Originally Posted by
aarif1
The best value is actually to save them until you apply (and are approved) for either a Chase Sapphire Preferred or an Ink Bold card, after which you will be able to transfer the Chase Ultimate Rewards Points (including the points from your Freedom card) to United, Hyatt, BA, etc.
If that's not feasible, I think Chase has gift card sales every once in a while where you can get better than 1 cent / point.
How that is possible? Do you get better conversion rate that way?
Those two cards have annual fee after the first yr!