If you’ve read a handful of our Chase credit card reviews, you’ve probably seen something about a point transfer to either another Chase credit card or another rewards program at a 1:1 ratio. Since this is a potentially confusing perk of Chase cards, we decided to dig into it and detail everything you need to know.
How does the point transfer work?
Chase offers two types of point transfers. The first is a transfer from Chase Ultimate Rewards portal to a partner’s rewards portal and the second is a transfer from one qualifying Chase card to another qualifying Chase card.
1:1 point transfer to another rewards program
Chase’s 1:1 point transfer to another rewards program is something that sets its cards apart from the competition because it allows cardholders a lot of flexibility and possibly more value for their points when they redeem, as was the case with Chase Sapphire Preferred when we compiled our Travel Rewards Credit Card Rewards Analysis. Here’s how this 1:1 transfer works: if you have an eligible Chase card (detailed below), you can transfer your Ultimate Rewards to a participating program for free at a 1:1 ratio. There are a number of participating programs, including British Airways Executive Club, Flying Blue AIR FRANCE KLM, Korean Air SKYPASS, Singapore Airlines KrisFlyer, Southwest Airlines Rapid Rewards, United MileagePlus, Virgin Atlantic Flying Club, Hyatt Gold Passport, IHG Rewards Club, Marriott Rewards and The Ritz Carlton.
Card-to-card point transfer
On the other hand, Chase cardholders who have more than one qualifying Chase credit card (detailed below) can transfer their rewards from one Chase account to the other. For example, if you have 10,000 Ultimate Rewards on your Ink Business Preferred Credit Card, you can transfer these 10,000 points to your Chase Sapphire Preferred Card for free and combine all your points to redeem at once, transfer them at a 1:1 value to another participating program, as described above, or just keep them all together. But it doesn’t stop there, because Chase also allows you to transfer rewards from an eligible cash back card to an eligible point-based card, allowing cardholders to redeem their rewards for travel in the Chase Ultimate Rewards portal. For example, you can transfer your Chase Freedom Unlimited rewards to your Chase Sapphire Reserve card and then transfer your points to a participating partner program at for a 1:1 value, or redeem them for airfare, hotels, car rentals and cruises through the Chase Ultimate Rewards portal. This card-to-card transfer provides users with significant rewards flexibility because they can use both cards’ rewards to redeem for travel.
Which cards qualify for 1:1 point transfers?
Chase offers three cards that are eligible for 1:1 point transfers (detailed above).
The Chase Sapphire Preferred Card, which holds the top spot in our Travel Rewards Credit Card Analysis, is a top option for anyone looking for an impressive travel rewards credit card. Kicking off the travel rewards are 50,000 bonus points — worth $625 in travel when redeemed through Chase Ultimate Rewards — when you spend $4,000 on purchases in the first 3 months. On top of that, you can get 5,000 more bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening. In terms of ongoing rewards, the Chase Sapphire Preferred Card earns cardholders 2X points on travel and dining at restaurants worldwide and 1 point per $1 spent on all other purchases. When it’s time to redeem your rewards, you can choose to transfer your points to another airline or hotel loyalty program or redeem them through the Chase Ultimate Rewards portal, which will get you 25% more value, with no blackout dates or travel restrictions for airfare, hotels, car rentals and cruises. The Chase Sapphire Preferred Card has a $95 annual fee that’s waived for the first year, and you’ll pay no foreign transaction fees, which is ideal for a travel rewards credit card.
Those looking for a high-end travel rewards credit card will likely be more satisfied with Chase Sapphire Reserve, which launched in 2016. To start, when you spend $4,000 on purchases with Chase Sapphire Reserve in the first 3 months from account opening, you’ll get 50,000 bonus points — that’s worth $750 toward airfare, hotels, car rentals and cruises when you redeem through Chase Ultimate Rewards! Next, you’ll earn 3X points on travel and dining at restaurants worldwide and 1 point per $1 spent on all other purchases. Redeeming your rewards is easy because you can transfer them to a partner program at a 1:1 value or get 50% more value when you redeem them through Chase Ultimate Rewards — and you don’t have to worry about blackout dates or travel restrictions. Cardholders will automatically receive a $300 annual travel credit, which is a great perk, and pay no foreign transaction fees. One drawback of the card is its $450 annual fee. While the annual fee seems ludicrous, when you take into account the rewards you’ll earn with the card, the hefty fee is easily balanced out. For example, Chase Sapphire Reserve’s intro bonus — worth $750 in travel — and the $300 annual travel credit have the first year covered (and you still get $600 leftover). The $300 annual travel credit lowers the fee to $150 for the following years, and if you spend $277/month on travel or dining out, you’ll earn enough rewards to cover the rest of the fee — since the points are valued at 1.5 cents ($750 divided by 50,000 points) through Chase Ultimate Rewards. It should be noted that these calculations don’t include all other 1 point per $1 transactions. Still, if you can’t get over the annual fee, you may want to pick the Chase Sapphire Preferred Card we detailed above.
