Do you have a Chase Ultimate Rewards card or are you thinking of getting one? If so, here are 5 tips and tricks you need to know!
If you are new to Chase Ultimate Rewards: This is the premier credit card rewards program from Chase. It allows you to redeem the points you earn on purchases for practically anything you want… cash back, travel with no blackout dates or restrictions, merchandise, gift cards, and more.
Trick #1 – Combine these bonuses to score a windfall of points!
Did you know that you can transfer points between accounts? You can do this within your own accounts or you can even transfer UR points to someone else!
This means you can signup for multiple bonus offers and combine them. For example if you already have the Freedom, then you can signup for the Sapphire bonus offer and combine those points with your existing UR account.
Here are the cards you can do this with and their best signup offers during 2013 (I constantly update this list). Consider signing up for the cards you don’t already have.
6/16/2013 update: Hurry because right now they’re doing special LARGER signup offers for their Ink Plus and Bold cards as part of Small Business Week. For this week only, you can get a whopping 60,000 bonus points. This is the best deal I’ve seen on these cards ever since they launched in 2009 ’til present, so don’t miss out on this.
- Sapphire Preferred: Use this link to earn 40,000 points (after $3k spend in first 3 mo.)
- Chase Freedom: Use this link to earn 10,000 points (after $500 spend in first 3 mo.)
- Chase Ink Plus*: Use this link to earn 60,000 points (after $5k spend in first 3 mo.)
- Chase Ink Bold*: Use this link to earn 60,000 points (after $5k spend in first 3 mo.)
*The Ink are business cards but you can still apply for them as an individual (sole proprietor). To do that, use your Social Security for the tax ID field and your legal business name will be the same as your legal name (i.e. “Jane Smith” would be your biz name if that’s your name).
Think about it… when combined the above offers equal well over 100,000 Ultimate Rewards points. Think how long it would take for you to earn that many points with normal spending (several years?!). But with signing up for a bonus or two, you can fast-track the process and earn a lump sum very quickly. Get these offers while they’re this generous because if history is any lesson, credit card bonuses this big don’t happen every year.
Trick #2 – Use the online mall to earn even faster
The Chase Ultimate Rewards Mall gives you extra points for shopping online. Simply use the online “mall” to access your favorite merchant’s websites – you will earn up to an extra 10 points per dollar spent! That’s like getting up to 10% cash back for your online purchases.
There are hundreds of merchants participating:
Stores: There are well over a hundred popular stores, everything from JC Penney to Best Buy (by the way those are both 10 points per dollar!). Whatever you’re buying, chances are you will find it.
Travel: Don’t forget to use the mall whenever you book travel. Earn extra points at Orbitz, Priceline, Hotels.com, Travelocity, Holiday Inn, Best Western, Marriott, Sheraton, Choice Hotels, Holiday Inn, Delta, United, Enterprise, Budget rent-a-car, and tons of other popular travel companies!
Service Providers: Many long-time Ultimate Rewards users aren’t even aware of all the services that participate. For example, last year there were ways to earn bonus points by opening up a new Netflix account (score an extra 1,500 points) and opening up a new AT&T account (get a cool 50,000 points). There was even 8 pts/dollar for using TurboTax. You can check your account to see the latest UR offers for service providers.
Trick #3 – Multiply your savings using promo codes
When shopping online through the Chase Ultimate Rewards mall, you might be able to use retailer promo codes too!
If details for a listed merchant says “cannot be combined with any other offer” then you probably can’t use a coupon code and get your Ultimate Rewards at the same time. However some retailers may have no such restrictions on combining offers!
*Important* If you are going to be using a retailer’s promo code, make sure you look up and gather the codes before you enter the Chase Ultimate Rewards Mall. Why? Because most coupon websites make money when you click on the coupons they have listed (they put a cookie on your computer so they can get a commission on your purchases for that store).
Those cookies that the coupon websites use could replace the cookies from the Chase Ultimate Rewards Mall if you click on the coupon site afterward. So make sure you have your codes looked up beforehand!
Trick #4 – Did you know about the auctions?
We all know auctions can be a great way to score a deal, but did you also know that the Chase Ultimate Rewards program has their very own auctions?
Yes, that’s right… you can use your points to bid on auctions which are only available to the holders of Chase credit cards with Ultimate Rewards. Last I checked there were over a hundred auctions going on… everything from a private gold lesson with a PGA pro instructor to a cruise for two on Chesapeake Bay. Auctions are organized by category, point value, and location for your convenience.
These auctions can be a great way to snag a deal and pay significantly less than what you normally would.
Trick #5 – Use points to buy unique experiences
Many Chase credit card holders aren’t aware that you can also redeem your points for unique experiences that you might not be able to buy on your own.
At any given time there are tons of experiences available, ranging from VIP access at must-see events, culinary experiences, concerts, sports and leisure activities, and more. A cool one that caught my eye was going in an Indy race car at 180 mph!