Category

Chase Sapphire Preferred

Chase Sapphire Preferred MasterCard & Which Cards Earn Ultimate Rewards

Judging by the amount of Reader email I get, I suspect a lot of you with the Chase Sapphire Preferred Card have quickly discovered how awesome Ultimate Rewards Points can be.

The flexibility to transfer at a 1:1 ratio to United, British Airways (for use on American), Southwest, Hyatt, Priority Club, and Marriott is truly amazing.

That being said, Ultimate Rewards Points are obviously the most valuable “currency” out there and many of you have asked if it is possible to “churn” the Chase Sapphire Preferred to get some more points.

Unfortunately from what I have read, Chase is fairly strict about churning and re-issuing Sign On Bonuses. You more than likely have to wait a good 2 years after you cancel your Card to sign up again and get the bonus.

Although that is disappointing, on the bright side, there are a whole host of other Chase Cards that do in fact earn Ultimate Rewards Points!

So if you are out of Ultimate Rewards Points or are coming near the 1 year anniversary of your Chase Sapphire Preferred Visa, I would suggest taking a look at these other Cards from Chase.

Personal Cards That Earn Ultimate Rewards Points

Chase Sapphire Preferred Visa

Link To Chase Sapphire Preferred Visa

If you signed up via FFU or any of the other blogs for a Chase Sapphire Preferred Card this past year, then this is the Card you have.

It earns 2x Points on Travel & Dining purchases, has no Foreign Transaction Fee, gets a 7% annual points dividend, and has the $95 annual fee waived for the 1st year.

For signing up, you get 40,000 Ultimate Rewards Points if you spend $3,000 on the Card in 3 months.

If you don’t have any Chase Cards that earn Ultimate Rewards, then this is the Card to get! This is the #1 Travel Card out there!

You will not be disappointed!

Chase Sapphire Preferred MasterCard

Link To Chase Sapphire Preferred Mastercard

(If above link doesn’t work, simply go to Mastercard.com and search for the Card)

While Credit Cards can have the exact same name and can be issued by the same Bank, depending on what Network the Card runs on (MasterCard, Visa, AMEX, Discover), you can re-sign up for Card and get the bonus again.

So for the Chase Sapphire Preferred, Chase has one from Visa and one from MasterCard.

If you have already had the Chase Sapphire Preferred Visa and closed it, then you can apply for the Chase Sapphire Preferred MasterCard, and you will receive the 40,000 Point Sign On Bonus again. (Hat tip to George P. on Twitter)

From what I am told by the Chase Phone Agents, you cannot have a Chase Sapphire Preferred Visa open and get approved for the MasterCard version. You have to close the Chase Sapphire Preferred Visa first.

That being said, this is an easy way to get another 40,000 UR Points!

Chase Sapphire (Not Preferred) Visa & MasterCard

Link To Chase Sapphire Visa

Link To Chase Sapphire MasterCard

I wouldn’t recommend signing up for these Cards just to get the Sign Up Bonus, because it is fairly low but this is another Card that earns Ultimate Rewards Points.

The Chase Sapphire earns 2 UR Points per $1 spent on Dining, but NOT Travel.

There is no Annual Fee on the Chase Sapphire, but you CANNOT transfer UR Points to Airlines or Hotels like you can with the Chase Sapphire Preferred.

However if you have a Chase Sapphire Preferred, Chase INK Bold, or Chase INK Plus that has that 1:1 transfer ability, then you can simply transfer your UR Points from the Chase Sapphire to either of those other Credit Card accounts for free, and then you will have the ability to transfer to Airlines & Hotels.

I currently have the Chase Sapphire Card because when the Annual Fee came due for the Chase Sapphire Preferred, I simply downgraded to the Chase Sapphire for free instead of closing my account. The Card currently sits in my drawer.

The current Sign Up Bonus for the Chase Sapphire is 10,000 Ultimate Rewards Points after $500 in Minimum Spend in 3 months.

Chase Freedom Visa & MasterCard

Link To Chase Freedom Visa

Link To Chase Freedom MasterCard

Similar to Chase Sapphire Preferred, and Chase Sapphire, the Chase Freedom comes in 2 “flavors”, Visa and MasterCard, which means you can get both bonuses.

