Chase Freedom® Student with Ultimate Rewards® Program Agreement

Chase Freedom

Student with Ultimate Rewards

Program Agreement

Important information about the program and

this agreement

• This document describes how the Ultimate Rewards program

works and is an agreement between you and Chase. You

agree that use of your account or any feature of this program

indicates your acceptance of the terms of this agreement. In

this document, the following words have special meanings:

› “agreement” means this document

› “program” means this Ultimate Rewards program

› “account” means your credit card account that is linked

to this program

› “card” means any credit card or account number used

to access your account

› “we,” “us,” “our,” and “Chase” mean JPMorgan Chase

Bank, N.A. Member FDIC and its affiliates

› “you” and “your” mean the person responsible for the

account and for complying with this agreement

› “authorized user” means anyone you permit to use the

account

› “Cash Back rewards” are the rewards you earn under

the program. Cash Back rewards are tracked as points

and each $1 in Cash Back rewards earned is equal to

100 points. You may simply see “Cash Back” in

marketing materials when referring to the rewards you

earn. You may also see, “points” or “Ultimate Rewards

points” when referring to the points you can use.

› “purchases” is defined in the section of this agreement

titled How you can earn points

› “Chase Travel” means the websites, phone numbers

and customer service channels operated by, or

available through, Chase and its affiliated travel

companies through which you may book travel under

the program, including chasetravel.com and

chase.com/ultimaterewards.

› “misuse” means the improper use of the program, card,

or account in a manner inconsistent with the terms and

conditions you’ve agreed to, including this Rewards

Program Agreement, the cardmember agreement, or

the terms and conditions of a third-party merchant or

service provider program, through which points may be

used or transferred under this program.

· Examples of misuse include, but are not limited to:

- your failure to make the minimum payment

on your account when due;

- buying or selling points;

- selling, or participating in the sale or

exchange of, gift cards, travel or other items

of value obtained through use of points;

- repeatedly opening or otherwise maintaining

credit card accounts for the purpose of

generating rewards;

- manufacturing spend for the purpose of

generating rewards;

- moving or transferring points to an ineligible

third party or account.

• We may make changes to the program and the terms of this

agreement at any time. For some changes we’ll give you 30

days’ notice (or longer if required by law) as described in the

Notice of changes section below.

• We may temporarily prohibit you from earning points, using

points you’ve already earned, or using any features of the

program.

• We may supplement this agreement with additional terms,

conditions, disclosures, and agreements that will be

considered part of this agreement.

• We may refer to this agreement as the “Rewards Program

Agreement” or “Rewards Program Rules and Regulations” in

communications about the program and in supplemental

terms, conditions, disclosures, and agreements. This version

of the agreement takes the place of any earlier versions.

Notice of changes

• We’ll give you 30 days’ notice (or longer if required by law) of

the following types of changes to the program or this

agreement:

› if we add or increase fees applicable to the program

› if we decrease the rate at which you earn points

› if we limit the number of points you can earn

› if we limit or reduce the ways you can use points

› if we reduce the value of points

› if we cancel the program

• We’ll send this notice to you in writing, which, at our option,

may be delivered to you in the mail or electronically by email

or through our online services, such as chase.com or the

Chase Mobile App.

• We’ll give you notice of other changes to the program or

agreement by posting an updated copy of this agreement

when you log in to our website, chase.com/ultimaterewards.

• We won’t provide prior notice when we change what you can

get with your points within particular redemption options (for

example, we won’t provide notice if the selection or

availability of gift cards change, or if a specific product or

experience is out of stock through the program). You

understand and agree that we can make these changes at

any time. Future availability of any specific items isn’t

guaranteed.

• You can see what you currently can get with your points

when you log in to our website, chase.com/ultimaterewards.

How you can earn points

• You’ll earn points on purchases of products and services,

minus returns or refunds (collectively, the “purchases”), made

with a card by you or an authorized user of the account.

Buying products and services with your card, in most cases,

will count as a purchase; however, the following types of

transactions won’t count and won’t earn points:

› balance transfers

› cash advances or cash-like transactions

› travelers checks, foreign currency, money orders or wire

Chase Freedom

Student with Ultimate Rewards

Program Agreement

transfers

› lottery tickets, casino gaming chips, race track wagers

or similar betting transactions

› any checks that access your account

› interest

› unauthorized or fraudulent charges

› fees of any kind, including an annual fee, if applicable

• You’ll earn:

› 1% Cash Back rewards for each $1 spent. This

equates to $0.01 in Cash Back rewards, which is equal

to 1 point, for each $1 spent.

