Good Deal Alert: Amtrak Buy Points 50% Bonus

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Update: The current sign-up bonus for the Amtrak Guest Rewards World MasterCard is 12,000 points after spending $500 in the first 3 months, 2 points per dollar spent on Amtrak, and one point per dollar on everything else.

Amtrak Guest Rewards is running a 50% bonus on purchased miles until September 30, 2011. The maximum purchase is 10,000 per year, so the maximum amount you can get is 15,000 miles (which includes the bonus) for $275. Simply log-in to your Amtrak Guest Rewards account, and then click Earn Miles-> Buy points.

Why is this a good deal? Because Amtrak only charges 3,000 points for a one-way ticket for all travel within the Northeast zone. So for $275 you can get 5 trips between Portland, Maine and Virginia Beach, for example. Those trips are usually well over $100, so this deal can save you over 50%. Even New York to DC trains can cost over $200 each way, so this can make a lot of sense – especially if you book last minute. If your one way trips cost less than $60, then I would not recommend this promotion.

Amtrak Zones

This deal is also great for people who can take advantage of their 1,000 point “Special” routes. These routes include Blue Water, Wolverine, Cascades, Pacific Surfliner, Capitol Corridor, San Joaquin, Hiawatha, Downeaster, The Lincoln Service, Illini Service, The Carl Sandburg, Missouri River Runner, The Illinois Zephyr, The Saluki, The Hoosier State, The Pere Marquette, The Piedmont, and The Heartland Flyer.

Amtrak points can be transferred to airline miles at a 1:1 ratio, but you need to be an Amtrak elite or Chase Amtrak cardholder and the yearly maximum is 15,000 points. Chase Ultimate Rewards points from the Sapphire Preferred and Ink Bold Business cards can be transferred to Amtrak at a 1:1 ratio.

Chase Sapphire Preferred® Card

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  • Earn 50,000 bonus points when you spend $4,000 on purchases in the first 3 months from account opening. That's $625 in travel when you redeem through Chase Ultimate Rewards®
  • Named a 'Best Credit Card' for Travel Rewards by MONEY Magazine
  • 2X points on travel and dining at restaurants & 1 point per dollar spent on all other purchases
  • Sleek metal card design
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • $0 foreign transaction fees, plus chip-enabled for enhanced security and wider acceptance when used at a chip card reader
  • 1:1 point transfer to leading frequent travel programs at full value — that means 1,000 Chase Ultimate Rewards points equal 1,000 partner miles/points
  • Travel confidently with premium Travel Protection Benefits, including Trip Cancellation/Trip Interruption Insurance, Auto Rental Collision Damage Waiver, Trip Delay Reimbursement and more
Intro APR Regular APR Annual Fee Balance Transfer Credit Rating
N/A 16.24%-23.24% Variable Introductory Annual Fee of $0 the first year, then $95 See Terms Excellent Credit