Chase Final Rewards program information 2024

Chase Final Rewards® is superior to its key rivals amongst journey rewards applications in the identical manner {that a} four-star lodge is superior to a three-star one. 

From the surface, a three- and four-star lodge could look precisely the identical. Heck, they might even have comparable revolving doorways that spill into indistinguishable lobbies. 

However when you’re inside lengthy sufficient, you begin noticing the distinction. The four-star lodge has a spa. Spin class. An even bigger pool. There’s a New York strip on the menu, and the entrance desk remembers your title. All these little upgrades mix to create a four-star expertise, and it’s the identical with Chase Final Rewards. 

In comparison with its strong (however not fairly as good) rivals, Chase Final Rewards merely has higher level values and extra methods to redeem your bank card factors. Its present card market has frequent gross sales, and its switch companions supply bonus multipliers. Maybe better of all, Chase doesn’t make you hunt for the very best redemption possibility on a given day—it presents you with a chart. 

Our level is, there are good little touches in every single place to make sure that you don’t need to “attempt” to have a great expertise with Chase Final Rewards—one is offered for you. 

That stated, we nonetheless have our niggles with it and rivals like Bilt Rewards are actually outpacing Chase when it comes to creativity and innovation. However total, it’s an outstanding program value becoming a member of if yow will discover the best card. 

So let’s dive deeper, beginning with the fundamentals.

What’s Chase Final Rewards? 

Chase Final Rewards is Chase’s bank card rewards program. Although maybe missing in modesty, it manages to deserve the “final” moniker by way of sheer high quality.

On the floor, Chase Final Rewards works similar to each different bank card rewards program. Use an eligible Chase card—co-branded Chase airline bank cards don’t qualify, for instance—earn factors, money them in for goodies like flights, lodges, money again, music competition tickets, Finest Purchase procuring, again massages and extra. 

However from there, Chase does all the pieces just a bit bit higher than its contemporaries. From level values to transparency, redemption choices to present card gross sales, Chase Final Rewards stands out in ways in which others ought to observe. 

Which Chase playing cards supply Chase Final Rewards factors in 2024? 

Right here’s an inventory of private (aka non-business) Chase bank cards that supply Chase Final Rewards: 

It’s a surprisingly quick record as a result of most of Chase’s practically 30 private bank cards generate airline miles, lodge factors, Amazon-only factors or just don’t generate factors in any respect (within the case of the credit-building Chase Slate Edge℠). So if you wish to generate Chase Final Rewards, you’ll need one in every of Chase’s 5 “authentic band members” listed above. 

Word that whereas a few of these playing cards are branded as cash-back playing cards, if you take a look at their phrases, you’ll see they really earn factors—with every level value 1 cent upon redemption. That stated, you need to maintain one of many Sapphire playing cards to completely unlock the Final Rewards program’s full potential, reminiscent of transferring factors to airline and lodge companions.

Chase Final Rewards professionals and cons

Chase Final Rewards factors defined

Chase Final Rewards factors are the first foreign money of the Chase Final Rewards program. You’ll earn them through the use of your eligible Chase card for purchases, assembly the standards to your card’s welcome bonus, and so on.—and you may redeem them for flights, lodges, money again, charitable donations, Apple mice and extra by way of the Chase Final Rewards portal. 

Factors are at all times value not less than a penny every in money again/assertion credit score, so for instance you possibly can relaxation assured that the 2X you earn together with your Chase Sapphire Most well-liked (on journey not booked by way of Chase) actually does translate to a rewards charge of not less than 2% money again. 

From there, you received’t need to look far to discover a redemption possibility that enhances your values even additional—and Chase does a great job of displaying you precisely how and the place you may get additional worth out of your factors within the Extra Methods to Redeem display (pictured beneath). 

You’ll even have the choice to switch factors 1:1 to 14 totally different loyalty program companions reminiscent of United MileagePlus and World of Hyatt. Sadly, nevertheless, Chase solely permits level transfers you probably have the Chase Sapphire Most well-liked, Sapphire Reserve or Ink Enterprise Most well-liked playing cards—all of which have an annual price. 

