Chase Sapphire Preferred 55,000 Bonus Offer is BACK

Chase Ink Business Card - 5X Ultimate Rewards for office supply stores





Chase Sapphire Preferred

Chase Sapphire Preferred 50000 bonus offer is BACK

55,000 Ultimate Rewards Bonus Offer for Chase Sapphire Preferred

After you spend $4,000 in the first 3 months of account opening, you will earn 50,000 Ultimate Rewards Bonus.  If you add an authorized signer and the authorized signer uses the card for at least one time, you earn additional 5,000 Ultimate Rewards bonus.  Total 55,000 Ultimate Rewards bonus plus your minimum spending of $4,000 that could possible earn 4,000 to 8,000 Ultimate Rewards for regular transactions. 

Chase Sapphire Preferred can earn 2 points on all dining and travel, include airfares and hotels.  In addition, you can earn more points if you go thru Chase Ultimate Rewards mall for online shopping.  With all the miles, you should have enough for a roundtrip economy award ticket for international travel or close to enough/more than enough for an one-way business/first award ticket for international travel.

If online retailer gives out 5X bonus miles, you will earn 20,000 addition miles on top of your $4,000 spending.  Now is holiday season.  Online retailers often give more bonus to attract shoppers and encourage holiday spending.  You might see 12X,, 15X, or 30X bonus on some retailers.  Crab your chances to earn your GREEN miles.

First year $95 annual fee is waived and no foreign transaction fees.

2 Ways to Redeem Your Ultimate Rewards for Travel

First, you can use your points as money to book your travel thru Chase Ultimate Rewards site, which will give you 20% off travel redemption.  I recommend that for domestic travel because it allows you to have more chooses of schedule and most of the time are cheaper than an award ticket through the airlines royalty program.

For example, if we are booking a roundtrip from San Francisco (SFO) to Chicago (ORD) by United Airlines, we either pay $126.20 for a roundtrip ticket or use 10,096 Ultimate Rewards to pay for the same roundtrip ticket, which is 20% off travel redemption.  In this case, you receive 1.25 cents per points.

Chase Ultimate Rewards

Chase Ultimate Rewards – click on USE POINTS, and then click on EXPLORE & BOOK TRAVEL

Travel Booking with Ultimate Rewards

Travel Booking with Ultimate Rewards

If we are using United MileagePlus to redeem an award roundtrip ticket from San Francisco (SFO) to Chicago (ORD), it requires 25,000 MileagePlus miles plus $11.20 tax. In this example, you are using 25,000 miles to pay for $115 ($126.20 – $11.20), so it is 0.46 cent per mile. NO GOOD!!!

Now you can see the different and the reason why you use points to book travel, instead of transfer points to redeem ticket.  In this case, it is 60% cheaper miles.

United MileagePlus Award

United MileagePlus Award requires 25,000 miles + $11.20 tax

Second, you transfer your Ultimate Rewards to the participate airlines royalty program and redeem the award ticket through the airlines of your choose.  It is 1:1 point transfer. 

Ultimate Rewards’ Travel Programs include:

  • British Airways Executive Club
  • Korean Air SKYPASS
  • Singapore Airlines KrisFlyer
  • Southwest Airlines Rapid Rewards
  • United MileagePlus
  • Virgin Atlantic Flying Club
  • Hyatt Gold Passport
  • IHG® Rewards Club
  • Marriott Rewards and The Ritz-Carlton Rewards

International travel gives you a higher value for your points, especially for first class or business class redemption.

For example, you are booking a one-way first class award ticket from San Francisco (SFO) to Hong Kong (HKG), it requires 70,125 Singapore KrisFlyer points plus $37.70 tax.  If you are paying for the same flights, it costs you $7,812.20 total including tax.  In another word, you are using 70,125 points to exchange $7,774.50 ($7,812.20 – $37.70) in value.  You are getting 11.09 cents per point in value. 

Usually 10,000 points can redeem for $100 cash back or gift cards.  If you are using Ultimate Rewards for cash back, you only receive 1 cent per point.  If you like to travel in style, you increase your point value from 1 cent to 11.09 cents by the example above.  This is the main reason that I do not like cash back because I would like to enjoy the travel that I would never afford to pay from my own pocket. 

Singapore Airlines First Class Award Ticket

Singapore Airlines First Class Award Ticket, 70,125 miles + $37.70 tax

Singapore Airlines First Class Ticket

Singapore Airlines First Class, $7,812.20 one-way including tax

If you do not have too much points, and you just want a FREE ticket.  This is an example with economy award.  For example, you are booking a roundtrip economy class award ticket from San Francisco (SFO) to Hong Kong (HKG), it requires 51,000 Singapore KrisFlyer plus $102.78 tax.  If you are paying for the same flights, it costs you $873.28 total including tax.  In another word, you are using 51,000 points to exchange $770.50 ($873.28 – $102.78) in value.  You are getting a 1.51 cents in value. 

Singapore Airlines Economy Award

Singapore Airlines Economy Award Roundtrip Ticket, 51,000 points + $102.78 tax

Singapore Airlines Economy Round Ticket

Singapore Airlines Economy Class, $873.28 Roundtrip including tax

* Singapore Airlines has a 15% off on redemption if you redeem your award ticket online.

Also, I recommend that for Southwest Airlines flyer, because Southwest Airlines is using points system for their award ticket, and make it easy to redeem with less points.

For example, you are booking a roundtrip award ticket from San Jose (SJC) to Las Vegas (LVS), it requires 7,668 Rapid Rewards points plus $11.20 tax.  If you are paying for the same flights, it costs you $145.96 total including tax.  In another word, you are using 7,668 points to exchange $134.76 ($145.96 – $11.20) in value.  You are getting a 43% off travel redemption or 1.75 cents in value. 


Southwest Airlines Award Redemption

Southwest Airlines Award Redemption example, 7668 Rapid Rewards points + $11.20 tax

Southwest Airlines Ticket Purchased

Southwest Airlines Ticket Purchased example, roundtrip $145.96 paid fare with tax

Chase Ultimate Rewards

There are different cards in Chase that can earn ultimate rewards.  All your ultimate rewards can transfer with each other and enhance your power and flexibility. 

Chase Freedom, Chase Sapphire, and Chase Ink Cash are cash back cards, but the rewards can combine with your Chase Sapphire Preferred or Chase Ink Plus so you can transfer those ultimate rewards to participating airlines royalty program. 


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