5 Reasons to get the Chase Sapphire Preferred 50k Offer

Chase recently increased the offer for the Chase Sapphire Preferred card from 40k to 50k Ultimate Rewards points. This is the largest bonus for the card in over four years! Ultimate Rewards points have also become especially valuable recently with recent the shakeups in the points game. For awhile I didn’t put much value in the card but things have definitely shifted in favor of Ultimate Rewards points. Let’s run down the top ten reasons to get the Chase Sapphire Preferred 50k offer.

 

Chase Sapphire Preferred 50k Offer

Ultimate Rewards Transfer Partners

 

#1: SPG/Marriott Merger

There are a lot of unknowns with the recently announced SPG/Marriott merger, and many SPG members are rightfully concerned with what will happen with their beloved program. With Hyatt recently announcing a hotel status match opportunity, there is no reason not to try Hyatt out. Hyatt is often considered the best program next to SPG, and more stays with Hyatt is no problem since they are a transfer partner of the Ultimate Rewards program. Hyatt also has some of the best all-inclusive properties in the Caribbean, which is where I’ll be spending my Hyatt points this winter.

 

#2: Southwest 

Southwest is an Ultimate Rewards transfer partner, and where I transfer a majority of my Ultimate Rewards points. I’m a huge fan of the Southwest Companion pass, which allows you to fly for free with another person, even if the flight is booked with points. If you frequently travel with another person there is no better deal!

 

#3: United Airlines

After the announcement of the American Airlines AAdvantage devaluation, booking cheap international AAdvantage award tickets is next to impossible. United has become the next best option. Mrs. TT and I are booked to fly United’s partner Air Canada in 1st class on their new Dreamliner 787-9 next year from Zurich to Toronto. We were able to book for 70k miles each using transfers from the Sapphire Preferred and United miles earned from their two co-branded Chase credit cards.

 

#4 Avios

British Airways Avios are a great way to book cheap flights in Europe (less than 650 miles) or short-haul flights in the United States with partner American Airlines. Enroll in British Airways loyalty program and consider transferring Ultimate Rewards to Avios.

 

#5: Transferability

There was quite a bit of concern over the Chase implementing transfer limits on November 15th, which no longer allow you to transfer Ultimate Rewards points to another person’s airline or hotel loyalty account. The good news is that you can still transfer Ultimate Rewards to another person’s Ultimate Rewards account if they have the same mailing address as you. The household loophole is important to me because I frequently transfer Ultimate Rewards to Mrs. TT’s, so she can top off her own loyalty accounts.

 

Bottom Line

There are so many great uses for Ultimate Rewards. If you are heading to Asia definitely consider Singapore Airlines and Korean Air. If you don’t want to use Ultimate Rewards for travel there are plenty of other options such as gift card purchases or simply cash statement credits. Check out our post on the Best Uses of Chase Ultimate Rewards for more info!

 

What’s your favorite use for Chase Ultimate Rewards? Let me know in the comments below!

 

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Chase Sapphire Preferred   (TOP STARTER CARD)
  • 50k Ultimate Rewards bonus after $4,000 spend in 3 months ($625 or more towards travel)
  • Points can be used to book $625 worth of flight deals directly through Chase’s Ultimate Rewards portal
  • 2x points on travel and dining at restaurants, 1x points everywhere else
  • No annual fee the first year, then $95
  • No foreign transactions fees
  • Named a ‘Best Credit Card’ for Travel Rewards by MONEY Magazine
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months
  • The best uses of Ultimate Rewards and a listing of travel partners.

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