Chase

How Long Do Chase Ultimate Rewards Points Transfers Take?

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If you’re collecting miles & points through credit card spend, I always recommend doing what you can to accrue transferrable points currencies. That’s because these points are much more flexible than when you’re earning an individual airline or hotel points currency. You have the flexibility to transfer these points to all kinds of travel partners, and you’re safeguarded from a devaluation in a specific points currency.

With that in mind, I’m writing a series about the three major transferrable points currencies — Amex Membership Rewards, Chase Ultimate Rewards, and Citi ThankYou — talking about how long it takes to transfer points, along with the other basic details you need to know about transferring points. Yesterday I wrote about Amex Membership Rewards, so today I’m writing about Chase Ultimate Rewards.

How many airline and hotel partners does Chase Ultimate Rewards have?

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Does The Freedom Or Freedom Unlimited Offer A Better Incremental Return?

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Reader Rohit asked a question in the Ask Lucky forum about whether he should apply for the Chase Freedom® Card or Chase Freedom® Unlimited.

The premise is that he has the Chase Sapphire Preferred® Card, and wants to apply for one of those no annual fee cards, given that they’re great complements to the Sapphire Preferred. Which is worth more — 5x points in select categories on the Freedom Card, or 1.5x points across the board on the Freedom Unlimited Card?

Ultimately there’s no “one size fits all” answer, as it all depends on your spend pattern. So the best I can do is to provide a general outline by which you can decide.

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Register To Earn 5x Points At Grocery Stores And Drugstores

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The Chase Freedom is one of my favorite no annual fee credit cards, as it offers 5x points in rotating quarterly categories, for up to $1,500 of spend per quarter. Most people use this as a cashback card, meaning the 5x points really translates into 5% cashback in these categories.

The best part is that in conjunction with cards like the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, points earned on this card can be converted into “premium” Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners. Since I value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.

Through March 31, 2017, Chase is offering 5x points on gas station and local commuter transportation purchases. However, registration for that category closed yesterday.

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Will The Bonus On The Ink Business Preferred Card Be Increased?

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Reader Shelly asked the following question regarding the Ink Business Preferred℠ Credit Card, which Chase first introduced last November:

“I want to apply for the Ink Business Preferred, but have heard rumors that the sign-up bonus on the card will be increased soon. Do you know if this is true, and do you recommend applying now or waiting for a bigger bonus?”

As it stands, the Ink Business Preferred Card is offering a sign-up bonus of 80,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months of account opening. That’s a huge sign-up bonus. I value those points at ~1.7 cents each, so to me the sign-up bonus is worth $1,265, even after subtracting the $95 annual fee. By my valuation, that’s the biggest publicly available sign-up bonus being offered on any card at the moment.

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Last Chance: Register To Earn 5x Points On Uber, Lyft, Gas Stations, Etc.

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The Chase Freedom is one of my favorite no annual fee credit cards, as it offers 5x points in rotating quarterly categories, for up to $1,500 of spend per quarter. Most people use this as a cashback card, meaning the 5x points really translates into 5% cashback in these categories.

The best part is that in conjunction with cards like the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, points earned on this card can be converted into “premium” Ultimate Rewards points, and be transferred to the Ultimate Rewards airline and hotel partners. Since I value one Ultimate Rewards point at significantly more than one cent, that’s my preferred use of those points.

From January 1 through March 31, 2017, Chase is offering 5x points on gas stations and local commuter transportation.

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Does It Make Sense To Downgrade To No Annual Fee Chase Cards?

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Three of the best Chase credit cards for maximizing everyday spend are no annual fee cards (which is rare, because typically no annual fee cards don’t offer a competitive return on spend). Specifically, I’m talking about the:

— Chase Freedom® Card, which offers 5x points in rotating quarterly categories, on up to $1,500 of spend per quarter
— Chase Freedom® Unlimited, which offers 1.5x points on all purchases

Ink Business Cash℠ Credit Card, which offers 5x points on the first $25,000 spent annually at office supply stores, and on cellular phone, landline, internet, and cable TV services, plus 2x points on the first $25,000 spent annually at gas stations and restaurants
These are all technically cash back cards, though in conjunction with a card accruing Ultimate Rewards points, like the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, those points can be converted into Ultimate Rewards points at a 1:1 ratio.

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Should You Pay Your Taxes By Credit Card?

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Tax season is in full swing in the U.S., with federal income taxes due in a bit over a month. Of course people have different ways they pay taxes, so not everyone still has taxes to pay next month. If that’s the case, maybe you can apply this strategy towards a future tax payment.

While a vast majority of people pay their federal income taxes in cash, does it make sense to pay your taxes by credit card instead? I pay all my taxes by credit card, and think it makes sense for a lot of people to do so. In this post I wanted to outline how that works in general?

There are several third party websites that will allow you to make tax payments by credit card. Right now the best option for paying taxes by credit card is Pay1040.com, which charges a 1.87% convenience fee for using a credit card. They let you pay by American Express, MasterCard, Visa, etc.

