10 Ways to Use 104,000 Chase Ultimate Rewards Points – Physician on FIRE

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104,000 factors. That’s an oddly particular range, no?

It is, but it’s the minimal quantity of Chase Ultimate Rewards points you’ll have after meeting the minimum spend requirement of $four,000 on your first three months to earn the welcome bonus on your new Chase Sapphire Preferred card.

The bonus is 100,000 points, and also you’ll get at least one point in keeping with dollar spent, even though with double points on huge classes like journey and dining out, you’ll more than likely have someplace among one zero five,000 and 107,000 points, relying to your spending behavior.

That stability will glaringly continue to grow as you use the cardboard after accomplishing the minimal spend requirement and are provided the bonus.

If you need it to develop certainly quick, there’s one more card with a a hundred,000 point bonus — the Chase Ink Business Preferred. You have to have some form of business to get the cardboard, and the minimal spend is quite a chunk better at $15,000 within the first 3 months.

If you were to get each the Sapphire Preferred card and the Ink Business Preferred card and earn the welcome bonus for every, you’d in all likelihood have over 220,000 points at your disposal!

Once you’ve racked up an impressive point stability, you’ll need to do something with the ones points. Unlike your coins and investments, rewards factors don’t earn hobby, so sitting on them doesn’t actually do you a great deal true.

There are quite a few alternatives while you visit redeem your Chase Ultimate Rewards factors, and some of them are clearly higher than others.

For the sake of completeness, I’ll point out some alternatives that I would in no way propose, mainly so that you’re now not nudged into wasting your points unnecessarilty. The higher redemption options will come later down the list.

#1 Use Chase Ultimate Rewards Points to Shop Directly at Amazon

Or don’t, I Sapphire should say. Charge your Prime Day purchases directly to a credit card that gives you extra points just like the co-branded card that offers five% lower back on Amazon purchases.

For one Sapphire element, you gained’t earn any points whilst buying stuff together with your Chase UR factors at Amazon.com.

More importantly, the redemption charge is awful. With my Chase Sapphire Reserve card, the one hundred sixty,946 factors I’ve racked up are well worth a measly $1,287.57 while used to store at Amazon. That’s approximately zero.eight cents in keeping with point.

Remember what Nancy Reagan informed you and Just Say No to this selection.

gee, thanks, however no thanks.#2 Buy Gift Cards

You can use your points to shop for gift cards for masses of famous eating places and shops. Gift playing cards can make great items, which I think is why they call them that.

While I’m no longer a big fan of the usage of factors for present playing cards, while the playing cards are on sale, this may be a feasible option if you have been planning to spend money with that service provider regardless.

This is particularly genuine if you don’t have a Sapphire card this is more precious while redeemed for tour or different redemptions, as we’ll cowl under.

Most present card options are worth 1 cent consistent with factor, however your factors can cross a bit similarly with pick redemption options. Below are the cards which might be discounted in June of 2021.

#three Get Cash Back

This is a completely easy option to take, and in case you in no way, ever tour, it’d absolutely be your satisfactory wager, even though the Pay Yourself Back choice (see #eight) is a better option if you are a Sapphire cardholder.

The points are well worth 1 cent apiece when you get directly coins again, so 104,000 points receives you $1,040. When you bear in mind that you handiest had to spend $four,000 to get $1,040 lower back, that’s like getting an extra 26% discount on everything you bought with that first $4,000 charged to the Sapphire Preferred card!

You can pick out to have the cash deposited to the financial institution account of your desire or follow it as a credit for your statement stability.

#4 Buy Apple Products Directly

From time to time (such as on the time of this article’s publication), your Chase Ultimate Rewards points pass similarly when shopping for Apple products together with your points.

Using the Chase Sapphire Preferred, you get 1.25 cents consistent with point. With the Sapphire Reserve card, your factors could be 1.5 cents every whilst used to buy Apple merchandise. The identical ratio will follow to direct travel reserving, as we’ll speak below.

You can use your points to buy an iPhone, iMac, Beats headphones, and quite a whole lot the whole thing else Apple sells. For example, using my Sapphire Reserve card, I can get a $999 MacBook Air for 66,600 points. Using a Sapphire Preferred card, the identical MacBook would set you lower back 79,920 points.

#five Transfer Points to a More Valuable Card

Chase offers you the option of mixing factors. If you’re incomes UR factors on a Chase Freedom Flex or Freedom Unlimited card, you could transfer them to a Sapphire card in which the factors are extra precious.

