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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

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

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Update: One or more card offers in this post are no longer available. Check our Hot Deals for the latest offers.

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?

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