· For example, if you spend $100, you will earn $1

in Cash Back rewards, which is equal to 100

points.

› $20 Good Standing rewards: You’ll receive 2,000

points, which can be redeemed for $20, after each

account anniversary year for the first 5 years. To qualify

for Good Standing rewards each account anniversary

year, your account must be open and not in default, as

defined in your Cardmember Agreement, at the time of

fulfillment. Please allow 6-8 weeks after each account

anniversary year you qualify, for Good Standing

rewards to post to your account.

· “account anniversary year” means the year

beginning with your account open date through

the anniversary of your account open date, and

each 12 months after that.

Ways to earn bonus points

• We may offer you ways to earn bonus points through the

program, such as Refer-a-Friend, Shop through Chase

special promotions. You’ll find out more about the number of

bonus points you can earn, the duration of the offer and

expiration date, if any, and any other terms at the time of the

offer. The additional terms will be part of this agreement. The

natural expiration of a limited time bonus point offer is not a

modification to the program that requires notification.

Other information about the earning and

availability of points

• Points are earned at the close of each monthly billing cycle,

based on the purchases made during that billing cycle, plus

any bonus points posted during that billing cycle, but minus

any returns or refunds. If you have more returns or refunds

than points earned from purchases or bonuses, then points

will be deducted from your total point balance and may result

in a negative point balance.

• You’ll see points you’ve earned on chase.com and on your

monthly card billing statement.

• We may, from time to time, provide additional ways for you to

see points you’ve earned, such as through Chase or third-

party mobile application(s).

• Points earned in a monthly billing cycle are generally available

to be used at the beginning of the next billing cycle; however,

points earned on purchases made near the end of a billing

cycle may take up to one additional billing cycle to become

available.

How you can use your points

• You can use your points to redeem for any available reward

options. Options may include: cash, gift cards, travel, and pay

with points for products or services made available through

the program or directly from third parties. You can also

combine points with your other eligible Chase cards that

have Ultimate Rewards.

• We may, from time to time, provide additional ways for you to

use your points in addition to those described in this

agreement, such as through Chase or third parties.

• Redemption values for reward options vary.

› When you use points to redeem for cash, gift cards,

and travel, each point is worth $.01 (one cent), which

means that 100 points equals $1 in redemption value.

› Redemption values for other reward options may be

worth more or less than this.

• You are responsible for how points are used, including if you

allow authorized users to access your points.

• To use your points, minimum and maximum amounts may

apply. We’ll let you know about any minimum or maximum

amounts, as well as any additional terms and conditions,

before you use your points.

• Once points have been used, the transaction is considered

final and may not be canceled unless otherwise noted.

• The amount of time it takes for the delivery of items depends

on the item. Some items can’t be shipped to PO Boxes or

foreign addresses.

• Applicable sales/use taxes, fees, surcharges, and shipping

and handling charges are your responsibility.

• We’re not responsible for replacing lost, stolen or damaged

redemption items, including certificates, tickets or gift cards

or for a merchant’s failure to honor them.

Cash

• You can use points to redeem for cash through an account

statement credit or an electronic deposit into an eligible

checking or savings account held by a financial institution

located in the United States.

• Go to chase.com/ultimaterewards, call the number on the

back of your card or visit a Chase branch to request your

cash.

• Account statement credits will reduce your account balance.

Unless the total amount of credits and payments applied to

your account between the statement closing date and the

payment due date equal or exceed your statement balance,

you are still required to pay your minimum payment or your

remaining statement balance, whichever is less, by the

payment due date.

Gift cards

• You can use points for gift cards and gift certificates through

the program.

• Go to chase.com/ultimaterewards, call the number on the

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Student with Ultimate Rewards

Program Agreement

back of your card or visit a Chase branch to order gift cards

and gift certificates.

• Gift cards and gift certificates are valid at participating

merchants only, and are subject to the issuer’s terms and

conditions, which, if permitted by law, address expiration

policies and non-usage fees and can be changed at the sole

discretion of the issuer.

Travel

• You can use points for available airline tickets, hotel

accommodations, car rentals, activities and cruises through

Chase Travel.

• You can book Chase Travel at chasetravel.com or call the

number on the back of your card.

• A service fee may be charged for calling Chase Travel to

book. We’ll let you know of the amount of any service fee, if

applicable, before you book.

