Earning Chase Sapphire Preferred rewards is easy, as you’ll get least one point in return for every dollar you spend. Plus, there are plenty of ways to earn bonus points. There’s no limit on how many points you can accumulate. And your points won’t expire as long as your account is in good standing.
But most people have a pretty good understanding of the process of earning points. How the Chase Sapphire Preferred rewards redemption process works is probably a bit less clear, however.
Fortunately, you have a number of good options. And regardless of which you choose, you’ll be starting in the same place: Chase's Ultimate Rewards portal. You’ll also be able to use your normal chase.com username and password to sign in.
From there, you can choose from the following Chase Sapphire Preferred rewards redemption methods:
1. Redeem for travel through Chase: Chase Sapphire Prefferred rewards points are worth 25% more (1.25 cents apiece) when used for travel booked through Chase’s online portal. You should be able to find competitive prices and offers from most major travel providers, too.
Just select "Explore & Book Travel" once you’re signed into the Chase Rewards website to get started.
2. Transfer points Chase's travel partners: You can transfer Chase Sapphire Preferred rewards points to these 11 travel providers’ rewards programs at a 1:1 ratio:
- United Airlines
- Southwest Airlines
- Air France
- British Airways
- Korean Airlines
- Virgin Atlantic
- Singapore KrisFlyer
- IHG Hotels
- Ritz Carlton
All you have to do is confirm that you have a loyalty rewards account with your chosen transfer partner, then select "Transfer Points to Travel Partners" from the Ultimate Rewards portal.
3. Shop with points on Amazon: You can use your Sapphire Preferred rewards points instead of a credit card or debit card when checking out on Amazon.com. Your points will be worth one cent apiece with this method, the same as when you redeem for a statement credit or gift card.
4. Redeem for cash or gift cards: If you don’t want to redeem for travel or Amazon.com purchases, you can convert them into cash or gift cards for your favorite stores at a rate of one cent per point. This adds a lot of flexibility to the Chase Sapphire Preferred rewards program. Just bear in mind that you won’t get as much value for your points as you would when redeeming for travel. To start, log into the Ultimate Rewards portal and choose either "Get Cash Back" or "Shop Gift Cards."
To learn more about how Chase Sapphire Preferred’s rewards work, check out WalletHub’s breakdown of the Chase Ultimate Rewards Program.