The best points credit card is Chase Sapphire Reserve® or U.S. Bank FlexPerks® Gold American Express® Card because both cards give points that are worth 1.5 cents each when redeemed for travel. These two cards’ points have more value than other points-earning credit cards currently on the market. The average credit card point has a redemption value of 1 cent.
Points earned on a Chase credit card are called Chase Ultimate Rewards points, and they redeem at different values depending on which credit card you have and what you redeem for. Overall, Chase Ultimate Rewards points are most valuable when redeemed for travel booked through the Chase travel portal. But points earned on the Chase Sapphire Reserve Credit Card are worth the most out of all the Chase credit cards. You’ll earn a total of 10 points per $1 spent on hotels and car rentals booked through Chase, a total of 10 points per $1 spent on prepaid restaurant reservations or takeout orders made through Chase, a total of 5 points per $1 spent on flights purchased through Chase, 3 points per $1 spent on all other travel and dining purchases, and 1 point per $1 on all other purchases. Plus, there is an initial bonus of 60,000 points (worth $900 in travel) after spending $4,000 in the first 3 months. The card’s annual fee is $550.
It’s not clear how much U.S. Bank FlexPerks points are worth for other redemption methods, but they have an exceptional redemption rate for travel booked through U.S. Bank. Airfare, hotels, and rental cars are considered travel to U.S. Bank. The U.S. Bank FlexPerks Gold Credit Card has great points-earning potential, too: 5 points / $1 spent at restaurants, 2 points at gas stations and airlines, and 1 point / $1 for everything else. Plus, the intro bonus of 30,000 points for $2,000 in the first 4 months is worth $450 in travel. The annual fee is $85.
When shopping around for a points credit card, it’s important to keep in mind that points (along with miles) are one of the credit card rewards currencies that can change in value at any time. Moreover, credit card companies reserve the right to change rewards programs at their leisure, or to cancel them altogether. There are lots of rules governing each credit card’s rewards system, so make sure you’re aware of those rules before you sign up for the card.
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