by Lyle Daly | Feb. 25, 2021
The Ascent is reader-supported: we may earn a commission from offers on this page. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. Terms may apply to offers listed on this page.
Collecting Chase points is a breeze with the right combination of credit cards.
One of the best ways to maximize your credit card rewards is to use multiple cards. Credit cards can earn extra rewards in various spending categories. As such, more cards means more areas where you can earn extra points.
To give you a firsthand look at how this works, I'm going to recap how I earned 10,521 points from my Chase credit cards in the last three months. Since those are Chase Ultimate Rewards points worth $0.015 towards travel with the Chase Sapphire Reserve®, I can get at least $157.82 in value from them.
I'm not a big spender, so over 10,000 points in three months is a good return on my regular bills. To earn that much, I took advantage of all the ways Chase offers to earn extra points.
In November of 2020, Chase Sapphire cards began to offer bonus rewards on groceries. I have the Chase Sapphire Reserve® ($550 annual fee), which offers 3 points per $1 on up to $1,000 in monthly grocery purchases through April 30, 2021.
Like many people, my grocery spending has gone up during the pandemic, so I've loved this offer. With $1,715 in grocery spending, I've earned 5,145 points. Nearly half my rewards have come from this limited-time deal.
I have two of the Chase Ink business credit cards, and each one offers quite a few different bonus categories.
The first is the Ink Business Cash® Credit Card. I don't use it that much, but it has no annual fee, and gets me 5 points per $1 on internet services. Internet comes with my apartment, but I do pay for Netflix. That has cost me $41 over the last three months, good for 205 points.
I also recently got the Chase Ink Business Preferred℠ Credit Card ($95 annual fee). It earns 3 points per $1 on your first $150,000 per account year on:
Since I live outside the United States, I spend more than average on shipping. It's cheaper to buy many products stateside and import them.
I also had several other purchases that earned 3 points per $1, even though I couldn't figure out which bonus category they belonged to. Overall, I spent $369 in bonus categories and earned 1,107 points.
The no-annual-fee Chase Freedom Unlimited® is practically a must-have if you want to maximize your Chase points. While it has several bonus categories, its standout feature is an unlimited 1.5 points per $1 on regular, non-bonus purchases. That's 50% more than the standard rate of 1 point per $1 you'll get with other Chase cards.
In my case, I spent $1,053 on my Chase Freedom Unlimited® for a total of 1,580 points.
That covers the bulk of my points, but not all of them. I earned 595 points on $595 of non-bonus spending with the Chase Sapphire Reserve®. This card doesn't charge foreign transaction fees, so I often use it for everyday expenses as I live abroad. The Chase Freedom Unlimited®, on the other hand, has a 3% foreign transaction fee, which limits how often I can use it.
I also collected 1,889 points on $1,889 of non-bonus spending with the Chase Ink Business Preferred℠ Credit Card. Normally, I wouldn't use a card for so many regular purchases at 1 point per $1, but I need to spend enough to get the card's sign-up bonus, so I'm putting more of my expenses on it.
My spending comes in well below the average monthly expenses, which makes it tricky to earn tons of purchase rewards. That's why I have multiple credit cards and I try to always use the card that will get me the most back. You could collect much more in rewards by doing the same.
If you have credit card debt, transferring it to this top balance transfer card can allow you to pay 0% interest for a whopping 18 months! That’s one reason our experts rate this card as a top pick to help get control of your debt. It’ll allow you to pay 0% interest on both balance transfers and new purchases until late 2022, and you’ll pay no annual fee. Read The Ascent's full review for free and apply in just 2 minutes.
We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2021 The Ascent. All rights reserved.