dcsimg

Is the Chase Ultimate Rewards program any good? Any issues or gotchas with it?

By , CardRatings Contributor

Our credit card articles, reviews and ratings maintain strict editorial integrity; however we may be compensated when you click on or are approved for offers (terms apply) from our partners. How we make money.

Question: Is the Chase Ultimate Rewards program any good? Any issues or gotchas with it?

Answer: As a completely impartial observer--I don't have any Chase credit cards, my wife doesn't work at Chase, I don't get paid more if I talk up or trash a credit card in these Q&A's, etc.--it looks very good to me.

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 are approved for the Chase Freedom® can earn 5 percent cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate. Plus, they earn unlimited 1 percent cash back all other purchases and earn a $150 bonus after spending $500 on purchases in your first 3 months from account opening. 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. 

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.

0 Comments

Be the first to comment!

FIND THE
BEST CARD
FOR YOU
Select Your Credit Score:
(Ok to Guess)
Excellent
(720-850)
Good
(690-719)
Fair
(630-689)
Bad
(350-629)
None/Limited I don't Know

Featured Partner Cards

loading
  How is your credit?
Oops! Your credit does not qualify you for this card. Applying and being rejected for this card could possibly hurt your credit
We are redirecting you to offers you are qualified for based on your credit.
720-850
Excellent
660-719
Good
600-659
Fair
350-599
Poor
X
CardRatings is excited to announce the launch of the
100% Free CardRatings Email Course to Learn How to Maximize Travel Rewards.

Created in partnership with ChooseFI

We partnered with ChooseFI to combine CardRatings’ offer expertise with ChooseFI’s tried and true travel rewards strategies. Get to know ChooseFI: they have changed tens of thousands of lives and recently won Podcast of the Year at FinCon.
You may think you are a rewards travel expert, but rewards strategies are changing (e.g., the days of card churning and manufactured spending are numbered). Learn powerful, sustainable strategies (a couple of which even you die-hard travel experts might not know). You'll be so glad you did.
We're planning more courses for the future; this is just the beginning of our journey.
BROUGHT TO YOU BY: