Originally Posted by
somefan
Yesterday I got the Chase Sapphire Preferred offer of 100k bonus points if I spend $750 in 3 months. The $95 fee is waived for the first year. The brochure said the 100k points could be used for $1,250 in travel if I book through their ultimate rewards system.
That's how they
want you to use it, since it's a poor value for you (good value for them).
Whether or not the brochure mentioned it, I'm pretty sure you can transfer the 100k points to 100k miles at two or three airlines (CO/UA and BA, I think). That's enough for an intercontinental round trip in business class (especially on CO/UA, where you don't have to pay the super high "fuel surchrage" fees that you have to on BA). Or for two intercontinental round trips in coach. So surely either way you can make 100k miles give you way more value than $1250!