*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.
This article was last updated Dec 04, 2015, but some terms and conditions may have changed or are no longer available. For the most accurate and up to date information please consult the terms and conditions found on the issuer website.
One of the top travel rewards credit cards just got even sweeter. The Chase Sapphire Preferred® Card has long been a favorite among credit card/travel enthusiasts, and for good reason. The Ultimate Rewards® Points that cardholders accrue with this card are arguably among the most valuable on the market because you can redeem them in a number of ways to ensure that you get the best value for your points.
What can I get for 50,000 points on the Chase Sapphire Preferred Card?
New cardholders can now earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s 10,000 more points than the previous offer with the same minimum spending requirement. These points can equal $500 in cash, or $625 of travel when redeemed through the Ultimate Rewards® Travel Portal. However, to receive the maximum value for your points, savvy cardholders will transfer them to one of their 10 travel partners.
This list of six airline frequent flyer accounts and four hotel loyalty programs includes United Airlines MileagePlus, Southwest Airlines Rapid Rewards, Hyatt Gold Passport, Marriott Rewards, and many more. Here are a few possible redemptions that will make your Chase Ultimate Rewards Points go a long way:
1. A Weekend on the Slopes at the Luxurious Park Hyatt Beaver Creek Resort and Spa
Although Hyatt doesn’t have the largest footprint in the world, their low point requirements for a free night can present an excellent way to squeeze the maximum value out of your Ultimate Rewards® Points. For example, after the spending the required $4,000 to earn 50,000 points and adding an authorized user to score another 5,000 points, you will be just 1,000 points short of two free nights at the Park Hyatt Beaver Creek Resort and Spa.
With room rates starting at $985 and only 30,000 points per night, you would score a fantastic 3.28 cents per point with this redemption!
2. Low-cost, Domestic Flights in Economy with Southwest Rapid Rewards
Southwest Airlines award redemptions can be hit or miss, but when you find a sweet deal, it can save you tens of thousands of points. Southwest Airlines offers some excellent redemptions for direct flights within the United States. In fact, when my wife and I wanted to fly to Nashville for the weekend to visit friends and see a concert, I was able to use Ultimate Rewards points through Southwest to get direct, round-trip tickets for only 13,268 points and $11.20 per person! These tickets would have cost about $480 total, so I got a solid value of 1.7 cents per point with this redemption.
While there are certainly more luxurious ways you can get a better value for your points, this redemption would have cost twice the amount of points/miles with any other carrier that charges a flat rate for redemptions based on geographical regions. With the new sign up bonus on the Chase Sapphire Preferred Card, you could make this trip four times!
3. Fly to Europe in Luxury with Singapore Suites Class
While many Chase Sapphire Preferred® Cardholders will probably write off Singapore Airlines KrisFlyer as a useless transfer partner, they may think twice if they look into their amazing “Suites” cabin. The Singapore Airlines Suites class is one of the world fanciest ways to travel by air; you practically get your own bedroom in the sky! While most routes include flights to and from Singapore, there are also daily flights between New York’s JFK and Frankfort, Germany. A Saver level redemption for a one way flight costs 67,500 KrisFlyer points, but thanks to their 15% redemption discount, it will actually only cost 57,375 points.
So after meeting the minimum spending requirement and getting another 5,000 points from your authorized user bonus, you would have more than enough Chase Ultimate Rewards® points to book one of the most luxurious flights to Europe! These flights typically cost around $5,000 if you pay with cash, so this redemption would get an amazing value of over 8 cents per point!
More card details
On top of the fantastic sign up bonus, this versatile credit card earns 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases. As you would expect, there are no foreign transaction fees with the Chase Sapphire Preferred® Card, but there is an annual fee of $0 Intro for the First Year, then $95.
The card comes with all the standard perks you would expect from a great travel rewards credit card including Lost Luggage Reimbursement, Primary Rental Car Insurance, Concierge Service and more. As an added bonus, the actual card is made of metal and the extra weight brings a sense of prestige with the card.
The Bottom Line
With the fantastic rewards program and numerous perks, the Chase Sapphire Preferred® Card was already an excellent option for a travel rewards card when it was only offering a 40,000 point sign up bonus. With new 50,000 sign-up bonus, the Chase Sapphire Preferred® Card has solidified its place at the top of the list for travel rewards credit cards. For any travel enthusiasts who aren’t carrying this card yet, there has never been a better time to apply!
*Editorial Note: This content is not provided or commissioned by the credit card issuer. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.
*The content in this article is accurate at the publishing date, and may be subject to changes per the card issuer.