The Best Ways to Spend Your Chase Sapphire Preferred Welcome Bonus

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The Chase Sapphire Preferred has been one of the maximum popular rewards credit playing cards available for nearly a decade, way to benefits like bonus points on travel and eating purchases and the potential to switch points to more than a dozen airline and inn partners. 

As tour begins its road to restoration in 2021, now is a first rate time to work on earning welcome bonuses to coins in down the line: The Chase Sapphire Preferred is presently presenting a welcome bonus of a hundred,000 factors when you spend $four,000 in the first three months. 

That appears like a variety of points, however what does it simply get you? We’re going to observe some one-of-a-kind methods you could redeem one hundred,000 Chase Ultimate Sapphire Rewards factors for journey so that you gain the most price from them.

In case you are looking to stock up on Ultimate Rewards factors with exclusive playing cards, the Chase Sapphire Reserve is providing 60,000 bonus factors after you make $four,000 in purchases in the first 3 months. In addition to a higher annual rate of $550, it also gives top rate perks like airport front room access, $300 in annual journey statement credits, as much as $a hundred and twenty off DoorDash orders in 2021, and a Global Entry or TSA Precheck utility price announcement credit each 4 years.

Learn extra about applying for the Chase Sapphire Reserve here.

Chase also gives a credit card for small organizations that earns Ultimate Rewards factors referred to as the Ink Business Preferred. Its sign-up bonus is presently 100,000 bonus points after spending $15,000 inside the first 3 months. The Ink Business Preferred earns 3 points per dollar on up to $a hundred and fifty,000 spent every year on journey, delivery, cable, smartphone, internet, and advertising and marketing purchases. Its annual rate is $95, which is similar to the Chase Sapphire Preferred.

Learn extra about making use of for the Chase Ink Business Preferred right here.

Below, everything to get you started out on redeeming your Chase Sapphire Preferred welcome bonus.

What are Ultimate Rewards points?

First, a short primer on Ultimate Rewards factors, and the way you may use them. Depending on the Chase card you convey, you could both redeem your Ultimate Rewards factors as cash back for purchases, including travel bookings, or you could transfer them to thirteen accomplice programs. They include:

Airline Partner Programs

· Aer Lingus AerClub

· Air France/KLM Flying Blue

· British Airways Executive Club

· Emirates Skywards

· Iberia Plus

· JetBlue TrueBlue

· Singapore Airlines KrisFlyer

· Southwest Rapid Rewards

· United MileagePlus

· Virgin Atlantic

Hotel Partner Programs

· World of Hyatt

· IHG Rewards Club

· Marriott Bonvoy

Ultimate Rewards points convert to the points or miles of these types of packages at a ratio of one:1, and for the maximum component, transfers take region right away. You just must link your Ultimate Rewards account in your person frequent flier and hotel factors profiles and you could transfer at will.

The other major way to redeem Ultimate Rewards points for travel is to log into the Chase tour portal, that is powered by way of Expedia. If you have got the Chase Sapphire Preferred or Ink Business Preferred, your factors are well worth 1.25 cents apiece closer to flights, lodge reservations, vehicle leases, excursions and cruises. Those with the Chase Sapphire Reserve get 1.five cents per factor in value.

Your welcome bonus can get you to Hawaii—with masses of factors to spare.

ademyan / Getty ImagesBest approaches to redeem a hundred,000 Ultimate Rewards points

With that in thoughts, right here are a few redemption possibilities that constitute a high-quality use of Ultimate Rewards points.

The key to getting the most price from your Ultimate Rewards factors is to think creatively about this system’s transfer companions Sapphire (and the companions of these companions, like airline alliance members). You must also take a near examine the real greenback or cent fee you get from every point you redeem, based totally on some simple math. Here are 5 concrete pointers for while it’s secure to tour again.

1. Take a romantic trip to Hawaii

One of the most flexible switch companions of Ultimate Rewards is the British Airways Executive Club application due to the fact British Airways is companions with each American Airlines and Alaska Airlines. The program’s award mileage requirements are based totally on flight distances as opposed to charts with set values or dynamic pricing models where the greater highly-priced the flight, the extra miles you need to redeem for it. What all which means in sensible terms is that in case you need to fly from the West Coast to Hawaii, you may want far fewer British Airways Avios to fly either American Airlines or Alaska Airlines than the use of those carriers’ very own miles.

For instance, one round-journey economic system award price ticket from Los Angeles to Honolulu, Maui, or Kona on either American Airlines or Alaska expenses simply 26,000 British Airways Avios (and as a switch accomplice, this can handiest require 26,000 Chase Ultimate Points—so the modern-day welcome bonus may be sufficient to cover you and a big other). By assessment, you normally need both 45,000 American Airlines miles or among 30,000 to 50,000 Alaska miles for the identical itinerary. You are saving yourself around half the factors or miles by using British Airways Avios instead of American or Alaska miles.

