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CNN
3 days ago
- Business
- CNN
Your guide to earning and redeeming points in the Chase Ultimate Rewards program
CNN Underscored reviews financial products based on their overall value. We may receive a commission through our affiliate partners if you apply and are approved for a product, but our reporting is always independent and objective. This may impact how links appear on this site. This site does not include all financial companies or all available financial offers. Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit to learn more. All information about the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® and the Ink Business Preferred® Credit Card has been collected independently by CNN Underscored. Chase Ultimate Rewards is one of the most valuable travel rewards programs out there. Ultimate Rewards points can be earned with an impressive lineup of credit cards and can be used in a variety of ways. They are especially valuable when transferred to one of the program's many transfer partners, which can help card holders unlock a huge variety of travel opportunities. You can use them to book flights, hotels and everything in between. If you're new to the world of travel rewards, Chase Ultimate Rewards is a great program for beginners. The points are relatively simple to earn from a wide range of credit cards, and there are a lot of options for redeeming them. You can also earn large amounts of Ultimate Rewards points from the current offers on some Chase cards, which can earn up to 100,000 points if you meet a spending target within a given time. Here's everything you need to know about the Chase Ultimate Rewards program. You can earn Ultimate Rewards points in various ways. Firstly, Chase offers some of the most lucrative credit card bonuses, enabling you to quickly earn hundreds of thousands of points that can then be used toward travel. Then there are category bonuses, meaning your points earnings are elevated for spending in certain categories. For example, with some cards, you'll earn 3 points per dollar spent on dining purchases, as opposed to 1 point per dollar. You can also take advantage of a referral program and of shopping online via the Chase shopping portal, among other ways to maximize your points earning. Earn Chase Ultimate Rewards points from Chase credit cards The best way to earn Ultimate Rewards points is with a Chase credit card. Chase issues personal and business cards, which are split, in turn, into cards that directly earn Ultimate Rewards points and cards that earn cash back. Chase has three credit cards that earn Ultimate Rewards points directly: the Chase Sapphire Preferred® Card, the Chase Sapphire Reserve® Card and the Ink Business Preferred® Credit Card. They offer relatively generous new card member bonuses and lucrative category bonuses, although they all carry annual fees. In the case of the Sapphire Reserve, the annual fee was just raised to a whopping $795, although the card offers benefits that can make it worthwhile for people who are able to utilize them. As mentioned, there are also a number of traditional cash-back credit cards in the Chase portfolio. For example, the Chase Freedom Unlimited® earns 3% to 5% cash back on select categories and 1.5% on all other purchases. Keep in mind that those cash-back cards do earn Ultimate Rewards points, which can be redeemed for cash back at a rate of 1 cent apiece. But if you also have a premium Ultimate Rewards card, like one of the three mentioned above, most Chase cash-back cards allow you to transfer points freely between accounts. That will give you the option to redeem them for travel instead of cash back or transfer them to Chase's many transfer partners, including airlines and hotels. By combining Chase cards in your wallet, you can maximize the Chase Ultimate Rewards points you earn. For example, you can opt for a trifecta including the Chase Sapphire Preferred, Chase Freedom Unlimited and Chase Freedom Flex cards. With the Sapphire Preferred, you're locking in a high new card member bonus and great continued rewards on travel spending, while the Freedom Unlimited and Freedom Flex offer many bonus categories to maximize your earnings. This approach requires keeping track of which cards you're using for each type of spending in your budget, but it pays off with a higher number of points in your account. Earn Chase Ultimate Rewards points by adding an authorized user Adding an authorized user to your Chase card can