The Chase Freedom is certainly better than the Chase Sapphire Card because of the 5x rotating quarterly categories, which can be found here.

Since the Chase Freedom earns Ultimate Rewards, if you also have a Chase Sapphire Preferred or Chase INK Bold, you can transfer your Chase Freedom UR Points into your Chase Sapphire Preferred or Chase INK Bold accounts!

So depending on the Quarter, you could potentially earn 5x UR Points on Travel, Restaurants, Amazon.com etc with the Chase Freedom and then just transfer those points to your INK or Sapphire Preferred Cards!

Also if you have a Chase Checking account and Chase Freedom, you can get an additional 10% bonus through Chase Exclusives. More information here.

Since the current Sign Up Bonus is only 10,000 UR Points for $500 in Minimum Spend in 3 months, I personally suggest downgrading to the Chase Freedom when you close your Chase Sapphire Preferred Card.

Business Cards That Earn Ultimate Rewards Points

Many frequent flyers don’t ever consider applying for Business Cards because they don’t have a traditional “business”. However by incorporating Business Cards into your Credit Card mix, you can essentially double your points haul.

So instead of 200,000 Miles & Points in a year, you could easily make that 400,000!

Most major Credit Cards have a Personal & Business version, and you can almost always apply for both.

So for example with Starwood, I previously had the SPG Personal AMEX, so I was not eligible for the last big promotion. However since Starwood has a SPG Business AMEX, I simply signed up for that one instead and got 30,000 Starpoints!

Even if you don’t have a traditional business, you can still sign up for Business Cards.

I did a whole step by step tutorial on that process here if you are interested.

You don’t even have to file any legal paperwork or different tax forms to get a Business Card, you can simply use your personal Social Security Number and say you are a Sole Proprietor. That is exactly what I did and it was extremely easy!

Any type of hobby in which you make money on the side (eBay, Etsy, blog, etc), or even a potential idea for a business, qualifies you for a Business Card.

That being said, Chase has some pretty awesome Business Cards that earn Ultimate Rewards Points!

Chase INK Bold

Link To Chase INK Bold

I am the current proud owner of a Chase INK Bold Card and let me just say it is awesome!

At one point in the last year, I had a Chase INK Bold, Chase Sapphire Preferred, and Chase Freedom, which were all earning me Ultimate Rewards Points.

The Chase INK Bold is essentially a Business Version of the Chase Sapphire Preferred, and earns 2x UR Points on Gas and Hotel purchases, however it is Charge Card.

Being a Charge Card, you have to pay it off in full every month.

Similar to the Chase Sapphire Preferred, there are no foreign transaction fees and you can transfer at a 1:1 ratio to Airlines and Hotels.

Even if you currently have a Chase Sapphire Preferred, you can get this or any other Business Card because all Banks consider Personal & Business Cards to be 2 separate things.

So it is entirely possible to sign up for the Chase Sapphire Preferred and Chase INK Bold on the same day and be approved for both.

The current Sign Up Bonus for the Chase INK Bold is 50,000 Ultimate Rewards Points after spending $5,000 in 3 months.

So if you wanted, you could apply for the Chase Sapphire Preferred and Chase INK Bold on the same day, and get 40,000 + 50,000 UR Points, and only have to spend $8,000 in 3 months!

90,000 UR Points you can transfer to United for a FREE economy ticket to Europe!

One other important thing is that the Chase INK Bold earns 5x Ultimate Rewards at Office Supplies stores like Office Depot, which if you have read Frequent Miler’s post about it, can be huge!

Chase INK Plus

Link To Chase INK Plus

The Chase INK Plus Card is identical to the Chase INK Bold except that it is a true Credit Card instead of Charge Card.

The 50,000 UR Point Sign Up Bonus and Card Features (like 1:1 transfer, etc) are identical to the Chase INK Bold.

Once my Chase INK Bold comes up for renewal, I will most likely cancel it and then apply for the Chase INK Plus to earn another easy 50,000 UR Points!

Chase INK Classic

Link To Chase INK Classic

The Chase INK Classic is basically the Business Version of the Chase Sapphire. Or in other words, it is a stripped down version of the Chase INK Bold or INK Plus.

