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Today is the last full day you can apply online for the big 100,000 point sign-up bonus from the Chase Sapphire Reserve. This bonus is set to drop from the 100,000 points to 50,000 points at some point tomorrow, January 12, 2017, though it should last until March in Chase branches. I just got the Chase Sapphire Reserve last week, and I know many of you are in the process of doing the same before the sign-up bonus drops by half. So, let’s jump to the fun part of how to use the 100,000 Ultimate Reward sign-up bonus points.
Use 100,000 Ultimate Reward Points to Book $1,500 Worth of Travel via Chase
If you have the Sapphire Reserve your Ultimate Reward points are worth 1.5 cents each towards travel booked via Chase. This is a greater per-point value than any other Ultimate Rewards card provides, but you can move your other Ultimate Reward points from cards like the Sapphire Preferred, Freedom, Ink Plus, etc. to your Sapphire Reserve account and get this 1.5 cents in value from all of your Ultimate Reward points.
You can book hotels, airfare, car rentals, and even activities such as lift tickets, tours, shows, ski rentals, ground transportation, and more via the Chase website and use your points at 1.5 cents in value to cover those purchases. You can also use a combination of points and cash to cover those purchases.
I think getting 1.5 cents per point (and even earning airline miles from your flown tickets on top of that) is really solid. However, I always encourage folks to look beyond just this fixed value redemption option because you can sometimes do better than getting 1.5 cents in value for your Ultimate Reward points via transferring them to Ultimate Rewards hotel and airline transfer partners as I’ll point out below.
Use 100,000 Points to Stay up to 20 Nights at Hyatt Resorts Around the World
I transfer a good number of our Ultimate Reward points at a 1:1 ratio to Hyatt in order to stay at their resorts and hotels around the world. Their properties start at just 5,000 points per night for places like the Hyatt Regency Wichita and go up to Category 6 and 7 properties for 25,000 – 30,000 points per night. Some of these higher end properties we have stayed at include the Park Hyatt Maldives or Hyatt Regency Churchill in London for 25,000 points per night, and the Park Hyatt New York or the Park Hyatt Paris-Vendome for 30,000 points per night.
Editorial Note: The opinions expressed here are mine and not provided, reviewed, by any bank, card issuer, or other company unless otherwise stated.