This post may contain affiliate links from our advertising partners, such as American Express. Read my Advertiser Disclosure policy here.
The Chase Sapphire Preferred card is offering a signup bonus of 40,000 Chase Ultimate Reward points. Signing up for this card, and meeting the spending requirements, is a great way to earn points that can be used for airline tickets or hotel stays. Once you earn the sign up bonus, you can transfer Chase Ultimate Reward points to a number of airlines including new transfer partner United, a Star Alliance partner.
This year I’m trying to diversify away from SkyTeam partner miles and into Star Alliance partner United Airlines. I was able to take advantage of the new United transfer option to move my points into United’s Mileage Plus program. I already had a large balance with United from activity with two 2009 Hyatt promotions where you earned 2,500 & 5,000 miles with each Hyatt stay. So when I had a chance to acquire 40,000 additional points from Chase Sapphire card, I jumped on it. The card itself is actually a pretty cool looking dark blue hard metal that gets attention when you use it.
Other benefits Include
- No Foreign Transaction Fees
- No Annual fee for the first year, a $95 value
- Annual 7% dividend on earned points, even on points redeemed
- Transfer points to partners at a 1:1 value
Transfer Partners include a number of airline and hotel partners. I don’t see equal value in transferring between these programs, so it would be nice to see transfer bonuses in the future. All partners allow transfers at a 1:1 ratio.
This card is a great card because of the 2 points per dollar earning rate for travel and dining. In addition, you can transfer to a number of partners at a 1:1 ratio. Plus you can earn the 40,000 bonus points. There is no annual fee for the first year. But keep in mind your credit is one of your most important assets.
*Points, Miles and Martinis will earn a referral fee for successful Chase Sapphire Preferred applications through the link in this post
Editorial Note: Opinions, analyses, reviews or suggestions expressed on this site are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any card issuer. This post was accurate at the time of posting, offer may be unavailable on this site at a later time. For details on current offers visit the card issuer’s site.