Chase announces discount on Ultimate Rewards redeemed for gift cards


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Searching for a way to burn through a couple of thousand Chase Ultimate Rewards® points this summer? Look no further than the issuer’s most recent offer on gift card redemption.

Offer breakdown

Chase recently announced a discount for Ultimate Rewards cardmembers on gift cards redeemed through the Chase Ultimate Rewards® portal.

Cardmembers can find the 10% discount on 15 branded gift cards, no matter the card’s amount. The gift cards covered in this offer include the following:

  • Bass Pro
  • Chili’s
  • Coffee Bean & Tea
  • Express
  • Fandango
  • GameStop
  • Google Play
  • Happy Moments
  • Happy Rewards
  • Hello Fresh
  • iTunes
  • Jiffy Lube
  • Spotify
  • Steak ‘N’ Shake
  • TGI Fridays

Length of offer

The discount runs from June 1, 2019, to June 30, 2019, yet specific gift cards may be unavailable prior to June 30 due to limited quantities.

Chase cards included in the offer

If you own one of the following Chase credit cards, you’ll have access to the 10% discount:

How to redeem

To receive the discount, simply log into your Chase Ultimate Rewards account and navigate to “Shop Gift Cards”. The gift cards included in the offer will be labeled as such with the discount automatically applied.

A $10 Spotify gift card, for example, is originally worth 1,000 points — Ultimate Rewards points are worth 1 cent apiece when redeemed for gift cards. With the 10% discount, you’d only be charged 900 points.

The bottom line

While the 10% discount takes a good chunk of points off a gift card redemption, there are more advantageous ways to spend your Ultimate Rewards points.

Transferring your points to a partner airline or hotel, for example, offers some of the most value in terms of rewards redemption.

If you’re interested in learning more about what you can do with your points, read our guide to Chase Ultimate Rewards®.