Do you have the Chase Freedom card? Book a car rental or hotel with it in July and get 10% cash back or 10 Ultimate Rewards per dollar (if you have a Sapphire Preferred or Ink Plus).
- Offer is valid for purchases made July 1 – July 31, 2016
- 10x is only valid on up to $2,500 in purchases
- To qualify, must be a car rental or hotel reservation booked through ChaseUltimateRewards.com
- Travel does not have to be completed within July, you can rent a car or reserve a hotel room for whenever
Although the promotion is for 10% cash back, you can actually earn 10 Ultimate Rewards per dollar if you have a Chase Sapphire Preferred or Ink Plus card since there is a second way of redeeming the Ultimate Rewards: transfer them to your Sapphire Preferred or Ink Plus account and from there to airline miles or hotel points. I call this the Freedom Two Step.
I value Ultimate Rewards at two cents each, so by completing the Freedom Two Step with Ultimate Rewards earned on your Freedom through this promotion, you would essentially be getting twice as good of a rebate than if you didn’t move the points over to your Sapphire Preferred or Ink Plus.
Don’t Forget to Compare Potential Award Earnings
If you spent the full amount on your Freedom that you can earn 10x Ultimate Rewards on, $2,500, that would be like earning 25,000 Ultimate Rewards (worth about $500) if you have the ability to transfer those points to a Sapphire Preferred or Ink Plus account. While this might sound like a stellar deal right off the bat (and don’t get me wrong, it is a good deal), you need to compare potential award earnings through other sources.
First of all, you most likely will not earn points from the hotel or car rental’s loyalty program if you book through ChaseUltimateRewards.com (since it would be through a third party).
And if you have a Citi Prestige® Card, you could book your hotel or car rental on that for 3x ThankYou Points on top of the points you would normally earn from the hotel or car rental’s loyalty program. You could also take advantage of the fourth night free benefit if you plan on staying at least four nights.
Finally, Rocketmiles is worth a look. They are currently running an AAdvantage promotion for first time users that guarantees at least a 5k mile bonus on top of what you would normally earn for booking a hotel through the site.
You can earn 10% cash back (or 10x Ultimate Rewards per dollar spent) by putting car rentals or hotel nights on your Freedom card for the entire month of July. This could be a great deal for you depending on the opportunity cost.
While I can not directly link to the current Freedom offer, you may find them by clicking below if you decide to apply. (I receive a commission, and your support keeps this blog going.)
Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.
Earn 60,000 bonus American Airlines miles after spending $5,000 in the first three months on the Citi® / AAdvantage® Executive World Elite™ MasterCard®. Plus get American Airlines lounge access for you and guests. My full review of the card.