One of the best travel rewards cards on the planet is the Chase Sapphire Balance transfer card. It is a transfer card that offers chase customers bonus rewards for dining and traveling. The Chase Sapphire balance transfer card offers points on an outsized value. Did you know that you get a whopping bonus of 60,000 points after spending $4000 for the first 3 months? In the course of this article, we would be doing a complete review of the Chase Sapphire Balance Transfer card. Without further mouthing, let us delve in.
3 Advantages of using the Chase Sapphire balance transfer card
- Generous Rewards for Travel as well as Dining: This card gives 2 points in rewards for each dollar spent on travel expenses, as well as 3 points for each dollar spent eating out at eateries. Is that not a lucrative payout.?
- A unique one-time offer for Cardholders who are New: New cardholders are eligible to earn 60,000 bonus points when you spend $4,000 on purchases within the initial 3 months following account opening. Only a handful of cards that fall in the travel category offer a one-time offer of this magnitude.
- 25 Points Bonus of 25% on Travel Bookings made through Chase: The Cardholder can earn points that can be used to purchase airfare hotel rooms, car rentals and cruises and even earn 25 percent more value. . The portal allows points to be exchanged to gifts cards, cashback and transfer towards Chase partners The bonus of 25% is only applicable to customers that are making travel redemptions using the all-important Chase Ultimate Rewards website
2 Disadvantages of using Chase Sapphire balance transfer card
- A $95 annual cost: It’s not really uncommon for the travel card to include an annual fee. In fact many competitors of this card also have a $95 fee annually. But, paying a fee is a chance that you’ll not get back the cost, particularly when you don’t make use of the card’s best redemption options, such as the points reward when you plan your travel using Chase Ultimate Rewards. For instance, those who use points for cashback require spending $4,750 each an entire year within the top-rewards travel and dining categories to make a profit with the annual fee. However, those who redeem to pay for travel via Chase Ultimate Rewards are likely to have to make a total of $3,800 to pay back the $95 fee.
- Less Travel Credits than some of the competing Cards: The Chase Sapphire balance transfer card offers some additional travel benefits, like the highest coverage for car rental but it doesn’t have any of the top benefits for frequent traveler. And worth noting is the fact that it comes with same annual
Who Needs Chase Sapphire Balance Transfer Card?
It’s a great option for those who have or are considering taking out other Chase cards which give Ultimate Rewards Points.
Even if the chase customer prefers not to book travel this card’s respectable 2 points-per-dollar-spent rewards rate, along with a point per dollar for other purchases, might be lucrative enough to justify paying the fee to get the card. You can, for instance, transfer your points into Chase’s travel partners, like hotels and airlines, in 1:1 ratio. This gives you the chance of earning even more your points, as long as you’re willing to search for excellent redemption offers from those partners.
Earning Rewards off this Balance Transfer Card
The card gives 2 points per dollar for travel, 3 points per dollar spent in restaurants, and 1 point for every dollar on any other purchase.
Chase is quite flexible in its definition of travel and dining establishments. Travel expenses include not just hotels, airlines, and motels, but also discount travel campsites, sites for camping as well as car rental agencies, cruises, etc
Chase’s restaurant section covers almost all kinds of restaurants that run across the spectrum from fine establishments to fast food chains.
How to transfer Points from Chase Sapphire Balance Transfer card
If you’re part of a travel loyalty plan, you’ll be able to transfer credit to Chase’s hotels or airline travel partners for an amount of 1:1.
The best value is when you discover a deal available through your loyalty plan. When you’re an official Chase travel partner and you have Chase rewards points, you can use Chase reward points purchase discounted flights or a hotel room, which will increase the value of every point.
Chase’s airlines travel partners, as well as their programs, include:
- Aer Lingus AerClub
- British Airways Executive Club
- Iberia Plus
- Southwest Airlines Rapid Rewards
- United Mileage Plus
The hotel-partner programs include:
- IHG Rewards Club
- Marriott Bonvoy
- World of Hyatt