Redeem Chase Ultimate Rewards For Apple Products with up to 50% Bonus Value

Update 5/3/22: Deal is back through May 31, 2022. They increased the Freedom tier from 5% bonus to 10% bonus (updated below).

Update 11/1/21: Deal is back and valid 11/01/2021 – 11/30/2021

The Offer

Direct Link to offer (shows in the Ultimate Rewards login)

  • Chase released today a new redemption option of Ultimate Rewards points to get Apple merchandise through the Chase portal with bonus value of up to 50% more on the points.

The bonus is broken down as follows:

  • Sapphire Reserve: 50% bonus
  • Sapphire Preferred: 25% bonus
  • INK Preferred/Plus: 25% bonus
  • Freedom cards and the no-fee Sapphire card: 10% bonus (20% on Airpods)
  • Ink Cash/Unlimited: 10% bonus (20% on Airpods)

Instead of each point being worth 1 cent, it can now worth up to 1.5 cents. For example, if you buy a $600 Apple Watch through the Ultimate Rewards portal, it would typically cost 60,000 Ultimate Rewards points, but it’ll now cost just 40,000 points for Sapphire Reserve cardholders.

Our Verdict

For most people, using the Pay Yourself Back feature will make more sense to get the same 1.5%/1.25% value assuming you have enough dining/Airbnb spend to use up your points on. But overall it’s still nice to have an additional option and could be useful for someone with an Apple purchase to make. It also could be a little bonus for Freedom cardholders to bump up their earnings by 10%.

Source: doctorofcredit.com

Chase Ultimate Rewards 10% Gift Card Redemption Discount (Home Depot & Select Giftcards)

The Offer

Direct Link to offer (login required)

  • Chase is offering a 10% discount on Ultimate Rewards gift card redemptions for select gift card brands:
    • Home Depot
    • Happy Moments
    • Staples
    • Panera Bread
    • Gap Options
    • Bath & Body Works
    • Macy’s
    • Domino’s
    • Topgolf
    • GameStop
    • Red Robin
    • Big Lots
    • Panda Express
    • Fanatics
    • Hello Fresh
    • Spafinder

The Fine Print

  • Valid through May 31, 2022

Our Verdict

Home Depot will be interesting for some. Most people will do better with transfer partners or with 1.5 cashout value via PYB or booking travel, but this might be useful for someone who doesn’t have the more premium cards to do so.

Hat tip to GC Galore

Source: doctorofcredit.com

Chase Ultimate Rewards: 25% Transfer Bonus To Flying Blue AirFrance/KLM (1:1.25)

The Offer

  • Chase Ultimate Rewards program is offering a 25% transfer bonus when you transfer to Flying Blue AirFrance/KLM. Normally you can transfer at a rate of 1:1 and under this promotion that increases to 1:1.25

The Fine Print

  • Valid until May 15, 2022

Our Verdict

This is the first time we’ve seen a transfer bonus from Chase/Flying Blue. You can view a full list of transfer bonuses for Chase in the past here. I’d only recommend transferring if you have a short term or medium term use of these points as you never know when a devaluation will occur.

Source: doctorofcredit.com

Chase Ultimate Rewards Gift Card Redemption Discount (15% Instacart, 10% Apple & More)

The Offer

Direct Link to offer (login required)

Chase Ultimate Rewards is offering a discount on select gift card redemptions:

  • 15% discount:
  • 10% discount:
    • Apple
    • Wayfair
    • Chili’s
    • Domino’s
    • Happy Rewards
    • Red Robin
    • Topgolf
    • Under Armour
    • California Pizza Kitchen
    • Brinker
    • Spafinder
    • Maggiano’s
    • Yankee Candle
    • Fandango
    • On The Border

Our Verdict

The Instacart and Apple are a little interesting. Most people will do better with transfer partners or with 1.5 cashout value via PYB or booking travel. But this might be useful for someone who doesn’t have the more premium cards and can’t do those things. Some similar gift cards are discounted with Citi ThankYou as well. 

