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Chase Ultimate Rewards: We Break Down How They Work

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The Ultimate Rewards program from Chase can be one of the most flexible rewards programs in the business if you know how to maximize your point value. And after reading through this guide, you'll know exactly how to do that. So whether you're looking for a travel, business, or just a great all-around cashback card, Chase has several options that will all let you start earnings Ultimate Rewards.

With Chase, you can select from business or personal card options both of which are part of the Ultimate Rewards program. We'll get into more details below, but you should know that the no annual fee card offerings are generally inferior to their annual-fee counterparts, and as such, we recommend applying for the fee-cards in most cases.

Chase Ultimate Rewards: In-Depth Review

What You Need to Know About Chase Ultimate Rewards

The first thing you'll want to know about Chase's rewards program is that there are two separate tiers in which your credit card can fall. Tier one includes the Chase Freedom® and Ink Business Cash℠ Credit Card cards. This tier of rewards cards pales in comparison to the second tier which we'll tell you about shortly. Basically, what we're calling the 'tier one' cards allow cardholders to redeem their rewards at a less attractive, one cent per point, redemption rate. What these 2 cards do have going for them though is that they're all no annual fee cards so you'll be saving $95 a year over the 'tier two' card options. 

Chase's primary 'tier two' Ultimate Rewards cards are as follows: Chase Sapphire Preferred® Card, Chase Sapphire Reserve℠, and the Ink Business Preferred℠ Credit Card. Though this selection of credit cards comes with hefty annual fees, they make up for that fact by giving your Ultimate Rewards more value -- between 25% and 50%, depending on which card you get.

These 'tier-two' cards also come with an additional option that make them all the more enticing. They allow cardholders the option to transfer their Ultimate Rewards points at a rate of 1:1 to a handful of travel partners giving you a ton of flexbillity in where you spend your points and how much value you get for them.

The current Ultimate Rewards Transfer partners are: 

  • British Airways Executive Club
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards®
  • United MileagePlus®
  • Virgin Atlantic Flying Club
  • Hyatt Gold Passport®
  • Marriott Rewards®
  • IHG® Rewards Club
  • Ritz Carlton Rewards®

What Are Chase Ultimate Rewards Worth?

For most cards, the value of Ultimate Rewards points is simple. They're worth 1 cent per point when used towards cash back, travel expenses and other items. Things can get a little more complicated with some of the cards in this program, since as they offer additional ways to spend the points that can net you a better value. The fee-based cards give you a 20% discount when redeeming points for travel, making the Ultimate Rewards points worth 1.25 cents per point. Even better yet, with the Chase Sapphire Preferred® Card you can transfer your rewards to partner loyalty programs where they can be worth significantly more.

Knowing the value of each point is only half of the equation. Rewards rates among the available cards varies, with many cards offering higher rewards in particular spending categories. Among the standouts are the rewards for the Chase Sapphire Preferred® Card, where you earn 2x points per dollar spent on travel and dining at restaurants. Depending on your spending patterns and how you like to shop for travel, Chase Ultimate Rewards offers the potential for signficant savings on your spending.

The beauty of Chase Ultimate Rewards that it balances flexible redemption options, with the opportunity for getting more value of your rewards. For shoppers willing to do a little more research and maximize their reward redemption, the Sapphire Preferred is the best way to achieve the best of both these worlds. 

Chase Ultimate Rewards Credit Cards

Here is a side-by-side comparison of all the credit cards that will earn you Chase Ultimate Rewards points. You can read on ahead if you want a more in-depth look at each of the offers and what it excells at.

Chase Freedom®Chase Sapphire Preferred® CardChase Sapphire Reserve℠Chase Freedom Unlimited®
Ultimate Rewards Bonus15,00050,00050,00015,000
Bonus Requirement$500 spent in first 3 months$4,000 spent in first 3 months$4,000 spent in first 3 months$500 spent in first 3 months
Bonus Value Estimate$150$625$750$150
Annual FeeNone$95 (Waived Y1)$450$0
APR15.99% - 24.74% Variable16.99% - 23.99% Variable-15.99% - 24.74% Variable
Foreign Trans Fee3%0%$03%
Read ReviewRead ReviewRead ReviewRead Review

The Chase Sapphire Preferred® Card: The Best Travel Rewards Credit Card

Among all the cards under the Chase Ultimate Rewards banner, the Chase Sapphire Preferred® Card is the clear cut leader. For the $95 annual fee (waived for the first year), the card increases the value of your rewards significantly. With the Chase Sapphire Preferred® Card you get a redemption discount of 20% whenever booking through the Ultimate Rewards online travel portal. That alone boosts the value of a single Ultimate Rewards point to $0.0125. The Chase Sapphire Preferred® Card further allows you to transfer your points to various airline/hotel loyalty programs. All these things the card offers allow travelers to amplify their rewards rate.

