Daddy Duty

Sleep, Eat, Diaper Change. Repeat.

Free Ultimate Rewards Points

on February 17, 2012

Another of my favorite blogs, The Frequent Miler, pointed out this deal. The gist is to use the Chase Ultimate Rewards Mall to buy “free after easy rebate” software from Staples.  Assuming you followed the deal, you would spend $700 on software, fill out rebate forms online, receive your $700 back a couple of months later and receive 6,300 free Ultimate Rewards points (which can be transferred into Airlines miles/free travel).

Assuming you’re new to the world of points, you have a couple of questions on whether or not this pertains to you.

1. What is the Chase Ultimate Rewards Mall?

It’s a click through shopping portal exclusively for Chase credit card holders (Chase Ink, Chase Sapphire, Chase Freedom. If you don’t have one of these cards, you don’t have access to this portal/shopping mall and can’t do this deal.

2. Assuming you have one of the aforementioned cards and have access to the Ultimate Rewards Mall, is it worth waiting for a rebate and tying up so much money? 

I choose to participate depending on who the vendor is.  I’ve had nothing but great experiences with Staples and will do this promotion without hesitation.  Staples’ Easy Rebates program is incredibly easy and doesn’t require the forms/stamps/etc that typical rebates require.  These are easy, typically taking only a couple of minutes to complete. Assuming you did the deal, you’d be out about 10 minutes of time, tax on what you purchased and in return would have received free software and points worth at a minimum $100.

3. What is an Ultimate Reward Point?

In a nutshell, they’re proprietary points developed by Chase.  American Express, Wells Fargo, Capital One, etc have all created their own currencies. In all honesty, they did this to confuse the consumer thinking that all miles/points are created equal. Currently, Chase points are most valuable and AMEX are a close 2nd.  I’ll go in depth as to why in a future post, but for now, just know that if you are collecting anything else, you’re being cheated.

4. If I don’t have this card and can’t access the portal, why did I read this post?

I do intend to either create or point out how to get a full miles education, however, deals come up on a daily basis and I want to share them as I’m aware of them. If anything, I’d like you to be aware that you need to be in a position to take advantage of deals as they come. For this deal, you need specific types of Chase credit cards.  Therefore, my advice is to have at least one of them in your tool belt in case a future promotion comes up.

Overall, 6,300 points isn’t a huge deal.  If you did it or didn’t do it, it wouldn’t make a big deal. However, for 10 minutes of your time, you’re essentially spending around $50 (tax) for ~$100 in value. Not bad for a couple of clicks…


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