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Several Chase credit cards earn Ultimate Rewards points that can be redeemed in a number of ways, including for award travel. You may be familiar with the Chase credit card combo of Chase Freedom and Chase Sapphire cards, such as the Chase Freedom Unlimited® and Chase Sapphire Preferred® Card. It’s possible to transfer your Freedom Unlimited points to the Sapphire Preferred for better redemption options.
No annual fee: Chase Freedom Unlimited®
100,000 Bonus: Chase Sapphire Preferred® Card
Chase Freedom Unlimited Benefits
The Chase Freedom Unlimited doesn’t seem to offer the most exciting benefits at first glance. It’s a flat rate cash rewards credit card.
But you can earn more on non-bonus spending when your go-to Chase Sapphire Preferred only earns the base rate of 1 point per $1.
Earn Up to 5 Ultimate Rewards per $1
- 5% back on travel purchased through Chase Ultimate Rewards
- 3% back on dining (includes takeout and eligible delivery services)
- 3% back on drugstore purchases
- 1.5% back on everything else
Each Chase Freedom Unlimited® purchase earns between 1.5 and 5 points per $1. The Sapphire Preferred may only earn 2x points on similar purchases that the Freedom Unlimited earns 3x or 5x points on.
However, the Freedom Unlimited points are only worth 1 cent each when redeemed for award travel booked on Chase Ultimate Rewards and for cash redemptions. Gift cards and online shopping credit rewards are only worth 0.8 cents each. Plus, you cannot transfer Ultimate Rewards points to the 1:1 airline and hotel transfer partners via Freedom Unlimited. But, you can transfer to the Sapphire cards which can then transfer to the Chase travel partners (more on that below).
Chase Freedom Unlimited Signup Bonus
New Chase Freedom Unlimited® cardholders can earn a $200 bonus after spending $500 on purchases in the first 3 months from account opening. Plus, they can earn 5% cash back on grocery store purchases (not including Target® or Walmart® purchases) on up to $12,000 spent in the first year.
Related: Chase Freedom Unlimited Review
Chase Sapphire Benefits
The Chase Sapphire Preferred earns up to 5x points per $1 on purchases but has more valuable redemption options.
- 5x points on Lyft rides, through March 2022
- 2x points on travel and dining worldwide (including takeout and delivery)
- 1x points on everything else
Each point is worth 25% more (1.25 cents each) when booking award travel on Chase Ultimate Rewards. You can also transfer Sapphire points to airlines and hotels at a 1:1 ratio.
Through Sept. 30, 2021, Chase Sapphire Preferred® Card cardholders can also redeem Ultimate Rewards as a 25% bonus statement credit for eligible purchases. Normally, each Sapphire point is only worth 25% for cash statement credits. But you can get the redemption bonus when you erase these qualifying purchases.
Additional Chase Sapphire Preferred benefits include unlimited deliveries with no delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with a DoorDash DashPass subscription. Activate your card by December 31, 2021.
Plus, cardholders can earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021.
As you can see, transferring your Freedom Unlimited points to the Sapphire Preferred can help you get the maximum value from your Ultimate Rewards when you earn and redeem them.
Chase Sapphire Preferred Signup Bonus
New Chase Sapphire Preferred® Card cardholders can earn 100,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $1250 when you redeem through Chase Ultimate Rewards®.
Related: Chase Sapphire Preferred Review
How to Transfer Freedom Unlimited Points
If you’re thinking about applying for the Chase Sapphire Preferred, you can continue accumulating Freedom Unlimited points now and transfer them to your Sapphire account later.
It’s free to transfer your points and there isn’t a transfer minimum like the 1,000-point minimum for the Ultimate Rewards travel transfer partners.
Step 1: Log Into Chase Freedom Unlimited Account
The first step is to log into your Chase account at Chase.com or using the Chase mobile app.
From here, you go to your Chase Freedom Unlimited® account.
Step 2: Choose “Combine Points”
Under the “Earn/Use” button once you access your Ultimate Rewards account, tap the “Combine Points” option.
Step 3: Enter Sapphire Preferred Card Details
The next step is entering the cardholder’s last name and card number of the Chase Sapphire Preferred® Card.
You will need to certify if the Sapphire Preferred card belongs to you or another person in your household.
It’s also possible to transfer your points to other consumer and business cards that earn Ultimate Rewards including:
Step 4: Complete Transfer
The final step is to complete the transfer after linking the card accounts. The transfer should complete almost instantly.
Ultimate Rewards Transfer Rules
Current guidelines let you transfer your Freedom Unlimited points to another Chase Ultimate Rewards account that you hold or another household member has.
You will check a box during the transfer process certifying, you’re transferring your points to a qualifying credit card account.
Violating the transfer rules can result in the immediate closure of your Freedom Unlimited credit card. You may also get a temporary suspension from earning future Ultimate Rewards.
