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Chase Freedom is offering an amazing 10x bonus for any travel purchased through Chase Ultimate Rewards until July 31st.
The terms per Chase.com
- Offer valid on purchases from July 1st to 31st 2016 for travel whenever
- Applies only to hotels and car rentals booked through Chaseultimaterewards.com
- Choose from over 150,000 hotels
- Earn 10x on up to $2500 = 25000 Ultimate Rewards or $250 cash back.
Chase Freedom is technically a cash back card
- Technically this is cash back that you are earning; however, if you hold one of the Chase premium cards (sapphire preferred, Ink Plus, or Bold) it can be converted to Ultimate Rewards
- Mathematically speaking you are earning 10x points that are worth more than $0.01 per point. If you value UR at $0.015 ( which I think is low) you’d be earning 0.15 return on earning.
- Redeeming for travel at the UR mall redeems at $0.0125 so at the very least you’d be earning 25000*.0125 = $312.50 in travel.
- If you lack a premium card and want cash this equates to 10% back on all travel purchases.
This is a great opportunity to earn some very valuable Ultimate Reward award currency so that you can fly in great premium cabins or hotels. Here are their transfer partners
Airlines
- Air France
- British Airways
- Korean Air
- Singapore
- Southwest
- United
- Virgin Atlantic
Hotels
- Hyatt
- IHG
- Marriott
- Ritz
25000 Ultimate Reward points would be enough points for a roundtrip economy on United or to shore up your balance to fly in Global First like Miles did last year.
Or have more than enough for 3 nights using points with cash at the Hyatt Centric Santa Barbara
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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