re: Chase Ultimate Rewards Question

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Just curious, can you explain how it is destroying the value. I usually take the cash deposited to my checking account.

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Sure, but it really depends on what you want the points for in the first place, so it varies from person to person. But don't be fooled, the Chase UR program is a "Travel program" first and foremost.

Hence, when Chase UR points when redeemed for cash back are only worth 1 cent per point. Simply going through the Chase UR portal to book travel makes them worth 1.25 cents per point, so using them as cash back is already losing value.

If you have CSP card and can transfer to say Southwest, your points will be worth about 1.6 cents per point.

If you book an international trip in economy, you can get about 2 cents per point. If you book premium international seats, your value per point is somewhere north of 4 cents per point and higher.

But again, if you aren't using the points for travel, then cash back works I guess, but I'd suggest exploring other points programs if that is all you want.