John S Kiernan, Managing Editor
@John
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 rewards 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.
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People also ask
When should I redeem my credit card rewards?
You should redeem credit card rewards as often as possible, whether they’re points, miles, or cash back. It is important to redeem often because credit card rewards can be devalued or expire, depending on the type of rewards they are.
The longer credit card rewards earnings stay in your account unredeemed, the more time they’re subject to devaluation, the more likely they are to expire, and the less you actually get to benefit. Rewards...
read full answer by Christie Matherne, Credit Card WriterHow are reward points calculated?
You can calculate reward point values by dividing the dollar value of what you redeem points for by the number of points required to get that product or service. This will leave you with the value of a single reward point. For example, if a $500 plane ticket costs 40,000 points, that means each point is worth 1.25 cents when redeemed for airfare.
Cost of Item in Dollars / Cost in Points = Value...
read full answer by Christie Matherne, Credit Card WriterWhat's the best way to use credit card points?
The best way to use credit card points is for travel purchases, according to a WalletHub research. That’s because issuers usually offer the best value on this particular category.
However, the best way to use credit card points will vary depending on what credit card you have. Your points could be worth just as much (or even more) in cash back or gift cards. So, it’s a good idea to check the value of all the...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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