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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.
- American Eagle
- Regal Entertainment
- Yankee Candle
- Google Play
- Home Depot
- 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?