Plus, after doing my due diligence and researching this, I'm starting to wish I had one of those cards and was participating in the program. As rewards credit cards go, this is a program worth checking out. But again, I haven't actually used the card and program to truly provide an I-know-exactly-what-I'm-talking-about answer.
Customers who have a Chase Freedom® can earn unlimited 1 percent cash back on purchases while the Chase Sapphire® card get one point for every dollar spent on purchases.
There are no issues or gotchas that I can see for the standard rewards program mentioned here. There isn't even a fee for the program. However Chase Freedom offers cardholders who enroll in quarterly bonus categories 5 percent cash back of each eligible purchase in qualifying categories up to $1,500 in combined purchases and you need to remember to activate your bonus categories each quarter to be eligible.
I suppose they could discontinue the program one day, and you've saved all these points, and suddenly you'd be ticked off, but even then, I would assume Chase would give you time to redeem those points. As far as I can tell, as long as you like your Chase credit card, you should love the Chase Ultimate Rewards program.
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