Best Ways to Use Chase Sapphire Preferred 100K Welcome Bonus
Select’s editorial team works independently to review financial products and write articles that our readers will find useful. We may receive a commission when you click on product links from our affiliate partners.
In terms of travel rewards cards, the Chase Sapphire PreferredÂ® card is among the best, especially when it comes to its wide array of travel benefits and how easy it is to earn rewards – 2X points on meals and worldwide travel, 1X points on all other purchases, and until March 2022 you will earn 5 times more points on all Lyft journeys.
Better yet, select Chase credit cards, namely Chase Sapphire Preferred, Chase Sapphire ReserveÂ®, Ink Business PreferredÂ® credit card, Chase Freedom Flexâ , Chase Freedom UnlimitedÂ®, Ink Business Cash credit card Â® and Ink Business UnlimitedÂ® credit. Card – allows you to earn ultimate rewards. And if you own any of the first three cards mentioned, you can transfer those points to any of Chase’s 13 travel partners at a 1: 1 ratio.
As of June 4, 2021, Chase is offering an incredible welcome bonus of 100,000 Ultimate Rewards points when you sign up for the Chase Sapphire Preferred card and spend $ 4,000 within the first three months of opening the account.
If you were looking for a new travel rewards card with a reasonable annual fee (only $ 95) and the ability to start with a value of $ 1,250 after getting the signup bonus, this is what you need. . In addition to having 13 airline and hotel transfer partners to redeem points, you will also be able to book travel through the Chase portal, reimburse you for recent dining, grocery and home improvement expenses through the Pay Yourself Back tool. , or convert the 100,000 point bonus into $ 1,000 cash back.
Below, Select details the best ways to maximize 100,000 Chase Ultimate Rewards points.
Chase Sapphire PreferredÂ® Card
5X points on Lyft trips through March 2022, 2X points on travel and meals worldwide, 1X points on all other purchases
Earn 100,000 bonus points after spending $ 4,000 on purchases in the first 3 months after opening the account
15.99% to 22.99% variable on purchases and balance transfers
Balance transfer fees
Either $ 5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fees
Use airline transfer partners to increase your points
When it comes to transferable reward points, Airline Alliances are your friends, especially since Chase Ultimate Rewards points can be converted to any of 10 Airline Loyalty Rewards programs in one. 1: 1 ratio, including:
- AerClub (Aer Lingus)
- British Airways Executive Club
- Emirates Skywards
- Flying Blue (Air France / KLM)
- Iberia Plus
- JetBlue TrueBlue
- Singapore Airlines KrisFlyer
- Southwest Airlines Quick Rewards
- MileagePlus United Airlines
- Virgin Atlantic Flying Club
Needless to say, some really awesome rewards redemptions can be had, especially if you have 100,000 cool Ultimate Rewards points to play with and have a transfer partner strategy in mind.
For example, you can transfer Chase Points to the Virgin Atlantic Flying Club and redeem them for domestic flights on Delta, with prices starting at just 12,500 one-way miles. For international travel, you can redeem 100,000 Virgin Points for round-trip Delta One Business Class travel between the US and Europe (excluding UK) and pay just $ 68 in taxes and fresh.
A similar strategy could be used to book a return business class flight on ANA from the US West Coast to Japan for 90,000 miles via Virgin Atlantic Flying Club, and in the same vein, you could transfer 34,000 points. Chase to partner airline Iberia, then use 34,000 Iberia Avios points to book a one-way business class flight between New York (JFK) and Madrid (MAD).
It’s a little tricky, but if you’re looking to save money on a trip to Hawaii, you can find four round-trip economy flights from the West Coast for 24,000 miles each. First transfer the Chase Points to Singapore Airlines, then use those KrisFlyer miles to book flights from the West Coast to Hawaii through Singapore’s partner, Alaska Airlines. In this case, you will actually need to call Singapore Airlines to book the award flights, as they will not appear on the Singapore website.
To stretch your 100,000 Chase Points even further, transfer them to partner airline British Airways, then redeem those British Airways Avios points for up to 11 one-way short-haul flights within the United States through Oneworld partners, American Airlines and Alaska Airlines. The only problem is that the flights must be less than 1250 miles each, as the British Airways partner reward table is based on distance.
If you’re a Southwest Airlines Rapid Rewards fan, extend the term of your 100,000 points by redeeming points for Southwest flights under $ 100, which will give you a little more value than booking them through the Chase trip. They will also be more lucrative if you have a Southwest Companion Pass, which allows you to book two tickets for the price of one, plus taxes and fees.
Enjoy a fabulous free stay in a luxury hotel
If it’s time for you to go on vacation, why not take advantage of the welcome bonus to stay for free at some of the world’s fanciest hotels? This is where Chase’s hotel transfer partners – World of Hyatt, Marriott Bonvoy, and IHG Rewards Club – really come in handy.
