The way I view it, the single best credit card welcome bonus out there right now is on the Ink Business Preferred℠ Credit Card. The card is offering a welcome bonus of 80,000 Ultimate Rewards points after spending $5,000 on purchases within the first three months. Personally I value Ultimate Rewards points at ~1.7 cents each, so to me those points are worth ~$1,360, which is an incredible credit card welcome bonus.
There are many things to love about this card beyond the welcome bonus. The card also offers great bonus categories (triple points on the first $150,000 spent in combined purchases per calendar year on travel, shipping, internet, cable, and phone services, and advertising with social media sites and search engines), an incredible cell phone protection plan, and more.
In this post I wanted to share some awesome ways you could redeem the 80,000 Ultimate Rewards point welcome bonus on the Ink Business Preferred℠ Credit Card, to give a sense of just how valuable these points can be. Here are some of my favorite ways to redeem 80,000 Ultimate Rewards points (some are more practical than others):
3 nights at the Park Hyatt Maldives
World of Hyatt is an Ultimate Rewards transfer partner, and the Park Hyatt Maldives is one of my all around favorite points hotels. A free night redemption costs 25,000 points per night, so you could book three nights here on points and have points to spare.
Paid rates at this hotel are sometimes upwards of $1,000 per night.
16 nights at the Park Hyatt Chennai
Okay, I’m not sure most people would necessarily want to plan a 16 night vacation in Chennai. However, on the other end of the Ultimate Rewards spectrum, the Park Hyatt Chennai is a Category 1 Hyatt property. This means that a free night redemption costs just 5,000 points per night, so 80,000 Ultimate Rewards points would get you 16 nights here.
Park Hyatt Chennai
A roundtrip transatlantic Iberia business class ticket
Ultimate Rewards is transfer partners with British Airways Executive Club, Iberia Plus, and Aer Lingus AerClub. All three of these programs have points that can be transferred between one another, but there are distinct advantages to each program. One of the awesome aspects of the Iberia Plus program is how cheap transatlantic business class redemptions are when traveling on Iberia.
For example, you can fly roundtrip business class between Boston and Madrid on off-peak dates for just 68,000 Avios plus $212.57 in taxes and carrier imposed surcharges.
Sometimes there are sales offering even bigger discounts on transatlantic redemptions, which could get you this ticket for even less.
Singapore Airlines’ new Suites between Singapore and Sydney
This one will require a bit of work, but is potentially really worth it. Singapore Airlines recently introduced their new A380 Suites, each of which features a separate seat and bed. It’s a pretty spectacular product all around.
The saver award cost between Singapore and Sydney for this is just 80,000 KrisFlyer miles one-way, and KrisFlyer is an Ultimate Rewards transfer partner. The catch is that award availability is very tough to come by, and you’ll almost always only see availability on the new A380 if you “waitlist.” The good news is that if you waitlist, your chances of clearing and getting the seat are quite good. So this is a realistic redemption for 80,000 Ultimate Rewards points.
Alternatively you should be able to book onto their A380 with the “old” Suites without issue, which isn’t a shabby ride either.
A one-way Star Alliance business class award to Asia without surcharges
I don’t think this value is quite as good as some of the other ones, but it’s a super easy deal to take advantage of. United MileagePlus is an Ultimate Rewards transfer partner, and charges just 80,000 miles one-way for tickets between the US and many points in Asia. This gives you access to lots of incredible business class products, like EVA Air, which is fantastic.
Three roundtrip economy tickets from the West Coast to Hawaii
While the flight itself might not be aspirational, here’s a great deal that will get you to a popular vacation destination that can often be pricey. British Airways Executive Club is an Ultimate Rewards transfer partner, and any nonstop Alaska Airlines flight between the mainland and Hawaii costs just 12,500 Avios one-way, plus airport taxes and fees (there are no carrier imposed surcharges).
Most programs charge at least 35,000 miles for roundtrip tickets between the mainland and Hawaii, so those represent some significant savings.
20 one-way tickets within Europe
Since British Airways Executive Club has a distance based award chart, one of the best values is redeeming just 4,000 Avios for a one-way off-peak economy ticket within Europe. These cost just 4,000 Avios plus minimal taxes and fees, assuming you’re traveling a nonstop distance of under 650 miles one-way. Given how much revenue tickets can otherwise cost, this will get you a ton of travel to/from London.
$1,000-1,200 to spend on travel however you’d like
While I think one of the best ways to get value out of Ultimate Rewards points is to transfer them to an airline or hotel partner, there’s also value to be had in redeeming Ultimate Rewards points as cash towards the cost of a travel purchase. This includes things like flights, hotels, car rentals, and more. The amount of value you get per point varies based on the most premium card you have:
- If you have the Chase Sapphire Reserve® Card, you can redeem points for 1.5 cents each towards the cost of a travel purchase
- If you have the Chase Sapphire Preferred® Card or Ink Business Preferred℠ Credit Card, you can redeem points for 1.25 cents each towards the cost of a travel purchase
So if you just have the Ink Business Preferred℠ Credit Card, those 80,000 points can get you $1,000 worth of travel. However, if you have the card in conjunction with the Chase Sapphire Reserve® Card, those points can get you $1,200 worth of travel. That’s a lot to spend on travel however you’d like!
Want to earn more Ultimate Rewards points?
While the Ink Business Preferred℠ Credit Card has a huge welcome bonus of 80,000 Ultimate Rewards points upon completing minimum spend, there are several other great cards earning Ultimate Rewards points as well. For example, you can use the following cards to complement the Ink Business Preferred and earn tons of Ultimate Rewards points:
One of the great things about Ultimate Rewards points is that they can be converted efficiently into hotel points or airline miles, and can also be redeemed as cash towards the cost of a travel purchase. This gives you so much flexibility. The above are just some examples of the amazing ways you can redeem these points, though it goes without saying that there are plenty of other ways to redeem Ultimate Rewards points as well.
What are your favorite ways to redeem Ultimate Rewards points?