Cyber Week See all the best deals from Cyber Week here. See Deals
Forum Thread

PSA Chase UR Points Devalue for using Shop with points @ Amazon beginning Sept 1st, 2016

c2nah777 3,633 2,771 July 27, 2016 at 09:14 AM in Credit Cards (3)
Sorry, this deal has expired. Get notified of deals like this in the future. Add Deal Alert for this Item
Deal
Score
+17
19,479 Views

Thread Details

Last Edited by thestreetlight July 27, 2016 at 09:32 AM
I don't use this method personally. I have better ways to use my UR points. This is posted only as a PSA to try to help others be informed if they (like me) typically ignore such emails.

As of Sept 1, 16 you will have to spend 125 instead of 100 points to equal $1 at checkout using your Chase UR points with Amazon, and the points will be deducted at the time of your order instead of the ship date.


SOURCE:
The quote from the message I received:



We are making changes to the Chase Ultimate Rewards® Amazon Shop with Points program.
• Beginning September 1, the Amazon.com redemption value for $1 is changing from 100 points to 125 points.
• Your points will no longer be deducted when your purchase ships; they will be debited at the time your order is placed.
These changes do not impact your other Chase Ultimate Rewards redemption options including cash back, gift cards, travel and more.
Visit Ultimate Rewards today to learn more.

Thank you for choosing Chase.
If you take advantage of an offer on our site, Slickdeals may receive a commission.

Other Popular Credit Cards

Chase Sapphire Preferred Credit Card 50K Points w/ $4K Spent in 1st 3-Mos
Update: Offer is still available Chase is offering 50,000 Bonus Points ($625 towards travel) w/ $4000 Spent in First 3 Months of Account Opening (normally 40k points) for their Sapphire Preferred Credit Card with $0 Intro Annual Fee for the first year, then $95. Thanks brisar Please see our forum thread for additional details and requirements. Slickdeals may be compensated by Chase.
Chase Freedom Unlimited Credit Card: Bonus after $500 Spent $150 Bonus + 1.5% Cash Back
Chase Freedom Unlimited is offering a $150 Bonus after your spend $500 or More (on purchases within the first 3-months of your account opening) + 1.5% Unlimited Cash Back on every purchase. Thanks ranjanrocks Note, the disclosure about limitations on who will receive the $150 bonus only refers to current Freedom Unlimited customers. Freedom and Freedom Unlimited are two different products in the Chase ecosystem.Unlimited 1.5% cash back on every purchase - it's automaticEarn a $150 Bonus after you spend $500 on purchases in your first 3 months from account opening0% Intro APR for 15 months on purchases and balance transfers. After the intro period, a variable APR of 14.24-23.24%. Balance transfer fee is 5% of the amount transferred, $5 minimumRedeem for cash - any amount, anytimeCash Back rewards do not expire as long as your account is openNo annual fee.Slickdeals may be compensated by Chase.

68 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

#2
Good info, thanks
Reply Helpful Comment? 1 0
#3
Thanks for the heads up. I actually use this. But I also don't know a lot about the UR details.
What is the best value to spend them on now?
Reply Helpful Comment? 0 0
Joined Sep 2009
L8: Grand Teacher
3,562 Posts
1,223 Reputation
#4
Quote from evophile View Post :
Thanks for the heads up. I actually use this. But I also don't know a lot about the UR details.
What is the best value to spend them on now?

Transfering them to airline or hotel partners and booking airfare and hotels.

You get massively higher value out of your points (50-100% more value at the low end, 500% or more at the high end)
Reply Helpful Comment? 3 0
#5
Quote from evophile View Post :
Thanks for the heads up. I actually use this. But I also don't know a lot about the UR details.
What is the best value to spend them on now?
Hyatt,BA, and Southwest point transfers are high on my list depending on where.
Reply Helpful Comment? 1 0
#6
Great, thanks for the suggestions guys- I'll look into it!
Reply Helpful Comment? 1 1
#7
Can you explain the southwest point transfer? How do i get the most out of my UR points?
Reply Helpful Comment? 0 0
#8
You know Chase lacks deals and random promos during the year. You see Discover and American Express deals listed in Slickdeals all the time. Chase is barely ever mentioned unless it's something like this where they are taking something away. lol

I have used my reward points in the past at Amazon but will never do that again. I mostly just redeem the rewards back to my card to lower the balance. They'll probably stop that in the near future also.
Reply Helpful Comment? 0 1
Last edited by just123me July 27, 2016 at 09:52 AM.

Sign up for a Slickdeals account to remove this ad.

#9
I always take the cash back against my bill. It's 1 for 1. Save the credit card for purchases, as this extends the warranty.
Reply Helpful Comment? 1 0
#10
I never used this before, makes more sense to transfer to cash/statement credit and use credit for Amazon purchases. Now it's even dumber. Any reason to ever use this?
Reply Helpful Comment? 1 0
#11
This was a terrible redemption option to begin with and even worse now...
Reply Helpful Comment? 1 0
#12
Quote from aapocketz View Post :
I never used this before, makes more sense to transfer to cash/statement credit and use credit for Amazon purchases. Now it's even dumber. Any reason to ever use this?
Exactly!!!
Reply Helpful Comment? 1 0
#13
Quote from Knightshade View Post :
Transfering them to airline or hotel partners and booking airfare and hotels.

You get massively higher value out of your points (50-100% more value at the low end, 500% or more at the high end)
How does that work? I book flights on the Chase rewards website but I only get about 20% more bang for my UR bucks.
Reply Helpful Comment? 0 0
#14
This is a dumb move. It was awesome to be able to spend your points like normal currency. They're basically making it a surcharge for convenience. You can still get a 1:1 redemption for Amazon gift cards. So just another hoop to go through, no big deal. I just wont be using the Shop with points through Amazon.

Thanks for the heads up OP. +
Reply Helpful Comment? 0 0
#15
Quote from KentC7765 View Post :
Can you explain the southwest point transfer? How do i get the most out of my UR points?
Southwest is 1:1 transfer partner for chase . You can transfer your points to southwest airlines and then book your ticket using points. Depends where and when you want to travel, tickets may cost anything in between 6k-15k points one way. You will need chase sapphire though to combine points with freedom as freedom points are not eligible for transfer to airline partners.

Real use is when you have southwest companion pass, then you can use points to book your tickets and your companion flies for free.

Transferring to Amazon is anyways not a good idea for UR points.
Reply Helpful Comment? 1 0
Last edited by langdatayagi July 27, 2016 at 10:03 AM.
Page 1 of 5
1 2 3 4 5
Join the Conversation
Add a Comment
 
Copyright 1999 - 2016. Slickdeals, LLC. All Rights Reserved. Copyright / Infringement Policy  •  Privacy Policy  •  Terms of Service  •  Acceptable Use Policy (Rules)  •  Interest-Based Ads
Link Copied to Clipboard