Chase Ultimate Rewards: The Cards and how the points are earned!

Chase Ultimate Rewards

Chase Ultimate Rewards: The Cards and how the points are earned!

 

Chase Ultimate Rewards points are some of the most valuable points ‘currencies’ around, and mine and Kevin’s personal favorite. In this series we’re going to discuss:

Chase Ultimate RewardsCredit Card Spend:

  • Chase Sapphire Preferred:
    • Signup Bonus: 40k points after $4,000 in spend in the first 3 months
      • 5k more points for adding an authorized user. 45k Points Total!
      • $0 annual fee for the first year, then $95.
    • The first Friday of each month, it’s 3x points on all dining!
    • 2x points on Travel & Dining
    • 1x points on everything else
Chase Sapphire Preferred

Chase Sapphire Preferred

  • Chase Ink Plus (this is a business card – more on how to get those later on):
    • Signup Bonus: 50k points after $5,000 in spend in the first 3 months.
      • $0 annual fee for the first year, then $95
    • 5x points at office supply stores
    • 5x points on cellphone, landline, internet and cable TV services
    • 2x points at gas stations and hotel accommodations
    • 1x points on everything else
Chase Ink Plus

Chase Ink Plus

  • Chase Freedom:
    • The Chase Freedom is unique. Every 100 points you have is equaled to $1 in cash-back. The card gives you points for spend and you can either use it to convert to cash-back or transfer to one of the two cards above (see more below).
    • Signup Bonus: $100 (or 10k points) after only $500 in spend in 3 months.
      •  $25 (2,500 points) for adding an authorized user. 12.5k Points Total!
      • No annual fee!
    • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter. Categories change every 3 months. You can see the bonus-categories schedule here.
Chase Freedom

Chase Freedom

With the Freedom card alone, you will not have access to the use of Ultimate Rewards points outside of simply cash back. To have access to the full power and options of UR, you must have one of the other two cards above. Once you have a card that is linked to ‘full’ Ultimate Rewards (such as the CSP or Ink), you can combine all of your points into one account. In summation, if you get the Freedom, make sure you get the Sapphire Preferred as well!

Now, there are other chase credit cards, but as of now, these are the only three cards that allow you to earn Ultimate Rewards points. There used to also be the Chase Ink Bold (business charge card), but it has since been discontinued.

Chase does a great job with detailing where your earned points are from. For instance, they’ll break down your bonus points by travel, dining, and normal, everyday spend.

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Shop through Chase:

Formerly known as the Ultimate Rewards Mall, Shop through Chase (accessible through your Chase account) is a game changer. When you go through this portal using your Chase card (Sapphire Preferred or Ink Plus) you earn bonus UR points with you purchase, making this a very simple way to earn UR points.

(Click Images to Enlarge) 

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Simply be going through this portal before doing your online shopping, you can earn A LOT more points. Say I need to buy $200 worth of hammers from Home Depot (very normal purchase). Instead of going to homedepot.com, I go through the Chase Shopping Portal and then simply click the Home Depot button.

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When I click on the HomeDepot link, it’ll show me this:

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Basically, it says you won’t notice a single thing different, but by clicking on that link and buying hammers on homedepot.com, you’ll be getting UR bonus points for your purchase. Instead on getting 200 points (if you’re using your Sapphire Preferred), you’ll get 600 points! Easy as that. No reason not to do it.

There you have it, a quick Chase Ultimate Rewards rundown.

Now start earning them so you can read how to use them in the next post!

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