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Are CSR Portal Redemptions Getting 15% Better? Rumored Increase To 1.75 Cents Per Point
Chase Ultimate Rewards points are one of the most valuable currencies. The reason for that is versatility and value that you can get out them. One of the easiest options to use your points for travel is the Chase Ultimate Rewards Travel Portal. Depending an which Chase credit card you have, you can get a value of anywhere between 1 cent and 1.5 cents per each Ultimate Rewards point.
But that could soon change, and for the better. A rumor, coming from FICO Forums, says that the value of Ultimate Rewards points could be increased for those who have a Chase Sapphire Preferred or Chase Sapphire Reserve credit card. If this rumor is true, you would be able to redeem points at 1.5 cents and 1.75 cents respectively through the Chase Ultimate Rewards Travel Portal.
Not only would this boost the value of the CSP and CSR cards but also other Ultimate Rewards earning credit cards such as Chase Freedom and Chase Freedom Unlimited. You can transfer those points to a CSP or CSR card and use them at a value of 1.5-1.75 cents each.
This is clearly just a rumor, and it’s described as coming for a Facebook Award Travel group. It’s hard to see Chase adding this value to Ultimate Rewards points and not balancing it out by taking something away. But let’s hope for the best. Maybe the rumor is true and maybe it’s just their way of making the Ultimate Rewards program even more competitive.
Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.