From the desk of the Devil's Advocate… Recently I've been criticizing Chase Ultimate Rewards, writing about how they're falling behind many of the other major bank programs such as Citi ThankYou and Amex Membership Rewards. I won't relitigate those arguments here -- if you want to know why I think this is true, check out "It's Time to Put the Chase Sapphire Preferred in the Sock Drawer" and "While Chase is Tightening … [Read more...]
Posts about "Ultimate Rewards"
These are the posts I've written about Ultimate Rewards, a program used by several Chase credit cards. Points can be transferred to a variety of other loyalty programs.
From the desk of the Devil's Advocate… I have to admit I write a lot of nonsense. It comes with the territory of arguing against normally well-reasoned Conventional Wisdom. But occasionally I hit the mark. And in looking back at the year that was 2015, I think there were a couple of times I found a valid target. So today I'm not only reviewing the topics where I think I got it right, but I'll make some predictions … [Read more...]
Although I wrote earlier about the great new offer for 50,000 Ultimate Rewards points when you get the Chase Sapphire Preferred card, holiday shoppers should also consider the Chase Freedom. It's another card that earns Ultimate Rewards points and has no annual fee. However, this card is more oriented toward shopping than travel. Most purchases earn just one point per dollar with no cap, but every quarter Chase … [Read more...]
Chase announced new rules last week that affect the ability to transfer your Ultimate Rewards points to an outside loyalty program such as United MileagePlus or Hyatt Gold Passport. It's important to note that these rules DO NOT affect your ability to transfer Ultimate Rewards points between different cards within Chase; the consequences are for external transfers only. However, given the hard line that Chase has … [Read more...]
From the desk of the Devil's Advocate… There's been an upheaval in the miles and points community over the last few months because Chase has drastically tightened up on the endless churning of their Ultimate Rewards credit cards. The new rules, according to multiple sources, appears to be some variation on what's being referred to as the 5/24 rule, which means if you've had more than 5 new cards overall (not just … [Read more...]
For the infrequent traveler -- and even some of the most frequent travelers -- it makes sense to accumulate points with a generic bank rewards program rather than a specific loyalty program affiliated with an airline or hotel. What I'm referring to are programs like Chase Ultimate Rewards, Amex Membership Rewards, and Citi ThankYou Rewards. Yes, they do say that you can redeem them for any flight at any time -- they … [Read more...]
Diversification is an important tool when making any kind of investment. Frequent flyer miles are a horrible investment because they are almost universally devalued with time, but the description remains accurate. Miles and points and acquired today with the hope that they may be used for future travel worth more than their original cost. Accumulating miles in more than one program reduces the risk that you'll suffer … [Read more...]
This is a basic question, but one asked often enough that it deserves a public answer. Hopefully some of you beginners will find it helpful. If you’re interested, you can also learn my by coming to hear others and me speak at Frequent Traveler University this December, in Washington, DC. Tom wrote in last month asking more about “points,” I.e., the loyalty currencies you can earn other than frequent flyer miles. … [Read more...]