Hat tip to GC Galore

Source: doctorofcredit.com

Chase Ultimate Rewards 10% Discount On Select Giftcards (Home Depot, AirBnb & More)

The Offer

Direct link to offer (login required)

  • Chase Ultimate Rewards is offering a 10% discount on select gift card brands through February 28, 2022:
    • Home Depot
    • Happy Moments
    • Airbnb
    • Ruth’s Chris
    • Spafinder
    • Gap Options
    • Golden Corral
    • Jiffy Lube
    • Build-A-Bear Workshop
    • Fandango
    • Krispy Kreme

Our Verdict

Home Depot and Airbnb and some of the others are nice brands to get a discount. A lot of people will get more value with travel partners or PayYourselfBack, but if those aren’t options are worth considering.

Hat tip to GC Galore

Source: doctorofcredit.com

Chase Freedom Flex & Unlimited: $200 Bonus + 5% Back On Gas First Year (Up To $6k Spend)

The Offer

Direct link to offer

Chase is offering an additional bonus on the Chase Freedom Flex and Chase Freedom Unlimited cards:

  • Get the standard $200 sign up bonus after $500 in spend; in addition, the card will earn 5% cashback on Gas purchases in the first year, up to $6,000 in spend.

Card Details

Freedom Flex

  • No annual fee
  • Card earns the following points rates:
    • 5% on rotating Quarterly Categories on up to $1,500 in total purchases (e.g. Q4 2020 will be PayPal and Walmart)
    • 5% on Travel purchased through Chase Ultimate Rewards
    • 3% on Dining 
    • 3% on Drugstore 
    • 5% on Lyft through March 2022
    • 1% unlimited cash back 

Freedom Unlimited

  • No annual fee
  • Card earns 1.5% cash back on all purchases

Our Verdict

Keep in mind while these cards talk about cash back you actually earn Chase Ultimate Rewards points. This means if you have an annual fee card such as Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Ink Plus or Chase Ink Preferred then you can transfer these points to travel partners. You could also use these points for the Chase Pay Yourself back feature to make them worth 1.5¢ each.

As noted, the standard bonus on these cards is $200, and the 5% back on Gas is an additional bonus. Until recently there was a similar offer for 5x back on Grocery Stores (up to $12,000), but that has now been discontinued. We mentioned this Gas offer version floating around in the past, and it now looks to be the standard new offer on Chase and on referral links so I thought it worth a dedicated post. There’s also an alternate offer for the Freedom Unlimited card, specifically, to get an extra 1.5x per dollar spent anywhere during the first year, up to $20,000 in spend. Which offer you choose will depend on your spend patterns and on what other cards you have.

Unfortunately a lot of readers won’t be eligible for these cards/bonus due to the Chase 5/24 rule. We will still be adding this to our list of the best credit card bonuses.

Source: doctorofcredit.com

Chase Soft Launches New Chase Ink Business Premier ($1,000 Bonus) [Update]

Update:  The Chase press release states the card will launch in early 2022 officially, but rumors are it’ll be available to more starting this Friday. There is a waitlist that can be joined. The card does earn Chase Ultimate Rewards, but some outlets are reporting that the points can’t be combined with other Chase UR earning cards that can transfer to travel partners.

As rumored Chase has launched a new business card called the Chase Ink Business Premier card. The card has soft launched and is only available in branch currently and need a business relationship manager to be able to apply. It offers the following benefits & bonuses:

  • $1,000 bonus cash back after $10,000 in spend within three months of account opening
  • Card earns at the following rates:
    • 2% cash back on all purchases
    • 2.5% cash back on purchases of $5,000 or more
    • 5% cash back on travel purchases through Chase Travel
  • $195 annual fee, not waived first year
  • Card is effectively a charge card, meaning you need to pay in full every month but then they offer ‘Flex For Business’ which is a pay over time feature meaning you can carry a balance like a traditional credit card.
  • No foreign transaction fees
  • No fees for additional employee cards
  • Cell phone protection, up to $1,000 per year ($100 deductible)

The card itself will formally launch in January online. Overall the card looks pretty basic and doesn’t seem to be worth the $195, although the 2/2.5% earning rate could be attractive for those spending a lot. It’s not clear if this card is only good for cashback, or if it can be converted to Chase travel partners as well. Usually cards with annual fees can transfer so I’d be surprised if that wasn’t the case.

Hat tip to The Credit Shifu

Source: doctorofcredit.com