Nonetheless, it’s an extremely robust rewards program with solely minor caveats to think about.

earn Chase Final Rewards factors

There are three main methods to earn Chase Final Rewards factors: 

• Use your Chase bank card – Utilizing one of many 5 playing cards listed above can web you anyplace from 1X to 5X per greenback spent on varied purchases. There’s even the prospect to earn a charge as excessive as 10X in very particular instances (utilizing the Sapphire Reserve for eligible lodge and rental automotive bookings by way of Chase Journey℠).
• Rating that hefty welcome bonus – Usually, the Final Rewards-earning playing cards in Chase’s portfolio include welcome bonuses starting from 20,000 factors to 60,000 factors, although in fact affords fluctuate over time. For instance, up to now the Sapphire Most well-liked has supplied a bonus as excessive as 100,000 factors.
• Maximize your rotating rewards – In case you maintain the Freedom Flex, you’ll earn 5X on as much as $1,500 of purchases made inside the card’s rotating rewards classes each quarter you bear in mind to activate the brand new class. For instance, the bonus spending class for Q2 2024 (April 1 by way of June 30) is spending at Amazon.com, lodges and eating places. 

When you’ve amassed a pleasant pile of Chase factors, how will you spend them? Let’s have a look.

Chase Sapphire Most well-liked^® Card

Intro bonus

75,000 bonus factors after you spend $4,000 on purchases within the first 3 months from account opening.

Annual price	$95
Common APR	21.49%–28.49% variable

redeem Chase Final Rewards factors

Chase provides you a litany of how to spend your Final Rewards factors, together with: 

• Journey booked by way of the Chase Journey portal, together with lodges, flights, automobiles, cruises and “actions” like meals excursions. 
• Pay Your self Again, aka use factors to cowl sure purchases in your assertion. 
• Present playing cards to over 200 corporations together with Airbnb, Lowe’s, DoorDash and—in fact—Amazon. Chase additionally has “gross sales” on present card redemption the place you may get choose $25 playing cards for two,250 factors (for instance). 
• Chase Eating, aka ordering takeout or reserving culinary experiences with Chase’s eating companions. 
• Money again at a charge of a penny per level, acquired as assertion credit score or deposited to the checking/financial savings account of your selection. 
• Pay with Factors throughout checkout with PayPal or Amazon, however the redemption charge is often lower than a penny per level. 
• Store Apple which is precisely what it seems like—shopping for Apple merchandise. 
• Mix factors, aka shifting factors from one bank card account to a different (e.g. shifting out of your Freedom Flex to your Sapphire Most well-liked so you may get an additional 25% redemption worth when reserving journey by way of the portal). 
• Transfers to Chase’s 14 whole switch companions (listed beneath), all at a 1:1 ratio. Simply remember the fact that you possibly can solely switch factors you probably have a Sapphire Most well-liked, Sapphire Reserve or Ink Enterprise Most well-liked card. 
• Charitable donations to organizations like American Crimson Cross, United Approach and World Central Kitchen. Plus, donations by way of June 30, 2024 get a 25% bonus multiplier. 
• Experiences reminiscent of tickets to stay leisure, sporting occasions, and personal eating periods. 

That’s fairly an enormous menu and it begs a easy query: which one is greatest? Which possibility will allow you to eke probably the most worth out of your hard-earned Chase Final Rewards factors? 

How a lot are Chase Final Rewards factors value? 

On the subject of level values, Chase Final Rewards units an instance for others to observe. 

That’s as a result of it doesn’t matter what, your factors are at all times value not less than a penny every as a press release credit score to your card or a direct deposit to a checking account. Meaning incomes 1X or 5X together with your Chase Freedom Flex actually does translate to 1% or 5% money again if you really want it. 

