No, Chase Sapphire reward points do not expire. But you will lose whatever points you haven’t redeemed when you close your Sapphire, Sapphire Preferred, or Sapphire Reserve credit card account. The same is true if Chase decides to close the account for you. That generally happens when you don’t pay the bill, but there are other situations, too. So I’ll give you the full list.
Here’s how you could lose unredeemed Chase Sapphire reward points:
·Fail to pay the minimum required amount for a few months.
·File for bankruptcy.
·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, for example, intentionally providing false personal information.
·Close your account.
So careful planning and prompt payments will save your Sapphire reward points from expiration. But the fact that your points won’t vanish as long as your account remains open and in good standing doesn’t mean they’ll always be worth as much as they are now. There’s always the chance that Chase will devalue them by increasing the number needed for redemption.
For example, what if you needed 100,000 points for $625 in travel booked through Chase, rather than just 50,000? The Sapphire Preferred Card’s initial bonus would look very different. Frequent redemption minimizes the risk. And there’s no reason to wait, considering that you can pay for part of a travel expense with points and put the rest on your card like a normal charge. So it’s best to use any points you’ve accumulated each time you travel.
At the end of the day, I have noticed some members of the community feeling frustrated that they lost points from a closed account, but most people seem satisfied with the points system overall. Some have even found more ways to maximize their earnings, like @ruth.batres.9, who said “I like that I can combine my points from this card with other Chase credit cards getting free flights even quicker.” Managing your points well leads to great results.
But if you feel too limited by having to book travel through Chase, you can always go for a top rewards card that allows you to make your arrangements anywhere, like Capital One Venture or Barclaycard Arrival Plus.