Hidden Benefit of the no-fee Chase Freedom and Ink cards:
What you might not know is that if you have a Chase Premium card, then you can convert your cash into Chase Ultimate Reward points, at a 1-to-1 ratio. The Chase premium cards are the Chase Sapphire Preferred (CSP), Chase Sapphire Reserve (CSR), or the Chase Ink Preferred (CIP). When the points are redeemed either in the travel portal, or the Pay Yourself Back feature, each point is worth either 1.25 cents (CSP and CIP) or 1.5 cents (CSR). Or, you can then transfer them to one of the many Chase Airline or Hotel Transfer partners for outsized value.