2. Book a live with Hyatt

Compared to different resort loyalty programs like Hilton Honors and Marriott Bonvoy, World of Hyatt has relatively low redemption charges for praise nights. The points required range among 3,500-45,000 in keeping with night. The a hundred,000-point signal-up bonus from the Chase Sapphire Preferred is generally sufficient for a – to three-night stay in Category 7 residences, which fee between 25,000-35,000 points in keeping with night time depending at the assets and the season.

This tier includes a number of the chain’s maximum iconic luxurious properties wherein room fees often top $800 in step with night time, such as the Park Hyatt Sydney with its remarkable Opera House views and the stylish Park Hyatt Paris-Vendôme.

three. Fly the world over using United miles

United has been overhauling its MileagePlus software lately and transitioning to a dynamic pricing model with award fees more intently matched to paid fares. That approach a price tag that expenses $50 may require five,000 miles, however if it fee $250, you would possibly need to redeem 25,000 miles for it. However, award fees at the airline’s numerous Star Alliance and different airline companions, which includes All Nippon Airways, Lufthansa, Singapore Airlines, and Swiss, tend to remain quite strong.

You can commonly reserve a round-journey economic system price ticket from the U.S. to Europe on United or its companions for 60,000 miles, or fly one-way in business class on United for 60,000 miles or on partners for 70,000 miles. You also can redeem 70,000 for a spherical-journey economic system price ticket to various Asian destinations which include Tokyo and Shanghai, or a one-way enterprise-elegance price ticket for eighty,000 miles.

We’ve visible a few extraordinary economic system fares as little as $300 spherical-ride to Europe and $400 to Asia inside the beyond two years, so double check paid fares before booking your award. However, business-elegance tickets can top $6,000 each way from the U.S. to either Europe or Asia, and redeeming your miles that manner might be a better option (and a more amusing flight revel in, too).

four. Don’t overlook about JetBlue and Southwest

JetBlue and Southwest each have really robust path networks inside the U.S. in addition to flights to different locations which include Mexico, the Caribbean and Hawaii (for Southwest). What’s more, their mileage packages feature more like cash-again rewards rather than traditional frequent flier miles. Basically, each Southwest or JetBlue factor is well worth a hard and fast price in the direction of airfare. So if a seat is available on a flight and you’ve sufficient factors to cover the cost, you could book it without having to worry approximately the supply of unique award tickets beginning up.

Southwest factors are normally well worth around 1.four cents apiece while JetBlue factors commonly weigh in at round 1.1-1.3 cents in fee, both of which might be worth it to shop on some cheap economy fares. For example, you can fly Southwest from Baltimore-Washington International Airport to Nassau in the Bahamas for as low as $178 round-journey within the coming months. For the identical tickets, you’d want to redeem simply 9,360 Southwest Rapid Rewards points. You could take 5 of your closest pals alongside and still no longer burn via one hundred,000 Ultimate Rewards factors.

Likewise, JetBlue has been offering some extra special fare offers as little as $fifty nine each way between dozens of towns within the U.S. That’s approximately four,900 points. Short, cheaper flights on either JetBlue or Southwest can be a awesome way to shop cash by means of using your Ultimate Rewards points.

5. Redeem at once via the Chase journey portal for cheap flights and inns

Finally, don’t forget approximately the option to redeem your points directly for bookings through the Chase travel portal. Since it’s miles powered by means of Expedia, it pulls up all the same alternatives you would see when reserving thru that site, and it’s clean to use. If you have the Chase Sapphire Preferred or Ink Business Preferred, your points are worth 1.25 cents apiece, at the same time as it is going up to 1.5 cents apiece with the Chase Sapphire Reserve. So one hundred,000 Ultimate Rewards points might be really worth $1,250 to $1,500 in tour, depending on which card you have. In this situation, you may want to perform a little math and examine what number of factors you’d want for a specific redemption this manner as opposed to shifting to a associate program and redeeming for an award.

For instance, a night on the rather new St. Regis Hong Kong could fee you 70,000 Ultimate Rewards factors transferred to Marriott Bonvoy. But based totally on room Sapphire prices of $450 consistent with night, you’d handiest need 30,000 to 36,000 Ultimate Rewards factors in case you redeemed immediately via Chase, efficaciously saving half your factors.

These are just a few thoughts of ways a long way a hundred,000 Chase Ultimate Rewards points can get you. Given what number of different switch companions and redemption offers there are, even though, there are numerous other innovative ways to redeem these bendy points. Remember to look at every transfer accomplice and which different airways or lodge manufacturers you may redeem with. Check the Chase portal for direct-redemption values, and do not worry an excessive amount of approximately squeezing each final cent of cost out of your factors. As lengthy as you are capable of use them to book the journeys you want, you are succeeding.

Learn extra about applying for the Chase Sapphire Preferred here.

Condé Nast Traveler has partnered with CardRatings for our coverage of credit score card merchandise. Condé Nast Traveler and CardRatings may receive a commission from card issuers.

This article has been updated with new information in view that its original publish date.

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