Business owners looking for a card that’s eligible for the Chase 1:1 point transfer will want to check out the Ink Business Preferred Credit Card. This card earns a stellar intro bonus of 80,000 bonus points — worth $1,000 toward travel through Chase Ultimate Rewards — when you spend $5,000 on purchases in the first 3 months from account opening. In addition, cardholders will earn 3 points per $1 spent on the first $150,000 spent in select categories each account anniversary year and an unlimited 1 point per $1 spent on all other purchases. The select categories you’ll earn 3X the points on include travel, shipping purchases, Internet, cable and phone services and advertising purchases made with social media sites and search engines. If you choose to redeem your rewards through the Chase Ultimate Rewards portal, you’ll get 25% more value. The Ink Business Preferred Credit Card has a $95 annual fee that’s waived for the first year, no foreign transaction fees and employee cards at no additional cost.
Which cards qualify for card-to-card point transfers?
These three cash back credit cards, along with the three travel rewards credit cards detailed above, are eligible for card-to-card point transfers. It should be noted that if you have one of the cards details in this section, you cannot transfer points to redeem for travel unless you also have one of the cards detailed above.
If you want a cash back credit card that allows you to transfer your rewards to one of the travel rewards credit cards above, you may want to look into Chase Freedom – $150 Bonus. Kicking off its rewards is a $150 bonus you can earn when you spend $500 on purchases in the first 3 months from account opening — that’s a 30% bonus! In addition, when you add an authorized user and make your first purchase within the same 3 month period, you’ll get a $25 bonus, bringing your total intro bonus to $175! Next, you’ll get 5% cash back in bonus categories each quarter you activate (up to $1,500 in combined purchases, then it’s 1%) and an unlimited 1% on all other purchases. These bonus categories can include grocery stores, drug stores, gas stations, Amazon.com and etc. Planning make a large purchase? The 15-month 0% intro APR on purchases and balance transfers (with a 5% balance transfer fee) will give you plenty of time to pay off the purchase. Rounding out Chase Freedom – $150 Bonus is no annual fee.
Prefer a card that earns you a flat cashback rate on all purchases and has an equally-generous intro bonus? Chase Freedom Unlimited might be the card for you. This card earns an unlimited 1.5% cash back on every purchase, which makes things easy because you don’t have to worry about rotating categories or enrolling to earn your rewards. And when you spend $500 on purchases in the first 3 months from account opening, you’ll get a $150 bonus! On top of that, when you add your first authorized user and make your first purchase within the same 3-month period, you’ll get a $25 bonus, which means you can earn up to $175 back! Chase Freedom Unlimited is another good option if you’re planning to make a large purchase because it offers a 15-month 0% intro APR on purchases and balance transfers (with a 5% balance transfer fee). What’s more, this top-notch cash back credit card has no annual fee.
The Ink Business Cash Credit Card is great option for business owners looking to earn rewards that can be transferred to one of the travel rewards credit card detailed above. To start, the Ink Business Cash Credit Card offers a $300 bonus when you spend $3,000 on purchases in the first 3 months from account opening. In terms of ongoing rewards, you’ll earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on cellular phone, landline, Internet and cable TV services each account anniversary year, 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary and 1% cash back on all other purchases with no limit to the amount you can spend. In addition to those generous cash back rewards, you’ll get a 12-month 0% intro APR on purchases and balance transfers (with a 5% balance transfer fee), pay no annual fee and get employee cards at no additional cost.
Want to learn more about the Chase cards detailed in this post? Visit our Chase credit card reviews to get all the details and apply online.
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