Best Ways to Use 80,000 Pursuit Points
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In mid-April 2022, Chase relaunched its once-record bid on the Chase Sapphire Preferred® Card, bringing the launch bonus to 80,000 points. (If you missed that news, here’s a quick recap: Earn up to 80,000 bonus points after spending $4,000 on purchases in the first three months with the Chase Sapphire Preferred, a card that only has a $95 annual fee but offers excellent earning rates, such as triple points on meals, streaming services and online grocery shopping.)
With many new cardholders enjoying a points bonanza, the question arises: what are the best ways to spend 80,000 points? There are many options, but here are our five favorites.
Redeem points for $1,000 for relief efforts in Ukraine
Chase Points can be redeemed at 1.25 cents each with certain categories under Chase Ultimate Rewards‘ “Get your money back” functionality. The categories usually change quarterly (previous ones included Airbnb, restaurants and grocery), but the one that exists until December 31, 2022 is “Select Charities”. At this exchange rate, 80,000 Chase Points equals $1,000 in charitable donations. Donate directly through the national sites of International Medical Corps, International Rescue Committee, UNICEF USA and World Central Kitchen, who support all relief efforts in Ukraine, and a few days later they apply for reporting credits through the “Get Your Money Back” feature. Note: You don’t need to spend $1,000 for the credit. Even the smallest contributions can be cleared as statement credits.
Redeem your points for $1,000 for the trip of your choice
When points are redeemed through Chase’s Ultimate Rewards online travel portal, they are also valued at 1.25 cents each. This means that 80,000 Chase Points equals $1,000 to travel. The Ultimate Rewards travel portal works like familiar travel portals like Expedia, Orbitz, and Kayak. Simply search for the flights, hotels, car rentals, cruises or vacation rentals you want, and when you go to pay, choose the points option. It’s so easy! Again, you don’t need to spend all the points at once.
Transfer of points to international airline partners
Chase Ultimate Rewards points are transferable to eight international airline partners in a 1:1 ratio: Aer Lingus AerClub, Air Canada Aeroplan, Air France/KLM Flying Blue, British Airways Executive Club, Emirates Skywards, Iberia Plus, Singapore Airlines KrisFlyer and Virgin Atlantic Flying Club.
While it’s getting harder and harder to find great mileage deals with older US carriers, it’s usually not as difficult with older international airlines. While it may require getting to grips with a new loyalty program — and some may find it too advanced at first — it’s well worth the effort. Example: I recently transferred 88,000 of my own Chase Points to Air France/KLM Flying Blue and obtained a business class return ticket between Miami and Paris. How? Taking advantage of a recent promotion to transfer from Ultimate Rewards to Flying Blue at a ratio of 1:1.25, I transformed 88,000 points into 110,000 Flying Blue miles. With business class tickets as low as 55,000 one way between the US and Europe, I found dates that fit my schedule and voila: I quickly got a one-way ticket. -return in business class between Miami and Paris. When booking, the same flight for 110,000 miles cost over $4,000. Talk about maximizing those points!
Transfer of points to hotel partners
Chase Ultimate Rewards points are transferable to three hotel partners at a 1:1 ratio. These are IHG One, Marriott Bonvoy and World of Hyatt. Points from each loyalty program can be thought of as different currencies, and the most valuable here, by far, is World of Hyatt. Points redemptions for the best of the best within Hyatt’s largest portfolio (think: Park Hyatt, Small Leading Hotels, and Alila) are up to 40,000 points per night. Going back to my Parisian example, I was able to book two nights at the Park Hyatt Paris at 40,000 points per night. Rooms at this property start at €1,080 per night. Score!
Transfer of points to domestic airline partners
Chase Ultimate Rewards points are transferable to three domestic airline partners at a 1:1 ratio: JetBlue TrueBlue, Southwest Airlines Rapid Rewards and United MileagePlus. Of this trio, we find the best value in programs from JetBlue and Southwest, both of which are pegged to approximate cash values of 1.3 to 1.4 cents each. This means that transferring an entire 80,000 bonus (and again, you can transfer as much or as little as you like in 1,000 point increments) can yield up to $1,120 in value on JetBlue or Southwest flights. (Advanced Tip: Those who have benefited or are benefiting from Chase’s Southwest Credit Card Offers and landing – or landing – a coveted companion pass, can turn that $1,120 into $2,240 because pass holders can fly southwest with a companion for free, plus mandatory taxes.)
Takeout: mix and match, stock or spend
It is important to note that Chase Ultimate Rewards points can be mixed and matched from the options above (sometimes in increments of 1,000 or even less) and there is no rush to spend them as they do not expire. These are just a few of our favorite examples of the myriad possibilities available to anyone with 80,000 Ultimate Rewards points (or more). We hope this has opened your eyes to the power of Chase Ultimate Rewards points and the power of the current 80,000 point introductory offer of the Chase Sapphire Preferred Card.
Although the offers mentioned above are accurate at the time of publication, they are subject to change at any time and may have changed or may no longer be available.
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