Last week, I wrote about the Chase Sapphire Preferred Credit Card which currently has a sign up bonus offer of 60,000 Chase Ultimate Rewards Points after completing the minimum spend of $4,000. I’ve had my Chase Sapphire Preferred Card for about 18 months and have put quite a bit of spending on the card to maximize my points. Here is how I used Chase Ultimate Rewards Points to pay less than $15 for my trip to Phoenix.
I started with the flight portion of my trip from my home city of Philadelphia and chose Southwest Airlines which is a transfer partner of Chase. The great thing about transfer partners is that you don’t have to have any of the particular partner’s points or miles in your loyalty/rewards account in order to search for flights or hotel options.
I found the round trip flights that I wanted on Southwest which required 28,929 Southwest Rapid Rewards points in order to book. When I first signed up for the Chase Sapphire Preferred Credit Card I had set up my Southwest Rapid Rewards Account Number on the Chase Ultimate Rewards Website. This was in anticipation of transferring Chase Points for future flights.
Sign up for Loyalty Programs
I recommend that you join airline and hotel loyalty programs now. It only takes just a minute or two and is free so that you will be able to make transfers with ease. You can see the list of Chase Transfer Partners on my post from last week: Your First Travel Credit Card
Transfering the Points
Chase points can only be transferred in 1,000 point increments. So I transferred 29,000 points with a few clicks on the Chase Ultimate Rewards Website (you can do this through the Chase App on your phone as well). These points transferred to my Southwest Rapid Rewards account. In less than a minute, the 29,000 points showed up in my Southwest Account. I used 28,929 of those points to book the round trip ticket and paid just $11.20 in taxes and fees.
Southwest Cancellation Information
Note that if I need to cancel this trip, Southwest has one of the most hassle-free refund policies and I would be able to have all the points redeposited in my Southwest account and the money refunded. Unfortunately, you can not transfer Southwest points back to Chase. Luckily, I am happy to have points sitting in my Southwest account to use for future trips.
Next I found a a Hyatt Hotel for three of my four nights which is a transfer partner of Chase. I transferred 36,000 points (12,000 points per night) to Hyatt and booked my hotel room. There is no cost at all for this stay. Yes, you read that correctly!! Again, if I need to cancel, the points will be redeposited to my Hyatt account.
Finally, I found a hotel room at a Westin Hotel for the final night of my stay. In this case, I used the Chase Ultimate Rewards Portal to book the stay. I used 11,448 points an even better value than for my first three nights at the Hyatt. Had I been able to book all four nights at the Westin, I would have as it would have saved me 1,656 points. There are people out there who squeeze every last bit of value out of their points. I do the best I can in order to be happy with the value and not drive myself crazy. Again, there is zero cost to me for this hotel stay.
Total Points and Out of Pocket Cost
In total, I used 76,377 Chase Ultimate Rewards Points and $11.20 for this trip. The cost of the trip if paid out of pocket would have been $1,444.02. I got a value of 1.88 cents per point by using my Chase Ultimate Rewards Points. This is a solid redemption and I’m very happy with it.
As you can see from this trip to Phoenix, using Chase Ultimate Rewards Points can take you away for a long weekend within the United States. In a future post, I’ll show you how to get some great value on trips out of the country.
Right now, you may be thinking this is too good to be true. I assure you that you can easily do this as I have. I am so grateful for the opportunity to travel this way using points and miles. It cost me a tiny fraction of the money I would have spent out of pocket. So there you have it. That is how I used Chase Ultimate Rewards Points to pay less than $15 for my trip to Phoenix
I’d like to hear from you about where you’d like to travel . What the burning questions do you have after reading this post? Please leave your comment below. I’m here to help you make traveling for pennies on the dollar part of your life.