do chase UR points expire?

[Anonymous]

I have used my UR points at chase travel several times since getting CSP and have had freedom for several years. I will probably take at least a couple of trips this year and want to keep the points for that. Right now I am at 7000 and use both cards a lot. I like the 20 pct premium at chase travel. Just want to make sure the points will stay on the account. First CSP AF due next month. Points will almost cover AF but I would rather save them for travel.

[Anonymous]

Yes is the answer to the original question. 

[supervelous]

why not let them sit there?  I have over 230,000 UR points, and thinking of applying for CSP with 40K sign on bonus to bring me to close to 275,000.  What is the danger?  I haven't taken any big vacations last couple years and want to save these for my honeymoon sometime in next year.

[Anonymous]

Well I do take a lot of trips and like saving a few bucks on each with the UR points. Mom lives in AZ and I'm in Oregon. I also went to Alaska. By the way, the CSP sign up is 50k now for $4k spend, so with all your points that can be transferred to that good travel card maybe it's time to apply. Congrats on your engagement.

[longtimelurker]

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@supervelous wrote:

why not let them sit there?  I have over 230,000 UR points, and thinking of applying for CSP with 40K sign on bonus to bring me to close to 275,000.  What is the danger?  I haven't taken any big vacations last couple years and want to save these for my honeymoon sometime in next year.

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The risk is simply that an issuer may close the card and you may then forfeit all unredeemed points.    Now if you are "good" this risk is small, but mistakes can happen and also things you might think are OK may turn out not to be.  (For example, in  the case of URs, Chase has got very aggressive about closing accounts of those that transfer them to others outside of the very narrow permitted transfers)

Then as referred to upthread, you might find out when it is time to redeem that you now need many more miles than you expected.   For special things like a honeymoon, you may not have options, but in other cases taking trips as you accrue the miles can avoid this problem.

And also you are sitting on the cash equivalent of $2300 (worth more for travel) so there is also a small opportunity cost of letting them sit there

[supervelous]

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@longtimelurker wrote:

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@supervelous wrote:

why not let them sit there?  I have over 230,000 UR points, and thinking of applying for CSP with 40K sign on bonus to bring me to close to 275,000.  What is the danger?  I haven't taken any big vacations last couple years and want to save these for my honeymoon sometime in next year.

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The risk is simply that an issuer may close the card and you may then forfeit all unredeemed points.    Now if you are "good" this risk is small, but mistakes can happen and also things you might think are OK may turn out not to be.  (For example, in  the case of URs, Chase has got very aggressive about closing accounts of those that transfer them to others outside of the very narrow permitted transfers)

Then as referred to upthread, you might find out when it is time to redeem that you now need many more miles than you expected.   For special things like a honeymoon, you may not have options, but in other cases taking trips as you accrue the miles can avoid this problem.

And also you are sitting on the cash equivalent of $2300 (worth more for travel) so there is also a small opportunity cost of letting them sit there

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Good points.  I have a high FICO, good income and no debt so I don't think I'm in danger of being shut down.  If I was to lose my job, I'd immediately cash in for cash into my Chase checking account for the $2,300.  Just been saving them since transfer to travel partners yields the most value, much more than cash value.

[NRB525]

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@Anonymous wrote:
I have used my UR points at chase travel several times since getting CSP and have had freedom for several years. I will probably take at least a couple of trips this year and want to keep the points for that. Right now I am at 7000 and use both cards a lot. I like the 20 pct premium at chase travel. Just want to make sure the points will stay on the account. First CSP AF due next month. Points will almost cover AF but I would rather save them for travel.

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If you are redeeming through Chase Travel, the Devaluation discussion is different. Chase Travel is already at 1.2c per point, lower than a lot of transfer options, and yes, not immediately subject to the same types of devaluation. 

And FWIW, 7,000 UR points doesn't get much value. You might get certain Hyatt hotels, or maybe one short leg of a BA flight, but even those are getting rarer.

Nothing wrong with redeeming on Chase Travel, particularly since airlines seem to be driving toward 1c per point values anyway.