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Chase Ultimate Rewards points are my favorite travel points. I’ve used these super valuable points for Business Class flights to Europe, luxury hotel stays in the Caribbean, and more! 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)
Chase Sapphire Preferred® Card like I do (the best card for folks new to using points instead of money for travel)
your Chase Ultimate Rewards points are worth 1.25 cents each for just about any flight you want with no blackout dates. (Chase Sapphire Reserve® points are worth 1.5 cents.) Or you can get even much more value by transferring your Chase Ultimate Rewards points to partners with any of those 3 credit cards.
For 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.
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.
Now, even if you don’t want to travel, your Chase Ultimate Rewards points are worth 1 cent each for 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 for 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 worth $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 worth of Christmas gifts on Amazon.
After the steam stopped blasting out of Meghan’s ears, she calmly informed her sister that she’d disown her if she touched her collection of Chase Ultimate Rewards points to use them that way.
Do NOT use your Chase Ultimate Rewards points for 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 for a statement credit or cash back. Remember you get 1 cent per point that way.
Whether you get 1 cent per point for cash back or 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!