I thought about creating some click-bait type of headline along the lines of, “Ultimate Rewards devalue after September 1”, but that would just be so mean.According to this SlickDeals thread, beginning September 1, for purchases made using points on Amazon.com, you’ll have to spend 125 points instead of 100 for every dollar at checkout, and the points will be deducted at the time of your order instead of the ship date.
Here is the official notice from Chase:
We are making changes to the Chase Ultimate Rewards® Amazon Shop with Points program.
• Beginning September 1, the Amazon.com redemption value for $1 is changing from 100 points to 125 points.
• Your points will no longer be deducted when your purchase ships; they will be debited at the time your order is placed.
These changes do not impact your other Chase Ultimate Rewards redemption options including cash back, gift cards, travel and more.
Of course, readers of the blog know there are MUCH better ways to use our Ultimate Rewards points, but let this serve as a reminder that programs always devalue one way or another, and that it’s important to continuously be on the lookout for new “fine print”.
In the meantime, be sure to earn & burn!