Best Credit Cards to Buy Chase Gift Cards

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It seems like rumors of fee free Chase gift cards ending August 1, were not true.  I was able Chase gift cards yesterday using my Chase Freedom credit card.  The disadvantage of Chase gift cards is that you must use a Chase credit card to buy them.  What are the best credit cards to buy Chase gift cards?   

To maximize on your credit card points, here is my ranking of best credit cards to buy Chase gift cards using a purchase of $1,000 of Chase gift cards as an example:

  1. Chase Freedom with Chase exclusives – 1,100 Chase Points.  If you have a Chase checking account, you will get 10% extra bonus points on the total Chase points earned each year.  If you don’t have a Chase checking account, I would recommend signing up for one and earning $200 for free until 8/15/13!  Note that these earnings are taxable.  I called these Chase points because they don’t turn into Ultimate Rewards until you transfer to Chase Ink Bold or Chase Sapphire Preferred.  You can read more about Chase Exclusives here.  

    Chase Exclusives - Earn More Points!

    Chase Exclusives – Earn More Points!

  2. Chase British Airways Credit Card – 1,250 Avios.  The Chase BA Credit Card gives 1.25 Avios points per dollar spent.  I would actually prefer 1,100 UR points because I value United points more.  However, I would say it’s debatable between Chase Freedom and Chase BA.
  3. Chase Sapphire Preferred – 1,070 Chase Ultimate Rewards.  The Chase Sapphire Preferred has a 7% dividend on all points earned for the year.
  4. All Other Chase Cards – 1,000 points
Free $200 for New Chase Checking Customers Until 8/15/13

Free $200 for New Chase Checking Customers Until 8/15/13

As you can see from above, the Chase Freedom is the number one choice, minus some exceptions, for these Chase gift cards.  It also is the best Chase credit card if you have Chase exclusives for non-category bonus spending.  However, I would rather earn 1 SPG point or 2 Barclaycard points for my large non-category bonus spending.  For big spenders shooting for Chase United Explorer’s $25K threshold to earn 10,000 extra United miles, that would be another wise choice to buy Chase gift cards towards.

Disclaimer: Personal credit cards such as Chase Freedom have a possibility of triggering a fraud alert when making big purchases.  I was able to do 2X $500 Chase Freedom gift cards with no problem, but in the past I’ve had it denied when making purchases over $1,000.  It’s not always the case, but maybe something to note.

Conclusion

No fee Chase gift cards are still around for now.  The Chase Freedom with Chase exclusives or the Chase British Airways Credit Card are the best credit cards to buy Chase gift cards.  If you don’t have a Chase Freedom and Chase checking account to get Chase exclusives, it may be worth considering.  There is a $200 checking account sign up bonus and a $100 Chase Freedom sign on bonus.  Although not the biggest sign up bonus, Chase Freedom can be another way to earn 5X each quarter on rolling categories.  With another 10% bonus points added to the total earned points, it may be another way to boost up your Ultimate Rewards balance.

Note: I do not get any referral bonus for the $200 Chase checking account sign up.  I may receive a small referral bonus if you sign up for the Chase Freedom card using the Credit Karma banner and applying under “No annual fee credit cards”. 

 

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21 comments for “Best Credit Cards to Buy Chase Gift Cards

  1. Lively
    August 5, 2013 at 5:23 am

    Chase’s BA card gets 1.25 points per dollar.

    • August 5, 2013 at 6:15 am

      Yep I use the Chase BA for the 1.25 Avios

    • August 5, 2013 at 6:46 am

      Yes, let me put that one in. Sorry was posting late last night!

  2. iamalighthouse
    August 5, 2013 at 7:08 am

    What do you use the gift cards for? I’m almost at my minimum spend for Chase Sapphire and my husband has the Freedom….how could we best maximize those cards?

    • August 5, 2013 at 7:25 am

      You can buy these gift cards and load them onto Bluebird at Walmart… or money orders at Walmart for extra points.

  3. aegt
    August 5, 2013 at 8:46 am

    Has anyone been kicked out of Chase for purchasing too many of these gift cards between all of their Chase CCs?

  4. David
    August 5, 2013 at 9:24 am

    The highest earning Chase card is actually the United MP Club card: 1.5 miles/$, or 1500 UA miles.

    • August 5, 2013 at 11:22 am

      True… but not many people have that card. I don’t think it’s worth it unless you actually travel United often. I’m on international business and first most of the time and Southwest or AA domestically most of the time.

      • David
        August 5, 2013 at 12:03 pm

        Well, for the manu. spend crowd that maxes out on BB loads and/or does $10-20K a month, it is definitely worthwhile just for the higher rate, at least relative to any other 1X card. (This sounds like a lot, but consider Chase gcs, VRs, and AP…that’s a low risk $10-12K per couple per month.)

        Also, for UA elites, the first year has no annual fee, and for non-elites, there have been promos in the past for a free first year. I don’t see the downside. I guess it hasn’t been hyped b/c of lack of referral fees or sign-up bonus?

        • August 5, 2013 at 1:45 pm

          It may make sense for some hardcore spenders. I mostly share info based on my experience and the cards I have. I have yet to get that card yet because I diversify my points and miles. I don’t solely collect united. There’s speculation that airline miles may devalue next year. That’s why I collect UR, MR, and SPG mostly.

  5. Mark
    August 5, 2013 at 8:03 pm

    Would Chase Ink be good too because it would not impact your credit score for your next churn (since it’s a business card)?

    • August 5, 2013 at 9:02 pm

      Yes, I try not to charge my personal credit cards too much for large purchases.

  6. sil
    August 7, 2013 at 4:20 pm

    when you purchase the Giftcard with the max of $2600, will it be okay to write your OWN name for the person you are giving the gift cards to or best to use someone elses name and address?

    • August 7, 2013 at 10:04 pm

      I’ve used both. Own should be fine.

    • Miles
      August 9, 2013 at 3:46 pm

      I’ve bought several thousand dollars of Chase Visa GCs, and always use my own name and email address for both gift recipient and gift giver. Never had a problem.

  7. Golden
    August 11, 2013 at 10:50 am

    What do you guys do with those gift cards now? Seems like Walmart no longer accept Bluebird reload with gift cards…

    • August 11, 2013 at 6:04 pm

      Should work.. Might have been a temporary issue. As always proceed with caution and have an exit strategy. It’s possible Walmart will no longer work with chase GCs soon.

  8. Happy Feet
    August 28, 2013 at 10:20 pm

    My Chase Freedom just posted the points — they did not count the $2,000 for purchasing the chase gift cards. Are other readers experiencing the same thing?
    The Wal-mart I go to is also getting stricter with visa GC. 3 out of 5 times they would not allow me load the GC to BB. It took me almost a whole month to liquidate all the GCs. Maybe I should stop purchasing Chase GC?

    • August 29, 2013 at 7:11 am

      I haven’t heard that it isn’t posting. I’ll look into this.

  9. Sil
    August 29, 2013 at 5:14 am

    Happy Feet- first time i read about the CGC not earning points. Is this the first time you purchased the Gift Cards with your Freedom card?

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