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 or a Chase Sapphire card get one point for every dollar purchased.
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 seasonal bonus categories 5 percent of each eligible purchase in qualifying categories. Those bonus points stop accruing once you've reached $1,500 in spending in a featured category 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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