Chase Sapphire Preferred Rewards Points Redemption

Between june 1 and september 30 2020 chase sapphire cardholders have the option to redeem points at an elevated rate for purchases at grocery stores restaurants and home improvement stores. Photo by wyatt smith the points guy the sapphire preferred offers a stellar sign up bonus of 80 000 ultimate rewards points after you spend 4 000 in the first three months making it an ideal candidate for your first travel rewards card. When you use points to redeem for cash each point is worth 01 one cent which means that 100 points equals 1 in redemption value.

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With the pay yourself back tool your ultimate rewards points are worth 25 more when you redeem them for statement credits against purchases in our current categories.

Chase sapphire preferred rewards points redemption.

Earn 2 points per 1 spent on travel when you use your card to pay for airfare hotels rental cars and more. Each point you redeem for travel booked through chase ultimate rewards is worth 0125 one and a quarter cents which means that 100 points equals 1 25 in redemption value and points are worth 25 more than if redeemed for cash. Earn your first 80 000 ultimate rewards points with the chase sapphire preferred. 1 learn more 2x points on dining earn 2 points per 1 spent at restaurants from fast food to fine dining.

This is a helpful baseline as you know that it s always possible to get at least 1 25 cents per point but it also means there s no room for you to grind out a better redemption with careful research and planning. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select charitable organizations. The chase sapphire preferred comes with a 25 bonus if you redeem your points directly through the chase portal.

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