Description: The author covers some tips and strategies on applying for chase freedom unlimited cards, we will be shown the characteristics of four major flexible point programs and three ways to transfer to a travel partner.
I’ll be diving deeply into individual cards and the benefits of each one, I’ll be covering some tips on how to apply for cards, there are definitely some strategies and tricks that people use when applying for cards.
We’ll be talking about the chase Ultimate Rewards program, the chase Ultimate Rewards program is one of the most popular flexible point currencies out there by flexible point program, the points can be used for different things like hotels or flights or even sometimes rental cars.
These different cash back programs allow you to redeem cash back and apply them toward travel expenses for simplicity sake, there are four major flexible point programs they include the chase Ultimate Rewards the American Express Membership Rewards the Citibank.
They’re definitely a valuable and simple way to earn free travel, I’ve used all these reward programs over the years, but the one that stands out is a chase ultimate rewards program, not to say that the other programs aren’t valuable or effective.
I find that the chase cards seem to meet my needs and here’s why number one is bonus categories that match my daily spend with my chase cards, I seem to be able to match up the bonus reward categories with what I’m spending in my daily life.
The second multiple cards that pull into the same program since multiple cards are earning the same points, I seem to earn them much more quickly.
The third travel partners that seem to match my needs, Chase has partnered with some of the biggest names in travel such as United Hyatt Southwest, IHG Marriott Ritz Carlton whew, this definitely gives me a lot of options.
When I want to book travel, when you look at the chase website, you’ll notice that there are two types of cards listed, there are travel reward cards and the cash back cards cards considered to be cash back.
However, there is a way to make these cards eligible to earn travel points as well, you need to have one premium account active which allows the other cards to earn ultimate reward points, this also allows you to pull the points into one bucket examples of premium chase travel cards.
I carry the Chase Sapphire Reserve card which has a hefty annual fee, but I find that it meets my needs in terms of my daily spend, especially when it comes to dining out and travel, since it’s one of the premium chase travel cards, it allows me to unlock the point earning feature on my chase freedom.
I have a chase ink cash card which is a business card, that’s also classified as cashback, however, I have the Chase Sapphire Reserve card, it allows me to earn ultimate reward points on that account as well.
I essentially have four separate cards that are earning ultimate reward points, what I love about this setup is that it allows me to take advantage of multiple bonus categories, in my case, the Chase Sapphire Reserve earns three points on travel and dining the ink cash card earns five points on office supplies.
I also earn two points on dining and gas charges, my freedom unlimited card has a 1.5 point bonus on all charges, it’s a flat bonus card and my chase freedom earns 5 points on rotating categories, so every quarter a different bonus category, it could be anything from gas to groceries to drugstores home improvement Amazon.
It’s a versatile card and it’s a great way to maximize daily spend in those categories in terms of redeeming your Chase ultimate ward points, there are a ton of ways to do it, however, for the best value, I suggest using one of these two ways.
The first way is to transfer to a travel partner, you can transfer points to one of chases travel partners which includes companies like Hyatt United Marriott’s Southwest, once the points have transferred over, you can book the travel directly with that vendor.
The second way to redeem points is through the ultimate rewards travel portal, once you find the flight or hotel that you want a book, you can redeem at a fixed rate, the fixed rate is going to depend on whether you have a reserve card or not, it should range between 1.25 or 1.5 cents per point.
With this method, you’re essentially buying your ticket or booking your hotel and then reimbursing yourself with the points, keep in mind that you’ll also earn mileage or loyalty points for using this method, that’s because you’re buying the ticket or hotel stay.
It’s difficult to put an exact number on the value of each point, one of my favorite bloggers, the points does a monthly valuation of all the major point programs out there, in April 2017, he rates the chase ultimate reward program to have a point value of two point two cents per point.
Redemption values can definitely vary, I’m usually able to get anywhere from one point five to two cents per point, however, there is flexibility which is hard to quantify into an exact amount, but it is definitely valuable before you apply for these cards.
Here are some things to keep in mind, one is that Chase has a 5 by 24 rule which means that they won’t approve you, if you’ve had five credit card application within the last 24 months, this includes credit cards from other banks as well, not just from Chase.
There are some exceptions to this rule, but if you applied for five or more credit cards in the last two years, you may want to hold off on applying for any chase cards.
The last point I’ll make is that even though I definitely prefer Chase Ultimate Rewards program, it doesn’t mean that I’m not also collecting points from other programs, if you talk to a lot of point collectors, they’ll tell you that diversity is definitely key, having a diverse set of points allows you to book travel wherever you go, I can’t tell you how many times I wanted to book a Hyatt.