help you earn even more rewards. While Chase doesn't currently offer bonus points just for adding an authorized user, it's still beneficial. For starters, you'll double your earning power since you have another person charging their expenses to your card. Authorized users can also help you meet spending requirements in order to earn a new card member bonus. Before adding someone to your account as an authorized user, however, make sure it makes sense for you; while you'll be able to add the Ultimate Rewards points from their purchases to your account, you're also the one ultimately responsible for footing the bill. Ensure you're adding only family and friends whom you trust. Above all, pay off your bill each month, so you aren't incurring interest charges that would negate the value of the points you earn. Earn Chase Ultimate Rewards points by referring friends Referring friends for a credit card can be lucrative. Simply head to Chase's referral page and select the card to which you want to refer your friends, then follow the instructions to get a unique link you can share. If your friend applies via that link and is approved for a card, you'll earn bonus points. Chase typically offers anywhere between 10,000 to 20,000 Ultimate Rewards points for referrals, depending on the card. Referrals are capped to five a year, but you can still earn quite the chunk of points by referring your friends for a Chase card. Earn Chase Ultimate Rewards points via Chase Dining Chase Dining is an exclusive program that offers up to 10x points at participating restaurants for Sapphire Reserve card holders. Simply book and pre-pay your reservation, or order takeout, to earn 10 points per dollar spent. That's an incredible return on your spending and the highest category bonus offered by any Ultimate Rewards card. Do note that as of Oct. 26, 2025, the Chase Dining portal will be retired and replaced by Sapphire Reserve Exclusive Tables, which offers a credit of up to $300 annually for dining at restaurants that are part of the program. That's divided into $150 in statement credits from January through June, and another $150 from July through December. Earn Chase Ultimate Rewards points by shopping online The Chase shopping portal offers some of the most competitive earning rates at hundreds of online merchants. The next time you shop online, simply log in to your Chase account, navigate to Ultimate Rewards and search for the merchant you want to shop with. Click the merchant link provided by Chase and do your shopping as usual. You'll earn bonus points, depending on the merchant, in addition to the rewards from your credit card. After you've earned the points comes the fun part: redeeming them! Redeeming Chase Ultimate Rewards points is as simple as you want to make it. You can use points for statement credits or Ultimate Rewards travel bookings, or you can get fancy and transfer them to one of Chase's 14 travel partners, including 11 airlines and three hotel chains. Transferring points will typically get you the most value, especially if you use them for luxury travel. Redeem Chase Ultimate Rewards points by transferring to travel partners Transferring Ultimate Rewards to one of Chase's 14 travel partners will get you the most value. You can redeem them for stays at all-inclusive resorts, international business-class tickets, domestic flights and more. But keep in mind that not all airline and hotel loyalty programs are equal. Ultimately, you'll want to research which program will offer you the most in return, depending on what your travel plans are. Like with the American Express Membership Rewards® program, you'll need to link your Chase account with your account on the transfer partner's site. You'll also need to search for award availability with the airline or hotel of your choice before transferring any points. If you're interested in transferring your Chase Ultimate Rewards points to a travel partner, these are your 14 options, as well as the transfer rates: Aer Lingus AerClub: 1:1 Air Canada Aeroplan: 1:1 British Airways Executive Club: 1:1 Emirates Skywards: 1:1 Air France/KLM Flying Blue: 1:1 Iberia Plus: 1:1 IHG Rewards Club: 1:1 JetBlue TrueBlue: 1:1 Marriott Bonvoy: 1:1 Singapore Airlines KrisFlyer: 1:1 Southwest Rapid Rewards: 1:1 United MileagePlus: 1:1 Virgin Atlantic Flying Club: 1:1 World of Hyatt: 1:1 Chase also runs transfer promotions for certain airlines and hotels. During those transfer offers, you can get more points than the standard transfer rate listed above. Bonuses