- Centurion Member
- Posts: 4140
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
To My Credit wrote:I've recently gotten a Chase Freedom and all this talk about synergy is making me want to get a CSP a couple of years down the line. What I got is that Ultimate Rewards are pretty great and because Freedom and Freedom Unlimited earn UR and UR can be spent with the CSP, they're a great trio of cards to have. For someone who has only ever had cashback cards, my question is, just how valuable are UR? I guess the answer is that "it depends", but what is the best way to use them? What kind of purchases get you the most bang for your UR? And how much value (in terms of $$$) can you get on those purchases per 1 UR?
And is it possible to convert UR to $$$ directly? If so, what's the exchange rate?
URs can become cash at 1 cpp.
Transfers to Hyatt Gold Passport can often give a good value (thought not always). The downside is that Hyatt has far fewer properties than, say, Marriott or IHG. I would discourage you from transferring to IHG, since there are many ways to get IHG points cheaply (which is part of why I like the program).
Airline transfers can give a great value, but with complicated fare classes, alliances and award charts, a lot of it is beyond me.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
Plan to PC: Prestige to DC
SD with activity alerts, might close: Arrival and Brooks Bros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH