A reader just asked me this week whether Chase is still offering at least a 10% Ultimate Rewards bonus (and it can be much more) for having a Chase Checking account and a Chase Freedom credit card.
The answer is yes (details here): In short, if you have a Chase personal checking account and a Chase Freedom card, you’ll earn 1 bonus point for every $10 you spend on the card PLUS 10 points for every purchase. And if you have a Chase Sapphire Preferred card, those Freedom points can be transferred into Ultimate Rewards. Solid deal. (Editor’s Note: I originally wrote that this was a 20% bonus. It’s not — it could be more, could be less, depending on the value of your average purchase. IE, if your average purchase is $50, then you’ll get 5 bonus points + 10 bonus points, equaling 15 bonus points, or a 30% bonus).
A similar offer is available for Chase business checking account holders — they can earn a 20% Ultimate Rewards bonus on their credit card spend if they have the Chase Business Ink Bold® Charge Card card (you’ll earn 25,000 points after first purchase, then an additional 25k points after $10,000 in spend in 3 months) through the Chase Exclusives for Business program.
You’ll likely be giving up some interest from the highest earning accounts out there, so make do the math and make sure those 20% bonus points will cover the interest you’re forgoing. But if it is, it’s still a great offer.