like these can increase the value of your points by enabling you to book sought-after award tickets for substantially less. By transferring Chase Ultimate Rewards points to partner airlines, you unlock the ability to travel for next to nothing; in most cases, when redeeming points and miles, you'll just have to pay the taxes and fees on a ticket. This opens the door to flying experiences that might otherwise be out of reach. Keep in mind that the most obvious airline choice may not always be your best option. Airlines typically have extensive alliance networks, allowing you to redeem points for partner airlines through their respective programs. For example, Delta Air Lines and Air France/KLM are both members of the SkyTeam alliance, meaning you can transfer your Chase Ultimate Rewards points to Flying Blue — the European carriers' joint loyalty program — and redeem them for flights operated by Delta. If you want to go the route of transferring your Ultimate Rewards points to a travel partner, note that some options are better than others, particularly when it comes to award sweet spots. Some of those sweet spots include the following: British Airways: 20,000 British Airways Avios, plus taxes and fees, for a one-way economy-class ticket between the West Coast and Hawaii on American Airlines. Iberia Plus: 34,000 Iberia Avios, plus taxes and fees, for a one-way business-class ticket between the East Coast and Europe. World of Hyatt: 21,000 World of Hyatt points for an off-peak free night at the all-inclusive Hyatt Ziva Puerto Vallarta. Air France/KLM Flying Blue: 60,000 Flying Blue miles, plus taxes and fees, for a one-way ticket in business class from the East Coast to Europe. In general, you'll get the most value out of your Chase Ultimate Rewards points by transferring them to airline partners. But that may not always make sense for all card holders — and it's not your only option. Redeem Chase Ultimate Rewards points via Chase Ultimate Rewards Travel If you want a hassle-free way to redeem your points for travel at a higher value than a statement credit (more on that below), then Ultimate Rewards Travel is the way to go. Currently, Sapphire Reserve card holders get 1.5 cents in value per point on Ultimate Rewards bookings, while Sapphire Preferred card holders get 1.25 cents. For the traditional cash-back cards, such as the Freedom Unlimited and the Freedom Flex, Ultimate Rewards points can be redeemed for 1 cent per point in value. This is being replaced, however, by a feature called Points Boost, which lets card holders redeem points for select travel bookings at a value of 1.5 to 2 cents per point, depending on the card. Existing card holders can redeem points earned until Oct. 26, 2025 at the current rates — those in effect before the introduction of Points Boost — until Oct. 26, 2027. Redeem Chase Ultimate Rewards via Chase Experiences Chase card holders can also redeem points for experiences, such as sports events or concerts. The redemption rate is lower, just 1 cent per point, but if it saves you money on an expensive pair of concert tickets, then it might be worthwhile. Head to the Chase Experiences portal to check out what's available. Redeem Chase Ultimate Rewards points for a fixed value Fixed redemptions aren't the best use of Ultimate Rewards points, offering about 0.75 to 1 cent per point in value. Considering that frequent-flyer website The Points Guy values Chase points at 2.05 cents apiece, that's far less than what they can be worth. However, fixed-value redemptions can be interesting in certain circumstances. For example, through a feature called Chase Pay Yourself Back, points are worth 1 cent each, with an exception: The holders of select Chase cards get 1.25 cents per point on purchases in some categories, which change quarterly. Log in to your Chase account or Chase mobile app, go to Chase Ultimate Rewards and select the Pay Yourself Back redemption option to see if your card is eligible for those elevated Pay Yourself Back rates. Chase card holders can also redeem points for merchant gift cards at around 1 cent each. The worst redemption value is using Shop with Amazon, which gives you just 0.75 cents per point, which is why we do not recommend using credit card points to shop with Amazon. Generally speaking, if you're looking to get the most value out of your Chase Ultimate Rewards points, redeeming for a fixed value is the worst option. But every card holder's goals for their points will be different, and even redeeming at 1 cent per point