Chase announced today a ‘Month of More’ with the month of May having increased redemption rates and higher portal rates:
Redeem Ultimate Rewards points for Apple products at increased rates. This includes 1.5 cents rate on the Sapphire Reserve, 1.25 cents on the Sapphire Preferred and INK Preferred, and 1.1 cents on the Freedom and other no-annual-fee cards. Now that PYB 1.5 cents is dead, this might be more interesting to some people.
Redeem Ultimate Rewards points for select gift cards at a 10-15% discount. The most interesting one here is Home Depot at a 10% discount. There are a few other brands like Chipotle, Gap, Applebee’s, and a few others as well.
Increased shopping portal rates on select brands like 5% at Walmart/Sam’s, 10% at Nike and Lowe’s, and a few more. I typically just compare on cashbackmonitor before making a purchase.