How to redeem cash back rewards
Quick insights
- Most Chase business credit cards earn Chase Ultimate Rewards®.
- Rewards can be redeemed for cash back, travel, statement credits and more.
- Cardmembers with a consumer Chase credit card can transfer Ultimate Rewards points from their business to personal account.
The Chase Ink family of cards offer a seamless way to accumulate Chase Ultimate Rewards points that can be  redeemed in ways that help your business. The Chase Ink Business Unlimited®, Ink Business Cash®, Ink Business Premier® and Ink Business Preferred® credit cards all earn rewards on most purchases. Note: Some Chase Ink cards may have an annual fee.
Not only that, but you can combine your rewards with other Chase cards that you use outside of your business. Using two or more cards together gives you the opportunity to supercharge your earning potential and may unlock additional redemption options.
In this article, we’ll share more about Chase Ultimate Rewards® as well as some of the common ways to redeem your rewards.
Breaking down Chase Ultimate Rewards
Chase business cardmembers can earn points within a program called Chase Ultimate Rewards. Those rewards can be redeemed in a variety of ways, including travel, gift cards, cash back and more through the Chase Ultimate Rewards online portal.
How can my business redeem credit card rewards?
There are multiple ways your business can redeem the rewards points you’ve earned. Here are a few:
Redeem for cash back
A common way to redeem rewards is through cash back. This can be a popular option for businesses that want a simple and straightforward way of redeeming rewards.
To redeem rewards for cash back, log on to your Chase account online or through the Chase Mobile® app. Navigate to the rewards section and review your available balance. The cash back option is redeemable at the rate of $1.00 per 100 points, or 1 cent per point. For example, if you have 20,000 points, you could redeem them for $200 in cash.
Choose the amount you want to redeem and choose how you would like to receive it. This could be in the form of a statement credit or direct deposit. Note that it could take up to three business days for your cash back request to be completed as a statement credit.
Redeem for travel
For businesses that have travel expenses, you may want to consider booking your travel through Chase TravelSM.
Benefits of using the Chase Travel portal include:
- When you book your trip online, you can use your credit card, points or both for payment.
- If a customer uses their rewards to book travel and nothing is billed to the credit card, they may still be entitled to the card’s travel protection benefits.
- Points may be redeemed for airline tickets, hotel accommodations, car rentals or other business travel experiences. Rates are provided by the travel provider and may vary.
- Customers can self-service travel cancellations and changes online.
- Customers can redeem, pay or track their reservations through Chase Travel or by calling the Chase Travel Service Center.
Pay Yourself Back® program
Pick one or more recent eligible purchases and turn your available Ultimate Rewards points into a statement credit. Eligible purchases that have been posted to your account within the past 90 days will be listed in your account. Categories may include gas stations, grocery stores, select charities and annual membership fees.
Combine Ultimate Rewards points between business and personal credit cards
If you have more than one eligible credit card that earns Chase Ultimate Rewards, you have the option to combine and transfer points between your accounts or transfer them to a designated household member. This may be helpful if you don’t have enough points on a single card to redeem for a big trip. Transfers happen in real time and there is no limit to the number of transfers that can be made.
The bottom line
Small-business owners can unlock rewards by leveraging their business credit card points. For many of Chase’s business cards, this includes a rewards program called Chase Ultimate Rewards. Among other options, you can choose to redeem your rewards as cash back or as a way to offset the cost of your next work trip. Make your rewards go even further by pooling them together with the rewards on another Chase credit card, giving you flexibility.