will save you cash. How much Ultimate Rewards points are worth depends on how you elect to redeem them. Generally, they're worth about 1 to 2 cents apiece. You'll get at least 1 cent per point when redeeming for statement credits and gift card redemptions. If you redeem your points through Chase Travel℠, they're worth 1.25 to 1.5 cents each, depending on which credit card you have. Where you can get the most value from your Ultimate Rewards points is with transfer partners. By electing to redeem your points this way, you can get well over 2 cents per point in value. Much like Amex Membership Rewards points, Citi ThankYou points and Capital One miles, Chase Ultimate Rewards points are so valuable because of how versatile they are. To extract the most value from them, you can transfer them to one of 14 airline and hotel partners for a luxurious experience that might otherwise be out of budget. At the opposite end, if you're looking to just save on your next statement, you can redeem them for a fixed value of 1 cent. This flexibility is part of why having Chase Ultimate Rewards points can be so rewarding. The following FAQs have been answered by CNN Underscored senior money editor and credit card expert Alberto Riva. How much are Chase Ultimate Rewards points worth? How much are Chase Ultimate Rewards points worth? The value of Chase Ultimate Rewards depends on how you redeem them. They can be worth well above 2 cents per point when transferred to partners such as airlines and hotel chains to book travel, or they can be worth as little as 0.7 cents per point when used for Amazon purchases. What is the best use for Chase Ultimate Rewards points? What is the best use for Chase Ultimate Rewards points? The best use of your Chase Ultimate Rewards Points depends on your goals. If you want to use them for travel, you have a vast array of choices at your disposal. For example, you can use them for long-haul flights in business class or for stays at luxury hotels. If you're looking to save cash, you can use them to offset all or some of your credit card statement — or you can choose several other options for your points. Flexibility is one of the main features of Chase Ultimate Rewards. How do you maximize the value of Chase Ultimate Rewards points? How do you maximize the value of Chase Ultimate Rewards points? The way to extract the most value from Chase Ultimate Rewards points is to transfer them to one of Chase's 14 transfer partners, which include 11 airlines and three hotel chains. Especially during periods when Chase offers a transfer bonus, this can get you well over 2 cents per point in value. CNN Underscored's team of expert editors and contributors carefully reviews credit cards, travel rewards and loyalty programs to help readers navigate changes and make informed financial decisions. Senior money editor and credit card expert Alberto Riva, who holds five Chase credit cards, has been collecting Ultimate Rewards points since 2017 and has redeemed them many times for numerous flights in business class across the Atlantic. For this article, he applied his years of industry knowledge and personal experience to ensure every detail is accurate and actionable. Our recommendations are grounded in real-world value, not hype, and backed by thorough analysis, expert insight and a commitment to clarity and transparency. Editorial disclaimer: Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Forbes
04-07-2025
- Entertainment
- Forbes
Chase Sapphire Reserve Announces New Restaurant And Celebrity Events
Jalen Brunson of the New York Knicks in action. Through Chase Sapphire Reserve's program Summer, Reserved, he's one of the celebrities cardholders can meet. (Photo by) Getty Images A New York Knicks fan who wants to meet the team's star guard Jalen Brunson and perhaps continue to discuss/mourn the team's playoff loss can do that on July 23. It will take place during a dinner at the critically lauded West Village restaurant San Sabino, a tough reservation to get for its Italian accented seafood, in collaboration with Brooklyn's revered pizza specialist Lucali. The requirement: a Chase Sapphire Reserve card, which will also get cardmembers access to other special experiences as part of the program Summer, Reserved. The Premise of the Program Summer, Reserved 'Our cardmembers have made it clear: they're looking for more than just reservations. They want access - access to the restaurants they love and the kind of one-of-a-kind moments you can't otherwise create,' according to Sam Palmer, General Manager of Chase Sapphire. 