The Ultimate Rewards program is offering 10% and 20% off gift card redemptions for Chase Freedom credit card members through April 2, 2013.
If you have a Chase Freedom Card, you can get up to 20% off the regular redemption points for select store gift cards.
20% gift cards include Lands’ End (usable at Lands’ End, Sears, or Kmart) and AVIS.
10% gift cards include American Eagle Outfitters, Kohl’s, Pier 1 Imports, T.G.I. Friday’s, Bath & Body Works, Old Navy, CVS/Pharmacy, and Regal Entertainment Group.
You can see this promotion on this Ultimate Rewards Promo Page, but you must log in to your Chase online account in order to access the offer directly.
At the 20% discount redemption rate, you can get $25 gift cards for $20 (2,000 points), $50 gift cards for $40 (4,000 points), or $100 gift cards for $80 (8,000 points).
At the 10% discount redemption rate, you can get $25 gift cards for $22.50 (2,250 points), $50 gift cards for $45 (4,500 points), or $100 gift cards for $90 (9,000 points).
The gift card discount will be automatically applied when you redeem your gift cards and reflected on the merchant gift card page.
This offer is only valid when you redeem for gift cards through Ultimate Rewards.
Chase Freedom members can also enjoy 5% Cash Purchase Rebates in select categories when you enroll each quarter.
Take advantage of this Chase Ultimate Rewards gift card redemption reduction to save up to 20% off the regular price on select gift cards.