Reddit user msd2179 completed a Chase Customer Panel survey regarding the ability to transfer Chase Ultimate Rewards points to the Chase Sapphire Reserve to take advantage of the 1.5¢ per point value you get when redeeming for travel through the Chase travel portal. They wanted to know how users would feel about the following options:
- “When you combine the Ultimate Rewards points on eligible Chase Cards they would retain their original redemption value – that is, when transferred the points would retain the redemption value of the product they were initially earned on. For example you would not earn a travel redemption bonus if your transfer from a no fee card to a Fee card.”
- “You can only combine Ultimate Reward points between no-annual fee cards or between annual fee cards. You cannot combine Ultimate Rewards points between a no-annual fee card and an annual fee card.”
- “You can combine Ultimate Rewards points on eligible Chase cards at a 3:2 conversion ratio. For example if you would like to transfer 15,000 points from your Freedom Unlimited card to your Sapphire Reserve account, your Sapphire Reserve would be credited with 10,000 points (a 3:2 ratio). The transferred points would be granted the redemption value and options of the account to which they are transferred into.”
All three of these options are terrible and significantly devalue the current value you can get from the Chase Freedom Unlimited (1.5x Chase UR on all purchases) and the Chase Freedom (5x Chase UR on rotating categories). If they made these changes I assume they would also affect your ability to transfer the points to Chase’s travel partners as well. Obviously this is just a preliminary survey to see how customers would feel about these changes, but it isn’t good to see Chase even considering these types of negative changes.
If you received this survey, make sure you complete it so Chase knows how terrible these changes would be for cardholders. Might as well transfer over any points you have just in case as well.
Small Update: A number of months back, we heard a rumor from an insider that this kind of change was being looked at.