Chase Ink rewards can be redeemed for gift cards at a rate of 1 cent per point. Cardholders simply need to log into their Chase Ink account online and visit the Chase Ultimate Rewards portal to redeem points for gift cards from Hulu, Home Depot, Chili’s, Sephora and Target, among other retailers.
Each type of gift card will have a minimum threshold for redemptions. For example, Target gift card redemptions start at $10 (1,000 points), while Home Depot redemptions start at $25 (2,500 points). Sometimes, there are promotional gift card “sales” during which cardholders can redeem their Ink rewards for gift cards at a higher value than 1 cent per point.
Yes, you can buy gift cards with Chase Freedom points, at a rate of 1 cent per point. You can only redeem for certain gift card denominations, such as 2,500 points for a $25 gift card. But Chase sometimes offers discounts on select gift cards, so you can get even more value than 1 cent per point. To redeem your Chase Freedom points for gift cards, log in to your Chase account on the Ultimate Rewards website, click “Earn/Use” and then select “Gift Cards” to start browsing.… read full answer
You can also buy gift cards with your Chase Freedom card by making a normal purchase from a merchant. Some popular retailers that allow shoppers to buy gift cards with a credit card include Target, Amazon, Walmart and CVS. Some other stores may not allow it because of fraud concerns, so before trying to buy gift cards with Chase Freedom, be sure to ask a cashier or the help desk if it’s possible (or at least bring a backup payment method).
Despite being called Chase Ink Cash, this card actually gives points that you can redeem for cash at a rate of 1 cent per point. You and authorized users on your card earn Chase Ink Cash points when you make purchases. You’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You also earn 2 points per $1 on gas and dining, up to $25,000 spent per year. And you get 1 point per $1 on all other purchases. There’s also a 500-point bonus when you spend $3,000 in the first three months.… read full answer
You can redeem Chase Ink Cash points for cash as a statement credit or a direct deposit to a checking or savings account. You can also redeem points for gift cards, travel, or other products and services available through the Chase Ultimate Rewards program. Points are worth one cent when redeemed, no matter what you use them for. You can combine or transfer points with other eligible Chase cards that use Ultimate Rewards.
Points earned during a monthly billing cycle usually post to your statement at the close of the cycle. And they’re available to use at the beginning of the next billing cycle. But some points earned near the end of a billing cycle may take up to an additional billing cycle before they are available.
Here is what you should know about Chase Ink Cash Points:
You’ll earn Chase Ink points when you or an authorized user use the Chase Ink Business Cash card to make purchases, minus any returns or refunds. 100 points gets you $1 in cash back.
Transactions that do not qualify as purchases and do not earn Chase Ink Cash points include, but are not limited to: balance transfers; cash advances; travelers checks, foreign currency and money orders; gambling; interest; unauthorized or fraudulent charges; and credit card fees.
With Ink Cash, you’ll earn 5 points per $1 on the first $25,000 spent per year on office supplies and phone, internet and cable TV services. You get 2 points per $1 spent on gas and dining, up to $25,000 spent per year. Any purchases above the $25,000 threshold earn 1 point per $1. You earn 1 point per $1 on all other purchases.
The Ink Cash card also earns a 500-point bonus worth $500 cash back when you spend $3,000 in the first three months.
Chase Ink Cash points are worth one cent each when redeemed for cash, gift cards, travel, or other products and services available through the Chase Ultimate Rewards. You can redeem points for cash either as a statement credit or a direct deposit to a checking or savings account.
You can also combine or transfer points with other eligible Chase cards that use Ultimate Rewards. You can only transfer points to cards belonging to you, a household member, or business owner, if applicable. Eligible Chase cards are Chase Freedom and Freedom Unlimited; Sapphire Preferred and Reserve; and Ink Business Preferred.
Travel purchases eligible for points redemption include airline tickets, hotel rooms, car rentals, cruises and more. If you don’t have enough points to redeem for travel, you can charge the remaining cost of your booking to your Chase Ink Cash card.
Ink Cash points do not expire as long as your account is active. You will lose all unused points if your account is closed, regardless of the reason.
Chase Ink Cash points are even more valuable in that the card has no annual fee. You can spend and earn points without the pressure of meeting a specific threshold to offset the cost of annual fee.
Be careful with international purchases, though. Chase Ink Cash does charge a 3% foreign transaction fee on all purchases made outside of the United States or through internationally-based merchants. Any rewards earned on international purchases would be quickly eroded, if not wiped out, with a 3% surcharge tacked on.
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
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.
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