The Chase Sapphire Preferred ® Card earns Ultimate Rewards points which can be used liked fixed
value points for statement credits, etc..
Not exact matches
The card earns Membership Rewards
points, the currency in Amex's loyalty program, which can be exchanged
for statement credits or cash back, used to book travel through Amex's travel website, or, to get the most
value, transferred to any of 17 airline and three hotel transfer partners (transferable
points are among the best).
The redemption
value is different if you choose to redeem your
Points for other rewards such as travel and hotel options, merchandise, gift cards, and / or
statement credit.
Those Membership Rewards
points can be redeemed
for statement credit, gift cards, and Uber
credits, but you'll get the most
value out of using them to book travel through amextravel.com or by transferring them to an airline or hotel partner:
The redemption
value is different if you choose to redeem your
Points for other rewards such as travel options, merchandise, gift cards, and / or
statement credit.
With generic travel cards, you can redeem your
points for cash back, flights, hotel stays or
statement credits, but you get the best
value for travel - related purchases.
In some cases, you might be able to redeem cash or
points for a gift card with a face
value that does more good than a
statement credit or cash back.
Unfortunately
for Membership Rewards is that most other redemption options (cash back, shopping or
statement credits) reduce the
value of your
points by 20 - 30 %.
If you just aren't traveling or using the card anymore, you do have the option to redeem
for other
statement credit or gift cards, but doing so cuts the
value of the
points in half (5000
points for $ 25), so we don't recommend doing this.
Unfortunately
for Membership Rewards is that most other redemption options (cash back, shopping or
statement credits) reduce the
value of your
points by 20 - 30 %.
Whereas similar cards, like the Capital One Venture, let you redeem
points for travel
statement credit at 1 cent per mile, the Chase Sapphire Preferred will let you transfer
points at a 1:1 ratio to one of its partners, creating the potential
for way more
value.
Your rewards come in the form of
points with a
value of $ 0.01 per
point (so 2,500
points can be redeemed
for a $ 25
statement credit,
for example).
The other option, which is redeeming
for statement credits, will only yield a
value of one cent per
point.
With generic travel cards, you can redeem your
points for cash back, flights, hotel stays or
statement credits, but you get the best
value for travel - related purchases.
Most redemption options will give you a
value of 1 cent per
point, including redeeming
points for online shopping,
statement credit or cash back, and donations.
The redemption
value is different if you choose to redeem your
Points for other rewards such as travel and hotel options, merchandise, gift cards, and / or
statement credit.
Also, the card comes with a 30,000 -
point introductory bonus and a $ 50
statement credit for adding an authorized user and making a purchase on the card — that amounts to more than $ 400 in
value in the first year.
For Chase Sapphire Preferred ® Card cardholders, these
points are
valued at $ 0.0125 each if used towards travel
statement credit through the UR portal.
While the
points can be used
for a
statement credit or
for gift cards, their best
value.
Points are
valued at $ 0.006 each when redeemed
for a
statement credit.
Redeem
points for a
credit statement rather than cash or
credit cards to get the best
points value.
There are fixed - rate cards that allow you to redeem
points at a fixed
value for statement credits against travel expenses, such as the Discover it ® Miles Card and the Barclaycard Arrival Plus ™ World Elite MasterCard ®.
American Express allows you to take a
statement credit for your MR
points at a
value of.006 per
point.
These
points can be redeemed
for statement credits at a
value of 1 cent each toward travel purchases of $ 100 or more made within the last 120 days.
By using
points for statement credit, you ensure you get the full
value of the
points you have earned while continuing to earn on all your purchases.
Then a few days later, a
statement credit for the
value of the
points redeemed will show up on your card as a totally separate line item.
For instance, if you use points for statement credit, you will only get a value of $ 0.006 per poi
For instance, if you use
points for statement credit, you will only get a value of $ 0.006 per poi
for statement credit, you will only get a
value of $ 0.006 per
point.
To squeeze a bit more
value, Matthew and Lauren could use enough Ultimate Rewards as a
statement credit to cover the $ 87 in taxes
for the flights, but at just 1 cents each, they'd be getting far less
value doing this than they did from the Ultimate Rewards
points they converted to Avios, so we wouldn't recommend it.
