Save on Gift Cards With Chase Ultimate Rewards Through the End of the Month

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Save on Gift Cards With Chase Ultimate Rewards Through the End of the Month

MeghanSave on Gift Cards With Chase Ultimate Rewards Through the End of the MonthMillion Mile Secrets Team

We devote thousands of hours of research to help you get Big Travel with Small Money. You support us by signing-up for credit cards through partner links which earn us a commission. Here’s our full Advertising Policy.

Through August 31, 2018, Chase Freedom, Sapphire, and Ink cardholders can use Chase Ultimate Rewards points to buy gift cards through the Chase Ultimate Rewards Travel Portal at select merchants for up to 10% off.

Chase Ink Cardholders Can Save on Gift Cards to Merchants Like Home Depot, Google Play, iTunes, and More!

Available gift cards for Chase Freedom®Chase Freedom Unlimited®Chase Sapphire Preferred® Card, or Chase Sapphire Reserve® cardholders include:

  • American Eagle
  • Gamestop
  • Regal Entertainment
  • REI
  • Sephora
  • Spafinder
  • Spotify
  • Yankee Candle

And anyone with a Ink Business Preferred℠ Credit CardInk Business Cash℠ Credit Card, or Ink Business Unlimited℠ Credit Card can get a discount on these gift cards:

  • Google Play
  • Home Depot
  • iTunes
  • Microsoft Office
  • Panera Bread

While this promotion runs through the end of August 2018, the number of available gift cards are limited, so they could sell out before then.  So jump on it if you’re interested!

When you redeem your points this way, they’re worth 1 cent a piece (without the discount).  So, for example, a $25 gift card usually costs 2,5000 Chase Ultimate Rewards points.  With a 10% discount, it would only cost 2,250 points.

That said, I typically don’t recommend using Chase Ultimate Rewards points this way.  Because you can get more value per point by transferring to valuable Chase transfer partners.  But this promotion will get you slightly more value than redeeming your Chase Ultimate Rewards points for cash back.

Do you plan on taking advantage of this offer?

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Chase Sapphire Reserve®

Chase Sapphire Reserve®

  • Earn 50K bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • Named "Best Premium Travel Credit Card" for 2018 by MONEY® Magazine
  • $300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year
  • 3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants & 1 point per $1 spent on all other purchases. $0 foreign transaction fees.
  • Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority Pass™ Select
  • Up to $100 application fee credit for Global Entry or TSA Pre✓®

More Info

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If I were going to do that, l’d go with a cash-back card in the first place.