How does the Chase Ultimate Rewards Mall work?

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.

There are 11 airlines and three major airline alliances that you can use with Chase Sapphire, all of which are listed below:

Airline Partners

• Aer Lingus
• Air Canada Aeroplan
• British Airways
• Emirates
• Flying Blue AIR FRANCE KLM
• Iberia Plus
• JetBlue
• Singapore Airlines
• Southwest
• United Airlines
• Virgin Atlantic

Major airline alliances:

• Oneworld airlines
• SkyTeam airlines
• Star Alliance airlines

Here’s how to redeem points for airfare:

There are four ways to use a Chase Sapphire card to purchase airfare. That's true for all three Sapphire cards: The Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® card and the original Chase Sapphire® Card (no longer available to new applicants).

1. Redeem Points Through Ultimate Rewards.

   You can book flights on pretty much any major airline directly through the Ultimate Rewards website. This option allows you to charge part of the flight to your card if you don't have enough points to cover the full fare.

2. Transfer Points to a Travel Partner.

   A majority of Chase's travel rewards partners are airlines. So, if you belong to one of their loyalty programs, you can transfer your Ultimate Rewards points to that program and combine them with the miles/points already in that account for redemption. Transfers are done at a 1:1 ratio.

3. Get Cash Back.

   You can always redeem your Chase Sapphire points for a statement credit and use the savings to pay for your plane ticket, wherever you book it. Bear in mind that you need at least 2,000 points to redeem for cash. Plus, your points are worth 25%-50% more, depending on the card, when redeemed for travel through Chase Ultimate Rewards.

4. Simply Pay with Your Sapphire Card.

   The most obvious of your options doesn't really involve rewards, but it's nevertheless worth noting that all Chase Sapphire cards can be used to purchase airfare directly from airlines, travel-comparison sites, etc. Besides, paying for a plane ticket could help you reach either of the Sapphire cards' initial spending requirements, thereby earning you a lucrative initial bonus.

Keep in mind that how much you get for transferred points depends on how much the particular travel partner’s points or miles are worth. This offers a certain amount of boom-or-bust potential. Your Chase Sapphire credit card points could wind up being worth a lot more than normal or a lot less.

No, Chase points don’t expire as long as your account is open. However, you can lose your points if you:

• Close your account
• Chase closes you’re account due to delinquency or suspicions of fraud

These are some reasons why it’s still a good idea to redeem on a regular basis. Another reason, in case you’re interested, is what’s known as ... read full answerrewards devaluation.

Basically, a credit card company can reduce the value of your points or miles by increasing the number needed to redeem for a free flight, statement credit, etc.