Get the Chase Sapphire Preferred 100K Offer? What to Do Next
Sapphire Preferred 100K

Get the Chase Sapphire Preferred 100K Offer? What to Do Next

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For nearly four months, the Chase Sapphire Preferred® Card was out with a monster welcome bonus of 100,000 Chase Ultimate Rewards points after spending $4,000 in the first three months of card membership. Sadly, that record-setting offer ended last week: You’ll now earn just 60,000 points for the same spending requirement.

But thousands of travelers got in on this record-setting bonus before it disappeared. But it’s not just enough to open the credit card. You need to actually earn that huge bonus, too. Then you need a plan for the best way to use those points. And what’s your next step?

Read on for everything you need to know to take full advantage.

Related: How Two Chase Credit Cards Can Quickly Earn You 140K+ Points

 

Make Sure You Earn the Bonus (Responsibly)

First things first, that big 100,000 point bonus won’t do you much good if you don’t actually earn it.

Welcome offers like this are so important because you only get one crack at them. If you don’t actually spend the $4,000 on your new Sapphire Card in the first three months of card membership, you will not earn that big 100k point bonus – or any bonus for that matter.

The clock starts from the moment you opened the card – not when you receive it in the mail. If you’re not sure when your deadline is, start a secure message with Chase and they can give you an answer.

But this isn’t a license to spend willy nilly. Credit cards and debt are serious business, and spending for the sake of meeting your welcome offer bonus spending requirement is dangerous.

Your mantra should be to charge to your Sapphire Preferred Card the money you were going to spend anyway – then pay it off in full. If you don’t think you can spend the required $4,000 in the first three months of card membership required, skip it. Digging yourself into a hole of debt and paying credit card interest negates any benefit you get from those points.

Related Reading: How to Hit Minimum Spend (And Earn That Bonus) Responsibly on Credit Cards
 

Sapphire Preferred 100K holding card

 

Use Up Those Chase Ultimate Rewards Points

So you’ve got the points. You might be wondering how exactly you can use them.

Thankfully, there is no shortage of ways to use Chase Ultimate Rewards points. In fact, one of the biggest reasons our team values them so highly is that there are so many ways to use them.

 

The Chase Travel Portal

Let’s start with the easiest route: Booking travel through the Chase Travel Portal.

Simply book a flight, hotel, car rental, or cruise through your online Chase account. When you do, your points will be worth 1.25 cents each. That means 100,000 points will be worth $1,250 towards travel when used this way. And there’s a silver lining: You’ll still earn miles when you fly booking this way, unlike a traditional airline award ticket. Plus, there are no extra fees or taxes –

Almost any flight you find through Google Flights can be booked straight through the Chase portal. Better yet, get the cheapest flight deals sent to you with Thrifty Traveler Premium. Just about every flight deal we send our members can be booked with Chase Ultimate Rewards points through the travel portal.

 

Use Points to Stay at Airbnbs

If you have a stash of Chase Ultimate Rewards points – or even if you decide to open a Chase Sapphire card as a new member – you can now use those points for purchases beyond flights and hotels.

Through at least March 2022 (and likely longer), you can use points through the new Pay Yourself Back feature to cover purchases at both Airbnb and Away Luggage. And just as when you book flights or a hotel, each point is worth 1.25 cents on the Preferred Card and 1.5 cents with the Reserve.

That means you can cover a $250 Airbnb stay using just 20,000 points from your Preferred Card. This is huge, as Airbnb doesn’t have its own points program to book a place on the home share platform. Now, you’ve got an easy-to-use workaround to make it happen.

So how does it work? It’s a lot like the Capital One Purchase Eraser feature: Just charge an eligible purchase to your Chase Sapphire card, and go back into your account and wipe it from your statement with points.

First things first: All you need to do is pay for your upcoming Airbnb with your Chase card. Normal Airbnb stays should qualify, but so do Airbnb Experiences!
 

chase points airbnb transaction 

After making that purchase, you can simply log into Ultimate Rewards on desktop or through the Chase mobile app and select “Pay Yourself Back” from the drop-down menu. Once here, you will be able to select from recent eligible transactions up to 90 days prior and choose to redeem points for all or a portion of the purchase.

 

Use the Chase Transfer Partners

If you’re looking to get the most bang for your buck out of your Chase points, look no further.

In addition to the Chase Travel Portal and the Pay Yourself Back benefit, you can also transfer Chase Ultimate Rewards points directly to more than 10 airlines and three hotel brands. 

That portfolio has grown with the recent addition of Air Canada’s Aeroplan, a solid program for booking many flights. All those options give your points immense flexibility that shouldn’t be overlooked. And in many cases, sending your points to Chase transfer partners can get you far more value – especially if you’re looking to fly first and business class.
 

Chase Ultimate Rewards Transfer Partners

ProgramTypeTransfer RatioTransfer Time
Aer LingusAirline1:1Instant
Air Canada AeroplanAirline1:1Instant
Air France/KLMAirline1:1Instant
British AirwaysAirline1:1Instant
EmiratesAirline1:1Instant
Iberia PlusAirline1:1Instant
JetBlueAirline1:1Instant
Singapore AirAirline1:112-24 hours
Southwest AirlinesAirline1:1Instant
United AirlinesAirline1:1Instant
Virgin AtlanticAirline1:1Instant
World of HyattHotel1:1Instant
IHGHotel1:11 day
Marriott RewardsHotel1:12 days

There’s a reason we consider Chase points so valuable. There are a lot of sweet spots here to highlight.

