The best Chase credit card for initial bonus rewards is Chase Sapphire Reserve®, which offers 60,000 bonus points for spending $4,000 in the first 3 months. Chase Sapphire Reserve® also offers bonus rewards of up to 1 - 10 points / $1 spent on purchases, plus an annual travel credit, to help make its $550 annual fee worth paying.
Chase Freedom Flex℠ is the best Chase credit card for bonus rewards on ongoing purchases, giving 1 - 5% cash back. Plus, the Chase Freedom Flex’s initial bonus is $200 for spending $500 in the first 3 months. And this card has a $0 annual fee.
No, Chase Freedom Unlimited doesn’t have a $200 bonus right now. Instead, new cardholders can get an extra 1.5% cash back on everything they buy, up to $20,000 spent in the first year. That could result in up to $300 in additional cash back.
Having said that, Chase might feature a different sign-up bonus offer for the Chase Freedom Unlimited card if you apply directly through their website.… read full answer
50,000 Chase points are worth $535 with most Chase credit cards, whether you spend them on travel, cash back, gift cards, experiences or shopping. With a few Chase cards, 50,000 points can be worth 25% - 50% more when redeemed for travel through Chase Ultimate Rewards.
Having the right Chase credit cards can help you maximize the value of your Chase points. Also, keep in mind that Chase has the right to change the value of your points at any time. That means you should redeem your points often to avoid the chances of a large number of them being devalued.
The easiest way you can redeem Chase rewards is online, but you can also do that over the phone at (800) 432-3117. You can redeem Chase rewards for gift cards, travel, statement credits and cash. Chase points are generally worth 1 cent each, regardless of what they’re redeemed for. If you’re redeeming for cash, you can also go to a … read full answerChase branch. You’ll get your money as a statement credit or as an electronic deposit to the bank account of your choice.
Here’s how to redeem Chase rewards:
Online: For online redemption, log in to your Chase account and go to the Chase rewards portal. From there, you’ll be able to book trips, buy gift cards, request statement credits, etc.
By phone: To redeem by phone, call Chase customer service at (800) 432-3117. Enter your account number to connect to a customer service representative. State that you want to redeem rewards.
At a Chase branch: You can request a statement credit or bank account deposit in exchange for your Chase rewards at any Chase branch. You just need your account number and a picture ID. But you won’t actually get cold hard cash on the spot.
Different Chase cards have different rewards programs. One card might give you the most rewards for travel, another for everyday purchases. So, you’ll want to pick a card with a reward structure that matches your lifestyle.
For all Chase cards in the Ultimate Rewards program, except Chase Freedom Flex℠ and Chase Freedom Unlimited®, you can also transfer Chase points to 14 airline and hotel loyalty programs at a 1:1 ratio. Whether or not that’s a good deal depends on the value of the loyalty program’s miles. Chase travel partners include United, British Airways, Southwest, IHG, Marriott and others.
WalletHub Answers is a free service that helps consumers access financial information. Information on WalletHub Answers is provided “as is” and should not be considered financial, legal or investment advice. WalletHub is not a financial advisor, law firm, “lawyer referral service,” or a substitute for a financial advisor, attorney, or law firm. You may want to hire a professional before making any decision. WalletHub does not endorse any particular contributors and cannot guarantee the quality or reliability of any information posted. The helpfulness of a financial advisor's answer is not indicative of future advisor performance.
WalletHub members have a wealth of knowledge to share, and we encourage everyone to do so while respecting our content guidelines. This question was posted by WalletHub. Please keep in mind that editorial and user-generated content on this page is not reviewed or otherwise endorsed by any financial institution. In addition, it is not a financial institution’s responsibility to ensure all posts and questions are answered.
Ad Disclosure: Certain offers that appear on this site originate from paying advertisers, and this will be noted on an offer’s details page using the designation "Sponsored", where applicable. Advertising may impact how and where products appear on this site (including, for example, the order in which they appear). At WalletHub we try to present a wide array of offers, but our offers do not represent all financial services companies or products.