Here are some examples of what 100,000 Chase Ultimate Rewards points could be redeemed when you transfer them to World of Hyatt and want to book a luxury stay:
- Three nights at Ventana Big Sur (30,000 points per night)
- Three nights at Park Hyatt Sydney (30,000 points per night)
- Three nights at Park Hyatt Maldives Hadahaa (30,000 points per night)
- Four nights at the Grand Hyatt Kauai Resort & Spa (25,000 points per night)
- Four nights at Andaz 5th Avenue in New York (25,000 points per night)
If Marriott Bonvoy is your favorite chain, here’s what 100,000 Chase Ultimate Rewards mean:
- One night at the St. Regis Maldives Vommuli Resort (85,000 points per night)
- Two nights at the JW Marriott Los Cabos Beach Resort & Spa (35,000 points per night)
- Three nights at the Westin Langkawi Resort & Spa (30,000 points per night)
You can also use the 100,000 points to stay at a luxury IHG hotel:
- Three nights at the InterContinental Phu Quoc Long Beach Resort (27,000 points per night)
- Two nights at Kimpton De Witt Amsterdam (45,000 points per night)
- Two nights at the Indigo Singapore Katong hotel (45,000 points per night)
If you’re looking to save on an all-inclusive trip to Mexico or the Caribbean, 100,000 Chase Ultimate Rewards points are enough to spend four or five nights at a Hyatt Ziva or Hyatt Zilara property, with redemption rates of 20,000 or 25. 000 World of Hyatt Points per night, respectively. Translation: you will win five free nights at Hyatt Ziva Puerto Vallarta or Hyatt Ziva Los Cabos, or four free nights at Hyatt Ziva Cancun, Hyatt Zilara Cancun, Hyatt Ziva Cap Cana, Hyatt Zilara Cap Cana, Hyatt Ziva Rose Hall or Hyatt Zilara Rose Hall .
Alternatively, you can extend the 100,000 point bonus to cover a longer stay at a lower category Hyatt hotel. While similar options can be found through the Marriott Bonvoy and IHG Rewards programs, here are a few from World of Hyatt, with redemptions ranging from 5,000 to 12,000 points per night:
- Eight nights at Hyatt Regency Dar es Salaam, The Kilimanjaro (World of Hyatt Category 3, from 12,000 points or $ 168 per night)
- 12 nights at the Hyatt Regency Malta (World of Hyatt Category 2, from 8,000 points or $ 183 per night)
- 12 nights at Hyatt Regency Thessaloniki (World of Hyatt Category 2, from 8,000 points or $ 175 per night)
- 12 nights at the Hyatt Regency Osaka (World of Hyatt Category 2, from 8,000 points or $ 125 per night)
- 20 nights at the Hyatt Regency Belgrade (World of Hyatt Category 1, from 5,000 points or $ 154 per night)
Book travel through the Chase Ultimate Rewards portal
Since Chase Ultimate Rewards points are worth an additional 25% for travel when you use the Chase Sapphire Preferred Card, 100,000 points will be worth $ 1,250 to spend on flights, hotels, cruises, rental cars and travel. other travel experiences when you book them through the Hunting Portal.
You will also have more flexibility regarding travel dates and brands since you are not limited to what is available through the 13 transfer partners and have more leeway depending on your specific travel needs. Booking through the Chase Travel portal is like booking through any online travel agency, in fact it is almost identical to the Expedia interface since it is operated by the booking giant of trips.
Reimburse yourself for certain purchases
Until September 30, 2021, Chase Points are worth 25% more for qualifying meal, grocery and home improvement purchases, so you can still use Chase’s 100,000 points and nifty Pay Yourself Back tool to reimburse you for up to $ 1,250 of recent expenses.
Simply choose the number of points you wish to redeem for each qualifying purchase made in the past 90 days and a credit on your statement will appear on your account within three days.
Get cash back
While their greatest value is achieved by transferring them to airline and hotel partners or booking travel through the Ultimate Rewards portal, 100,000 Chase Points are worth $ 1,000 in cash back, so you can still spend the money on other things, especially if you don’t. travel for a while.
Don’t forget to check your account for Chase offers, which give you some cash back in the form of a credit on your statement when you shop online. You can also get up to $ 60 in cash back when you use your Chase Sapphire Preferred card to sign up for a digital ($ 12.99 per month) or full access ($ 39.99 per month) Platoon membership up to ” as of December 31, 2021.
Editorial note: Any opinions, analysis, criticism or recommendations expressed in this article are the sole responsibility of the editorial staff of Select and have not been reviewed, endorsed or otherwise approved by any third party.