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How I’m Maximizing The 5x Transportation Bonus This Quarter

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I’ve had the Chase Freedom® Card for several years, since before I even started reading One Mile at a Time. It’s one of the two no-annual-fee cards I actually use (the other is The Amex EveryDay® Credit Card from American Express).

The 5% cash back the Freedom Card offers on rotating quarterly categories (up to $1,500 a quarter) is actually 5x Ultimate Rewards points for those of us who pair it with a card like the Chase Sapphire Preferred® Card.

This quarter (January through March), the bonus categories are gas stations and local commuter transportation. Gas stations often sell gift cards for future fuel purchases or other things, and many people meet the bonus that way.

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How To Decide Between 1.5x Points And 1.5x Points

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Yesterday I wrote about the three fantastic no annual fee Chase cards that I have — the Chase Freedom® Card, Chase Freedom® Unlimited, and Ink Business Cash℠ Credit Card. These cards really help me boost the number of Ultimate Rewards points I earn, as they all offer some of the best return on spend, depending on the category we’re talking about. In the comments section of that post, reader Stvr asked the following question:

“How do you decide whether to earn 1.5 MR or 1.5 UR? What’s the process? Do you hit 30 transactions every month?”

This is in reference to the value of The Amex EveryDay® Preferred Credit Card from American Express in comparison to the Chase Freedom® Unlimited. In my opinion, these two cards are hands down the most rewarding for non-bonused spend in the U.S. That’s because:

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The Three Fantastic No Annual Fee Credit Cards I Have

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I have a lot of credit cards. A lot of them have annual fees, which I consider to be worthwhile given the perks they offer in return. However, there’s also a lot of value in holding onto some no annual fee cards long term. One big aspect of your credit score is your average age of accounts, and you can build that by holding onto some cards long term. Obviously it’s ideal to largely do that using cards that has no annual fee, since you can hold onto them for free.

At the moment I have three no annual fee credit cards, and they’re not just great to hold onto because they have no annual fee, but also because they offer incredible points earning potential.

Specifically, I have the following three no annual fee cards:

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A Business Card Is Offering 10x Points On Hotels & Car Rentals

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Yesterday I wrote about how you can earn 10x points on hotels and car rentals booked through the Ultimate Rewards website with the Chase Freedom and Chase Freedom Unlimited. The promotion is valid for up to $2,500 worth of bookings through March 31, 2017, though the actual travel can occur at a later date.

Per Doctor of Credit, it looks like this offer is also valid on the Ink Business Cash℠ Credit Card, for up to $2,500 worth of spend. For rental cars, this offer is actually potentially even better than the one being offered by the Freedom or Freedom Unlimited. That’s because the Ink Business Cash offers primary collision damage waiver coverage for cars rented for business purposes, so it’s actually a card you’d want to use for a car rental.

While the Ink Business Cash is a cash back card, those points can be converted into Ultimate Rewards points in conjunction with a card accruing “premium” Ultimate Rewards points, which include the:

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Earn 10x Points On Hotels & Car Rentals This Month

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Two of my favorite no annual fee cards are the Chase Freedom® Card and Chase Freedom® Unlimited. These are both no annual fee cards that can help you boost the Ultimate Rewards points you earn, in conjunction with cards like the Chase Sapphire Preferred® Card and Ink Business Preferred℠ Credit Card.

The Chase Freedom already offers 5x points in rotating quarterly categories, which is a great way to super charge the Ultimate Rewards points you earn. For example, this quarter the card is offering 5x points on Uber rides, which I can maximize quite easily.

There’s an added promotion for both the Chase Freedom and Chase Freedom Unlimited this month.

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10 Best Credit Card Offers For February

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Every month I make a post with what I consider to be the best credit card sign-up bonuses of the month.

While there are several excellent long standing credit card offers, the specifics of the best offers are constantly changing (be it the annual fee, minimum spend requirement, or even amount of the sign-up bonus).

If you read my blog on a daily basis then by all means skip this post, but for me it’s a useful, “current” place to refer people who ask about which cards they should sign-up for, a question I get on a daily basis.

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The First Credit Card To Apply For If You’re New To Miles & Points

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I don’t think there’s a single “one size fits all” credit card. It all depends on what categories you spend most in, how much you spend, and what kind of rewards you’re looking for.

There are certainly cards that offer a compelling return for a vast majority of consumers, like The Amex EveryDay® Preferred Credit Card from American Express, which offers triple points on U.S. groceries (on up to $6,000 of spend per year), double points on U.S. gas, and a 50% points bonus when you make at least 30 transactions per billing cycle. Cards like that help points add up quickly for the average household.

Then there are cards that offer perks that more than justify the annual fee for a vast majority of consumers. For example, the IHG® Rewards Club Select Credit Card offers an annual free night certificate valid at any of IHG’s 5,000+ hotels, which more than justifies the card’s $49 annual fee, in my opinion. You’d be hard pressed to not get $49 of value out of that.

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