  • Want to fly to Europe? Transferring your Chase points to Iberia opens up one of the cheapest ways to get to Europe – in either economy or business class. For just 34,000 miles, you can get to Madrid (MAD) and back almost any time of the year. Iberia’s business class starts at only 68,000 miles round trip from the East Coast or Chicago-O’Hare (ORD), less than what most airlines charge to fly economy!
  • British Airways offers one of the best ways to get to Hawaii using points. For just 26,000 miles, you can fly from Los Angeles (LAX) or Phoenix (PHX) direct to the islands on American Airlines – when American itself charges 45,000 miles or more for the exact same flights.
  • Virgin Atlantic is one of our favorite ways to save SkyMiles and book flights on Delta. Though it’s taken a hit lately after a major devaluation, their partnership allows you to book Delta One business class (including Delta One Suites) to Europe for just 50,000 miles each way – when Delta often wants $5,000 or 200,000 SkyMiles or more for a trip to Europe in business class. Read our guide on how to book Delta One Suites for cheap by transferring Chase points!

 

delta one suite

 

  • With cheap domestic flights starting at 5,000 miles each way, round-trip to Europe for 60,000 miles, and 35,000 round trip to the Caribbean, United can be a competitive optionJust keep in mind that United has switched to an unpredictable dynamic award system, so prices can vary wildly.
  • Aeroplan is Chase’s newest addition, and it’s a strong one. You can use Aeroplan miles to book cheap United flights across the country, get from the West Coast to Hawaii and back for as low as 25,000 miles, or fly from the U.S. to Asia in EVA Air business class for just 75,000 miles.
  • Want to fly in serious style? Transferring points to Emirates is easily the best way to book Emirates first class, whether you want to fly from the U.S. to Dubai (DXB) or hop on a fun fifth-freedom route to Europe instead! Read more on booking with Emirates miles.
  • Singapore Air’s KrisFlyer Miles program is a strong option because it is so easy to pile up points. American Express Membership Rewards, Citi ThankYou Points, Capital One Venture Miles, and Marriot Bonvoy all transfer to Singapore, too. Transferring miles to Singapore is your only way to book business or first class on one of the world’s best airlines.
  • Hyatt is far and away one of the strongest Chase transfer partners. That’s largely because the hotel chain’s low award rates make it easy to get an outsized value on amazing hotels worldwide. Check one of our favorite ways to use Hyatt points for all-inclusive resorts!

Read More: 11 Great Ways to Spend Chase Ultimate Rewards Points
 

Take the Next Step with the Chase Freedom Cards

After you have responsibly met the spending requirement to earn your big bonus, take a hard look at either the Chase Freedom Flex or the Chase Freedom Unlimited® cards. They form a perfect tandem with your Sapphire Preferred Card.

While Chase markets both of these cards as no annual fee cashback credit cards, they get exponentially more valuable if you hold either (or both) of them with a Chase Sapphire card. That’s because you can transfer the cashback earned from either card directly into your Chase Ultimate Rewards account, turning that cashback straight into Chase points.

That’s important, because once you do, the points will be worth either 1.25 cents each if you hold the Sapphire Preferred.
 

Chase Travel Credit Cards 

Most importantly, these cards are more lucrative for some of your everyday expenses rather than simply continuing to swipe your Preferred.

Just for opening either Freedom card and spending only $500 in the first three months of card membership, you’ll earn $200 cashback. On top of that, both cards are currently offering 5% cashback on all grocery store spending on up to $12,000 in the first year of card membership. Take advantage of both, and you can earn $800 cashback in your first year of card membership.

But if you’ve already got the Sapphire Preferred Card in your wallet, that $800 is worth much more. You can transfer that to your Ultimate Rewards account and you’ll instantly have another 80,000 Chase Ultimate Rewards points!

Once you factor in the bonus for booking travel through the Chase Ultimate Rewards travel portal, you’ll have another $1,000 to put toward flights, hotels, and other travel if you’ve got the Preferred Card.  With the Reserve, that jumps to $1,200 toward travel.

Let’s take a look below at the benefits offered by each of the Freedom cards.

Read More: Chase Freedom Flex vs Freedom Unlimited: Which Card is Right for You?

 

Chase Freedom Unlimited

  • Welcome Offer Bonus: Earn a $200 bonus after spending $500 in the first three months of card membership.
  • Earn 5% back on grocery spending (excluding Walmart & Target) on up to $12,000 spent in your first year of card membership. This is a limited-time offer.
  • Earn 5% cashback on travel booked through the Chase Ultimate Rewards portal starting Sept. 15, 2020.
  • Earn 5% cashback on Lyft rides starting Sept. 15 through March 2022.
  • Earn 3% cashback on dining
  • Earn 3% cashback at drugstores
  • Earn an unlimited 1.5% cashback on all other purchases.

 

chase freedom unlimited card
 

Learn more about the Chase Freedom Unlimited

 

Chase Freedom Flex

  • Welcome Offer Bonus: Earn a $200 bonus after spending $500 in the first three months of card membership.
  • Earn 5% back on grocery spending (excluding Walmart & Target) on up to $12,000 spent in your first year of card membership. This is a limited-time offer.
  • Earn 5% cashback on rotating quarterly categories on up to $1,500 of spending which could include:
  • Earn 5% cashback on travel booked through the Chase Ultimate Rewards portal
  • Earn 5% cashback on Lyft rides through March 2022.
  • Earn 3% cashback on dining, including takeout and delivery services
  • Earn 3% cashback at drugstores

 

chase freedom flex
 

Learn more about the Chase Freedom Flex

 

Bottom Line

If you recently got in on the Chase Sapphire Preferred 100,000-point offer, your journey is only beginning. Make sure you meet that spending requirement responsibly and take a hard look at the Freedom cards after you have satisfied that requirement.

And most importantly, have fun putting your big points bonus to use. After all, that’s what they’re there for.

 

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.

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