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Chase Ultimate Rewards is one of my favorite points currencies. There are two ways you can best redeem these points. My personal favorite way is to convert Ultimate Rewards points into airline or hotel points with one of their roughly dozen partners.
|Aer Lingus Aer Club||IHG Rewards Club|
|Air France/KLM Flying Blue||Marriott Rewards|
|British Airways Executive Club||Ritz-Carlton Rewards|
|Iberia Plus||World Of Hyatt|
|Korean Air SkyPass|
|Southwest Airlines Rapid Rewards|
|Virgin Atlantic Flying Club|
Alternatively, you can efficiently redeem Ultimate Rewards points as cash towards the cost of a travel purchase. This needs to be done through the Chase Ultimate Rewards online travel portal, and the value you get per point varies based on the most premium Ultimate Rewards card you have:
- If you have the Chase Sapphire Reserve®, points can be redeemed for 1.5 cents each towards the cost of a travel purchase
- If you have the Chase Sapphire Preferred® Card or the Ink Business Preferred℠ Credit Card, points can be redeemed for 1.25 cents each towards the cost of a travel purchase
In general I’ve found the Chase Ultimate Rewards travel portal to be fairly decent, though it was announced today that Chase is making some changes to this.
CNBC reports that Chase is partnering with Expedia to run their online travel portal going forward. As part of this, the Chase Ultimate Rewards travel portal will have access to more than double as much inventory as before, including 272,000 hotels and 250 airlines.
The website will also be revamped, making it easier to choose between flight and seat options, and providing a better breakdown of the fees on tickets, according to the story.
Apparently the new interface will be added to Chase Freedom cards starting today, and then will be expanded to premium cards over the coming weeks. The catch for now is that there’s not much value for this with the Freedom, since you can redeem points with that card for one cent towards anything (including a statement credit), so there’s no reason to spend it on travel.
So while I’ll have to see what the new interface looks like before drawing too many conclusions, in general access to more airlines and hotels does sound like a positive development.
What do you make of Chase partnering with Expedia to power their travel portal?