The Complete Chase Rewards Points Strategy

All about maximizing your rewards!
Members share tips and tricks for getting the most miles, & points.
8 posts
American
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The Complete Chase Rewards Points Strategy

Postby American » Tue May 15, 2012 10:45 pm

So I'm in using AmEx's Membership Rewards and Blue Cash as my primary rewards program, but after reading an article about Chase I can't stop thinking about switching.

The cards I'd get would be Freedom, Sapphire Preferred, and Ink Classic along with a chase checking account.

Signup bonus equates to a total of 75,000 ultimate points. Freedom also has 15 months 0% APR. The ink classic has 12 months of 0%, and then it goes into a ridiculous 10% apr.

Strategy: Rack up points across cards and transfer them into Sapphire/Ink points 1:1

The benefits of having the preferred would be the ability to transfer points into ff programs, which are better for international flights.

Reward Base per $: Freedom 1.1, Sapphire 1.07, and Ink 1

Bonus: Freedom 5% - Rotating (groceries + gas)
Sapphire 2%- travel + dining
Ink 5% - Communications (Cell, Cable, TV) and Office Supplies
Ink 2%- Gas + Hotel

Additional Bonus: Freedom has a 10 pt bonus for each transaction

Practice: Anything under $20 use Freedom because a $10 meal will be 21 pts or a $3 cup coffee is 13.3 pts.

<$20 Meals, hotels, and travel: Sapphire

Bills & Gas: Ink

What's great about the Ultimate Rewards program is buying airfare through Chase is at 1:1.25, so on top of everything it even compounds in redemption. Transferring to a couple rewards programs are 1:2. By far, the best thing is you can get statement credits at a penny per point, meaning the signup bonus is 750 cash.

What are your thoughts?
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k


Money card
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Postby Money card » Thu May 24, 2012 10:26 pm

What position are you at your company? You know that Ink card is a company small business card correct?

MikeBones
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Postby MikeBones » Fri May 25, 2012 12:30 pm

I have these three cards now and am enjoying the benefit of it, I have yet to book a flight through their program though. Is it better to buy the airfare through chase and get the 1:1.25 or would transferring the points to FF programs be better?
Chase Sapphire Preferred - 7k CL
Chase Freedom Visa Signature - 5k CL
PenFed Plat Rewards - 1.25k CL
PenFed Cash - 1.25k CL

DavidNY
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Postby DavidNY » Fri May 25, 2012 12:42 pm

Mind the Chase $1500 quarterly spending cap. I've already maxed it out on groceries. It's banished from my wallet until July.

American
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Postby American » Fri May 25, 2012 10:29 pm

Money card wrote:What position are you at your company? You know that Ink card is a company small business card correct?


Everyone can qualify for a business. People typically use the sole proprietor strategy.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

Money card
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Location: New York state

Postby Money card » Sun May 27, 2012 11:21 pm

People at the banks told me that if John Doe walks into Chase and is a forklift operator in a warehouse, a clerk for social services, or a mailroom delivery person for a company, he's not getting a Chase Ink card. He can apply for the Sapphire but not the Ink.

But if you're the county executive, commissioner of social services, a treasurer or vice president of a small business, then you can apply for n Ink card.

I'm a clerk for social services in the Medicaid department and I can tell you this, I'm not allowed to have an Ink card.

MikeBones
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Postby MikeBones » Mon May 28, 2012 9:57 pm

Your not allowed to have an ink card for the business you work for.. Everyone is qualified to create their own business, I'm pretty sure that is what he was meaning.

1. Create your own business
2. Get ink card
3. ???
4. Profit.
Chase Sapphire Preferred - 7k CL
Chase Freedom Visa Signature - 5k CL
PenFed Plat Rewards - 1.25k CL
PenFed Cash - 1.25k CL

agp
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Postby agp » Tue May 29, 2012 2:06 pm

What qualifies as the creation of a business though?

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred



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