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The Chase Freedom® is a great $0 annual fee credit card with quarterly promotions offering huge rewards. Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories every 3 months. Unlimited 1% cash back on all other purchases.
While these cash back rewards are nice, if you want to travel, there are better redemption options. By transferring your points to another Chase Ultimate Rewards® credit card, you can redeem for even greater value.
In this article:
- Which cards offer Chase Ultimate Rewards?
- How to transfer points from your Chase Freedom®
- What’s the catch?
- Bottom line
Which cards offer Chase Ultimate Rewards?
Chase offers several credit cards that earn Chase Ultimate Rewards. When you have two or more of these credit cards, you can transfer your points between them to maximize the benefits that each card offers.
For example, you’ll receive 50% more value when booking travel through the Chase Ultimate Rewards travel portal using the Chase Sapphire Reserve® over the Chase Freedom®. Transfers are also available to your spouse or anyone else that lives in the same household.
Points transferred to the Chase Sapphire Preferred® Card, Chase Sapphire Reserve® and Ink Business Preferred℠ Credit Card have another great benefit. These points can be converted into airline miles or hotel points when transferred to one of Chase’s 10 airline and three hotel partners. This is one of the best ways to redeem for business or first class flights or high-end hotel reservations with well-known brands like World of Hyatt, Marriott Bonvoy, and United Airlines.
Earn a $150 Bonus after spending $500 on purchases in your first 3 months from account opening.
0% Intro APR on purchases and balance transfers for 15 months
16.49% - 25.24% Variable
- Earn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening
- Earn 5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Enjoy new 5% categories each quarter!
- Unlimited 1% cash back on all other purchases - it's automatic
- 0% Intro APR for 15 months from account opening on purchases and balance transfers, then a variable APR of 16.49 - 25.24%.
- 3% intro balance transfer fee when you transfer a balance during the first 60 days your account is open, with a minimum of $5.
- No annual fee
- Cash Back rewards do not expire as long as your account is open and there is no minimum to redeem for cash back.
- Free credit score, updated weekly with Credit Journey?
See additional details for Chase Freedom®
60,000 bonus points
2X points on travel and dining
1:1 point transfer to leading airline and hotel loyalty programs
- Earn 60,000 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®
- 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 60,000 points are worth $750 toward travel
See additional details for Chase Sapphire Preferred® Card
Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
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.
$300 Annual Travel Credit, Airport Lounge Access, and Flexible Redemption Options
- Earn 50,000 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✓®
See additional details for Chase Sapphire Reserve®
How to transfer points from Chase Freedom®
Here’s how to move Chase Freedom® points to your Chase Sapphire or spouse account:
1. Log into your account at Chase Ultimate Rewards and choose your Chase Freedom® card.
2. You have many options when redeeming your Chase Ultimate Rewards points. Click “See More” and then “Combine Points” from the menu at the top of the screen.
3. Select which credit card to move points from and to and click “continue.” Even though you logged into your Chase Freedom® card, you can move points between any of your other Chase Ultimate Rewards credit cards. During this step, you can also add a spouse or other household member as a transfer option. In this example, I’m moving points from the Chase Freedom® to the Chase Sapphire Reserve®.
4. Decide how many points you would like to transfer from your Chase Freedom® account. The default is to transfer all of your points, but you can transfer a smaller amount. The minimum transfer amount is 1 point. For this example, we’ll to transfer all the Chase Freedom® points. The accounts that you are moving to and from are at the bottom of the page for verification.
5. Review the transfer. Chase shows you how many points are transferring and what the new balances will be in each account after the transfer is complete. This is your last chance to make changes before points are transferred immediately. Remember that, if you change your mind, points can be transferred back from the other Chase account.
6. Confirmation of transfer. Chase confirms how many points have been transferred and provides a confirmation number for your records. From here, you can go to your Chase Sapphire Reserve® account to view account history, book travel, transfer to partners and more.
What’s the catch?
Chase makes it easy to move points between Ultimate Rewards accounts to maximize your benefits:
- There is no fee to transfer points to another Chase account.
- You can move points back to your Chase Freedom® account if you wish.
- Points can be transferred to your spouse or anyone else living in your household who has an eligible Chase Ultimate Rewards account.
- There is no minimum number of points required to transfer between Ultimate Rewards account and no limit on the maximum number of points transferred.
- Transferred points follow the rules of the account they are in, not where they were earned.
When transferring Ultimate Rewards points to partner airlines and hotels, there are a few rules to remember:
- Point transfers from Ultimate Rewards to partner airlines and hotels are on a 1:1 basis.
- Transfers are in increments of 1,000 Chase Ultimate Rewards points.
- There are no fees to transfer points to an airline or hotel partner.
- Transfers to partners are final and cannot be reversed. It’s best to wait to transfer until you are ready to book an award flight or hotel room.
- Although most transfers happen by the next business day, transfers may take up to a week. It is best to request a hold on a flight or hotel reservation to ensure that the award space is still available once the point transfer is complete.
- You cannot transfer points into the account of someone else unless they are an authorized user on the account you are transferring from.
Keep in mind that you can never sell your Ultimate Rewards points to anyone. Not even family members. If Chase finds out, you could forfeit all of the points in your account.
Having multiple Chase rewards cards that are linked to Chase Ultimate Rewards allows myriad ways to maximize how you want to use those rewards, including moving points and cash back between cards, transferring points to family members or even Chase’s airline and hotel transfer partners. All it takes it a little know-how and redemption strategy, and having the right cards in your wallet.