In the past, grocery and travel expenses have been reimbursable at the 1.5 cents per point rate, as well. One cool thing that Chase does is allow you to move points earned on one Chase card to another Chase card, and there are other cards with better redemptions options.įor example, when you take your 1.5 points earned by spending a dollar on the Chase Freedom Unlimited Card and move them to Card Number 2, they’re now worth 2.25 cents (or more) with numerous redemption options.Ī premium credit card with premium perks, the Chase Sapphire Reserve allows you to get 1.5 cents for every UR point redeemed to pay yourself back on prior purchases in eligible spending categories.Īs of May 2022, those categories include dining, Airbnb, and certain charitable organizations. However, there are better ways to use your Chase UR points.įortunately, this card has no annual fee, so you’ll pay no premium to own it and use it if you already have Card Number 2. As cash equivalents, you can redeem them for cash at a rate of 1 penny per point, and you earn 1.5 points for dollar spent, so this card certainly can be used as a 1.5% cash back card. The Chase Freedom Unlimited is a simple “cash back” credit card, but the Chase Ultimate Rewards (UR) points you earn are actually better than cash. With two cards from Chase, you should be able to get anywhere from a minimum of 2.25% to as much as 15% back on every purchase that can be made by credit card. If you’re not getting the equivalent of at least 1.5 cents back per dollar spent, I’d look for a better solution. If you are loyal to a particular hotel or airline card, it’s worth running the numbers and making sure you’re getting good value for the money you spend on the card.
If two cards are too many, I’ll also give you my top one-card alternative, and it’s neither of the cards in the two-card combo.
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