The card has one of the better signign bonuses we've seen. Cardholders who spend $4,000 in their first 3 months can get 50,000 Ultimate Rewards points. If you use these towards travel redemptions through UR, this bonus can be worth around $625, or $500 when used for cash back.

The Chase Sapphire Reserve℠: The Best Premium Travel Card Around

The Chase Sapphire Reserve℠ is widely believed to be the best luxury travel credit card around -- certainly the best out of all the Ultimate Rewards line up. First of all, this is one of the highest-earning Ultiamte Rewards credit cards. You get three points per dollar spent on travel and dining out, and one point everywhere else. You get a 50% bonus to your redemptions when using the points on the card through the Ultimate Rewards online travel portal. Therefore, the card's rewards rate translates to anywhere between 1.5% and 4.5%. You can also get 50,000 bonus points for spending at least $4,000 with the card within your first three months of account opening. As long as you get the 50% bonus, that comes out to a value of $750 -- making this the best Ultimate Rewards bonus.

If you get this card you'll have to contend with its $450 annual fee. Fortunately, it offers more benefits that help cancel this out. First, you get a $300 annual travel credit that can pay for things like airline tickets or taxi rides. You'll also get complimentary Priority Pass membership, worth hundreds of dollars. This will get you into luxury airport lounges around the world, making your time at the airport a lot more pleasant.

The Chase Freedom®: A Cash Back Credit Card for Optimizers

Don't be fooled. While the Chase Freedom® is advertised as a "cash back card", it earns users Ultimate Rewards points. You get 5 points per dollar on up to $1,500 in combined purchases in bonus categories each quarter you activate; all other spending get you just one point per dollar. On its own, the points with this card are worth $0.01 when used towards cash back. However, those who love optimizing their rewards can combine this card with the Chase Sapphire Preferred® Card. If you get both cards, you can pool all the points together and boost their value through the Chase Sapphire Preferred® Card, as we described above.

Bonus hunters can get a good deal on the Chase Freedom® too. Spending $500 on the card within the first 3 months of cardmembership will get you 15,000 Ultimate Rewards points.

The Chase Freedom Unlimited®: The Simplest Way to Earn Ultimate Rewards Points

The Chase Freedom Unlimited® is designed with simplicity in mind. You earn 1.5 Ultimate Rewards points for every single dollar you spend with the card. While you can get more with the cards we described above, those offers require you to be more involved. Unlike those other cards, the Chase Freedom Unlimited® doesn't require you to keep track of where you're spending your money or whether you're shopping within bonus categories. You simply get an above-average return no matter where you shop. That can be particulary useful for anyone who has needs that don't conform to typical credit card reward categories.

Like the Chase Freedom®, the Chase Freedom Unlimited® offers a decent sign-up bonus. You'll get 15,000 Ultimate Rewards points for spending at least $500 within 3 months of account opening.

Compare Ultimate Rewards Credit Cards

ValuePenguin has also built an easy to use tool that can help you determine which card is best for your particular situation. Click on "Model Input" to tell us more about your spending habits and we'll show you what card we think is best.

Edit Monthly Spend: $1,430
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Card Annual Fee 2-yr Net Rewards Rate

The Net Rewards Rate is equal to the Rewards Value over two years divided by the total spending. The total spending is equal to the values entered into the tool and multiplied by 24 months. See the Rewards Value note to see details on how it is calculated.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Bonus Value

The bonus field shows our estimate for the value of the card’s sign-up bonus. If the bonus is point or mile based, we multiply the total bonus points/miles by our estimate for their value to arrive at a dollar equivalent. We display $0 if there is no bonus or if the user doesn’t qualify for the bonus based on the current spending entered into the tool.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

2-yr Rewards Value

The Rewards Value is calculated by adding together the rewards earned from charging purchases to the card over two years and any sign-up bonuses (if applicable). They are then multiplied by our estimated point/mile value, with any annual fees (if applicable) subtracted. All values are based on our own estimates for the dollar value of any points, miles or bonuses earned using a card.

