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For many of us in the miles & points hobby, Chase Ultimate Rewards points are our favorite flexible rewards to earn and use. And a number of the best credit cards for travel are Chase Ultimate Rewards points earning cards. So it’s no wonder why we often get asked: Do Chase Ultimate Rewards points expire?
In short, the rewards you earn with any Chase Ultimate Rewards points earning credit card won’t expire as long as your credit card account stays open. So, for example, if you earn the welcome bonus from the Chase Sapphire Preferred Card, then close the card before using your points, they’ll be gone forever.
That might seem restrictive, but there’s a workaround that I’ll explain further below.
Do Chase Ultimate Rewards Points Expire?
When a Chase Ultimate Rewards earning card account is closed for any reason, your unused points will be forfeited. But here’s the trick to keeping them alive!
You can transfer the Ultimate Rewards points you earn with one card to another Ultimate Rewards account in order to avoid losing your points.
Let’s say you have both the Ink Business Preferred Credit Card and Chase Sapphire Preferred, and you decide you no longer want to pay 2 annual fees. Don’t sweat it! You can move the Ultimate Rewards you earned with the Ink Business Preferred over to your Sapphire Preferred account, then close your Ink Business Preferred without losing your points.
Another remedy to avoid losing your rewards? Just be sure to transfer your Ultimate Rewards points to one of Chase’s terrific travel partners, like Hyatt or United Airlines, before closing your credit card.
Cards That Earn Chase Ultimate Rewards Points
Chase Ultimate Rewards points are great for many reasons, one being they are easy to earn. There are so many cards you can use to collect them, including:
- Ink Business Preferred℠ Credit Card (top small business card)
- Chase Sapphire Preferred® Card (best card for beginners)
- Chase Sapphire Reserve® (top premium travel card)
- Ink Business Cash℠ Credit Card
- Ink Business Unlimited℠ Credit Card
- Chase Freedom®
- Chase Freedom Unlimited®
One of my favorite Ultimate Rewards cards is the Chase Sapphire Reserve. For me, Chase’s Ultimate Rewards points policy hasn’t ever been an issue because I happily keep it open year after year.
My favorite perks of the Chase Sapphire Reserve are the up to $300 annual credit for travel purchases every cardmember anniversary and the fact that my Ultimate Rewards points are worth more because I’m a Sapphire Reserve cardholder.
Using the Chase Ultimate Rewards travel portal, I can book flights, hotels, and rental cars for less with points linked to my Chase Sapphire Reserve. That’s because they’re worth 1.5 cents each when you redeem for travel through the Chase portal.
If you’d like to learn more about the Chase Sapphire Reserve be sure to check out our full review here.
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