The 100k Chase Sapphire Preferred bonus will not be long. How would I use it

I consider every opportunity to save on the trip that costs my time. So when Chase Sapphire Preferred® Card* It comes with an enlarged bonus, I notice.

Is now one of my favorite Travel Credit CardsAnd now you can earn 100,000 Chase Ultimate Rewards points after spending $ 5,000 within the first three months after opening the account.

Usually the card offers a welcome bonus of 60,000 points when it spends $ 4,000 within the first three months. So yes, you have to spend an additional $ 1,000 to earn the extra points, but you can also save more when using your points to book flights and hotels with Chase.

These welcome bonuses on Chase usually last only a few months, so I do not recommend sleeping on this offer. I will explain how to decide if the card is right for you and I will give you advice on how to maximize your travel profit this year.

How have I spent Chase Sapphire a preferred welcome bonus

CSP is my favorite low Annual Travel CardS Beyond the welcome bonus, I love the benefits of traveling on the card, such as cancellation of travel and interruption insurance. I have a card for about two years and saved me a lot of money for flights and hotels – especially when I won the welcome bonus.

I would go after the new Welcome bonus I heard myself about Chase’s 48-month rule. If you have won a welcome bonus on your Chase Sapphire card in the last four years, you cannot qualify for the new bonus.

The pursuit points are usually estimated at one cent to point, but you will get more value if you buy them in the Chase Travel Portal, where the points get an increased speed of 1.25 cents. This would make these 100,000 bonus points worth $ 1,250.

Hands down, I would use the points to the flights. Let’s say I wanted to book Tickets for a round economy economy For my family from four from Charlotte, North Carolina, to New York (June 4 to June 8). If I book through the Chase Travel Portal, it will cost about $ 1.016. So I would have enough points to cover the cost of airline tickets for my entire family.

You can also book hotels, cars for rent and cruises with an increased price of prizes.

Before booking through the Chase Travel Portal, be sure to look for deals and other redemption options. Chase has Airline and hotel partners which offer higher redemption rates if you transfer your points. You can earn the most through transfer partners, but you can still get the extra redemption value when you book through the Chase portal.

Other ways to redeem the Credit Card offer Chase

If you do not have upcoming trips, there are other redemption options, but at a lower value. For example, you can redeem one cent of a point to a loan of $ 1,000 to reduce your credit card balance.

Chase also has a “Pay Back” program, which allows you to use your prizes for loans for purchases for purchases from selected categories at a speed of 1.25% per point. However, this offer is only available to selected charity organizations.

Bottom line

If you are considering preferring Chase Sapphire, first look at the other features of the card. Welcome bonuses are usually a one -off transaction, so you will need to make sure that the card is worth it outside the bonus prizes and that you earn enough prizes with your regular costs to compensate for the $ 95 annual fee.

Most importantly, do not accumulate debt by trying to earn credit card prizes. The average credit card interest rate is Over 20%So any value you would receive from the awards will be deleted from the interest you accumulate, leaving you a debt.

CSP is the credit card editor CNET Evvan Zimmer for travel, but if you prefer to have a card to help you earn more for your daily expenses, Blue Cash Preferred® card from American Express Allows you to earn 6% money in the US supermarkets up to $ 6,000 a year (then 1%) and 6% for selected streaming services. The return of money is obtained in the form of dollars for rewards that can be redeemed as a credit for an extract or at the cashier of Amazon.com.
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Terms apply to American Express Advantages and Offers. Enrollment may be required for Select American Express Advantages and Offers. Visit AmericanExpress.com to learn more.
For Blue Card Blue Card by American Express, click hereS

*All information on the preferred Chase Sapphire card has been collected independently of CNET and has not been reviewed by the publisher.

Correction, 12:45 pt: Initially, this story gave an incorrect figure for the amount that the pursuit requires you to spend in the first three months after the card is opened. This figure is $ 5,000.