While you still earn Ultimate Rewards at the rate of 2x on Gas & Hotels, and 5x at Office Supply stores, as well as 1x everywhere else, you do not have to ability to transfer those UR Points to Airline or Hotel Partners.

The Sign Up Bonus for the Chase INK Classic is 20,000 UR Points after you spend $3,000 in 3 months.

Unless you have already gotten a Chase INK Plus or Chase INK Bold, I’d recommend only downgrading to this Card for the 2x and 5x benefits!

Recap

Hopefully if you didn’t know about all these Chase Cards that earn Ultimate Rewards, you do now.

Given how many Cards there are that earn Ultimate Rewards (9 of them) and how valuable Ultimate Rewards Points are, at no time should you ever be without a Card that earns Ultimate Rewards!

-Parag

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How To Redeem Ultimate Rewards Points For A 20% Discount

As more and more Readers come to the site, almost everyday I get questions from Beginners asking which Credit Card is best.

Basically my answer is always the same, if you are absolutely new to earning miles, then you want to go with the Chase Sapphire Preferred.

There are many reasons I recommend the Chase Sapphire Preferred but the main reason is that most Beginners don’t really understand how Frequent Flyer Miles works and which programs are best.

Therefore with the Sapphire Preferred Card, they will earn Ultimate Rewards Points that can be transferred to United, British Airways (to then be used on American Airlines), Southwest, and a whole host of Hotels.

At the end of the day, they will have many more options for redemption, while they learn how frequent flyer programs work and which programs fit their needs best.

This is a much better approach than just randomly signing up for a specific Airline Credit Card such as Delta, and then finding out that the program is terrible. 

Anyways, recently I realized that the Chase Sapphire Preferred also comes with another benefit that not many people are aware of.

That is the ability to get a 20% discount on your travel purchase when you pay with Ultimate Rewards Points.

Basically this works identical to United’s Choices Program that I talked about last month, however with Ultimate Rewards you get a nice 20% discount.

How The Program Works

1. Log Into UltimateRewards.com

If you have a Chase Sapphire Preferred or Chase Ink Bold, you will see an option to redeem points.

Under the Travel header, you will find Book A Trip.

2. Enter Your Trip Details

You can use this travel search engine to book Fights, Hotels, or Rental Cars with your Ultimate Rewards Points.

In my example, I searched for a flight from Chicago to LA.

3. Check Results

Once you select both of the flights that you want, you will be taken to the final confirmation page.

Here you will see both of the flights that you selected, the total cost, and how many Points it is going to cost you.

As you can see in my example, the total cost of the flight is $336, but because I am paying with Ultimate Rewards Points, it is only 26,848 points when you factor in the 20% discount.

Normally 1 Ultimate Rewards Points is equal to .01 Cents.

On the next page, if you would like, you can actually change the amount of Points you want to redeem.

So if for some reason you only want to redeem 10,000 Points and pay the rest out of pocket, you can do that.

4. Cross-Check Results With Kayak.com

You always want to Cross-Check the price on Ultimate Rewards with Kayak.com or a similar search engine.

To my surprise, the price on Ultimate Rewards is normally the same as Kayak.

There is no additional mark up, however you still always want to double check Kayak.com to be safe.

For my example, I checked on Kayak.com and my ORD-LAX flight was exactly the same price.

When You Should Use Ultimate Rewards Points To Get A 20% Discount

While it is awesome that Ultimate Rewards allows you to get a 20% discount when you use their engine, there are only certain times you should use it.

The reason for this is because Ultimate Rewards Points are extremely valuable, since you can transfer them to so many different Partner Airlines & Hotels.

Therefore you don’t want to waste them on silly travel plans.

Similar to United Choices, you only want to use Ultimate Rewards Points if it is “cheaper” than redeeming miles with the Airlines.

For Example

Airfare

Say you have 25,000 Ultimate Rewards Points and need a flight from Chicago to New York.

Due to the flexibility of Ultimate Rewards Points, you could hypothetically transfer your UR Points to United, British Airways, or Southwest.