Evidently, anchoring your level values to a penny every lends peace of thoughts, makes psychological math at checkout simpler and easily raises the general worth of your factors in comparison with different applications. To place issues into perspective, American Categorical Membership Rewards factors solely have a cash-back worth of 0.6 cents every. 

As well as, it’s not laborious to stretch Chase Final Reward level values past a penny every. In case you head to your Chase Final Rewards dashboard and click on Extra Methods to Earn, Chase will present you ways a lot your factors are value in direction of every main redemption possibility. Word that Journey and Pay Your self Again have elevated worth connected, and none of those choices consider momentary gross sales and promos (e.g. buying an Airbnb $25 present card for two,250 factors when such a sale is obtainable). 

However as is often the case with bank card rewards, your best-value redemption possibility may very well be to switch factors to a different program completely. So let’s wrap up our redemption convo by briefly protecting Chase’s 14 switch companions—and the massive, fats caveat that comes with them.

Chase Final Rewards switch companions

As promised, right here’s an entire record of Chase’s switch companions as of this writing. The aforementioned “huge, fats caveat” is that you could solely switch factors to one in every of these applications you probably have the Chase Sapphire Most well-liked, Sapphire Reserve or Ink Enterprise Most well-liked playing cards. 

In case you do, nevertheless, you’re in for a deal with. Chase Final Rewards factors at all times switch at a ratio of not less than 1:1, and also you’ll typically discover a 25% bonus multiplier someplace on this web page (for instance, on the time of writing, there’s one with Air France KLM). 

Lodges

• IHG Lodges & Resorts
• Marriott Bonvoy
• Hyatt

Airways

• Aer Lingus
• Air Canada
• British Airways
• Emirates
• Air France KLM
• Iberia
• JetBlue
• Singapore Airways
• Southwest
• United Airways
• Virgin Atlantic

How Chase Final Rewards compares to different applications

Chase Final Rewards is an outstanding bank card rewards program. Objectively talking, it both meets or beats its rivals in just about each manner with solely minor exceptions. 

For starters, we love how factors are at all times value not less than a penny a pop in money again should you want it. That’s additionally the case with Wells Fargo Rewards, however not with Amex Membership Rewards (0.6 cents) or Bilt Rewards (0.55 cents). 

Chase will even present you ways a lot your factors are value in direction of every redemption possibility—on a single display—so that you don’t need to preserve seven tabs open with a calculator to seek out the best choice. 

Plus, whereas some rival applications will give you the choice to commerce factors for present playing cards at a charge of lower than 1 cent every (begging the query: why?), Chase does the alternative, providing “gross sales” on present playing cards the place you possibly can commerce 1,800 factors for $20, 2,250 for $25, and so on. that means you web greater than a penny per level in worth.  

In a nutshell, Chase Final Rewards factors are excessive worth, straightforward to earn, satisfying to redeem and particularly potent when used for journey. The playing cards you’ll use to generate them vary from rock strong to wonderful (see our critiques linked above), and even should you let your factors sit till your second honeymoon, they’ll by no means expire on you so long as you will have an account open. 

We do want that Chase would open up its switch companions to non-Sapphire cardholders—and maybe someday, it may allow you to apply factors in direction of your mortgage down cost ala Bilt Rewards. 

However till then, it’s a near-perfect program with huge rewards potential. Do beware when making use of for brand new playing cards that the financial institution operates one thing often known as the Chase 5/24 rule. This unwritten rule means should you’ve opened 5 or extra private bank cards from any issuer up to now 24 months, you’ll be rejected for a Chase card.

If not less than one of many 5 Chase playing cards listed earlier within the article is a match to your pockets or purse, you’re in for a four-star rewards expertise. And should you’re keen to place within the work to hold a number of Final Rewards-earning playing cards after which pool the factors to maximise your redemptions, you possibly can actually go far with this program. 

Fortune Recommends™ has partnered with CardRatings for our protection of bank card merchandise. Fortune Recommends™ and CardRatings could obtain a fee from card issuers.