Prohibited transfer reasons include:
- Buying or selling Ultimate Rewards
- Transferring to an unauthorized non-household account
- Repeatedly opening the same credit cards for generating points
Many people convert their Freedom points into Sapphire points. A standard transfer shouldn’t raise any red flags with Chase.
Should You Transfer Points to the Sapphire Preferred?
There are several reasons that it makes sense to transfer your points to the Chase Sapphire Preferred® Card.
25% Travel Redemption Bonus
Each Sapphire Preferred point is worth 1.25 cents each when booking award travel using Chase Ultimate Rewards. Freedom Unlimited points are only worth 1.00 cents each.
1:1 Point Transfers
Only Chase Ultimate Rewards credit cards that have an annual fee have 1:1 point transfer capability to airlines and hotels. The Chase Freedom Unlimited® doesn’t charge an annual fee and therefore doesn’t support points transfers to travel partners.
Some of the transfer partners include:
- United Airlines
- Southwest Airlines
- World of Hyatt
- IHG Rewards Club
- Marriott Bonvoy
Related: Chase Ultimate Rewards review
No Transfer Fees
There are no transfer fees for Ultimate Rewards transfers between Chase accounts.
Chase Pay Yourself Back
The Chase Sapphire Preferred is a travel reward credit card. But people are not traveling as much these days due to the global health situation.
The Chase Pay Yourself Back feature lets Sapphire cardholders get the travel redemption bonus on common daily purchases.
This feature currently expires on Sept. 30, 2021, and Chase hasn’t said if they will extend it further. The promotion has been extended in the past.
Points are also worth 25% more when redeemed through the Chase Dining hub in Ultimate Rewards, now through Sept. 30, 2021.
When Not to Transfer Points to Sapphire
Here are some instances of why you wouldn’t transfer your Freedom Unlimited points.
Redeeming Points for Cash Rewards
Cash statement credits and bank deposits for either card are only worth 1 cent each. Transferring your Freedom and Freedom Unlimited points is worth it when you can take advantage of the 25% travel redemption bonus or 1:1 point transfers.
Maximizing the limited-time Pay Yourself Back purchase credit bonus is worth it too.
Can’t Transfer to a Qualifying Card Account
It’s not worth transferring your Ultimate Rewards to an ineligible account and risking account closure. Ultimate Rewards are some of the most valuable credit card points and closing a credit card can temporarily damage your credit history too.
Transferring your Chase Freedom Unlimited® points to a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® is free and effortless. If you’re transferring to another card in your wallet, you can complete the process within a few minutes and access more valuable redemption options.
No annual fee: Chase Freedom Unlimited®
100,000 Bonus: Chase Sapphire Preferred® Card
Can you transfer Freedom Unlimited points?
It’s possible to transfer Freedom Unlimited points to another credit card that earns Chase Ultimate Rewards cards. One stipulation is that you or another household member must be a cardholder.
You can’t transfer Freedom or Freedom Unlimited points to the Ultimate Rewards airline or hotel transfer partners. Only the Chase Sapphire Preferred, Chase Sapphire Reserve®, and Chase Ink Business Preferred® Credit Card support travel partner point transfers.
Which is better? Chase Freedom Unlimited or Sapphire Preferred?
The Chase Freedom Unlimited® can be better if you want a credit card without an annual fee. It can also earn more points than the Sapphire Preferred on these purchases:
- Travel purchases using Chase Ultimate Rewards (5x points vs 2x points)
- Dining, takeout, and food delivery (3x points vs 2x points)
- Non-bonus purchases (1.5x points vs 1x points)
Each Freedom Unlimited point is worth 1 cent each for award travel and cash redemptions but 1:1 point transfers are unavailable.
You may prefer the Chase Sapphire Preferred® Card if you can maximize the 25% travel redemption bonus or the 1:1 travel partner point transfers.
Each Sapphire Preferred point is worth 1.25 cents (25% more) for award travel on Chase Ultimate Rewards. You can also transfer them in 1,000-point increments to popular airline and hotel loyalty programs.
Travel purchases made directly with the travel provider or third-party booking sites earn bonus points instead of only the Chase Ultimate Rewards portal.
You must decide if the enhanced points opportunities are worth the $95 annual fee.
Can I have the Chase Freedom Unlimited and the Sapphire?
Yes, it’s possible to hold both the Freedom Unlimited and a Sapphire card (Sapphire Preferred or Sapphire Reserve) at the same time.
You can use the Chase Freedom Unlimited® for purchases that earn more points than the Sapphire. Then, you can transfer your points to your Sapphire account to get better award travel options.
If you currently have neither card, you can only try for one at a time. You will need to wait at least 30 days between card applications. Waiting between 3 and 6 months can be a better move as you have ample time to meet the sign-up bonus spending requirement and establish a positive payment history on your first card.
If you’re a “card churner,” keep an eye on the Chase 5/24 rule. Chase will most likely decline your application if you have 5 or more new credit card accounts that are 24 months or newer.
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Chase Sapphire Preferred® Card
- Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
- Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
- With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
- Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
- Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
- Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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