"Cashing In" Chase points...
May 5, 2024 | 12:38 pm
#1
Original Poster
Join Date: May 2002
Location: St Louis, MO
Programs: AA L.T. PLT
Posts: 3,913
"Cashing In" Chase points...
If I want the cash value for my Chase points I let them know and they will send me .01 for every point. And just to be clear, even if I have the points in a CSR, it's still going to be .01?
The only reason I bring it up is that I ran into a conversation somewhere else and the person was saying it was .015 if you had the CSR.
Thanks
The only reason I bring it up is that I ran into a conversation somewhere else and the person was saying it was .015 if you had the CSR.
Thanks
May 5, 2024 | 1:01 pm
#3
Original Poster
Join Date: May 2002
Location: St Louis, MO
Programs: AA L.T. PLT
Posts: 3,913
May 5, 2024 | 1:07 pm
#4
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,669
You can get up to 1.5 cents using Pay Yourself Back. Most categories are now 1.25 cents but it was much more lucrative during the early days of the pandemic.
May 5, 2024 | 4:53 pm
#5
Join Date: Feb 2023
Posts: 134
You can also transfer points to travel partners; point values will vary from partner to partner:
https://thepointsguy.com/guide/chase...sfer-partners/
https://thepointsguy.com/guide/chase...sfer-partners/
May 5, 2024 | 4:56 pm
#6
FlyerTalk Evangelist
Join Date: Dec 2003
Location: Not here; there!
Programs: AA Lifetime Gold
Posts: 35,044
Do you anticipate a need for future air travel or hotel stays? Converting Chase UR points to World of Hyatt points can yield good value. The value in converting to airline frequent-flyer miles can be very variable, depending on route and class of service -- and award availability, of course.
May 5, 2024 | 6:45 pm
#7
Original Poster
Join Date: May 2002
Location: St Louis, MO
Programs: AA L.T. PLT
Posts: 3,913
Do you anticipate a need for future air travel or hotel stays? Converting Chase UR points to World of Hyatt points can yield good value. The value in converting to airline frequent-flyer miles can be very variable, depending on route and class of service -- and award availability, of course.
May 7, 2024 | 7:03 am
#8
Join Date: Aug 2014
Posts: 1,520
If you have the CSR it's essentially 1.25x PYB which is why a lot of people (for one reason or another) who aren't currently traveling and have been stacking Ink referrals/SUB's can unload on places they would typically spend from gas stations, the warehouse entry this quarter is also a nice touch for those of us that use them, and also the annual fee. 1.25x isn't great but if you aren't traveling it's a nice feature for this demo of people.
Apr 26, 2025 | 8:24 pm
#9
Join Date: Jul 2014
Location: JRF
Programs: HA Gold, AA Gold, Marriott Platinum, Hilton Gold, National Executive Elite
Posts: 1,967
I have a $10,000 vet charge coming due and am about to cash out a million Ultimate Rewards (1x) to pay for it. The last time I did this was when Sapphire Reserve let you redeem at 1.5x for supermarket/groceries. Is there a better alternative for me other than getting a Schwab Amex Platinum to do the same from the Amex side at 1.1x?
Apr 27, 2025 | 3:44 pm
#10
Join Date: Jul 2010
Posts: 1,337
I have a $10,000 vet charge coming due and am about to cash out a million Ultimate Rewards (1x) to pay for it. The last time I did this was when Sapphire Reserve let you redeem at 1.5x for supermarket/groceries. Is there a better alternative for me other than getting a Schwab Amex Platinum to do the same from the Amex side at 1.1x?
Apr 27, 2025 | 6:38 pm
#11
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,745
Yup. Here are a few: https://www.nerdwallet.com/best/cred...RoCFHIQAvD_BwE
Apr 27, 2025 | 9:44 pm
#12
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,888
Apr 28, 2025 | 8:55 am
#13
FlyerTalk Evangelist
Join Date: Aug 2002
Location: Intermountain West
Programs: Too many to list
Posts: 12,745
A couple of us were responding to his last sentence: Is there a better alternative for me other than getting a Schwab Amex Platinum to do the same from the Amex side at 1.1x?.
Apr 28, 2025 | 9:24 am
#14
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA, IHG & Marriott Platinum; DL & HH Gold
Posts: 51,888
Understood, but opening a 2% card does not allow msp3 to redeem their existing rewards at a higher rate.