FAQ: Chase Credit Cards and Ultimate Rewards Points

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What is the Chase Trifecta?

This refers to the practice of having 3 credit cards that earn Chase Ultimate Rewards points is called the Chase Trifecta: The Chase Sapphire Reserve or the Chase Sapphire Preferred + the Chase Freedom + the Chase Freedom Unlimited.

This way, you’ll earn 3X points on travel and dining with the Sapphire Reserve (2X if you opt for the lower annual fee Sapphire Preferred), then 1.5X on everything else with the Freedom Unlimited, and 5X on rotating categories that vary each quarter on the Freedom.

More information on the Chase Trifecta

What is the Chase 5/24 rule?

In short, what it means is that if you have opened 5 new personal credit cards – from any issuer – in the last 24 months (plus any Capital One or Discover business cards, since those get reported to your personal credit profile) you will not be approved for a new Chase card.

More information on the Chase 5/24 rule.

Which is better? The Chase Sapphire Reserve or the Chase Sapphire Preferred?

In exchange for a $550 annual fee for the Chase Sapphire Reserve, vs. $95 for the Chase Sapphire Preferred, you get a $300 annual travel credit, Priority Pass airport lounge access, and you earn 3X Chase Ultimate Rewards points on dining and travel vs. 2X with the Sapphire Preferred.

We have a full guide to determining this: Chase Sapphire Preferred vs Chase Sapphire Reserve: Which is Right For You?

Which Chase Ink Business Credit Card is Best?

The Chase Ink Business Preferred is the one that most people should get first, because it has the biggest bonus and also allows for transfers to Chase Ultimate Rewards airline and hotel transfer partners. It has a $95 annual fee but earns 3 points per $1 on the first $150,000 spent in combined purchases on travel, shipping purchases, Internet, cable and phone services, and on advertising purchases made with social media sites and search engines. Limit applies each account anniversary year.

The Chase Ink Unlimited and Chase Ink Cash both have no annual fee and sizable bonus offers as well. The Unlimited earns a simple 1.5X Chase Ultimate Rewards points on everything while the Ink Cash earns 5% cash back (in the form of points) on the first $25,000 spent in combined purchases each account anniversary year at office supply stores and on Internet, cable, and phone services.

Only Chase Ultimate Rewards card with an annual fee allow transfers, but as long as you have a Chase Ink Business Preferred, a Chase Sapphire Reserve, or a Chase Sapphire Preferred, you’ll be able to combine your Chase Ultimate Rewards points into the premium Chase card (with an annual fee) and transfer from there.

You can also read How to Choose the Right Chase Ink Business Credit Cards for You

What are the best ways to use Chase Ultimate Rewards points?

There are lots of ways to spend Chase Ultimate Rewards points. The simplest is to redeem for travel via the Chase Travel Portal, if you have a Chase Sapphire Reserve (each point is worth 1.5 cents towards travel) or or a Chase Sapphire Preferred or Chase Ink Preferred (each point is worth 1.25 cents towards travel).

The best value comes from transferring to one of the 13 Chase Ultimate Rewards Transfer partners. We personally find the best consistent use of points to be via transferring to World of Hyatt.

Learn more in the Chase Ultimate Rewards Guide

Where can I transfer Chase Ultimate Rewards Points?

Aer Lingus
Air France
British Airways
Singapore Airlines
Virgin Atlantic

How Long Does It Take to Transfer Chase Ultimate Rewards points?

Many Chase transfer partners are instant. We keep an updated list of transfer times for Chase Ultimate Rewards partners here.
Chase Ultimate Rewards Transfer Partners Last Updated: January 2020
Transfer RatioExpected Transfer Time *
Aer Lingus Avios1:1Instant
Air Canada Aeroplan1:1Not Yet Live: Coming in 2020
Air France Flying Blue1:1Instant
British Airways Avios1:1Instant
Iberia Avios1:1Instant
Singapore Airlines KrisFlyer1:1~ 1 - 2 days
Southwest Airlines1:1Instant
United MileagePlus1:1Instant
Virgin Atlantic Flying Club1:1Instant
Marriott Bonvoy1:1~ 1-2 days
IHG Rewards Club1:1~ 24 hours

Can you combine Chase Ultimate Rewards accounts?

You can’t combine accounts, but you can transfer points between your accounts as well as between spouses at the same address and from a business card to you personal card when you are the business owner. Here’s a guide to combining points from multiple Chase Ultimate Rewards accounts.

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