Sign up for this card if you want to start traveling for free

Kim and I have both carried this card in our wallets in the past.  Kim signed up for this card twice – once in 2013 and again in 2016.  I signed up for this card in late 2014.  The card I’m talking about is the Chase Sapphire Preferred Credit Card (I do not receive any benefit for sharing this link).  This card comes with a 50,000 point bonus after you spend $4,000 on the card in the first 3 months from account opening.  The card has a $95 annual fee but is waived the first year. 

50,000 points can be redeemed for $625 worth of travel via the Chase Travel Portal.  You can search the portal similar to most travel websites such as Travelocity, Orbitz, and Priceline.  Simply put in destination and dates and your options will populate.  

Chase travel portal 

You can also transfer these points to Hotel and Airline loyalty accounts as I mentioned in this post.

Airline transfer partners

Hotel transfer partners

Chase allows you to sign up and receive card bonuses if you have not received the bonus for that exact branded card in the past 24 months.  So technically someone could apply and get a new bonus every two years.  However, I’m not sure the banks would continue to approve someone that continually took advantage of the 24 month rule.  Both of us have since closed these Chase Sapphire Preferred credit cards.  Chase also has a rule 5/24 rule.  If you have opened 5 credit cards in the past 24 months Chase may not approve your card application.

$4000 may seem like a lot of money but everyday expenses add up.  We try and put everything we can on our cards.  Here is a small list of things we put on our credit cards that some people may pay via debit or check:

1.      Insurance payments – Home & Auto (You may be able to pay annual cost in one payment)

2.      Pre School tuition

3.      Gym dues

4.      Home Utilities - Internet, security service

5.      Car down payments

Things you can do with 50,000 Chase Ultimate Rewards Points:

Hyatt Zilara Cancun

1.      Two nights at the All Inclusive Hyatt Zilara Cancun.  I took Kim here the day we were engaged.  It is an awesome hotel .  Each night costs 25,000 points (double occupancy). 

2.      A family of four should be able to fly to many cities such as Orlando,  Tampa, Fort Myers, Atlanta, Baltimore, and many more via Southwest. 

Hyatt Regency Orlando 

3.      Three nights at the Hyatt Regency Orlando (15,000 Points per night)

Hyatt Regency Atlanta

4.      Four nights at the Hyatt Regency Atlanta (12,000 Points per night)  Walk to the Georgia Aquarium and World of Coca-Cola

5.      Three nights at the New York New York hotel in Las Vegas (15,000 Points per night)

Also remember that you will get points each time you swipe your card.  You will earn 2 points on travel and dining and 1 point on everything else.  If you meet the minimum spending requirement you will at least have 54,000 points to use!  Those points can be turned into awesome travel memories.  Where do you or your family want to go?

Please remember this blog only discusses our experiences and views.  You should only apply for these rewards credit cards only if you plan to pay them off in full each month.