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.

Today I want to share a story from TPG reader Drake, who used Ultimate Rewards points to cover a variety of inexpensive flights, hotel stays and more. Here’s what he had to say:

This past summer I graduated from business school in Barcelona. To celebrate, I set out on a six-week European adventure to see as many places as possible, for as cheap as possible. I had earned 50,000-point bonuses from both the Chase Sapphire Preferred Card and the Chase Sapphire Reserve Card, and I used those points to book flights, hotels and more through the Chase Travel Portal.

I pooled the roughly 100,000 points into my Sapphire Reserve account so I could redeem them all at the higher rate of 1.5 cents per point. Thanks to the low-cost carriers and hostels offered by the Chase portal, that was enough to cover three flights, twelve hotel nights, four days of sightseeing passes (in London and Iceland), and an airport transfer in Paris. I also transferred points to British Airways to book two more flights, and I used the $300 Sapphire Reserve travel credit to cover eight more nights at hostels.

Altogether, those points took me to Lisbon, Paris, London, Prague, Minsk, Vilnius, Riga, Tallinn, Stockholm and Reykjavik. With cheap hostels for the remaining nights and inexpensive bus transfers for other transportation, I didn’t spend much at all on the rest of my trip. I also used my Priority Pass lounge access to help keep meal costs down at the various airports. Just goes to show that a ten-country adventure is in reach for those who are still in school (or recently graduated)!

One nice aspect of travel portals like Chase Ultimate Rewards and Citi ThankYou Rewards is that you get access to flights and rooms you might otherwise be unable to book with points. As Drake pointed out, you can also book tours and other attractions at the same rate, so portals offer a way to plan and pay for a trip all from one account. That said, you’ll generally get a better redemption value by transferring points to airline and hotel partners. I recommend saving your transferable points for more lucrative opportunities, and using fixed-value rewards (like Capital One Venture miles) to cover your miscellaneous travel expenses.

If you do decide to redeem directly through a portal, make sure to use points from the right account. Drake has two Ultimate Rewards credit cards, but only the Sapphire Reserve offers the elevated redemption rate of 1.5 cents per point — he would have paid 20% more to book awards through his Sapphire Preferred account, which offers just 1.25 cents per point. Chase makes it easy to combine points from different accounts (as does Citi), so you can take advantage of higher earning rates on one card and higher redemption rates on another to maximize your overall return on spending.

I love this story and I want to hear more like it! To thank Drake for sharing his experience (and for allowing me to post it online), I’m sending him a $200 airline gift card to enjoy on future travels, and I’d like to do the same for you. Please email your own award travel success stories to info@thepointsguy.com; be sure to include details about how you earned and redeemed your rewards, and put “Reader Success Story” in the subject line. Feel free to also submit your most woeful travel mistakes. If your story is published in either case, I’ll send you a gift to jump-start your next adventure.

Safe and happy travels to all, and I look forward to hearing from you!

Featured image courtesy of Stanley Chen Xi/Getty.

American Express® Gold Card

With some great bonus categories, the American Express Gold Card has a lot going for it. The card offers 4x points at US restaurants, at US supermarkets (up to $25,000; then 1x), and 3x points on flights booked directly with airlines or through amextravel.com. It is currently offering a welcome bonus of 35,000 bonus points after you spend $2,000 in the first three months.

Apply Now
More Things to Know
  • Earn 35,000 Membership Rewards® Points after you spend $2,000 on eligible purchases with your new Card within the first 3 months.
  • Earn 4X Membership Rewards® points at U.S. restaurants. Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per year in purchases, then 1X).
  • Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com.
  • Earn up to $10 in statement credits monthly when you pay with The Gold Card at Grubhub, Seamless, The Cheesecake Factory, Shake Shack, and Ruth's Chris Steak House. This is an annual savings of up to $120. Enrollment required.
  • $100 Airline Fee Credit: up to $100 in statement credits per calendar year for incidental fees at one selected qualifying airline.
  • Choose to carry a balance with interest on eligible charges of $100 or more.
  • No Foreign Transaction Fees.
  • Annual Fee is $250.
  • Terms apply.
  • See Rates & Fees
Intro APR on Purchases
N/A
Regular APR
See Rates & Fees
Annual Fee
$250
Balance Transfer Fee
See Terms
Recommended Credit
Excellent/Good
Terms and restrictions apply. See rates & fees.

Editorial Disclaimer: Opinions expressed here are the 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.