The Chase Freedom and Freedom Unlimited aren't just cash-back cards — here's how you can turn their rewards into travel points

Card Group — Chase Sapphire Reserve Chase Freedom Unlimited Chase Ink Business Preferred_01 1

The
Chase Freedom
and
Chase Freedom Unlimited
cards are two fantastic options if
you’re looking for a cash-back
credit card
. However, if you’re interested in upgrading to
travel rewards points — which can be more valuable than straight
cash — it’s possible to convert anything you earn with the

Chase Freedom-brand cards
.

Why you might want Chase points instead of cash back

Certain other cards from Chase — including the
Chase Sapphire Preferred
,
Chase Sapphire Reserve
, and
Chase Ink Business Preferred
— earn rewards points within
Chase’s loyalty ecosystem, “Chase Ultimate Rewards.” When you have
one of these cards, there are three main different ways to
redeem your points
.

The first option is the simplest: You can redeem points for 1
cent each toward cash, gift cards, or purchases.

The next option is to use points to purchase travel through
Chase, which features a travel-booking portal on the Ultimate
Rewards website. This site works the same way as any major online
travel agency — you can book anything from flights or hotels to
rental cars or cruises — except that you can use points, or a
combination of points and your credit card, to book.

Depending on which card you have, you get a bonus on your
points’ value when you use them to book travel through Chase. If
you have the Sapphire
Preferred
 (or certain small business cards like the Ink
Business Preferred
), you’ll get a 25% bonus on points used
toward travel — in other words, those points will be worth 1.25
cents each. With the
Sapphire Reserve
, the bonus for travel purchases is 50%, making
your points worth 1.5 cents each.

The third option when you have any of those premium Chase cards
is to transfer your points to one of Chase’s nine airline frequent
flyer or four hotel loyalty partners. Typically, that’s the most
valuable way to redeem your points, since booking frequent flyer
“award tickets” is different than buying reservations outright —
you can
read more about how it works here
.

In most cases, the cash price and the miles price of a ticket
aren’t linked, so it’s possible to get exponentially increased
value from your points by transferring them and booking an award
ticket instead. That means potentially being able to fly long-haul
in first or business class with points, among other things.

How to turn cash back into valuable Ultimate Rewards points

Good news: If you have a Freedom card, you already have Ultimate
Rewards points!

While Chase markets the
Freedom-branded cards
as “cash back,” they actually earn
Ultimate Rewards points. They’re just limited to the first
redemption option — cash, gift cards, or even travel at 1 cent
per point.

However, because Chase lets you move your Ultimate Rewards
points freely between any cards you have, you can get the travel
portal bonus or transfer them to frequent flyer partners simply by
moving them onto a Sapphire or relevant Ink card.

Just log in to your Chase account, click on Ultimate Rewards,
click on any of your cards, and click “Combine Points” in the
top-right corner. Move your points from the Freedom card to the
Sapphire or Ink, and you’re good to go.

I know a lot of people who have been using a
Freedom card
for years and haven’t redeemed any cash back yet
— if they open a Sapphire card, too, they can get a surprising
amount of free travel for those points.

The other benefit is that the
Freedom
and
Freedom Unlimited
both earn points in different ways than the
Sapphire or
Ink
cards, so you can take advantage of this to earn more. For
instance, use a
Freedom card
to earn 5% cash back (or 5x points) in the
quarterly bonus category after activation, use a
Sapphire Reserve
to earn 3x points on travel and dining, and
use a
Freedom Unlimited
to earn 1.5% (or 1.5x points) on everything
else.

If you’re looking for inspiration on how to use your points,

take a look at a few options here
, and if you’re looking to
open a new card or earn new sign-up bonuses, check out our
list of the best Chase cards and sign-up bonuses available
.

Click
here to learn more about the Chase Freedom from our partner The
Points Guy.

Click here to learn more about the Chase Freedom Unlimited from our
partner The Points Guy.

Click here to learn more about the Chase Sapphire Preferred Card
from our partner The Points Guy.

Click here to learn more about the Chase Sapphire Reserve from our
partner The Points Guy.

Click here to learn more about the Ink Business Preferred card from
our partner The Points Guy.


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Source: FS – All-Travel destinations-News
The Chase Freedom and Freedom Unlimited aren't just cash-back cards — here's how you can turn their rewards into travel points