This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

The sign-up offer for the Chase Sapphire Preferred card has been increased from 40,000 to 50,000 points after $4,000 spent within the first three months. You can earn an additional 5,000 points when you add an authorized user and make a purchase within the first 3 months as well.

When it comes to booking hotel stays, you have a lot of choices in how you maximize your points and miles – from choosing the best site for the lowest prices, to paying with a credit card that earns you bonus points on hotel bookings like the Ink Bold or Ink Plus, to elite status considerations and other points bonuses and promos.

Screen shot 2013-11-25 at 4.07.25 PM

One of my favorite strategies for maximizing the points I earn on hotel bookings is to triple dip using my Chase Sapphire Preferred – which earns 2.14X points per $1 on all travel – the Ultimate Rewards online travel portal, which regularly offers points bonuses on top of the usual category spending bonuses at merchants including online travel agencies (OTA’s) like Travelocity and, and then also earning OTA loyalty program points or credit.

Right now, the Ultimate Rewards portal is offering a lucrative bonus of 5X extra points per $1 at, which adds up to a total of 7X points per $1 if I use my Sapphire Preferred to make the booking. Despite recent devaluations from partner programs including Hyatt and United, I still value Ultimate Rewards points at about 2 cents apiece, so in my estimation you’re earning about 15% back on your spending off the bat.

Ultimate Rewards is currently offering 5X extra points per $1 on bookings.
Ultimate Rewards is currently offering 5X extra points per $1 on bookings.

To get the bonus, be sure to log into your Ultimate Rewards account, then click on the Earn Faster tab and select Travel from the merchant categories, and you should find listed. Then simply click on and you should automatically be redirected to the site, where you can make your booking (just be sure to double check your statement at the end of the month and make sure your points were properly credited).

Not only that, but you can still earn Welcome Rewards, where for every 10 nights you book through you earn one night free at the average cost of your other 10 nights, which is a 10% “rebate”. When you take that into consideration, you’re earning a pretty impressive 25% back on your spending – a value that far outweighs any potential elite status benefits you’d earn by booking with your chain of choice (you forgo elite stay/night credit by booking through and not directly through the hotel).

That’s the other beauty of booking through, though – you don’t have to be loyal to a particular brand or chain to rack up those points and chase elite status by mattress running since you’re earning credit towards those free nights no matter where you book, and you are still raking in the Ultimate Rewards points by clicking through the shopping portal.

Earn 10% back on your spending with
Earn 10% back on your spending with’s Welcome Rewards program.

I also like that’s 10% bonus is based on nights, not just stays, as well as the amount of money you spend, so you know you’re getting a constant, easily anticipated return on your spending. Not only that, but you can also book across chains and brands, giving you tons of flexibility. Unlike with many revenue-based airline frequent flyer programs, in this case a revenue-based hotel program can reap a consistent, good value from your travel spending.

To take a quick example, let’s say you had 10 hotel nights coming up with an average cost of $200 per night. After spending $2,000 on your stays, you’d have $200 credit with towards a future hotel stay as well as 14,980 Ultimate Rewards points, which I’d value at just about $300 for a total return of $500 in value back on your spending, which I’d say is pretty great.

Although you might still have some mattress running to do before the end of 2013, and I understand that some people derive more value from the personalized service and benefits of elite statys, if you’re all set for elite status qualification for this year, this could be a great deal to take advantage of. Or you can start booking 2014 stays if you have not yet determined your elite status strategy and are just looking for a decent return on your hotel bookings.

For more information, see these posts:

Maximizing Online Travel Agency (OTA) Loyalty Programs Free Nights and Elite Status

Triple Dipping with, Chase Sapphire Preferred and the Ultimate Rewards Shopping Portal

The best beginner points and miles card out there.
Chase Sapphire Preferred® Card

With great travel benefits, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game. Here are the top 5 reasons it should be in your wallet, or read our definitive review for more details.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Chase Sapphire Preferred® named a 'Best Travel Credit Card' by MONEY® Magazine, 2016-2017
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel.
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
Regular APR
17.49% - 24.49% Variable
Annual Fee
$0 Intro for the First Year, then $95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent Credit

Editorial Disclaimer: Opinions expressed here are author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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.