6

Nov

The Chase Sapphire Preferred card is offering a signup bonus of 40,000 Chase Ultimate Reward points.  Signing up for this card, and meeting the spending requirements, is a great way to earn points that can be used for airline tickets or hotel stays. Once you earn the sign up bonus, you can transfer Chase Ultimate Reward points to a number of airlines including new transfer partner United, a Star Alliance partner.

Offer Details

  • Limited Time Offer! - Earn 40,000 bonus points after you spend $3,000 in the first 3 months- that’s $500 toward travel!
  • Earn 2 points per dollar spent on Travel and Dining
  • Earn 1 point per dollar spent on all other purchases
  • You Can Apply For the Card Here*

This year I’m trying to diversify away from SkyTeam partner miles and into Star Alliance partner United Airlines. I was able to take advantage of the new United transfer option to move my points into United’s Mileage Plus program.  I already had a large balance with United from activity with two 2009 Hyatt promotions where you earned 2,500 & 5,000 miles with each Hyatt stay. So when I had a chance to acquire 40,000 additional points from Chase Sapphire card, I jumped on it. The card itself is actually a pretty cool looking dark blue hard metal that gets attention when you use it.

Other benefits Include

  • No Foreign Transaction Fees
  • No Annual fee for the first year, a $95 value
  • Annual 7% dividend on earned points, even on points redeemed
  • Transfer points to partners at a 1:1 value

Transfer Partners

Transfer Partners include a number of airline and hotel partners. I don’t see equal value in transferring between these programs, so it would be nice to see transfer bonuses in the future.  All partners allow transfers at a 1:1 ratio.

Bottom Line

This card is a great card because of the 2 points per dollar earning rate for travel and dining.  In addition, you can transfer to a number of partners at a 1:1 ratio.  Plus you can earn the 40,000 bonus points with $3,000 in spending in 3 months.  There is no annual fee for the first year.  But keep in mind your credit is one of your most important assets.

 

*Points, Miles and Martinis will earn a referral fee for successful Chase Sapphire Preferred applications through the link in this post

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  • Tat said,

    Hello what do u mean when u say”i don’t see equal value in transfering” does that mean if u want to use10,000.00 points to transfer partners they actually honor a lesser amount or it carries a lesser value? Thank u. This is a great site.

  • The Weekly Flyer said,

    What I mean is not all tranfer partners miles / points are the same value. Say you transfer 25 k to United and 25 k to Marriott. You’ll have 25k in both of those programs but I think the transfer to Marriott is not a good tranfer (unless to top off your account for an award) because their points are worth less.

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