If you have different Chase Ultimate Rewards cards, you have the option to combine the points into a single account. This will let you transfer your Chase Freedom points to your Chase Sapphire Preferred or Chase Ink Bold/Chase Ink Plus accounts.
Why would you want to combine the points? A few reasons.
First, the Chase Sapphire and Chase Ink cards are the premium cards. They allow you to transfer your Chase Ultimate Rewards points to ten different Chase airline and hotel travel partners such as United Airlines, British Airways, Hyatt. The lower end Chase Freedom card only lets you redeem your points for 1 cent each. So 10,000 points redeem for only $100 cash back.
I like to max out the Chase Freedom quarterly categories for 7,500 Ultimate Rewards points each quarter. This earns me 30,000 Ultimate Rewards points a year. The Chase Freedom will only let me get cash back at one cent each so my 30,000 points would only be worth $300 if I used them that way. If I move them into my Chase Ink Bold account, I can then transfer them to 30,000 United airlines miles, among other options. That’s almost enough for a one way ticket from LA to New York and a round trip ticket from LA to Grand Cayman. Getting the tickets with United miles saved me $700! By transferring, I essentially doubled the value of my Ultimate Rewards points.
Secondly, you may want to close one of your cards to avoid the annual fee, but want to keep the points in the flexible Ultimate Reward currency. Transferring them to an airline or hotel partner would lock them in with that partner and make them less liquid. Keeping them as Ultimate Rewards points means you can decide later how you actually want to use them. When I closed my Chase Sapphire Preferred account, I transferred all my points to the Chase Ink Bold.
In my example, I am going to explain how to transfer Chase Freedom points to one of the other Chase cards.
Warning about transferring points to/from accounts of others: You can transfer points to any Chase Freedom, Chase Sapphire, Chase Ink account you personally own with no problem. However, Chase specifically prohibits transferring points from to the Chase Sapphire accounts of another individual that is not your domestic partner. For Chase Ink Bold, you can only transfer points to the accounts of employees. Chase has been known to close accounts of those who received the transfer violating these rules. While they used to look the other way in the past, they have become extremely vigilant in enforcing these rules.
1. Log into your Chase Online account.
Go to Chase Online and log in.
2. Click on Go to Ultimate Rewards in the upper right hand corner.
3. In the upper right hand corner again, you will see a menu item for ‘Earn Faster’. Mousing over it will show a drop-down and there you want to select ‘Combine Ultimate Rewards Points’.
4. On the next screen, you will see a Transfer from and Transfer to option.
In the transfer from, you want to select the card you will be transferring your points from. If you are transferring to a personal card like Chase Sapphire Preferred that is linked to the same log-in account, it will appear as a drop down as one of the Transfer to cards. You can then select it. Cards linked to a different log-in account will not appear. For example, my Chase Ink Bold card does not appear.
To transfer to the Chase Ink Bold, I need to select Other and then type in the credit card number and my last name. Click Submit.
On the final screen, confirm you want to transfer the points. When you then log into your other card account, you should already see the points there. The transfer is instantaneous!
Great! Once you’ve transferred the Chase Ultimate Rewards points from your Chase Freedom to one of your premium account, the next step is to learn how to transfer those points to the ten different airline and hotel partners. You can check out my Chase Ultimate Rewards series for more information on how to best earn and use your Ultimate Rewards points:
- Chase Ultimate Rewards Mall: Earn miles for regular shopping
- Card Review: Chase Freedom Card
- Card Review: Chase Sapphire Preferred
- Card Review: Chase Ink Bold/Ink Plus
- The Chase Ink Bold Triple Dip: Gift Cards, Staples, Ultimate Rewards Mall
- How to Transfer Ultimate Rewards Points to Airline and Hotel Partners
- The Best Chase Ultimate Rewards Airline Transfer Partners
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