Chase Ultimate Rewards Points Quiz

What is the primary benefit of Chase Ultimate Rewards Points?

• They have a fixed value across all redemptions.

• They can only be redeemed for cash back.

• They are only useful for travel bookings.

• They offer flexibility in redemption options.

How many points are equivalent to $1 in cash back?

• 50 points

• 150 points

• 100 points

• 200 points

Which redemption option is considered a trap due to lower value?

• Amazon purchases

• Bank deposits

• Gift cards

• Travel bookings

What is the value of 10,000 points when used for Amazon purchases?

• $100

• $90

• $70

• $80

What is the benefit of transferring points to travel partners?

• It reduces the number of points needed for bookings.

• It increases the cash back value.

• It allows for gift card purchases.

• It provides a fixed redemption rate.

How much is the annual fee for the Chase Sapphire Preferred card?

• $200

• $550

• $150

• $95

What is the point boost percentage for travel redemptions with the Chase Sapphire Preferred?

• 25%

• 15%

• 50%

• 10%

Which card offers a 50% point boost for travel redemptions?

• Chase Freedom Unlimited

• Chase Sapphire Preferred

• Chase Freedom Flex

• Chase Sapphire Reserve

What is the Pay Yourself Back feature?

• A feature to transfer points to friends.

• A way to increase cash back rates.

• A method to cancel out purchases with points.

• A way to earn more points on purchases.

What is the main advantage of using the Chase Sapphire Preferred over the Reserve?

• Lower annual fee

• Better cash back rates

• More travel partners

• Higher point boost