Today is the first Friday of the month so here’s your monthly reminder to use your Chase Sapphire Preferred card to pay for your meals today since they’ll offer 3 Ultimate Rewards points per dollar instead of the usual 2 points.
Ultimate Rewards are one of my favorite currencies since they can be transferred to so many partner airlines and hotels. Several times I’ve transferred them to Hyatt and then booked rooms that would have cost well over $400 USD per night. Recently a friend transferred her UR points to Virgin Atlantic and then booked a flight to Australia on Virgin Australia for $28 in taxes. That same flight costs just over $1000 right now!
The Sapphire Preferred card also earns 2 points per dollar on all travel expenses so that $28 charge for airline taxes will earn my friend 56 Ultimate Rewards points. Plus, the Sapphire Preferred has no foreign transaction fees and it does have chip + signature technology. Sign up now and get 45,000 points after spending $4000 in the first three months. You can get an additional 5000 points for adding an authorized user. The annual fee is $95 but it’s waived for the first year.
(Note: I have no affiliation with Chase and receive no compensation though using this link will help a fellow blogger maintain his excellent site.)
Just a quick reminder that tomorrow you’ll get 3x Ultimate Rewards points on dining when you use your Chase Sapphire Preferred card at restaurants. Normally the CSP gives two points but once a month gives us this little boost.
Ultimate Rewards points are extremely versatile. They can be transfered to six different airline frequent flyer programs, four different hotel rewards programs and to Amtrak’s program. Or you can use them like cash when buying travel products through the Ultimate Rewards portal. If you choose to redeem this way you’re not limited by award seat/room availability and you’ll earn points on your flight or stay. As an added bonus you’ll get a 20% discount on the number of points required – so a $500 flight would only cost 40,000 points.
If you don’t have an immediate use for Ultimate Rewards points, it’s best to hang on to them and only transfer them when needed. That keeps them flexible, which is one of their greatest assets.
So go out to lunch with your co-workers tomorrow, offer to put the bill on your credit card and have them reimburse you!
Remember that tomorrow is the first Friday of the month and instead of the normal 2 points per dollar spent at restaurants, you can get 3 points per dollar with your Chase Sapphire Preferred card. Chase is keeping this offer through the end of the year but we don’t know if they’ll continue it into 2015 or not so take advantage of this offer while you can! Remember you can buy restaurant gift cards in the store itself and effectively enjoy the 3x points for many more visits!
I eat out a lot and that’s one of the reasons the Chase Sapphire Preferred card is so valuable to me. It earns 2 Ultimate Reward points per dollar spent on dining. But on the first Friday of each month it earns 3 points per dollar. And guess what today is!
Ultimate Rewards have a variety of airline and hotel partners, making them one of the most valuable and versatile points currencies. So volunteer to pick up the check at lunch today and have everyone else reimburse you!