Posted byon January 8, 2016
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It’s time to start earning bonus money this year! First up is the Chase Sapphire Preferred card. Chase is giving out 50,000 bonus points that you can redeem for cash, gift cards or travel.
The points are worth $625 in travel or $500 cash back.
We’re planning a ski trip for next year with another family, so this is the card we want to use to make it happen! If you are planning on vacationing this year, the $625 in airfare and hotel will come in handy! If not, a $500 cash sign up bonus is a great way to start the new year!
It’s our Free Money offer this week.
*The Chase Sapphire Preferred card is currently listed under the Rewards category in our credit card directory.
Earning Cash Back. The Chase Sapphire Preferred card earns 2X points on travel and dining. You earn 1 point per dollar spent on all other purchases.
20% Off Travel Redemptions. Points redeemed for travel are worth $.0125. There are no travel restrictions or blackout dates when you book airfare or hotel accommodations through Ultimate Rewards. We just booked some airline tickets for spring break using 10,000 points for $125 tickets.
Transfer Partners. In addition to booking travel with Chase, you can transfer your points to other hotel and airlines partners at a 1:1 ratio. We’re planning to transfer our points to Hyatt for our upcoming trip.
Ultimate Rewards. For more on Chase Ultimate Rewards, see the Best Way to Maximize Chase Ultimate Rewards Points.
Chase Applications. Don’t forget about the tighter Chase 5/24 rule. Chase is limiting approvals to those who have opened less than 5 new credit card accounts in the last 24 months. This rule only applies to personal Chase cards, not business cards.