Maria Adams, Credit Cards Moderator
@m_adams
The Chase Freedom card points value is 1 cent each for most redemption options. While marketed as a “cash back” card, Chase Freedom actually gives Ultimate Rewards points. Cardholders can redeem these points for cash back, gift cards, merchandise, or travel purchases at a rate of 1 cent per 1 point. Points redeemed for Amazon.com purchases through the “Pay With Points” feature are worth 0.8 cents apiece.
Things to Know about the Chase Freedom Points
- Points value: The Chase Freedom card points value is 1 cent each for most redemption options. Points redeemed for Amazon.com purchases using the “Pay With Points” feature are worth 0.8 cents apiece. Just keep in mind that Chase has the power to change the value of Ultimate Rewards points at any time. So, it’s best to redeem them often to avoid rewards devaluation.
- Earning limit: There’s no limit to the number of points you can earn.
- Redemption limit: To use your points, minimum and maximum amounts may apply. Chase will let you know about any limits before using your points.
- Expiration: The Chase Freedom card points don’t expire as long as your account is active and in good standing.
It is worth noting that some Ultimate Rewards redemption options are not available for the Chase Freedom card. For instance, you can’t transfer points to any of the Ultimate Rewards travel partners’ loyalty programs with this card. Only certain Chase credit cards are eligible to transfer points to travel partners.
How to Transfer Points with Your Chase Freedom Card
You can move Chase Freedom Ultimate Rewards points to a transfer-eligible card such as the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card. Then, you can transfer points from any eligible card to one of Chase’s 14 travel partners’ loyalty programs at a 1:1 ratio. Travel partners include Southwest Airlines, British Airways, United Airlines, IHG, Marriott, and others. The value of points/miles from these programs varies by partner.
People also ask
How much are Chase points worth?
Chase points are worth 1 cent per point on average.
Chase Points Value by Redemption Method
| Redemption Method | Average Chase Point Value | Value of 1,000 Chase Points |
| Cash Back | 1 cent | $10 |
| Gift Cards | 1 cent | $10 |
| ... | 0.8 cents | $8 |
How many Chase points is $1,000?
You need 100,000 Chase points for $1,000 when redeeming for cash back, travel, gift cards, shopping or experiences with most Chase credit cards. Some Chase travel rewards cards give extra value when you redeem for travel through Chase Ultimate Rewards, through Points Boost.
You can learn more by reading WalletHub’s full review of the Chase Ultimate Rewards program.
read full answer by Chip Lupo, Credit Card WriterHow do I redeem Chase rewards?
To redeem Chase rewards, log in to the Chase Ultimate Rewards portal and select a redemption option. Chase also allows you to redeem rewards by calling the phone number on the back of your card or by using the Chase mobile app.
How to Redeem Chase Rewards Online
- Log in to your Chase credit card account.
- Go to the Chase Ultimate Rewards portal.
- Find the list of redemption options for your Chase rewards card.
- Determine...
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