• If you don’t have enough points to book your travel, you can

pay the additional cost with your card. You can also book

most travel through Chase Travel without any points by using

your card to pay for it. Minimum point amounts may apply to

some bookings.

• Additional terms, conditions and disclosures may apply and

will be provided to you before booking your travel and will be

part of this agreement.

• For airline ticket, hotel and cruise reservations, government-

issued photo identification is required at check-in and must

match the name on the reservation. For international travel, a

passport is required and a visa may be required along with

satisfaction of health requirements. Please contact the

consulate of the destination country, as well as any layover

and stopover destinations, for current visa/passport and other

entry requirements.

• For any change or cancelation requests, go to

chasetravel.com or call the number on the back of your card.

Change or cancelation fees may apply and will be charged

directly to your account. Change or cancelation fees are

based on the cash price of travel. If a refund is granted for

travel booked in whole or in part with points, you’ll receive a

credit to your points balance for the amount of points used. If

you fail to arrive for your booked travel arrangements as

scheduled, all payments whether made with points or your

card will be forfeited.

• All additional costs, such as baggage fees, seat fees, fees

charged by the airlines, passenger facility charges,

international entry or departure taxes and/or fees, resort fees,

hotel energy surcharges, any charges for one-way car rentals,

car add-ons or accessories, incidentals and any applicable

local taxes and fees, are at the traveler’s expense. Travelers

should be prepared to pay in cash, in local currency, on

location directly to the travel service provider.

• All airline tickets will be issued as e-tickets, unless e-tickets

are not available due to airline restrictions. If an e-ticket is

unavailable, you’ll be mailed a paper ticket at no charge.

However, if an e-ticket is available and you request a paper

ticket, you may be charged a service fee and

shipping/handling charges. All paper tickets will be shipped

within 48 hours to the address you provide.

• For car rentals, minimum age requirements may vary and

there may be a maximum age. Some hotels have a minimum

age requirement for check-in.

• For additional information about Chase Travel, please click on

the Travel Disclosures link which can be found at the bottom

of chasetravel.com. The Travel Disclosures are a part of this

agreement.

Pay with Points for products and services

• We may give you opportunities to use your points for all or

part of a payment for the purchase of eligible products or

services directly through third-party merchants or service

providers. In order to do so, you must either be automatically

enrolled or complete the self-registration process directly

with the merchant or service provider.

› To participate, you may be required to authorize Chase

to share information about your account with the third

party. We’ll provide you with additional details as

required by law.

› After you are enrolled, Chase will provide the third party

with information about your participation in the program,

including your program points balance.

› Points will not be used without your permission. You

select when and how many points are used each time

you make a purchase with the third party, unless you

opt into a default payment feature offered by the third

party. In that case, your points will be applied

automatically in accordance with your selected default

payment settings.

› The redemption value of points may be worth less when

using them directly through third-party merchants or

service providers than the redemption value of points

used for reward options offered directly through the

program.

› We’ll deduct the number of points that you use from

your program points balance. Your points balance may

not reflect pending transactions until the order has

shipped.

› Returns and point refunds are subject to the policies of

the third party.

› Any additional terms, conditions, disclosures or

agreements provided by us or the third party related to

the use of points will be part of this agreement.

› Auto-enrollment.

· You may be automatically enrolled with a third

party if:

- You currently have a card stored in the

account you maintain with that third party;

- You add a card to the account you maintain

with the third party.

· Third parties may require you to take additional

action prior to automatically enrolling you.

Chase Freedom

Student with Ultimate Rewards

Program Agreement

· Your Ultimate Rewards account will be linked to

the account you maintain with the third party,

based on the card you save on file with them.

· You will receive an email from the third party

informing you of the auto-enrollment and how to

de-enroll if you do not want to participate.

· You may de-enroll at any time.

• We may give you opportunities to use your points to pay for

products or services from third-party merchants directly

through the program.

• Products or services may not always be available and

may change without notice.

• The redemption value of points may be worth less than

other reward options offered directly through the

program.

• Any additional terms, conditions, disclosures or

agreements provided by us related to the products or

services you obtain will be part of this agreement.

Combine points with other Chase cards with

Ultimate Rewards

• You can move your points, but only to another Chase card

with Ultimate Rewards belonging to you or one member of

your household.

• You can’t move points to another eligible card if either

account is prohibited from earning or using points at the time

you attempt to move the points.

• Go to chase.com/ultimaterewards, call the number on the

back of your card or visit a Chase branch to move your

points.

