With a credit card, you can carry a balance and accrue interest if necessary. Note this is not advised by me. The points game does not work well, if you are carrying a balance and accruing interest. See #4 in Let’s Get Started To Earning Free Travel.
Your Cash Back Rewards are tracked as points in the Chase Ultimate Rewards program. Each penny in Cash Back Rewards earned is equal to 1 point. As indicated below, your points can be redeemed for cash back or any of the other redemption opportunities provided through Chase Ultimate Rewards if you also have the Chase Ink Plus or Chase Sapphire Preferred. Learn about the Chase Ultimate Rewards Program here.
1. Earn 1.5 points per dollar on EVERY PURCHASE.