up to two guests when traveling on a Delta flight.
- No Foreign Transaction Fees.
- $250 Annual Fee.
- Terms Apply.
- See Rates & Fees