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For the most part, every 100 points on your Chase Ultimate rewards credit or debit card is worth $1 — a penny a point. So, redemptions are often along the lines of a $25 gift card for 2,500 points. Shop carefully, though, some gift cards aren’t a great value at all. For instance, you can get a $10 Best Buy gift card for 1,200 points, which is lower than that $1 to every 100-point value. But there are also deals to be had if you shop the Chase Ultimate Rewards portal carefully.
Some of our top finds right now?
- 2,200 points for a $25 Applebee’s gift card
- 2,250 for a $25 Barnes & Noble gift card
- 2250 for 25 Bed, Bath & Beyond gift card
- Gaiam: 7X points
- 6X points: Sally Beauty supply, Steve Madden, Converse, New York & Company
- 5X points: Ulta, Columbia, GetOrganized.com, Shopbop.com, Hammacher Schlemmer, Mikasa, Overstock.com, Sears, Kohl’s, Underarmour
- Home improvements
- Lawn & Garden
- Home furnishings
When you select the menu choice of “Spotlight” in the Chase Ultimate Rewards Portal, you may expect to find some of the best redemption deals. Be cautious. Most of these are still only a penny-a-point.
Right now, Chase is spotlighting a Chicago Culinary Tour provided through Cloud9Living, where you’ll enjoy a guided walking tour and food tastings at seven renowned Chicago eateries. At $114 in a town known, this is an excellent price for a unique experience. And food is included — where else can you eat at 7 different restaurants for that price? But we should also note that the experience retails for $110 for two on the Cloud9Living website. You’re not saving money by using your points, but you can earn 110 points if you book the trip with your Chase card, instead.
Some of the best deals come when you use your card to earn rewards points. Many of these deals change weekly, so it pays to check into the Ultimate Rewards portal before you go shopping or make a purchase online.
Right now, Travelocity lets you earn 2 points per dollar, so if you’re getting ready to book a spring vacation, you can earn double points.
As I’m writing this, Chase is offering a number of sweet bonus deals when you order gift cards from top merchants. Here are several:
There are also a number of 2X, 3X and 4X bonus points offered. But the best deals are from Magazines.com, where the purchase of a gift certificate earns you 40X points per dollar, and Restaurant.com, where you can earn 12 points per dollar.
If you’re considering a purchase from any of these online retailers, it makes sense to buy the gift certificates for yourself, then buy what you want from the websites. The savings really adds up with discount websites like Restaurant.com, where you can get restaurant gift certificates at up to 50% off face value, and Magazines.com, which offers print magazine subscriptions at substantial discounts off newsstand prices.
And don’t forget to opt-in on April 1, 2011, to the Chase Rotating Rewards categories that earn you 5% cash back up to $1,500. The categories for April through June are:
Be sure to break out your Chase rewards card at Lowe’s, Home Depot, or your favorite local home improvement or gardening store to get cash back for all those spring projects. And now’s the perfect time to treat yourself to that new sofa and drapery you’ve been eying to give your home a spring face lift, isn’t it?