The estimates here are ValuePenguin's alone. They are not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

Starwood Preferred Guest® Credit Card from American Express
$0 introductory annual fee for the first year, then $95. 3.69%
$600
Earn 25,000 bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months
$1,329
Graph Card Read Review More Details

Terms and Limitations Apply

Annual Fee $0 introductory annual fee for the first year, then $95.
APR 16.24%-20.24% Variable
*Rates and Fees

Card Details

  • Earn 25,000 bonus Starpoints® after you use your new Card to make $3,000 in purchases within the first 3 months.
  • Earn 2 Starpoints® for each dollar of eligible purchases spent on the Card at participating SPG® & Marriott Rewards® hotels. Earn 1 Starpoint for all other purchases.
  • No Foreign Transaction Fees on International purchases.
  • Redeem Starpoints® at over 1,300 participating hotels and resorts in over 100 countries and for flights on more than 150 airlines with SPG flights, all with no blackout dates.
  • $0 introductory annual fee for the first year, then $95.
  • Terms Apply.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.024 = $824
Bonuses
25,000 x $0.024 = $600
Less Annual Fees -$95
Total Net Estimated Rewards Through 24 Months 1,329
Chase Sapphire Preferred® Card
Introductory Annual Fee of $0 the first year, then $95 2.86%
$625
50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening
$1,028
Graph Card Read Review More Details
Annual Fee Introductory Annual Fee of $0 the first year, then $95
APR 16.99% - 23.99% Variable

Card Details

  • 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®
  • 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

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 39,840 x $0.013 = $498
Bonuses
50,000 x $0.013 = $625
Less Annual Fees -$95
Total Net Estimated Rewards Through 24 Months 1,028
Chase Sapphire Reserve℠
$450 1.47%
$750
50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $1,500 in travel when you redeem through Chase Ultimate Rewards®
$530
Graph Card Read Review More Details
Annual Fee $450
APR

Card Details

  • 3X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • $0 foreign transaction fees on international purchases
  • 1:1 Point transfer to leading airline and hotel loyalty programs
  • Complimentary Airport Lounge Access to 900+ airport lounges worldwide
  • Global Entry or TSA Pre Fee Credit
  • $300 Annual Travel Credit automatically applied to your account for travel purchases charged to your card

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 45,360 x $0.015 = $680
Bonuses
50,000 x $0.015 = $750
Less Annual Fees -$900
Total Net Estimated Rewards Through 24 Months 530
Chase Freedom Unlimited®
$0 1.85%
$150
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening;Earn a $25 Bonus when you add your first authorized user and make a purchase within this same 3-month period
$665
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Unlimited 1.5% cash back on every purchase — it's automatic
  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 51,480 x $0.01 = $515
Bonuses
0 x $0.01 = $150
Total Net Estimated Rewards Through 24 Months 665
Platinum Delta Skymiles® Credit Card
195 1.51%
$520
Earn a $100 statement credit after you make a Delta purchase with your new Card within your first 3 months. Offer ends 11/09/2016. ; Earn 5,000 Medallion® Qualifying Miles and 35,000 Bonus Miles after spending $1,000 in the first 3 months
$542
Graph Card Read Review More Details

Terms and Limitations Apply

Annual Fee 195
APR 16.74%-25.74% Variable
*Rates and Fees

Card Details

  • Limited Time Offer: Earn 70,000 bonus miles and 10,000 Medallion® Qualification Miles (MQMs) after you spend $4,000 in purchases on your new Card in your first 4 months.
  • In addition, earn a $100 statement credit after you make a Delta purchase with your new Card within your first 4 months. Offer expires on 7/5/2017.
  • Earn 2 miles on every dollar spent on purchases made directly with Delta. Earn 1 mile for every dollar spent on all other eligible purchases.
  • Check your first bag free on every Delta flight - that's a savings of up to $200 per round trip for a family of four.
  • Settle into your seat sooner with Priority Boarding.
  • Terms Apply.

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 34,320 x $0.012 = $412
Bonuses
0 x $0.012 = $100
35,000 x $0.012 = $420
Less Annual Fees -$390
Total Net Estimated Rewards Through 24 Months 542
Chase Freedom®
$0 1.37%
$150
Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
$493
Graph Card Read Review More Details
Annual Fee $0
APR 15.99% - 24.74% Variable

Card Details

  • Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
  • Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate
  • Enjoy new 5% categories each quarter like gas stations, restaurants and drugstores
  • Unlimited 1% cash back on all other purchases - it's automatic
  • 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 15.99-24.74%. Balance transfer fee is 5% of the amount transferred, $5 minimum
  • No minimum to redeem for cash back
  • Cash Back rewards do not expire as long as your account is open
  • No annual fee

Estimated Rewards Through 24 Months

Card Rewards Estimated Rewards Value Dollars*
Spending Rewards 343 x $1 = $343
Bonuses
0 x $1 = $150
Total Net Estimated Rewards Through 24 Months 493

Other Rewards Programs to Consider

There are programs that can offer higher rewards and some that offer greater flexibility. For consumers that just want a card that is easy to use, and has few restrictions to consider, the Barclaycard Arrival Plus World Elite Mastercard is a great option. With a 2.1% rewards rate on all spending categories, cardholders can simply spend and redeem their rewards as statement credits towards any travel purchase. It's an simpler option for those consumers that may prioritize flexibility and ease of use.

