Chase Ultimate Rewards 2020 Complete Guide

Chase’s Ultimate Rewards points can be earned via credit card spend and new account bonuses. Those points can then be transferred to airline or hotel partners, used to pay for travel or merchandise, or converted to cash back.  Chase Ultimate Rewards competes directly with other bank issued transferable points programs:

Below, you’ll find everything you need to know about Chase Ultimate Rewards, edited and updated for 2020.

Earn Points

Credit Cards

The easiest and quickest way to earn Ultimate Rewards points is through Chase credit card signup bonuses, category bonuses, and retention offers (though Chase is not known for generous or frequent retention offers).  Below are the current Chase cards that earn Ultimate Rewards.  Of particular note are cards that earn 3X to 5X rewards within certain categories of spend: Chase Ink Cash (5x at office supply stores and on internet, cable, and phone services (cellular/landline) on up to $25K in purchases each year), Chase Freedom (rotating 5x categories each quarter), CSR (3x travel and dining), Chase Ink Business Preferred (3x travel, shipping, internet, cable, phone, and advertising with social media sites on up to $150K per year). See our best category bonuses page for more detail and comparison.


Chase Ink Business Preferred Card

80K points
80K after $5K spend in 3 months

$95 Annual Fee

This card is known to be subject to Chase’s 5/24 rule.

Recent better offer: This is the best public offer we’ve seen. A 100K offer is sometimes available in-branch through a Business Relationship Manager.

FM Mini Review: Great card for signup bonus and 3X categories. Also consider the no-fee Chase Ink Cash for its 5X categories, and the no fee Ink Business Unlimited to earn 1.5X everywhere.


Card Type: Visa Signature Business

Base

Travel

Phone

Biz

Earning rate: 3X travel, shipping, internet, cable, phone, and advertising with social media sites (up to $150K spend per year)

Noteworthy perks: ⚬ Points worth 25% more when redeemed for travel ⚬ Cell phone protection against theft or damage

See also: Chase Ultimate Rewards Complete Guide

Chase Sapphire Preferred Card

60K points
60K after $4K spend in the first 3 months

$95 Annual Fee

FM Mini Review: Great signup bonus. This may be the single best “starter card” for those eager to get into miles & points.


Card Type: Visa Signature

Base

Travel

Dine

Earning rate: 2X Travel and Dining

Noteworthy perks: Primary auto rental collision damage waiver

See also: Chase Ultimate Rewards Complete Guide

Chase Ink Business Unlimited

FM Mini Review: Great to earn 1.5X Ultimate Rewards in categories with no bonuses. Excellent companion card to Ink Business Preferred, Sapphire Reserve or Sapphire Preferred!


Card Type: Visa Signature Business

Base

Earning rate: 1.5X on all purchases.

See also: Chase Ultimate Rewards Complete Guide

Chase Ink Business Cash Credit Card

FM Mini Review: This one should be in everyone’s wallet. Incredible signup bonus for a no-fee card. Great card for 5X categories. Excellent companion card to Sapphire Reserve or Sapphire Preferred!


Card Type: Visa Signature Business

Base

Dine

Gas

Phone

Office

Earning rate: ⚬ 5X office supplies ⚬ 5X cellular/landline/cable (on up to $25,000 in total purchases in 5x categories annually) ⚬ 2X gas and restaurants

See also: Chase Ultimate Rewards Complete Guide

Chase Sapphire Reserve Card

50K points
50K after $4K spend in 3 months

$550 Annual Fee

FM Mini Review: Excellent all-around card for frequent traveler. Best when paired with no-fee Chase Freedom, no-fee Freedom Unlimited & no-fee Chase Ink Cash


Card Type: Visa Infinite

Base

Travel

Dine

Earning rate: 3X Travel and Dining

Noteworthy perks: $300 Annual Travel Credit ⚬ Points worth 1.5 cents each towards travel ⚬ Primary auto rental…

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