It’s a Trap! AVOID This Chase Ultimate Rewards Points “Deal”

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: #ff0000;”>Update: One

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m

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e card offers in this post are no longer available. Check our Hot Deals

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: #ff0000;”> f

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the latest offers.

Chase Ultimate Rewards points are my fav

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ite travel points.  I’ve used these super valuable points f

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Business Class flights to Europe, luxury hotel stays in the Caribbean, and m

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e!  That’s why I must warn you to stay FAR away from this Chase Ultimate Rewards points deal — especially during the holiday season.

When you have the

Ink Business Preferred Credit Card (#1 business credit card)

or

Chase Sapphire Preferred® Card like I do (the best card f

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folks new to using points instead of money f

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travel)

your Chase Ultimate Rewards points are w

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th 1.25 cents each f

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just about any flight you want with no blackout dates. (Chase Sapphire Reserve® points are w

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th 1.5 cents.)  Or you can get even much m

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e value by transferring your Chase Ultimate Rewards points to partners with any of those 3 credit cards.

F

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instance, I got ~2.5 cents per point when I moved my Chase points into the Hyatt loyalty program to stay at the awesome Hyatt Zilara all-inclusive on the beach in Cancun.

I Flipped My Chase Ultimate Rewards Points Into Hyatt Points.  And I Took This Photo From the Balcony of My Suite at the Hyatt Zilara Cancun.  Inside the Room I Had a Jacuzzi That Looked Out This Same Way, a Huge Comfy Bed, and Bottles of Liqu

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Included.

And I got ~5.7 cents per point when I moved my Chase Ultimate Rewards points into the United Airlines loyalty program to book round-trip Business Class flights to Europe last summer.  I got to sip name-brand cocktails with a proper 3-course meal until I fell asleep in a bed while flying over the Atlantic Ocean.

I Flew in Business Class bed to Europe using Chase points from my Chase Sapphire Preferred credit card
With Chase Ultimate Rewards Points I Flew Business Class to Europe and Back

Now, even if you don’t want to travel, your Chase Ultimate Rewards points are w

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th 1 cent each f

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cash back.  So if you want money and you earned the 80,000 Chase Ultimate Rewards points from the Ink Business Preferred Credit Card intro bonus after hitting the spending threshold, you’d get $800.

The Chase Ultimate Rewards Points Deal on Amazon — Avoid

So I feel obligated to rally against what Amazon is trying to get you to do with Chase Ultimate Rewards points!

I don’t even have my Chase Ultimate Rewards points connected to Amazon f

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this reason.  So I asked team member Meghan to check the current value.  She says her 588,523 Chase Ultimate Rewards points show up as being w

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th $4,708.18 on Amazon.  That’s 0.8 cents.  Less than a penny each!!  (Meghan’s earned lots of points using her Ink Business Preferred Credit Card to grow her vacation rental business.)

Am I preaching to the choir here?  Well, if YOU know better already, please pass this along to your friends who DON’T know!  Meghan told me her own sister asked her if she could use Meghan’s Chase Ultimate Rewards points to buy $75 w

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th of Christmas gifts on Amazon.

After the steam stopped blasting out of Meghan’s ears, she calmly inf

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med her sister that she’d disown her if she touched her collection of Chase Ultimate Rewards points to use them that way.

Amazon Is Tricking People Out of Their Chase Ultimate Rewards Points With This Deal That Values Chase Points at an Awful 0.8 Cents Each.  It’s Possible to Use Your Points to Get 10X That f

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Flights

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Hotels.  Or at Least Get 1 Cent Each f

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Cash Back.

Do NOT use your Chase Ultimate Rewards points f

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anything less than 1 cent per point.  Why?  Because you can just buy the thing with your Chase Sapphire Preferred® Card, Ink Business Preferred Credit Card, etc., to EARN Chase Ultimate Rewards points and then use your stash of points f

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a statement credit

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cash back.  Remember you get 1 cent per point that way.

Whether you get 1 cent per point f

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cash back

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wait until you can get 8 cents per point is totally your prerogative.  But please do not do anything where you get less than 1 cent per Chase point, like with this Amazon offer that shows up in your check-out cart.

And please pass this along to someone who needs to see this during gift-buying season!

Million Mile Secrets is a contributor to Million Mile Secrets, he covers topics on points and miles, credit cards, airlines, hotels, and general travel.

Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)

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