For rewards maximizers affiliated loyalty programs are the way to go.

Ultimate Rewards vs Starwood Preferred Guest

Unlike Chase Ultimate Rewards the Starwood Preferred Guest (SPG) program is focused on hotel stays. Like most loyalty rewards, Starpoints will vary in their value but on average are worth an astounding 2.4 cents per point when used towards hotel stays. This is among the highest values per reward out of any program. The trade-off is that you are limited to Starwood affiliated hotels and locations. One benefit of the SPG program, is that like Chase's Ultimate Rewards, members can transfer their Starpoints to most major carriers. These transfer partnerships include many US airlines that are not included in Chase's program. Airlines include American, Delta, US Airways, Virgin America and many others.

Starwood Preferred Guest® Credit Card from American Express

This American Express offering costs $95 per year (waived the first year), which is on-par with the annual fee of the Chase Sapphire Preferred. A must-have for travelers who know they'll be staying in Starwood-owned hotels (full list below). The card is less valuable if you place a premium on airline and lodging flexibility when you travel.

The Starwood Preferred Guest program include all Starwood-owned hotels. Since you probably don't know which hotels are owned by Starwood we've included them all in the table below:

Aloft Element Four Points
Le Meridien The Luxury Collection Sheraton
St. Regis W Hotels Westin

Chase Ultimate Rewards Business Credit Card Comparison

In this comparison snapshot you can get a quick look at the differences between all three Chase Ultimate Rewards cards designated for business owners use. The Ink Business Cash℠ Credit Card is a cashback card while the Ink Business Preferred℠ Credit Card is a more general business rewards card:

Ink Business Cash℠ Credit CardInk Business Preferred℠ Credit Card
Ultimate Rewards Bonus30,00080,000
Bonus Requirement$3,000 spent in first 3 months$5,000 spent in first 3 months
Bonus Value Estimate$300$1,000
Rewards5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, internet and cable TV services each account anniversary year; 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines each account anniversary year
Annual Fee$0$95
APR14.24% - 20.24% (variable)16.99% - 21.99% (variable)
Foreign Trans Fee3%0%
Read ReviewRead Review

*Business services include office supply stores, cell phones, landline phones, internet, and cable tv services

The Best Way to Spend Your Ultimate Rewards

Assuming you're using one of the above mentioned 'Tier-2' credit cards, redeeming points through Chase's travel partners is really the best way to get the greatest bang for your buck. While you're guaranteed at least a 1.25 cent per point redemption when booking through Chase Travel, your redemption rate through the travel partners will vary so you'll need to be on the lookout. Of course if you're using a 'Tier-1' Ultimate Rewards card, you'll be locked into getting a 1 cent on the dollar redemption rate.

Full List of Ultimate Rewards Travel Partners

Travel

  • Korean AIr Skypass
  • British Airways Executive Club
  • United Airlines Mileage Plus
  • Southwest Rapid Rewards
  • Singapore Airlines KrisFlyer
  • Virgin Atlantic Flying Club

Hotels

  • IHG Rewards Club
  • Marriott Rewards
  • The Ritz-Carlton Rewards
  • Hyatt Gold Passport

We went ahead and priced out some different options for a handful of the travel partners at different times of the year. Here are some example of the wide-ranging redemption variability you can expect (cents per points value is in bold):

British Airways

Pricing a mid-February flight from NYC to London that was booked within a week of the trip, we found it to cost $1,602 roundtrip. That same trip would cost 40,000 Avios (British Airways miles) meaning that each point is this scenario is worth 4.0 cents. This is 320% more than the standard 1.25 cents per point if you redeem through Chase Travel. One note: British Airways flights tend to come with pretty hefty fuel surcharges that apply whether you're booking normal or award travel.

Southwest Airlines

A flight booked on Southwest during a 3-day holiday weekend from Los Angeles to Ft. Lauderdale was priced at $400 even. This particular roundtrip flight also cost 17,000 Southwest points to redeem. The conversion value: 2.4 cents per point.

Marriott Rewards

A room reserved in a midwestern, metro-area for one night in April was priced at $137 per night. That same room could be reserved using 7,500 Marriott Hotel points: a value of 1.82 cents per point.

