Starting today Chase is changing where they’ll allow you to transfer your Ultimate Rewards (UR) points, which are earned from their Sapphire Preferred, Freedom and Ink series of cards.
In the past, you could transfer URs to a family member who lived at the same address. Now you can only transfer the points to a household member who is listed as an authorized user on your credit card. For business cards, you can only transfer points to yourself or an owner of the company who is listed as an authorized user on your card account.
Note that this does not change the ability of families to pool URs within the Chase system, only the ability to transfer those points to a frequent flyer or hotel program.
I expect this will make things more difficult for families who in the past could use URs to top off a child’s frequent flyer account. As a single person this doesn’t really affect me.