For the sake of this example, we will say you love United and prefer to fly them.

If you were to transfer your UR Points to United, it would take 25,000 Miles for a free flight from Chicago to New York.

However in searching Kayak.com, you see that in fact the cheapest Revenue ticket is only $160.

This is where Ultimate Rewards Points come in.

If you were to search for that exact same ticket via Ultimate Rewards Search Engine, it would only be $160 or $160 X 80% = 12,800 UR Points.

Since Ultimate Rewards are so flexible, in this case it would be cheaper to purchase the ticket with Ultimate Rewards for only 12,800 UR Points, instead of transferring your 25,000 UR Points to United for a similar ticket.

The cool thing about doing this, is that because you are “purchasing” your ticket, you earn will earn miles on the AA flight. This is something that you would not normally get had you redeemed the miles via United for an Award Ticket.

That being said, if the flight from Chicago to New York cost 25,000 United Miles or cost $600 to purchase, in that case it would make sense to transfer your Ultimate Rewards points to United, since that is the better deal.

Hotels

Ultimate Rewards Points can also be transferred to Hyatt, Marriott, and Priority Club, which pretty much covers all the major Hotel Chains besides Starwood and Hilton.

That being said, similar to Airlines, there sometimes are pricing discrepancies between the cost of an Award and the actual price of the Room.

This is where Ultimate Rewards can be useful because if a room at Hyatt costs 25,000 Hyatt Points or only $200 to purchase, it would make more sense to purchase the room with Ultimate Rewards Points because it would only cost you 16,000 Points ($200 x 80%) instead of transferring your 25,000 Ultimate Rewards Points to Hyatt.

Similarly if you would like to stay at a Boutique Hotel that does not have a loyalty program, Ultimate Rewards can come in handy because it allows you to stay at your Boutique Hotel but “pay for it with points”. 

For example, the Fontainebleau Hotel in South Beach, Miami doesn’t necessarily have a loyalty program because it isn’t a chain.

However with Ultimate Rewards, you could redeem 25,600 Ultimate Rewards ($320 x 80%) for a free night there.

Although many frequent flyer purists would say that redeeming this way is not the “best value”, in my book, you are still saving $320 a night which means it is a win!

Rental Cars

I’ve never tried to redeem Ultimate Rewards Points for Rental Cars, but I suspect it is similar to Airline and Hotels.

Although since Rental Cars are typically fairly cheap, it might make sense to save your Ultimate Rewards Points for something more useful.

Recap

Overall, the Ultimate Rewards 20% Discount can really come in handy when you are travelling.

It essentially allows you to redeem your Ultimate Rewards Points on any Airlines or Hotels at a 20% discount.

This that really quite amazing because although American Airlines, Delta, Starwood, and Hilton are not Ultimate Rewards Partners, with this little trick, you can technically redeem your Ultimate Rewards Points with them because the Ultimate Rewards Search Engine shows all Airlines and Hotels, regardless of Brand. 

If you use the Ultimate Rewards 20% Discount correctly, as you saw above with my Chicago to New York flight example, you can easily get Award Flights for 1/2 off the normal rate of 25,000 Miles, all while still earning miles on your flight.

-Parag

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How To Earn Even More Bonus Points On Your Hotel Stays

REMINDER: If you haven’t already signed up for the SPG 2 free night certificates. Only 90 people have entered so far, so you have a more than 1% chance of winning! Contest ends on Friday! You can enter here.

I’m in the process of booking a few Hotels for an upcoming trip, so over the coming weeks I will be sharing all my little tips and tricks that I have been using to get some steep discounts on 4 – 5 Star Hotels. 

While making my bookings, I of course had to use my favorite hotel trick that I wrote about a while ago, which allows you to knock over 25% off a Marriott stay.

Anyways, as I was booking my upcoming stay at Marriott, I was of course thinking about which Credit Card to book with to get the most Miles and if there were any other ways to earn even more Marriott Points.

Out of habit, I visited Evreward & TopCashBack to see if there was anything I was forgetting.

To my surprise (ie. I totally forgot), you can get Bonus Points for Hotel Bookings by clicking thru Chase’s Ultimate Rewards Shopping Mall.