In this example, I had just underneath 10,000 points on my Chase Freedom card (where I earned 5 points in line with dollar on gasoline in the 2nd sector of 2021). I transferred them to my Sapphire Preferred card where I can redeem the points for travel (or Apple merchandise if I had been an iGuy) at 1.5 cents in step with point.

Effectively, I can earn 7.5 cents per greenback spent on rotating classes with my Chase Freedom card or with the more moderen Freedom Flex card.

You can also switch factors to a spouse’s card. Let say you have got the Preferred card and your accomplice has the Reserve. The clever circulate would be to transport the points to the account with the Reserve card. If you’re paying that $550 annual price, you may as nicely get the maximum bang in your buck!

#6 Redeem Directly for Travel through the Chase Portal

If you’ve ever used Expedia to compare charges or book tour, then the Chase portal will appearance very acquainted. It’s powered by way of the Expedia seek engine.

You can look for flights, resort rooms, apartment automobiles, and greater. You’ll get results from most essential airways, resort chains, and automobile apartment groups, and the price is usually the identical fee you’ll find whilst reserving directly at the companies’ websites.

When the usage of your factors this manner, you get 1.25 cents per factor with the Sapphire Preferred card or Ink Business Preferred card and 1.five cents consistent with point with the Sapphire Reserve.

This is a exquisite option for people who aren’t inquisitive about looking into transferring factors to Chase’s travel companions or participating within the numerous travel companies’ reward applications.

It’s also a first-rate manner to use factors while you discover a very low price on airfare or a hotel stay. It is probably a waste of factors to transfer them to a travel accomplice while the greenback cost of the journey you want to take is so low.

Below, you’ll see some screenshots from my recent reserving of a nonstop flight from Chicago to Minneapolis and a couple of nights at a pleasing inn in downtown Minneapolis.

The 4 one-manner flights price me 17,706 factors, and a pair of nights at the Hilton set me returned sixteen,572 factors. That provides up just shy of one/three of the 104,000 factors you can presently earn quickly with a brand new Sapphire Preferred card.

That way I may want to doubtlessly e-book 12 one-manner flights on this rate range and 6 nights at a four-star Hilton with my 104,000 factors! That’s lots of tour.

Note that in case you’ve acquired a welcome bonus on both Sapphire card in the preceding forty eight months, you may now not be eligible to acquire the bonus again. Also, if you’ve opened 5 or more new credit card accounts within the closing 24 months, Chase will possibly deny your application. They like to discourage card churning conduct.

entering the portalattempting to find a flightflight bookedfactors redeemedresort booked

Chase Sapphire Preferred

100,000 Points desirable for $1,250 or more in travel with a $4,000 spend in three months

PoF Summary

The Chase Sapphire Preferred is an super first (or best) card with an all-time high welcome bonus! Flexible rewards excellent for cash, journey, or transfer to tour companions, splendid tour protection and perks, plus new Peloton, Lyft & DoorDash perks!

#7 Pay Yourself Back

This is similar to the coins lower back option, however you genuinely get a lot more coins back!

I’ll be sincere; I handiest located this feature when doing research for this publish, and I’m happy I did. The redemption price is same to purchasing tour thru the Chase Travel Portal — 1.25 cents consistent with point with the Sapphire Preferred card and 1.five cents in line with factor with the Sapphire Reserve.

Only pick transactions can be eligible — presently along with journey, grocery stores, domestic development stores, and eating — and you may best pay your self again for fees made within the final ninety days.

For a few motive, you can handiest pick out 12 fees at a time to be reimbursed for, however you can put up Pay Yourself Back requests back-to-again-to-returned till you run out of eligible purchases to be paid lower back for.

#eight Donate Money

As a part of the Pay Yourself Back characteristic, you can be reimbursed for donations to pick out charities.

Simply make the donation to your credit score card and later request compensation for those charges by using your Chase Ultimate Rewards points.

If you itemize deductions, you should still be able to claim the charitable donation. Yes, you’re later cashing in a few points for a cash quantity same to what you donated, however don’t forget that money is fungible. Those areseparate transactions that can be linked, but the charity nevertheless obtained the money you sent them.

Personally, I opt to make donations via a donor cautioned fund, and the charities could probably favor to keep away from the credit card transaction expenses, however any program that encourages donations to charitable organizations is A-OK in my ebook.

Donations to those charities are eligible for the Pay Yourself Back choice:

American Red Cross

Equal Justice Initiative

Feeding America

Habitat for Humanity

International Medical Corporation

Leadership Education Fund

NAACP Legal Defense and Education Fund

National Urban League

Thurgood Marshall College Fund

United Negro College Fund

United WayWorld Central Kitchen

#9 Transfer Points to Airline Frequent Flyer Programs

This is in which you may really get the most bang to your buck.

