These partners aren’t available through Chase’s no-annual-fee cards (though you can pool your points from some of those cards onto a premium card), and they’re part of what makes the premium cards worth their annual fees. One of the best features about Chase’s premium travel cards - which includes the Chase Sapphire Preferred, Chase Sapphire Reserve and the Ink Business Preferred® Credit Card - is the ability to access transfer partners. The best redemption option by a mile: Transfer partners Points value varies That’s why I’m here to walk you through the best - and worst - ways to redeem your Ultimate Rewards points from your Chase Sapphire Preferred. If you’re just dipping your toes into the world of credit card rewards, it’s easy to become overwhelmed by your options and sacrifice value for convenience. But there are also suboptimal redemption options that can gut the value of your points. The card currently offers a 60,000-point welcome bonus when you spend $4,000 in purchases within the first three months of card membership, which is worth $600 in cash back, $750 in travel through the Ultimate Rewards portal or potentially much more if you use Chase’s transfer partners strategically. Take, for example, the Chase Sapphire Preferred® Card, one of the best entry-level travel cards on the market (and honestly, the one I wish I’d started out with). I also learned a valuable lesson I hadn’t known as a beginner: Sometimes maximizing your credit card rewards is less about how you earn them and more about how you redeem them. I learned about the many ways to get to Europe on points for cheap (I’m partial to AirFrance/KLM Flying Blue), hotels that offer the most bang for your points (Hyatt all the way) and the best tips and tricks to get the most out of the Chase Ultimate Rewards ecosystem. I read blogs and joined forum discussions. I didn’t put much thought into redeeming rewards - cash (back) was king, always.īut with a stack of Ultimate Rewards points on my hands and access to a host of new airline and transfer partners, a whole new world opened up.
My main focus was earning maximum rewards from the few no-annual-fee cash back cards I had and making sure I practiced good credit habits like paying my bills on time and staying below my credit limit. Up until then, my credit card strategy had been fairly basic. I first got into credit card points and “travel hacking” last year, when an elevated welcome bonus (that’s no longer available) on the Chase Sapphire Reserve® pulled me into the world of premium travel cards and the generous welcome bonuses that came with them.
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