'Summer, Reserved is our way of delivering on that, with unforgettable experiences in incredible spaces—and there's still so much more to come.' Meeting Lin-Manuel Miranda and Dinner At the Public Theater Lin-Manuel Miranda onstage as Alexander Hamilton during the Hamilton performance at the 2016 GRAMMY Awards. (Photo by Theo Wargo/WireImage) WireImage Another event, just over a week after the Brunson event on August 1 is geared more to theater fans. Anyone who watched this year's Tony Awards and saw the mashup of Hamilton musical numbers featuring the show's original cast is aware that the groundbreaking musical is celebrating its 10th anniversary this year. So who better to meet than the show's creator, original Alexander Hamilton and theater icon Lin-Manuel Miranda on the stage of New York's Public Theater where the show launched before heading to Broadway. Dinner on the stage is also included, created by the restaurant Colonia Verde. Out in the Hamptons Since it's summertime when the New York scene largely shifts east to the Hamptons, activities are also being assembled out there. Among them: a popup available to cardmembers from the Los Angeles/Las Vegas/Miami celebrity hotspot Delilah that will similarly be hard to get into but will be easily accessible for cardmembers. The Program's Restaurants for Special Events Shrimp Parm, a signature dish at San Sabino, one of the New York restaurants featured in Summer, Reserved. Evan Sung Restaurant experiences are a mainstay of elite cardmember perks, an area to which Chase Sapphire Reserve executives devote special focus, particularly with the acquisition of The Infatuation, an opinionated, sometimes cheeky, always honest restaurant review site that started in New York and expanded nationally and internationally. 'We always try to meet our cardmembers where they are – whether it's the city they live in, a place they frequently travel to, or simply somewhere they want to be,' explains Chris Stang, co-founder of The Infatuation and head of lifestyle at Chase. 'For Summer, Reserved, we chose locations where we could curate something they won't find elsewhere that's interesting, exciting and also feels relevant to the time of year. As we move forward, you can expect to see us announce more experiences throughout the year that take place in different cities across the country and beyond.' The signature rolled lasagna at New York restaurant Don Angie. Ashley Sears This summer, the program includes restaurant takeovers between July 23 and 26, collaborations between two restaurants and special chef moments. In New York, the takeovers are the San Sabino and Lucali collaboration (on July 24-26 following the Jalen Brunson dinner); San Sabino's sister restaurant, the inventive Italian Don Angie next door; Chez Fifi, the cozy French bistro on the Upper East Side that's been described as the toughest table to get in town and Kabawa, the Lower East Side Caribbean restaurant that's part of star chef David Chang's Momofuku group. A dinner party at Majordomo in Los Angeles hosted by David Chang for his Netflix series Ugly Delicious. (Photo byfor Netflix) Getty Images for Netflix In Los Angeles, the chosen restaurants include another Chang restaurant Majordomo in a collaboration with the Mexican seafood spot Loreto; the French-Japanese bistro Camélia and the Mexican-Italian restaurant Amiga Amore. The Chicago program spotlights four restaurants: the James Beard nominated Mexican Mariscos San Pedro in collaboration with the modern French Obelix; the Latin American Cariño; Italian Alla Vita and Basque Asador Bastian. Nashville has one event on July 26: Bad Idea, a wine bar with Laotian cuisine in collaboration with Miami's hyper seasonal Krüs Kitchen. Other Perks Apart from the summer special events, Chase is also adding other perks to the card: a new annual $300 dining credit along with primetime reservations through Sapphire Reserve Exclusive Tables, a growing list of hundreds of restaurants curated by The Infatuation and OpenTable in collaboration with the Visa Dining Collection. And more special features are on the way. MORE FROM FORBES Forbes Uptown French Food, Downtown Decor: Maison Nur Opens In New York Forbes These 4 New York Hotels Get You Into The Hottest Broadway Shows Forbes New York's Joomak And Hear & There: 2 New Asian Tasting Menu Displays
Yahoo
24-06-2025
- Business
- Yahoo
Chase ends 48-month bonus rule for Sapphire cards — are you still eligible for a Chase Sapphire sign-up bonus?
