Rumor: Chase May End Ultimate Rewards Points Pooling
Could this be true?
Rumor has it that Chase is actively seeking to end the ability to pool points from one household member to another, and even from card to card.
What This Means
If this is true, we are in for a big change on how we earn and spend our Ultimate Rewards (UR) points. And, for many of us, it could have a significant and negative impact on future redemptions – starting immediately, we would all need to adjust how we spend and earn rewards.
How Pooling Points Currently Works
Combining Chase Ultimate Rewards Points
Until now, Chase has always allowed you to pool points. You can move points from one UR earning card to another, and even from one household member to another, without any fees.
Currently, you can transfer points from a Chase Freedom Unlimited℠ (CFU) to a Chase Sapphire Reserve℠ (CSR) card, essentially making the CFU a “transferable” card, even though it’s marketed as a cashback card.
Since the CFU earns 1.5% on all purchases every day, and since the CSR gets 1.5x on all redemptions made through the Chase Travel portal, you earn a rate of no less than 2.25% for every dollar spent when you redeem points for travel (possibly even more if you transfer them to partner airlines).
Our Advice: Act Fast!
Pool your points now – just to be safe.
Even if the rumor falls through, it’s good to plan and adjust accordingly. Many of our community members in FBZ Elite are already doing so!
In case you need a refresher, here’s exactly how to combine your UR points.
How to Pool Your Chase Ultimate Rewards Points - Step by Step
As per Chase: You can move points, but only to another Chase card with Ultimate Rewards belonging to you, your spouse or domestic partner, as applicable.
Good to note: You can only transfer Chase points from the desktop Chase portal, not the Chase mobile app.
Step 1: Go to https://ultimaterewardspoints.chase.com
Step 2: Navigate to “Combine Points” on the right of the top navigation, or go directly to https://ultimaterewardspoints.chase.com/combine-points/list-accounts
Step 3: You’ll then see what Chase Ultimate Rewards accounts you have for each of your cards.
Remember the Chase Sapphire Reserve gets the best valuation per point, at $0.015 cents per Chase Ultimate Reward.
You can choose to transfer between your own Chase accounts, or you can add a household member’s account and transfer points to their account. Simply choose the account on the left that you want to transfer from, and the account on the right that you want to transfer to.
Step 4: You’ll then see a confirmation page before submitting (this example shows transferring to another household member). This cannot be “undone,” though the recipient could always decide to transfer points back to you in another transaction.
Step 5: Confirmed! Your Points will transfer instantly.
H/t to FrequentMiler who alerted us to this story
What do you think of this rumor? Will you be pooling your points?
Join in on the conversation on Travel & Points in FBZ Elite!