Although these do each have annual fees chase sapphire preferred card has a 95 annual fee and chase sapphire reserve card sm has a 450 annual fee their promotional and ensuing rewards are generous.
Chase sapphire reserve miles redemption.
However to really get maximum value look to transfer your points to the program s litany of travel.
Get 50 more value when you redeem for travel through chase ultimate rewards.
Reader questions are answered twice a week by tpg senior points miles contributor ethan steinberg.
The following redemption options are only available with the chase sapphire preferred card and chase sapphire reserve.
Your chase sapphire reserve card comes with chase ultimate rewards our premier rewards program that lets you redeem rewards for travel experiences gift cards cash back and more access chase ultimate rewards to view rewards activity redeem points book travel and earn extra points log in and learn more.
Other ways to redeem your miles.
Chase recently made the highly anticipated announcement that it would be raising that annual fee on the chase sapphire reserve to 550 a year in line with the the platinum card from american express while adding new benefits statement credits and bonus categories for lyft and doordash.
If a discounted flight isn t enticing enough you can often convert your miles into other rewards options including cash back gift cards and other gifts.
However as some credit card miles are valued between a half cent and two cents per mile you should work out the math to make sure your conversion makes sense.
With the pay yourself back tool your ultimate rewards points are worth 50 more when you redeem them for statement credits against purchases in our current categories.
Book rewards travel at an enhanced value via the chase ultimate rewards travel portal.
Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select.
I spend 100 on travel dining and get 3x points 300 points.
For example 50 000 points are worth 750 toward travel same page link to offer details.
There are so many ways to redeem your points on chase ultimate rewards your premier rewards program and travel booking site.
Earn chase ultimate rewards on everyday purchases and redeem for travel cash back and more.
50 more in travel redemption.
Explore the world and earn premium rewards with chase sapphire reserve.
Chase sapphire preferred card offers a 25 bonus value and chase sapphire reserve offers a 50 bonus value on points redeemed.
Depending on the card you can accumulate 60 000 to 100 000 points for threshold purchases made within the first 3 months of card approval.
I then apply those points to a travel award and get 4 5 dollars of credit 300 1 5 redemption rate.
If you have the chase sapphire reserve chase sapphire preferred card or ink business preferred credit card booking through the travel portal at a rate of 1 25 1 5 cents per point will be a solid baseline redemption for many travelers.
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