Travel: Chase Sapphire Preferred rewards points are best used for travel booked through Chase Ultimate Rewards. Just select " Travel" once you're signed in.
Cash: You can redeem your points to either get a statement credit or a deposit to a U.S. checking or savings account. To do so, log in to the Ultimate Rewards portal and choose "Cash Back".
Gift cards: You can convert Chase Sapphire Preferred rewards into gift cards for your favorite stores. There are more than 175 brands to choose from. In order to use your points for gift cards, log in to the Ultimate Rewards portal and choose "Gift Cards".
“Pay with Points”: You can use your Chase Sapphire Preferred rewards points when checking out on Amazon.com or with PayPal. Follow the instructions for both Amazon and PayPal to get started.
Apple purchases: You can use your points to pay for all or part of your Apple purchases through the Ultimate Rewards store.
Experiences: You can trade your points to attend exclusive experiences like virtual events, box seats, backstage passes, and more. Simply log in to the Ultimate Rewards portal and choose "Experiences."
Transfer points to Chase's travel partners: You can transfer Chase Sapphire Preferred rewards points to partnered airline and hotel loyalty programs at their full 1:1 value. Just confirm that you have a loyalty account, then select "Transfer to Travel Partners" in the Ultimate Rewards portal.
As you can see, there are plenty of ways to redeem your Chase Sapphire Preferred points. So, it’s a good idea to explore all your options before redeeming, to see which best suits your needs.
Redeeming for travel through Chase with one of the three fee-based cards is the only dependable way to get more than a penny apiece for your Chase Sapphire Preferred points. More specifically, you’ll get 1 cent per Chase Sapphire Preferred point with each of the following redemption methods:
Cash back/statement credit
These two options offer the most versatility in terms of what you can spend your points on. But it costs you 25% in lost value. When you “Shop with Points” on Amazon.com, the points are worth just 0.8 cents each.
Finally, you also have the option of transferring your Chase Sapphire Preferred points to one of Chase’s 13 travel partners. Transfers are done on a 1:1 basis, in 1,000-point increments. And 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 Preferred points could wind up being worth a lot more than normal or a lot less.
At the end of the day, if you don’t plan to redeem for travel through Chase, you might do better with a different credit card. It’s not as rewarding when used as a cash-back vehicle, and there are plenty of more versatile rewards cards available.
The best way to use Chase Sapphire Preferred® Card points is for travel through Chase Ultimate Rewards. Chase Sapphire Preferred points are generally worth 1.25 cents per point when redeemed this way, which is more value than the other redemption methods provide.
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.
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