Now to be able to access Chase’s Ultimate Rewards Shopping Mall, you do need a Card that earns Ultimate Rewards. Those Cards can all be found here.

Below are all the Hotels and Websites that qualify to earn Bonus Points via Chase. 

Expcet for Hyatt, almost all major Hotel Brands are listed which is pretty amazing!

Marriott

In the case of Marriott, you can get 3 extra UR Points per $1 spent.

The reason that this is significant, is that depending on what Chase Card you have, you can almost get a better return than if you had the Marriott Credit Card.

I have the Chase INK Bold which gets 2 UR Points per $1 spent on Hotels.

So by clicking thru Ultimate Rewards to Marriott, I will be getting 5 UR Points per $1 that I spend at Marriott.

This is on top of any points I earn separately at Marriott for actually staying there!

This is pretty huge in my opinion since the Chase Marriott Card gets you 5 Marriott Points per $1 spent at Marriott.

With my Chase INK Bold or Chase Sapphire Preferred, because they both earn 2x on Hotels, I can earn 5 UR Points per $1 spent, which can then be transferred to Marriott at a 1:1 ratio.

Westin & Starwood

The real kicker here though is Westin, and by extension Starwood since on Westin.com you can book any Starwood Property.

Again using your Chase Sapphire or Chase INK Bold, you can get 2 UR Points per $1 spent on Hotels.

By clicking thru the Ultimate Rewards Shopping Mall to Westin.com, you can get another 2 Points per $1 spent at Starwood Properties for a total of 4 UR Points per $1 spent at Starwood Properties.

Since the SPG program and SPG AMEX are 2 separate things, regardless of how you pay for your hotel, as a SPG Member, you would receive 2 Starpoints per $1 spent at SPG Properties.

So in total by doing this, you would earn 4 UR Points per $1 spent at Starwood Properties and then also 2 Starpoints per $1 spent at Starwood Properties as a SPG Member.

If you were to only use your SPG AMEX to book at Westin.com without going thru Chase, you would receive 2 Starpoints per $1 spent at SPG Properties.

When you combine that with being a SPG Member, you would get and additional 2 Starpoints per $1 spent at SPG Properties so 4 Starpoints per $1 spent in total.

Although the SPG AMEX is awesome and I highly recommend you get it, the numbers do not lie.

Instead of only 4 Starpoints per $1 spent with the SPG AMEX, by clicking thru Ultimate Rewards and using your Chase Card you can earn 4 UR Points per $1 spent AND 2 Starpoints per $1 spent!

Therefore I am going to make the startling announcement that it is actually better to use either your Chase Sapphire Preferred or Chase INK BOLD to book stays at Starwood Properties, than use your SPG AMEX!

This is doubly true if the SPG Property you are staying at is located outside the U.S, since the SPG AMEX has Foreign Transaction Fees while the Sapphire Preferred and INK Bold do not!

Using Your SPG AMEX Via Ultimate Rewards

Now I am not 100% sure about this, but from what I have heard, people have received Ultimate Rewards Points for clicking thru the Ultimate Rewards Shopping Mall but then paying with either Gift Cards or non Chase Credit Cards.

I just bought some Bose In-Ear iPhone Headphones via Ultimate Rewards and used a Gift Card to pay half the bill.

I am currently waiting to see if I got the full amount of Ultimate Rewards Points or if I only got Points for the part that I paid with my Chase INK Bold.

If any Readers have any experience or know the answer, feel free to comment.

If what I said above is true, than hypothetically you could click thru the Ultimate Rewards Shopping Mall to Westin and book using your SPG AMEX.

This way you would get 2 Points per $1 spent via Ultimate Rewards, 2 Points per $1 spent at SPG Properties for being a SPG Member, and then an additional 2 Starpoints per $1 spent on your SPG AMEX.

So 4 Starpoints & 2 UR Points per $1 spent at Starwood Properties.

That is pretty awesome!

Recap

Anyway it just goes to show you that there are always extra ways to boost your earning potential. You just have to know where to look!

I know for me personally, going forward, I will definitely be clicking thru Chase’s Ultimate Rewards Shopping Mall for any upcoming hotel stays that I have.

-Parag