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.
[Let CardRatings.com help you find the right cash back credit card for you.]Customers who have a Chase Freedom Visa or a Chase Sapphire card get one point for every dollar purchased, and happily, there are no earning caps or expirations. If you shop at Chase's Ultimate Rewards Mall, you can earn up to 10 bonus points per dollar when you make a purchase online at over 300 retail web sites.
And as you've probably heard, you can trade in your points for experiences. For a mere 7,800 points ($78) you can go bungee jumping in Azusa, California or 15,900 points($159) you can get a private golf lesson with a PGA pro instructor in Boston.
There are no issues or gotchas that I can see. There isn't even a fee for the program, although if you want to pay an annual $30 for Chase Freedom and $95 for Chase Sapphire, you can get special benefits like a fixed 3-percent bonus for spending in grocery, gas and fast-food categories with Chase Freedom, and point transfers into certain travel rewards programs with Chase Sapphire.
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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