Up to 5 Free Hyatt Nights With Chase Sapphire Preferred – Waived Annual Fee

by on March 29, 2011 · 8 comments

in British Airways, Chase, Continental, Credit Cards, Hyatt, IHG Rewards, Marriott

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Update: The Chase Sapphire Preferred® Card sign-up bonus offer is now 40,000 points when you spend $3,000 in the first 3 months.

Chase is now waiving the $95 annual fee for the Sapphire Preferred and offering 25,000 Ultimate Rewards points when you spend $3,000 in the first three months.

While it is not widely publicized, Ultimate Rewards points transfer to Hyatt, Continental, British Airways, Marriott and Priority Club at a 1:1 ratio and usually instantly (check out the full Ultimate Rewards program booklet here though note this is from last summer before the Hyatt card launched. Since the Hyatt card is issued by Chase, Ultimate rewards points can now be transferred to Hyatt- if you are skeptical, call to confirm before applying for the card). There’s also no foreign transaction fee and you get a 7% annual dividend on the total amount of points you accrue throughout the year (even if you spend them). So if you spend $25,000 a year, you’ll earn 25,000 Ultimate Rewards Points plus 1,750 extra points as your dividend.

Personally, I think it’s a great value when transferring to Hyatt, since the to category 6 hotels are 22,000, so this offer equals a free night at a $500+ Park Hyatt, with 3,000 points left over. This would also be 5 nights at a category 1, so if you want to redeem for lower level properties, this card may make more sense than the $75 Hyatt card which only gives 2 nights.

This is one of the credit cards that I do get credit if you sign up, but I want to stress I’m not promoting it for that reason. Considering the huge value with Hyatt and the waived annual fee and no pesky foreign transaction fees, which I wrote about yesterday, I firmly believe this is a solid card all around.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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  • Sergey

    If I am not mistaken, this bonus (25K) was available for long time, but not sure that it came with ‘no foreign transaction fees’. The only downside is to spend $3000/3months (but it is only for me, since I’m not a big spender).

  • AS

    There are many Chase cards that have the Ultimate Rewards feature. Do they all have the ability to transfer points out, as well as the 7% dividend, or are those benefits limited to the Sapphire card?

  • DS

    Is there a fee to transfer the 25,000 points to Continental?

  • SVB

    It looks like the link to the benefits guide has an extra space between “.” and “pdf.” If you remove that space (might need to remove “%20″, it works fine.

    But, I didn’t see Hyatt mentioned in the benefits guide as a 1:1 transfer partner. The others are listed. Is Hyatt listed somewhere else?

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  • Mike

    Looking at that brochure, it says that there is no preset spending limit. Do you know how they report the credit line to bureaus? I am thinking about this card, but I would really like to get something that reports a high line to bureaus so my utilization is lowered.

  • The Points Guy

    Mike- this is a credit card, so I assume there will be a credit line associated with it. I’d call Chase and ask, since I can’t seem to find an answer online

  • Guest

    Just called, you can transfer all 50K points to Hyatt.

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