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Limited time offer: Save 10% on gift cards via Chase Ultimate Rewards

For a limited time, Chase is offering a 10% discount on select gift cards via Ultimate Rewards®. Valid through January 31, 2021.

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The Chase Freedom® is not currently available to new cardholders. Please visit our list of the best cash-back cards for alternative options. Offers no longer available.

Gift cards are a simple way to redeem credit card rewards, and Chase is currently offering a 10% discount on select gift cards through January 31, 2021. All Chase Ultimate Rewards® card members are eligible to receive the 10% discount, except where noted below.

Eligible cards include: Chase Freedom Flex℠Chase Freedom Unlimited®, Chase Freedom® (no longer accepting new applicants), Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, Ink Business Preferred® Credit Card, Ink Business Unlimited® Credit Card and Ink Business Cash® Credit Card.

The offer is for a 10% discount on the following gift cards when you redeem your reward points through Chase Ultimate Rewards®, except where noted:

  • Academy Sports
  • Chili's
  • Chipotle Mexican Grill (Freedom only)
  • Domino's Pizza
  • Fanatics
  • Grubhub (Freedom and Sapphire only)
  • Happy Dining
  • Under Armour

To take advantage of this offer, log into your account and click on "Ultimate Rewards®" then "Shop Gift Cards." You can navigate to "Recommendations" and sort by "Sale."

Minimum gift card redemption amounts vary by merchant, but many cards have $15 or $25 minimums. The value of one point is worth a penny. For example, a $25 Chili's gift card would typically cost 2,500 points, but with the promo it's 2,250 points.

Gift cards are shipped and you have two options: free standard shipping, which takes six to 10 days, or rush shipping, which costs $10 and takes three to six days.

Note that there are limited gift card quantities available, so some offers may be pulled prior to January 31, 2021.

Information about Chase Freedom® has been collected independently by CNBC and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.