The travel credit cards world is abuzz with activity as Chase launches the updated Chase Sapphire Reserve® and the all-new Sapphire Reserve for Business℠. However, it's not all business as usual if you're hoping to earn a shiny new credit card welcome offer. Chase has new eligibility requirements with its Chase Sapphire consumer cards, affecting both the non-business Sapphire Reserve and the Chase Sapphire Preferred® Card. Previously, you could get approved for a Chase Sapphire Reserve or Sapphire Preferred welcome bonus once every 48 months. In most cases, you could not hold a Sapphire Reserve and a Sapphire Preferred at the same time. These rules are changing. Eligibility language is confusing, but here are the key points: Lifetime limit: You are not eligible for a sign-up bonus on any Sapphire product (Sapphire Preferred, Sapphire Reserve, or Sapphire Reserve for Business) on which you've earned a bonus before. Current cardholder: If you are a current Sapphire member that's already earned a welcome bonus, you are not eligible for a sign-up bonus on any other Sapphire card. Past cardholder: If you are a past Sapphire member but no longer have that card, you are eligible for a sign-up bonus on a new Sapphire card you've never had before. Multiple Sapphire cards: While you aren't eligible for a sign-up bonus on another Sapphire card as a current cardholder, you can hold both a Sapphire Preferred and Reserve at the same time. You can even go for the trifecta and get the Sapphire Reserve for Business card, too. Product changes: Current Sapphire members can downgrade to a non-Sapphire card and then apply for a new Sapphire card to earn its welcome bonus (as long as it's a Sapphire card they've never earned a bonus on before). It could take a week or two for Chase to no longer recognize you as a Sapphire cardholder after a product change. Sapphire Reserve for Business: These guidelines don't affect your eligibility for earning a welcome bonus on the Sapphire Reserve for Business. In place of the previous rules for receiving a Sapphire welcome bonus once every 48 months, there's now a once-per-lifetime limit. You can earn the bonus on the Sapphire Preferred once, for example, and you can earn the bonus on the Sapphire Reserve once. Ever. This is similar to the American Express lifetime limits on Amex credit cards. This is a negative outcome for consumers who were accustomed to earning multiple welcome bonuses on the same Sapphire product over many years. According to the new guidelines, there is nothing explicit stating that you can't hold both a Sapphire Preferred and a Sapphire Reserve at the same time. Rather, you can't earn a welcome bonus on another Sapphire product if you're a current Sapphire customer. This is a neutral outcome because there's likely little reason to have both the Sapphire Preferred and Reserve at the same time — especially if you can't earn a welcome bonus on a second Sapphire product. These new guidelines are mostly for the Sapphire consumer cards, meaning the Sapphire Reserve for Business is exempt from a lot of them. You don't have to worry about having the Sapphire Reserve for Business if you're applying for one of the personal Sapphire products. However, it's still a once-per-lifetime limit on the bonus for the Sapphire Reserve for Business. This is a positive outcome because it means existing or past personal Sapphire cardholders don't have to worry about the new eligibility requirements if applying for the Sapphire Reserve for Business. In general, you can earn a Sapphire bonus if you have never received a bonus for that card in the past and you are currently not holding either of the Chase Sapphire consumer cards. If you've ever had a Chase Sapphire Preferred card before, you aren't eligible for another Chase Sapphire Preferred bonus. The same goes for receiving a Chase Sapphire Reserve bonus before if you've ever had that before. Bummed about the new Chase Sapphire welcome bonus rules? Check out other credit card sign-up bonuses. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
24-06-2025
- Business
- Yahoo
Missed the last offer? Jump on the new Sapphire Preferred 75K bonus
Along with the launch of the updated Chase Sapphire Reserve® and the new Sapphire Reserve for Business, Chase has upped the bonus on the Chase Sapphire Preferred® Card from 60,000 to 75,000 points: Chase Sapphire Preferred: Earn 75,000 points after spending $5,000 on purchases in the first three months of account opening. It's not as high as the recent 100,000-point bonus, but it's better than the standard offer and well worth considering if you're in the market for one of the best travel credit cards available. Read more about the new Chase Sapphire card eligibility requirements to see if you qualify for a Chase Sapphire welcome bonus. We calculate Chase Ultimate Rewards points to be worth about 2.05 cents per point, which means 75,000 points would be worth about $1,537.50. Note that your actual redemption value may be lower or higher than this, depending on how you redeem your points. In general, we find some of the best-value options for Chase points are redeeming them toward travel, including premium flights and hotel stays with transfer partners. See an overview of credit card transfer Chase Sapphire Preferred is one of the best travel credit cards available for good reason. It has a low annual fee, an elevated rewards rate, and the opportunity to earn a valuable and flexible travel rewards currency. It's such a good card, we've rated it as the overall best credit card for rewards. That being said, there are better cards if you prefer earning cash-back rewards or if you want premium travel benefits, such as airport lounge access. The Sapphire Preferred makes sense for all types of travelers, but it's not going to have the same access to exclusive perks as the luxury travel cards, like the Chase Sapphire Reserve. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
