One of the good perks of Chase Ultimate Reward points is you can move the ultimate rewards points between your different Chase card accounts. If you have multiple chase ultimate rewards earning cards like Chase Freedom, Chase Freedom Unlimited, Chase Sapphire Reserve or Chase Sapphire Preferred you can move the rewards points between the account.
Consolidating your points in one account will help you transfer the point to airline frequent flyer program/hotel guest program or use the points to purchase an airline ticket or book a hotel reservation through the ultimate rewards portal for an award that requires more points than the one available in a single account.
Ultimate Rewards Points Differences Between Chase Cards
The ultimate rewards points earned using different Chase credit cards are not same some has more value than others. But by moving your lower valued ultimate rewards point in a card to a higher value ultimate rewards point card you can convert your lower valued points to higher valued point.
Both Chase Freedom and Chase Freedom Unlimited ultimate rewards points are valued 1¢ each when you want to convert the points to dollars, or you want to use your points through ultimate rewards portal for purchasing a flight ticket or book a hotel room. But the ultimate rewards points earned using the cards cannot be transferred to airline frequent flyer program or hotel programs like the Chase Sapphire Cards or Chase Ink Preferred card (Business)
|Card||Face Value||Travel Portal Value||Transferable to Frequent Flyer or Hotel Programs|
|Ink Preferred (Business Card)||1¢||1.25¢||Yes|
Chase premium cards ultimate reward points are valued little higher when you use the points to purchase flight ticket or book a hotel through ultimate rewards portal. Chase Sapphire Reserve ultimate rewards points are valued 1.5¢, Sapphire Preferred and Ink Preferred (Business Card) ultimate rewards points are valued 1.25¢. Also, the premium card allows 1:1 point transfer to airline frequent flyer program as well as hotel program to realize benefits higher than 1.5¢ a point.
How to Realize Higher Value for Chase Freedom Ultimate Rewards Point
There is an option available to realize greater value for your points earned with Chase Freedom or Freedom Unlimited card assuming you have other cards in your portfolio like Chase Sapphire Preferred or Reserve.
You can move ultimate rewards points from Chase Freedom or Freedom Unlimited card to Chase Sapphire Preferred or Reserve, by doing so you get the ability to convert those points to airline frequent flyer miles or hotel points and get a value higher than 1¢ point when you use the miles to purchase a premium class ticket.
Assuming you do not want to transfer the points to an airline frequent flyer program or hotel guest program when you use the points to book a flight ticket or hotel room using the ultimate rewards portal you can get a value of 1.25c (Sapphire Preferred) or 1.5¢ (Sapphire Reserve) for each point.
Advantages Gained By Transferring Points to Chase Sapphire Or Ink Preferred
- Higher value can be realized by using the points to book for airline ticket or hotel reservation using ultimate reward portal travel.
- A much greater value can be realized by transferring the points to airline frequent flyer program or hotel points program.
Transfer Ultimate Rewards Points Between Chase Accounts
A few months ago I wrote a blog article why I converted my Chase Slate card to Chase Freedom card, and the Chase Freedom card allows us to earn 5x category bonus every quarter which will enable us to accumulate a lot of ultimate rewards points.
I prefer using ultimate rewards point for premium class travel by transferring points to airline frequent flyer program. By moving points from Chase Freedom to Chase Sapphire, ultimate rewards account I will be able to transfer my Chase Freedom ultimate rewards points to an airline frequent flyer program for realizing a higher value for the transferred points.
Sign on to your Chase online account
To transfer points between your Chase credit card account, sign on to your Chase online account and choose Ultimate Rewards option available on the landing page right below your list of available Chase Cards.
Moving Points from Freedom to Sapphire Card
To move points from Freedom to Sapphire Card, you need to choose the Chase Freedom card ultimate rewards portal. You can also transfer points from Chase Sapphire card to Chase Freedom cards by selecting the Chase Sapphire Ultimate Rewards portal option.
When you are on the Ultimate Rewards website, click on the number of points displayed in the top right-hand corner. After clicking you will see the list of ultimate rewards point earning card and the number of points available in each cards ultimate rewards account. Choose combine points option to consolidate points available in one account into another account.
Choose the card you want the points to be transferred from to the card you want the points to be transferred. Once you have picked the card, the selected card will turn into the blue background from the white background.
You have an option to move all the points available in one account to another account, or you can transfer a set number of points instead of all the points. I choose just to transfer 1000 points from the available 7,798 points.
You will be presented with a confirmation page that will show how many points will be transferred between the cards and ask for your approval to proceed with the transfer.
Once you confirmed that you want to move the points, it will be transferred to your other credit card account immediately.
After moving the points to Sapphire card, you can see that the Chase Freedom card ultimate reward point balance is reduced by 1000 points.
Moving Points from Chase Sapphire to Freedom Card
If you choose the Chase Sapphire ultimate rewards portal, you can transfer points from Chase Sapphire to Chase Freedom cards. When you want to combine points, you will be presented with an option to move points from Chase Sapphire to Chase Freedom.
Why would you transfer points from Chase Sapphire to Chase Freedom? If you are planning to close your Chase Sapphire accounts or Chase Ink Preferred account and you do not want to lose the points, you earned using the Chase Sapphire or Chase Ink Preferred account then you need to consider transferring the points to Chase Freedom card.
You can either transfer the points to Chase Freedom ultimate reward account, or you can transfer to your airline frequent flyer program to prevent the points from getting expired due to the closing of the account.
Will Chase Devalue the Transfer Between Freedom Cards and Reserve Card?
The ultimate rewards points in the Chase Sapphire Reserve account is worth 1.5¢ compared to just 1¢ if you have the points with Chase Freedom card. By moving the point to Chase Sapphire Reserve, the points are 50% more valuable compared to the points held in the Chase Freedom account.
There is an interesting thread going in the Reddit Churning forum, that chase is considering changing the Ultimate Rewards point transfer ratio from Freedom cards to Sapphire Reserve card. Currently, they transfer the points in the ratio of 1:1, and Chase is considering changing the transfer ratio to 3:2. For example, when you transfer 1500 points from Chase Freedom to Chase Sapphire Reserve you will receive only 1000 ultimate rewards points after you move the points to Chase Sapphire Reserve.
At this point, no one knows how many points you will receive if you want to revert the transaction and send the points back to Chase Freedom card. Will one receive 1500 points for each 1000 points transferred or just only 1000 points with a loss of 500 points?.
If Chase implements any such changes, they may or may not to keep track of how many points transferred from Freedom to Sapphire Reserve and appropriately credit the lost points if one transfer the points back to Chase Freedom account.
We do not know at this point whether Chase will change the transfer ratio policy between Chase Freedom and Chase Sapphire Reserve cards. Going by the devaluation trend in the airline and credit card industry there is a possibility Chase may implement the transfer ratio devaluation some time in the feature.
A Key Points to Note When Combine points with other Chase cards with Ultimate Rewards
- You can move your points, but only to another Chase card with Ultimate Rewards belonging to you, or one member of your household.
- If Chase suspect that you’ve engaged in fraudulent activity related to your credit card account or Ultimate Rewards, or that you’ve misused Ultimate Rewards in any way (for example by buying or selling points, moving or transferring points with or to an ineligible third party or account, or repeatedly opening or otherwise maintaining credit card accounts for the sole purpose of generating rewards) Chase may temporarily prohibit you from earning points or using points you’ve already earned. If Chase believes you have engaged in any of these acts, Chase will close your credit card account, and you will lose all your points.
- Check out the Chase website for any additional questions regarding the transfer of ultimate rewards point here.