Chase Ultimate Rewards® Agreement: Understanding the Terms and Conditions
Chase Ultimate Rewards is a loyalty program offered by Chase Bank that allows its cardholders to earn points on purchases made with eligible credit cards. These points can then be redeemed for travel, cashback, gift cards, merchandise, and more.
When you sign up for a Chase Ultimate Rewards account, you are automatically enrolled in the program and agree to its terms and conditions. It is crucial to understand these terms and conditions to get the most out of the program and avoid any misunderstandings or violations that could lead to the loss of your rewards or even the termination of your account.
Here are some key aspects of the Chase Ultimate Rewards agreement you should know:
Earning Points
To earn Chase Ultimate Rewards points, you must have an eligible Chase credit card and use it to make purchases. The amount of points you earn depends on the card you have and the type of purchase you make. Some cards offer bonus points for certain categories, such as travel or dining, while others have a flat rate for all purchases.
Redeeming Points
You can redeem your Chase Ultimate Rewards points for various rewards, including travel booked through the Chase Ultimate Rewards portal, cashback, gift cards, merchandise, and charitable donations. The value of your points varies depending on the redemption option you choose. For example, you may get more value by booking travel than by redeeming for cashback.
Expiration and Forfeiture
Chase Ultimate Rewards points do not expire as long as your account remains open and in good standing. However, if you close your account, you will lose any unredeemed points. Also, if you have not earned or redeemed any points for 24 months, your points may expire.
Account Termination
Chase reserves the right to terminate your Ultimate Rewards account or forfeit your points if it suspects any fraud or abuse of the program. Examples of violations include selling or transferring points, making unauthorized redemptions, or using the program for business purposes.
Changes to the Agreement
Chase may update or modify the Ultimate Rewards agreement at any time, and it is your responsibility to stay informed of any changes. If you continue to use the program after a modification, you are deemed to have accepted the new terms and conditions.
In conclusion, the Chase Ultimate Rewards program offers great benefits and rewards to its cardholders, but it is essential to understand its terms and conditions to avoid any misunderstandings or issues. Be sure to read the agreement carefully and contact Chase`s customer service if you have any questions or concerns. Happy earning and redeeming!
