Chase has a promotion for Happy gift cards. You can get a discount of 10% when you redeem Ultimate Rewards points for four different Happy gift card types. You can find the deals here.
You can redeem 1,800 points for a $20 gift card and up to 18,000 points for a $200 gift card. The eligible types are:
- Happy Moments
- Happy Dining
- Happy Bride
- Happy Teen
Definitely not the best use of Chase Ultimate Rewards points, as you can often do much better if you transfer to travel partners. You can also redeem for travel for 1.5 cents each if you have a Chase Sapphire Reserve card, or 1.25 if you have a Chase Sapphire Preferred card. But if you have just a small amount of points that you’re looking to redeem, this could be a decent option.