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My favorite new rewards credit card and sign-up bonus in the last couple years has been the Chase Sapphire Reserve and its 100,000 point sign-up bonus. My husband and I (and several friends and family members) all got in on this deal when the offer was available online until January of this year. While the offer is not available online any more, it has continued to be available in Chase branches for those who go and apply in person. However, that deal is now also scheduled to come to a close effective March 12, 2017, which is just two days away.
Last Chance to Apply for 100,000 Point Sapphire Reserve Offer
If you have been wanting in on this deal and haven’t yet taken action, this is your final call to get yourself to a Chase branch ASAP! Like many other Chase cards, the Sapphire Reserve is subject to Chase 5/24 rules, meaning you are extremely unlikely to be approved if you have opened five or more new credit card accounts across all banks in the past 24 months, though applying in person has helped some who found out they were “pre-approved” get the card and bonus despite being over 5/24.
If you get to a Chase branch by Sunday, you should still be able to get the Sapphire Reserve’s 100,000 sign-up bonus points with $4,000 in spending in the first three months, as opposed to the online offer that is 50,000 points after $4,000 spent in the first three months. The card has a $450 annual fee, but for many travelers that is very much worth it for all that you get in the first year.
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 if you prefer.
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.