Chase Ultimate Reward
points can also be used
for statement credits, gifts cards, and a wide variety of other products through the Chase shopping portal, but that only offers a
value of 1 cent per
point, which is definitely not the best use of this valuable
point currency.
While the Business Advantage Travel Rewards World MasterCard offers these redemption options, the
value you receive when choosing either of these is significantly less than the one cent or more you'll receive by redeeming your
points for travel expense
statement credit or
for travel through the Bank of America Travel Center.
You get this
value when you redeem
for gift cards, shop with
points, or use
statement credit.
For example, redeeming for a cruise with a value of $ 499.99 or less will equal a value of one cent per point toward a statement credit, but when redeeming for a cruise valued at $ 500 to $ 1,499.99, your points are worth 1.25 cents ea
For example, redeeming
for a cruise with a value of $ 499.99 or less will equal a value of one cent per point toward a statement credit, but when redeeming for a cruise valued at $ 500 to $ 1,499.99, your points are worth 1.25 cents ea
for a cruise with a
value of $ 499.99 or less will equal a
value of one cent per
point toward a
statement credit, but when redeeming
for a cruise valued at $ 500 to $ 1,499.99, your points are worth 1.25 cents ea
for a cruise
valued at $ 500 to $ 1,499.99, your
points are worth 1.25 cents each.
The
value of the
points increases up to 2.5 cents each toward
statement credits for a cruise purchase of $ 4,001 or more.
Whereas similar cards, like the Capital One Venture, let you redeem
points for travel
statement credit at 1 cent per mile, the Chase Sapphire Preferred will let you transfer
points at a 1:1 ratio to one of its partners, creating the potential
for way more
value.
The
points earned with the Blue Cash Preferred card are as good as cash and are
valued at one cent each when redeemed
for statement credits.
Gift cards are redeemed at a
value of 1.0 cents per
point while
statement credits redeem
for.7 cents per
point.
Before you redeem your rewards
points for gift cards or
statement credits, you need to check the redemption
value for each type of reward.
You can also use your UR
points for a
statement credit (50,000 Ultimate Rewards
points as $ 500 in cash back) or you can even book travel through the Ultimate Rewards website and receive a 20 % discount (50k
points is $ 625 in
value).
Most redemption options will give you a
value of 1 cent per
point, including redeeming
points for online shopping,
statement credit or cash back, and donations.
While the
points can be used
for a
statement credit or
for gift cards, their best
value.
Since
points can only be redeemed
for statement credits, their
value is fixed.
Points earned with the Barclays NFL card have a fixed
value of one cent each when you redeem them
for cash back in the form of
statement credits.
Points can be redeemed
for a
statement credit or a deposit into a U.S. checking or savings account at a 1 %
value.
The Membership Rewards program really falls short on its cash back redemption option — you get a very low
value of 0.6 cent per
point when you redeem
points for statement credits.
The Mastercard Gold Card tries to get away with offering such a low rewards rate by promising a higher rewards
value when you redeem your
points for travel or a
statement credit.
Then in March I gave some tips on maximizing fixed -
value travel rewards
points by redeeming
for statement credits against hotel reservations made directly with the hotel, in order to earn hotel loyalty
points and stay and night
credits towards elite status.
Note: You should avoid using
points for event tickets,
statement credits or merchandise, since these items have 50 percent of the
value of other rewards options.
With these types of cards, the
points are usually
valued at one cent per
point, meaning
for every 10,000
points earned, you will receive $ 100 in
statement credits.
For example, if you can get $ 500 in travel statement credit in exchange for 50,000 points, your point value is $ 500 / 50,000 = $ 0.
For example, if you can get $ 500 in travel
statement credit in exchange
for 50,000 points, your point value is $ 500 / 50,000 = $ 0.
for 50,000
points, your
point value is $ 500 / 50,000 = $ 0.01.
There are two camps of travel cardholders, those who prefer the ability to transfer
points between partners to stretch the
value and then those who want the flexibility to just redeem rewards
for statement credits.