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I’ve been using the Chase Sapphire card for just over a month and my review so far can be summed up in one word: LOVEIT! Okay, maybe that should be two words, but regardless it has been a really good experience so far. You can read more about me applying and getting approved for this card here and here. I applied under a promotion that gave you 50,000 points after spending $3000 on the card within the first 3 months. The annual fee is also waived for the first year under this promotion. I was fortunate enough to be able to “bump the bonus” up to 100,000 points. Unfortunately that deal is now dead, but the original deal I signed up for in order to get 50,000 points is still alive and kicking as of today.
Since we put virtually all of our bills and daily spending on credit cards (including daycare – that adds up fast!) we were able to meet the spending requirement pretty quickly. The billing cycle in which we met the minimum spend requirement recently ended and the 50,000 bonus miles from the sign-up promotion, as well as the miles earned through regular spending on the card, were immediately posted into my Chase Ultimate Rewards account. I had purchased a gift card to a store though their online shopping portal in order to get 3x points and those bonus points had posted as well. That is really fast! I love AMEX, but they take several months usually to get you your sign-up bonus and bonus points through their shopping portal, so this quick turn around was very exciting to me! Other than when I activated, I haven’t had to call into their customer service yet, but I love the fact that their phones are immediately answered by English-speaking humans and not a computer.
You can use their points to transfer 1 to 1 to Continental, Hyatt, Marriott, British Airways, Amtrak, and Priority Club (Holiday Inn). You can also use them to redeem for gift cards, book flights directly, or to pay yourself back for other purchases made on your card. Essentially these points are very versatile and valuable. I plan to use mine to transfer to Continental and/or Hyatt, but the possibilities are virtually limitless. Conservatively 50,000 points is worth $500-$1000 depending on what you redeem them for. So if you have yet to get this card really give it some consideration. As long as you can meet the minimum spending requirement (and I will do a post later this week with some tips on how to easily do that without spending any more than you already are) then it is basically $500-$1000 free dollars for you to use!