No, Chase Freedom points don’t expire as long as your account is open and in good standing. But you will lose whatever points you haven’t redeemed when you close your Chase Freedom account. The same is true if Chase decides to close the account for you. This generally happens when you don’t pay your credit card bills, but there are other situations, too.
Even though your points won’t vanish as long as your account remains open and in good standing, it doesn’t mean they’ll always be worth as much. There’s always the chance that Chase will devalue them by increasing the number needed for redemption.
Instances when you could lose your Chase Freedom points:
Close your account without redeeming them.
Fail to pay the minimum required amount within 60 days of the due date.
Misuse the rewards program. This includes farming points by buying gift cards, selling them for cash and using the cash to pay your credit card bill, for example.
Defrauding Chase by intentionally providing false personal information, for example.
File for bankruptcy
So, careful planning and prompt payments will save your Chase Freedom points from expiration. You should also redeem your points often in order to minimize the risk of points devaluation.
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.
Keep in mind that you can only transfer points between these cards if both accounts belong to the same person or members of the same household. Chase does not permit the transfer of rewards points between people who do not live together.… read full answer
Here’s how to transfer Chase Freedom points to Chase Sapphire Reserve:
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