![]() ![]() 5% cash back on groceries turns into 7.5% potential value back, and so on. With the Sapphire Reserve, you can also redeem for travel through the Ultimate Rewards portal at 1.5 cents per point value, which means 20,000 Ultimate Rewards points = $300 towards airfare, hotel, car rentals booked through Ultimate Rewards. Your actual numbers will depend on your own specific redemption choices, but you can see that you can definitely exceed 2% cash back value on an ongoing basis with the Sapphire Preferred/Freedom Unlimited combo. If you placed a perceived value of 1.5 cents on each United Airlines mile or Hyatt hotel point, then you’d receive 2.25 cents of perceived value per dollar spent with this card. Notice that you are earning more miles and points on ALL purchases than even the specific co-branded cards from United or Hyatt themselves! Most of them just offer 1 point/mile per dollar spent on all purchases. ![]() Earn 1.5 Southwest Rapid Rewards points per dollar spent on ALL purchases.Earn 1.5 British Airways Avios per dollar spent on ALL purchases.Earn 1.5 Hyatt points per dollar spent on ALL purchases.Earn 1.5 United Mileageplus miles per dollar spent on ALL purchases.If you have also have the Chase Sapphire Preferred, Chase Sapphire Reserve, or Ink Business Preferred Card, then you can pool all of your Ultimate Rewards points together (even with your spouse/partner as an authorized user) and thus utilize all of the same transfer partners with the following results: (I hope Chase doesn’t forget this fact.) This is important because there are many ways in which Ultimate Rewards points can be worth much more than 1 cent per point. Ultimate Rewards points are worth collecting because of their flexibility. Cash back does not expire as long as your card is open.ġ.5% cash back on all purchases is better than the 1% cash back you see from a lot of cards, but there are competitors with higher effective cash back rates.īut wait, you actually get Ultimate Rewards Points! The lesser-known perk of this card is that you actually earn Ultimate Rewards points, which are in turn redeemable for cash back at a rate of 100 points = $1 in cash back, or 1 cent per point.Earn unlimited 1.5% cash back on all purchases. ![]()
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