You additionally should positioned inside the most effort, however redemptions at 2 cents in line with factor or higher are not uncommon. If you like to travel commercial enterprise or first elegance, you may do even higher.

United and Southwest are probably the two maximum famous U.S. airlines which can be direct journey partners, however there are quite a few others, including

Aer Lingus

British Airways


Air France / KLM



Singapore Airlines

Virgin Atlantic

If you want to ebook a Delta flight, you could generally find them with Air France / KLM (a SkyTeam Alliance airline like Delta) or through Virgin Atlantic (a non-SkyTeam partner of Delta — Delta owns 49% of Virgin Atlantic).

For American Airlines, again, they’re not a direct travel companion, however as part of the OneWorld Alliance, you may locate their flights on member airlines British Airways and Iberia.

It will take a bit more time than an immediate booking thru the Chase Portal, and also you must first be part of the rewards application of the airline earlier than you can switch factors there.

However, in case you locate that you may e book a flight at a redemption offering higher than 1.five cents in line with point (always examine the coins fee to the factor redemption price), it can thoroughly be well worth your effort and time.

Note that points generally have to be transferred in 1,000 factor increments.

#10 Transfer Points to Hotel Rewards Programs

You’ve were given three alternatives right here, but given the award charts, you’re maximum probable to the first-class redemptions with  the World of Hyatt software, in which lodge nights begin at most effective three,500 points.

Your other 2 options are the numerous chains below the Marriott Bonvoy umbrella and the IHG accommodations, which might be anchored by using the Holiday Inn chains.

As you must with the airline redemptions, always examine the cash fee to the number of points you’ll ought to use to get the identical room. You may additionally locate, specifically when looking higher-stop Hyatt lodges, that you could discover redemptions inside the 2 to 3 cent according to point variety.

Anything better than 1.5 cents in step with point is a solid redemption. Happy hunting!

Chase Sapphire Preferred as opposed to Chase Sapphire Reserve

You probably noticed that the Sapphire Reserve card gives you better redemption credit score whilst reserving travel via the Chase Portal, purchasing for Apple merchandise, and the usage of the Pay Yourself Back choice.

You do pay a rate for that premium, because the Reserve card is a top rate card with an annual rate to suit. Currently, the once a year rate is $550. That may be partly offset with a $300 tour credit score that’s routinely applied, essentially making the yearly charge $250.

For that, you get the better redemption alternatives, loose access for 3 people into Priority Pass airport lounges, extra Peloton reimbursement ($120 in 2021 as opposed to $60 for the Preferred card) and a few other perks.

The Sapphire Preferred card has the tons better welcome bonus, besting the Reserve by way of forty,000 factors (a $500+ better cost) and the yearly price is considerably decrease at $ninety five.

Both playing cards give you exquisite tour perks, even though the Reserve card does upload clinical evacuation coverage on trips of up to 60 days in duration.

Chase Sapphire Preferred

100,000 Points exact for $1,250 in travel or extra with a $four,000 spend in 3 months

PoF Summary

The Chase Sapphire Preferred is an great first (or most effective) card with an all-time excessive welcome bonus! Flexible rewards properly for coins, travel, or switch to travel partners, super tour protection & new Peloton, Lyft & DoorDash perks! $95 Annual Fee

Chase Sapphire Reserve

60,000 Points with a $four,000 spend in three months

PoF Summary

The Chase Sapphire Reserve offers incredible journey perks consisting of Priority Pass front room get right of entry to, a credit score for Global Entry or TSA Pre✓ and a $300 annual travel credit score. Elevated Peloton, Lyft and DoorDash benefits. $550 Annual Fee

If you’re a common traveler that enjoys the airport lounges, the Chase Sapphire Reserve card may be really worth the greater cost.

If now not, the Chase Sapphire Preferred, with its modern all-time-high welcome bonus, is a first rate all-around journey rewards card that merits a outstanding region for your pockets.

Finally, don’t forget about to don’t forget the Chase Ink Business Preferred for some other a hundred and fifteen,000+ factors in case you are a business proprietor who plans to spend $15,000 inside the first 3 months with the cardboard.

Chase Ink Business Preferred

100,000 factors with $15,000 spend in three months

PoF Summary

The Chase Ink Business Preferred gives three factors in step with $1 spent on tour & choose commercial enterprise categores. 1 factor in line with dollar on all else. No overseas transaction charges (not like different Chase Ink Business cards. $95 annual charge.

Now start making plans what you’ll do when you’ve got a further 104,000 factors to play around with!

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