Best use of Ultimate Rewards points [Consolidated]
Jul 7, 2014, 6:27 pm
#61
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Master discussion thread:
http://www.flyertalk.com/forum/chase...solidated.html
http://www.flyertalk.com/forum/chase...solidated.html
Jul 7, 2014, 10:35 pm
#62
Join Date: Dec 2012
Posts: 215
??? How is cashing out 60k points for $600 barely better than a toaster??
Jul 7, 2014, 10:36 pm
#63
Join Date: Dec 2012
Posts: 215
I'm in the midst of a massive In Depth Guide related to Chase Ultimate Rewards on my blog (see link below). I would never take a statement credit for these points! They're far too valuable!
At a minimum I would consider transferring those points to Hyatt and burning them at hotels. You can squeeze up to $.03/point out of Hyatt points.
You can definitely get more value redeeming your points for a business/first class flight. Look at Singapore Airlines or potentially a transfer to British Airways.
In a Hyatt post I have coming up I was able to squeeze out over $.50/point in value by using points with Hyatt for upgrades.
Let me know if you have any questions and good luck!
At a minimum I would consider transferring those points to Hyatt and burning them at hotels. You can squeeze up to $.03/point out of Hyatt points.
You can definitely get more value redeeming your points for a business/first class flight. Look at Singapore Airlines or potentially a transfer to British Airways.
In a Hyatt post I have coming up I was able to squeeze out over $.50/point in value by using points with Hyatt for upgrades.
Let me know if you have any questions and good luck!
What if you have no ability to travel during the next 12 months due to lack of vacation? Then you start to run into annual fees.
Jul 7, 2014, 11:03 pm
#64
Join Date: Jan 2014
Posts: 565
Exchanging the miles to a partner program is the way to get the most bang for the buck.
Jul 7, 2014, 11:19 pm
#65
Join Date: Aug 2010
Posts: 146
Yeah that is my concern is if i dont have any travel plan in the next 12 months (less than).
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
Thanks
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
Thanks
Jul 7, 2014, 11:21 pm
#66
Join Date: Feb 2013
Location: NYC
Programs: UA 1K, AA EP, Hyatt Diamond, SPG Platinum, M life Noir
Posts: 1,279
In terms of value of those points, trading it for products in the UR mall is the worst deal (toaster). Cashing it in at 1 cent per point is better, but if you had gotten a card with 2% cash back! you would have gotten back more money. So trading it on at 1 cent is better than a toaster, but you still effectively left money at the table.
Exchanging the miles to a partner program is the way to get the most bang for the buck.
Exchanging the miles to a partner program is the way to get the most bang for the buck.
Jul 8, 2014, 12:04 am
#67
Join Date: Jan 2014
Posts: 565
Yeah that is my concern is if i dont have any travel plan in the next 12 months (less than).
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
Thanks
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
Thanks
Do you have a SO? If so, have your SO apply for a CSP, then transfer your UR points over before you cancel. Now you don't have to pay an AF, and keep building on your UR stash.
Jul 8, 2014, 7:38 am
#68
Join Date: Aug 2010
Posts: 146
Jul 8, 2014, 7:39 am
#69
Join Date: Jan 2011
Location: LAX
Programs: Delta Silver, Marriott Gold, HH Diamond, Ex-UA Gold, Ex-AA Gold , Ex-SPG Gold, Peon everywhere else
Posts: 616
The wife redeemed over 110k and deposited the money into her Chase checking, where she subsequently made a $1100 deposit into our young daughter's 529 college fund. I did the same about 2 years ago with about 180K points. It's not what the points are worth today or next month but what they will be worth 15 years from now. Now if we could only do the same with some of our excess hotel and airline points/miles.
Jul 8, 2014, 8:10 am
#71
Join Date: Feb 2003
Location: On strike
Posts: 8,135
Yeah that is my concern is if i dont have any travel plan in the next 12 months (less than).
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
I'm not sure if there is any chase card that provides premier ultimate reward benefit (like transferring miles/points) with a low annual fee. Just thinking ahead if i dont cash these out.
Significant other; Chase Sapphire Preferred.
Jul 8, 2014, 9:53 pm
#72
Join Date: Jan 2011
Location: Bend, OR
Posts: 136
Aug 5, 2014, 8:46 pm
#73
Join Date: Apr 2013
Location: Michigan
Programs: AA, UA, DL, UR, IHG platnium, AirAsia
Posts: 323
[Consolidated] Best ways to use my UR points
Okay, I've reached a critical point with my Ultimate Rewards points. I have nearly reached my 1 year anniversary with my Chase Sapphire Preferred card and now I need to cancel it this month to avoid the $95 annual fee which will get billed on September 1st. It seems as if there is zero chance to actually get a retention offer to keep the card. I have 48,000 UR pts and I am trying to decide which frequent flyer program I should move them to.
I've just started the credit card churning game. First it was Chase Sapphire preferred and now working on United Explorer card for 50,000 miles, which will be done this month as well (applied for that in May). This fall will likely be AAdvantage card for 50k miles and Delta Skymiles for 30k miles (seems to be the best offer I can find anywhere).
Basically right now I am torn whether I should move these UR points to United or transfer them to BA. Would be nice to have over 100k miles with United (currently 13k in my account), but Avios distance-based rewards could turn out to be beneficial for short-haul flights, since American Eagle flies out of my home airport once per day to Chicago. United does not. Delta, which seems to have the "worst" FF program, flies to Detroit twice daily. As for United, I would have to travel to fly on United with the nearest airport being 120 miles away. I live in a small town. What would you do in this situation? Thanks
I've just started the credit card churning game. First it was Chase Sapphire preferred and now working on United Explorer card for 50,000 miles, which will be done this month as well (applied for that in May). This fall will likely be AAdvantage card for 50k miles and Delta Skymiles for 30k miles (seems to be the best offer I can find anywhere).
Basically right now I am torn whether I should move these UR points to United or transfer them to BA. Would be nice to have over 100k miles with United (currently 13k in my account), but Avios distance-based rewards could turn out to be beneficial for short-haul flights, since American Eagle flies out of my home airport once per day to Chicago. United does not. Delta, which seems to have the "worst" FF program, flies to Detroit twice daily. As for United, I would have to travel to fly on United with the nearest airport being 120 miles away. I live in a small town. What would you do in this situation? Thanks
Last edited by JamieDee78; Aug 5, 2014 at 9:03 pm
Aug 5, 2014, 8:57 pm
#75
Join Date: Apr 2013
Location: Michigan
Programs: AA, UA, DL, UR, IHG platnium, AirAsia
Posts: 323