How you could be prohibited from earning or

using points

• We may temporarily prohibit you from earning points or using

points you’ve already earned if we suspect you’ve engaged in

misuse or fraudulent activity related to your account or the

program.

• You can begin earning and using points again in the next

billing cycle after you make a payment to your account

sufficient to become current or when we otherwise no longer

suspect misuse or fraud of the account or program.

How you could lose your points

• Your points don’t expire as long as your account is

open; however, you’ll immediately lose all your points

if your account status changes, or your account is

closed, for misuse, fraud, or any of the following

reasons:

› you fail to comply with other agreements you have with

Chase

› we believe you may be unwilling or unable to pay your

debts on time, including filing for bankruptcy

› we believe that you’ve engaged in fraudulent activity

related to your account or the program

• We won’t reinstate points you lose, unless we’ve made an

error.

• If your account is closed for any other reason, you’ll have at

least 30 days from the date your account is closed to use

your points, as long as you don’t lose them for any of the

reasons described in this agreement. If you don’t use your

points during that time, you’ll lose them unless limited or

prohibited by law, in which case your unused points will be

automatically redeemed for cash in the form of an account

statement credit.

• If we decide to cancel the program, you’ll have at least 30

days from the date we cancel the program to use your points,

as long as you don’t lose them for any of the reasons

described in this agreement. If you don’t use your points

during that time, you’ll lose them.

• If we’re notified of your death, your points will be

automatically redeemed for cash in the form of an account

statement credit.

Other important information you should know

• Unless required by law, points aren’t your property. Points

have no value until redeemed. You can’t transfer or move

points unless expressly provided for in this agreement.

Additionally, points can’t be transferred by operation of law,

such as by inheritance, in bankruptcy or in connection with a

divorce.

• Your participation in the program may result in miscellaneous

income received from Chase and we may be required to send

you, and file with the IRS, a Form 1099-MISC (Miscellaneous

Information) or Form 1042-S (Foreign Person’s U.S. Source

Income Subject to Withholding) for the year in which you

participate and are awarded the benefits of the program. You

are responsible for any tax liability related to participating in

the program. Please consult your own tax advisor if you have

any questions about your personal tax situation.

• We may assign our rights and obligations under this

agreement to a third party, who will then be entitled to any of

our rights that we assign to them.

• We’re not responsible for any disputes you may have with any

authorized users on your account about the program.

• Chase and its third-party service providers and their

respective affiliates, directors, officers, employees, agents or

contractors make no representations or warranties, either

express or implied, including, those of merchantability, fitness

for intended use or a particular purpose and otherwise arising

by law, custom, usage, trade practice, course of dealing or

course of performance. You release Chase, its third-party

service providers, and their respective affiliates, directors,

officers, employees, agents and contractors for all activity in

connection with the program, including but not limited to, use

of the program, and any redemption for or purchase of

products or services through the program.

• You agree to indemnify and hold Chase and its third-party

service providers and all of their respective affiliates,

directors, officers, employees, agents and contractors

harmless from and against any loss, damage, liability, cost, or

expense of any kind (including attorneys’ fees) arising from

your or an authorized user’s: use of the program, any fraud or

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Student with Ultimate Rewards

Program Agreement

misuse of the program, violation of this agreement and/or

violation of any applicable law or the rights of any third party.

• The merchants and third-party service providers that

participate in the program are not affiliated with us and are

not sponsors or co-sponsors of the program. All participating

merchant and third-party service provider names, logos, and

marks are used with permission and are the property of their

respective owners. Participating merchants and third-party

service providers are subject to change without notice.

• Participating merchants and third-party service providers are

responsible for the quality and performance of any products

or services they provide. Chase is not responsible for any

aspects of the products and services provided by

participating merchants or third-party service providers.

• The program is void where prohibited by federal, state, or

local law.

• This agreement and use of the program is governed by

federal law, as well as the law of Delaware, and will apply no

matter where you live or use the program.

• We may enforce the terms of this agreement at any time. We

may delay enforcement without losing our right to enforce this

agreement at a later time. If any term of this agreement is

found to be unenforceable, we may still enforce the other

terms.

Communications

• We may send communications about the program to you at

any mailing or email address in our records or through our

online services, such as chase.com or the Chase Mobile App.

• Let us know right away about any changes to your contact

information using the Cardmember Services address on your

card billing statement or call the phone number on the back

of your card.

Telephone monitoring

• You agree that Chase and its third-party service providers

may listen to and record telephone calls as part of providing

program services.

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