Liquidating Chase UR
 

Hi, Im new here


Not sure if this is the right thread for this, if it’s not pls feel free to redirect me

I have about 950k chase UR (between me and wife) been accumulating for about 8 years. We barely travel so I don’t want to save them for that. We now have freedoms, inks and 1 preffered.
I was trying to hit a million but now I’m hearing some stuff about sapphire reserve value is changing and I don’t want to lose out.

So #1 - is there a difference in price per point if I sell it at 1 million vs 950k ?
#2 - is there a difference in how much I get per point based on what card I sell it from ? (My choices would be either freedom, preffered, or maybe get a reserved just to sell them for more money) if there is a difference then how much

#3 - is it risky to sell all my chase points? Will they shut me down? I have never sold any before

Thank you all for your help

Welcome to Flyertalk.

You can redeem the points directly through Chase for $0.01 each. If you redeem via Sapphire Preferred for travel through the Chase Travel Portal they are worth $0.0125/each. (If you already had a Sapphire Reserve Card the Travel Portal value would have been $0.015, but that does not apply to newly opened Reserve accounts.) Alternately, points can be Transferred to airline or hotel programs, and could be worth more that way, but only if you travel.

Thank you Mia. I understand i can liquidate them through chase for .01 and I don’t travel so the .0125 dosent help me. My questions are regarding selling them to a broker

A broker will most likely ask you to Transfer the points to an account in your own name at an airline program, and then to redeem from that program for a ticket in the name of a stranger. This will violate the airline program terms, and there will be an unambiguous link to you. Is this approximately what the broker has proposed?

I haven’t spoken to any brokers but I have read online that what you described is what they do. I am ok with that. I am asking in terms of financial questions

I have about 950k chase UR (between me and wife) been accumulating for about 8 years. We barely travel so I don’t want to save them for that. We now have freedoms, inks and 1 preffered.
I was trying to hit a million but now I’m hearing some stuff about sapphire reserve value is changing and I don’t want to lose out.

So #1 - is there a difference in price per point if I sell it at 1 million vs 950k ?
#2 - is there a difference in how much I get per point based on what card I sell it from ? (My choices would be either freedom, preffered, or maybe get a reserved just to sell them for more money) if there is a difference then how much

#3 - is it risky to sell all my chase points? Will they shut me down? I have never sold any before

what exactly are you ok with? violating the t&cs or getting your airlines & hotels loyalty programs terminated, awards cancelled, remaining points forfeited, and potentially not receiving payout from the brokers?

lol Im ok w violating the t&c as long as I get paid

If you suddenly out of nowhere transfered 1 million points to an airline and bought tickets for other people for the first time, there's a decent change that you'll be banned from those airlines and forfeit the points. I know people who've been banned. I don't think it's worth it frankly.

As for chase, I wouldn't want to do anything that risks getting credit cards shut.

Someone did a fraudulent transaction on my account 2 months ago and it's been a nightmare. Chase has been asking me to prove my identity every few days and it's been a nightmare because I have addresses all over the world and don't have a US number. So I sound shady every time they have to verify my identity

Yesterday they told me I had to go in person to an outlet to prove my identity. Luckily for me I'm actually in the US right now and can do this easily. But I'm not sure if be able to live life without chase credit cards.

I have foreign credit cards but the US ones are the best. To mitigate my risk, I'll probably open Citi and amex ones this week.

I personally wouldn't do anything that'd risk 1) getting shut by Chase 2) losing all points.

But brokers I've heard usually do pay.

this is very true

not sure about this, because since OP will most probably transfer to an airline and the airline detect fraud and ban him? so chase maybe unaffected

im not so sure about this. if you get banned by the airlines, and the award tickets are revoked, then im not so sure tha broker wil pay you. also, i have heard a few stories where the brokers just hang their customers out to dry when things go south, most likely when the seller got caught, so customers paid but didnt get a ticket or was given an alternative that they didnt want. giventhe shady nature of their business and stories like this, i see every transaction as a huge risk

you are 100% violating the t&c, but you are not 100% getting paid

If the points just come from chase to an airline, there's a chance the airline will cooperate with chase

If you barely travel why accumulate so much spend on a card that accrues UR points instead of straight cash back in your pocket?

do you happen to know otherwise? i know of people who have been banned from some ffps (mostly sq and cx, af also) and none of their bank accounts (not chase) is affected. i also see no mention of bank accounts being shut down when reading acedotes of people who got banned from ffps

i also find it a stretch that bank will shut down customers for this. dont forget that from chase's perspective, everything up until the transfer is legit. airlines have spotty fraud detection and often do little to no investigation. sometimes they even use their ffp as leverage when in dispute with the customers. can chase and do chase really want to shut down customers based on that?

I have no firsthand knowledge but I'm literally sitting in a chase outlet now to prove my identity because I've been flagged for fraud on 10+ transactions in the last month. They won't let me open credit cards or transfer points easily.

it sounds like you are flagged for fraud for credit card transactions which is 100% chase's business. this is completely different from airlines flagging you for fraud