Yahoo
23-06-2025
- Business
- Yahoo
Earn up to 200,000 points with the updated Sapphire Reserve and new Sapphire Reserve for Business cards
Chase is offering elevated welcome offers on its Sapphire Reserve cards, including the Chase Sapphire Reserve® and the brand new Sapphire Reserve for Business: Chase Sapphire Reserve: Receive 100,000 points and a $500 Chase Travel credit after spending $5,000 in the first three months. Sapphire Reserve for Business: Earn 200,000 points after spending $30,000 on purchases in the first six months of account opening. These huge sign-up bonuses follow Chase's announcement of massive updates to its flagship premium travel credit card, the Sapphire Reserve. The Sapphire Reserve updates include a slew of new features and benefits, as well as an annual fee increase to $795. Read more about the new Chase Sapphire card eligibility requirements to see if you qualify for a Chase Sapphire welcome bonus. We calculate the value of Chase Ultimate Rewards points to be about 2.05 cents per point. That means 100,000 Chase points would be worth about $2,050 and 200,000 points would be worth about $4,100. Keep in mind that you can redeem Chase points for a number of different things, but these values are based on redeeming your points for travel. Specifically, you can often get the best value from Chase points by transferring them to certain travel partners, such as World of Hyatt or Air Canada Aeroplan, for high-value redemptions. You can transfer Chase points to your World of Hyatt account and redeem them toward Hyatt stays. A standard night at a Category 1 Hyatt hotel costs between 3,500 to 6,500 points. In the example above, you can stay 20 nights at the Hyatt Place Los Cabos — which is minutes from the beach and offers free breakfast — for less than 100,000 points. That's an excellent way to spend a few weeks if you have the time to spare and like Los Cabos. It's also a great way to work toward earning or maintaining World of Hyatt elite status. You can often get great redemption value by transferring Chase points to certain airline partners and booking premium (first or business class) flights. You should have a specific redemption already in mind, on hold if possible, before transferring your points to a partner, since you can't transfer them back. In the example above, you can book a business class flight with Emirates from New York (JFK) to Milan (MXP) for 87,000 miles plus $101.50 in taxes and fees. The cash price for this flight is $5,778, which gives you a redemption value of about a whopping 6.5 cents per point. You can also get excellent redemption value by redeeming your points toward luxurious hotel stays. For example, this one-night stay at the Park Hyatt Vienna costs $1,005.69 or 30,000 points. Redeeming your points on this stay would give you a value of about 3.4 cents per point, which is well above updated Chase Sapphire Reserve is chock-full of benefits, including loads of new credits that can help offset the increased annual fee. If the credits align with your travel habits and preferences, you should be able to get more than enough value to make the card worth it. If the credits seem too complicated to use, consider other travel credit cards with more straightforward benefits. The Sapphire Reserve for Business makes sense if you can leverage its rewards and benefits for full value as a small business owner. Part of having a premium travel card is traveling enough to use perks like airport lounge access and Lyft credits. With the business card, you also have access to business-related credits from ZipRecruiter and Google Workspace. If you're not sure whether you can get value from these credits, you might want to consider a different business credit card. The Sapphire Reserve cards only make sense if you're willing to pay a hefty annual fee. If you're not, consider no-annual-fee credit cards or other travel cards with lower annual fees. These cards have plenty of valuable benefits, but they aren't always the easiest to use, especially with complicated credits. Editorial Disclosure: The information in this article has not been reviewed or approved by any advertiser. All opinions belong solely to the Yahoo Finance and are not those of any other entity. The details on financial products, including card rates and fees, are accurate as of the publish date. All products or services are presented without warranty. Check the bank's website for the most current information. This site doesn't include all currently available offers. Credit score alone does not guarantee or imply approval for any financial product.
