iceburg501 said: Hi, the question is not related to signup bonus. But weather its wise to pay $66 merchant fee to earn 3500 points from Chase Ultimate Rewards or pay via bank account to avoid the $66 fee? I doubt any reward point program is worth ~2c/point. There may be special cases where you are just short of some threshold to redeem a big value item when it becomes worthwhile to spend $66 to get that 3.5k points. But in most cases it is not worthwhile. Just pay cash. Or use a 2% CC if you have one or as I said find a sign-on bonus offer.
I use Citi Double Cash for IRS - you get 2% for what actually works out slightly lower than 1.89%. In addition, get a 1.5 months of float - useful if your funds are at Ally or some bank like that. Not too much money but pays for a lunch or two for very little effort.
I wouldn't pay 1.8 cents per point for chase UR. The only way that would make sense is if you could do it in 110k chunks and had an immediate need for an United award to Europe and would otherwise pay cash.
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