How much are the Chase Freedom Unlimited points worth?

Chase points are worth 1.16 cents per point, on average. The value of Chase points depends on which Chase credit card you have and how you choose to redeem the points. For example, points from Chase are worth up to 1.25 cents each when redeemed for travel through Chase Ultimate Rewards, and they are worth 1 cent each when redeemed for cash back. … read full answer

Chase Points Value by Redemption Method

Popular Chase Credit Cards

• Chase Sapphire Preferred® Card
• Chase Sapphire Reserve®
• Chase Freedom Unlimited®
• Chase Freedom Flex℠
• Ink Business Preferred® Credit Card

One thing worth noting is that the Chase Sapphire Preferred, Sapphire Reserve and Ink Business Preferred credit cards give 25% to 50% more value per point than other Chase credit cards when redeeming for travel through Chase Ultimate Rewards.

Tips for Maximizing the Value of Chase Points

Redeem Points for Ultimate Rewards Travel.

Chase points are worth the most when redeemed for travel through Chase Ultimate Rewards, but you need the right Chase credit card.

Get a Chase Sapphire card.

Chase Sapphire Preferred points are worth 1.25 cents apiece when redeemed for Ultimate Rewards travel, or you could get 1.5 cents per $1 point in value from Chase Sapphire Reserve.

Redeem Chase points regularly.

Chase points do not expire due to account inactivity, but stockpiling points does put you at risk of rewards devaluation. Plus, you won't get to enjoy the fruits of your spending if you don't redeem.

Keep your account in good standing.

If Chase closes your account because of a failure to pay the bill or fraudulent activity, you'll lose any unredeemed points you have saved.

Redeem before closing your account.

Any points you don't redeem before closing your account will be lost.

The Chase Freedom points value is 1 cent each. While marketed as a “cash back” card, Chase Freedom actually gives Ultimate Rewards points. Cardholders can redeem these points for cash, gift cards, merchandise or travel purchases at a rate of 1 cent per 1 point. Points redeemed for Amazon.com purchases using the Pay With Points feature are a worth 0.8 cents apiece.… read full answer

What you should know about the Chase Freedom points:

• Points value: Chase Freedom points value is 1 cent each for most redemption options. Points redeemed for Amazon.com purchases using the Pay With Points feature are a worth 0.8 cents apiece.
• Redemption limit: To use your points, minimum and maximum amounts may apply. Chase will let you know about any limits before using your points.
• Earning limit: There’s no limit to the number of points you can earn.
• Expiration: Chase Freedom points don’t expire as long as your account is active and in good standing.
• What to keep in mind: Chase has the power to change the value of Ultimate Rewards points at any time, so it’s best to redeem them often before devaluation occurs.

Chase Freedom has limited use as an Ultimate Rewards card, meaning you can’t transfer points to any of the Ultimate Rewards travel partners’ loyalty programs. Chase Freedom has a $0 annual fee, and only Ultimate Rewards cards that have an annual fee 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 of those cards 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 those programs varies.

In addition, if you transfer points from the Chase Freedom card to Chase Sapphire Preferred or Chase Ink Preferred, you’ll get 1.25 cents per point for travel booked through Ultimate Rewards. With Chase Sapphire Reserve, points are worth 1.5 cents apiece when used for travel. If you used the Chase Freedom alone for travel, you’d only get 1 cent per point.

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.