In mid-2021, the Chase Sapphire Preferred debuted an all-time-high offer of 100,000 bonus points after applicants met minimum spending requirements. That makes this bonus worth $1,200 - though you can glean significantly more value from those points if you know how to redeem Chase Ultimate Rewards for maximum value. TPG estimates the value of Chase Ultimate Rewards points to be 2 cents each when redeemed for travel. And right now, a TPG favorite - the Chase Sapphire Preferred Card - is currently offering a bonus of 60,000 Chase Ultimate Rewards points after you spend $4,000 on purchases within the first three months of account opening. Picking up a new credit card now can go a long way toward helping with your summer vacation plans. Editor’s note: This post has been updated with new information.
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