Hyatt Gold Passport

If you were looking to book room over the weekend in New Orleans (during March) it would set you back $269 per night. If you decided to pay for that room with your Hyatt points it would cost you 12,000. That makes your points worth 2.24 cents a piece.

Ultimate Rewards Points Redemption Summary

  • If you're using the Chase Freedom or Ink Business Cash℠ Credit Card (Tier 1) you'll be redeeming points at a value of 1 cent per point.
  • If you're using the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card (Tier 2) you'll redeem points for a minimum of 1.25 cents (towards travel) per point up to a max of 6.25 cents per point (when maxing out the 5x categories).

Spending Your Rewards On Other Programs

Delta SkyMiles has one of the larger partner airline networks around. For you, that means more options when choosing how to redeem your miles. All miles earned via your Delta credit card can be transferred at a ratio of 1:1 to any of the below partner airlines.

Aeroflot Aerolineas Argentinas Aeromexico
AirEuropa Air France Air Tahiti Nui
Alaska Airlines Alitalia China Airlines
China Eastern China Southern Czech Airlines
GOL Hawaiian Airlines Kenya Airways
KLM Royal Dutch Airlines Korean Air Middle East Airlines
Saudia Airlines Tarom Airlines Vietnam Airlines
Virgin Atlantic Virgin Australia Xiamen Airlines

Of course with the Chase Sapphire Preferred® Card you can redeem at just about any airline at 1.25 cents on the dollar or at one of their 10 travel partners for a variable (many times better) rate.

How To Earn Extra Chase Ultimate Rewards Points

Beyond the sign-up bonuses, Chase has established multiple avenues for credit card holders to build up Ultimate Rewards points, with only slight differences from card to card.

Referral Bonuses and Authorized Users

Chase maintains a bonus of either 5,000 or 10,000 points per referral. All you have to do is get a friend to sign-up for a card through a special link you send them. Capped at 50,000 points per year, the referral bonus is subject to change in amount and availability; not all cards are eligible, but that can change on occasion. If you don’t qualify at first, check Chase’s Refer-a-Friend site from time to time to see if your card becomes eligible.

Some cards will also award you for adding an authorized user to the account. For the Chase Sapphire Preferred® Card, Chase offers a 5,000 point bonus if you add an authorized user to your account and make your first purchase within the first 3 months. This can be useful if you are already interested in adding another trusted user, like a spouse or other family member, whose purchases with the card will earn points under the same terms as your own.

Special Ultimate Rewards Promotions

In addition to the usual bonus earning rates we have covered, Chase will offer new promotions and points-earning rates from time to time. These temporary promotions may not catch your attention on their own, so if you wish to truly maximize your Ultimate Rewards points, call in periodically to check for anything you may have missed.

One important but simple example is to keep an eye on the sign-up bonus for your card for the first 90 days after you sign up. If it increases from the bonus you signed up for, you can call in to request the new bonus amount, which Chase will often grant.

Buying Gift Cards to Translate Spending Across Categories

Many retailers carry a selection of gift cards that can be spent with other merchants, both online and brick-and-mortar. These can provide a means of translating your purchases under a bonus category into a less points-friendly expense. For example, Staples, an office supply store which yields 5 points per dollar with the Ink Plus® Business Credit Card and the Ink Business Cash℠ Credit Card, offers gift cards to places ranging from Starbucks to Home Depot, which are not bonus categories for either of those cards.

Warning: Sometimes, the purchase of a gift card may be flagged as a cash advance. This is an extremely expensive transaction that comes with fees and higher APR attached. After purchasing a gift card, make sure it registered as a purchase. If it went through as a cash advance, you will not receive any points, and will only end up losing money. You can read more about these types of transactions in our detailed guide here.

Using the Chase Ultimate Rewards Mall

The Chase Ultimate Rewards Mall is another easy way to earn points. If you have a big purchase coming up you can get anywhere between 1 extra point per $1 to 25 points, depending on the store. The most common bonuses range between 1-2 points. As of August 2016, the mall includes 242 stores. The brands range from Apple to Rite Aid and REI. When we examined prices on the Ultimate Rewards mall we didn’t find any price discrepancies. The dozen-or-so websites we checked had prices that matched up with the original website. Therefore, you don’t have to worry about being up-charged.

Clicking through to one of the stores takes you to their respective online portals where you can complete the purchase. Be careful that you don’t close the merchant’s website. If you do, you will have to go through the Chase portal once again to get the extra points.

Comments and Questions

* See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuer's website.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author's alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program. 

These responses 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.

How We Calculate Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annual fees. These estimates here are ValuePenguin's alone, not those of the card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer.

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