My favorite perks come from the Ultimate Rewards Points. They are VERY flexible. Here are my three favorite uses of these suckers!
- If I need some cash, I can convert them at a penny apiece. 50,000 points = $500. And… that money is tax-free!
- I can convert them 1:1 to flyer miles on nine airlines (United, Southwest, Virgin Atlantic, British Airways, Air France, Aer Lingus, Iberia Plus, Korean Air, or Singapore Airlines) or hotel points at four hotels (Hyatt, Marriott, IHG and Ritz-Carlton,).
- I get 1.25 per point if I use the Ultimate Rewards portal for my travel plans. Points can be used to cover taxes and fees. If I don’t have enough points to do all I want, I can pay the balance with cash.
The easiest way to bank a bunch of these bad boys is by getting a Chase Sapphire Preferred personal credit card. Right now the current sign up bonus is 50,000 Ultimate Rewards points if you spend $4,000 in the first three months your card is open. That’s worth $625 in travel if you redeem through the Chase Ultimate Rewards portal. You’ll also get another 5,000 points if you add an authorized user (which is worth another $62.50 in Ultimate Rewards portal redemptions). You’ll get 2x points on dining and travel and 1x on every other purchase. There’s no annual fee the first year. Never any foreign transaction fees.
Interested? You can find more information on that card under “Chip’s Favorite Credit Card Offer$” at the top right side of this website. Click on “Rewards Credit Cards”. Once redirected to the card site, it’s the 1st card on the page. Email me if you have any questions.
Thank you for using my links. Doing so helps me afford to keep the 1s and 0s spinning around cyber-space so I can keep you posted on these great offers!
Meeting “the spend” is easier than you think. Check out my post 11 Ways To Meet A Spending Requirement
Also check out my recent video on how to meet the spend when time is running out: