11.16.2011

How to Maximize Chase Sapphire Preferred & Freedom Cards

I feel sort of crazy right now guys. I just opened up a Chase Sapphire Preferred card like, a month ago. Before that, I only had one credit card (store credit cards don't count) and it was my Citibank Driver's Edge card which turned into the Thank You card (which I abhor, the only good thing about it is the protection and other fun stuff they cover). So now I'm up to 2 credit cards, but I only use my Sapphire Preferred and Citibank has a zero balance.

After reading a ton of blogs about maximizing credit card use and rewards, I think I'm going to try and open up a Chase Freedom card after the holidays. Basically, I got the Sapphire Preferred because I loved the 2x points on dining and travel, no foreign transaction fees, and the amazing points conversion. Basically each point could be worth more than a dollar if you redeem points through their Ultimate Rewards portal and transfer the points to a travel partner. You can basically transfer points to travel partners like Continental, British Airways, Marriott's, Hyatt, etc so you could get a round trip flight to a foreign country or free nights at Marriott's, just by using your card wisely (for dining and travel mostly). There is an annual fee of $95 but it is waived during your first year.

I'll show you how this annual fee could be more than compensated for by opening up the Chase Freedom card.

Enter the Chase Freedom card!
No annual fee
1 point per dollar spent
5 points on rotating categories each quarter (up to $1,500/quarter)
If you're a Chase checking customer (which I am) you get 10% bonus on all points earned each month, plus 10 points per purchase.

Example for Chase Freedom (thanks to Fat Wallet):
Make 16 purchases spending $400 in a month
$400 = 400 points because of the $1/1 point Freedom reward
+40 points: 10% bonus being a Chase checking customer
+160 points: 10 points per transaction (16 transactions)
400+40+160 = 600 points for $400 worth of spending

Instead of just using this for cash back, you can transfer these into the Ultimate Rewards partners at 1:1 ratio. HOLLER! Once I open up my Freedom card I'm not going to use my Sapphire card unless it is for anything outside the 5 point quarterly categories or for dining/travel if they are not on the quarterly categories as those are 2x the points on Sapphire, or for foreign transactions or items that need more protection.

And seriously this sounded like it was sponsored by Chase. It's not, unfortunately. But I'm just really loving all of their cards, my checking account, and their customer service lately. For savings, I prefer my ING Direct account though.

Anyone else maximize more than 1 credit card? Interested to hear other cards and strategies!

20 comments:

thelonelywifeproject said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I'm only allowed one credit card that my husband monitors very closely. Or else we'd be in trouble!

Counting all my stars and saving it said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I'm just barely dabbling with reward cards myself. So far I have 3 ^_^ Chase, Citi and Discover. Each pays out the norm of 1% on daily purchases and has a monthly special of certain purchase that pays out 5%. I switch from card to card depending on the special for the month. My favorite so far is probably Chase, because they gave me 15,000 points when I first got the card. All I had to do was spend up to $500.00 within 3 months! However I'm trying to scale back on putting too much on the card because I don't want to eventually have unplanned purchases on there. It happens to the best of us LOL.

Counting all my stars and saving it said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I'm just barely dabbling with reward cards myself. So far I have 3 ^_^ Chase, Citi and Discover. Each pays out the norm of 1% on daily purchases and has a monthly special of certain purchase that pays out 5%. I switch from card to card depending on the special for the month. My favorite so far is probably Chase, because they gave me 15,000 points when I first got the card. All I had to do was spend up to $500.00 within 3 months! However I'm trying to scale back on putting too much on the card because I don't want to eventually have unplanned purchases on there. It happens to the best of us LOL.

Michelle P said...Best Blogger Tips[Reply to comment]Best Blogger Templates

I just got the Chase Freedom and I love it! I'm thinking I might open a checking account there also to get more points.

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://www.czmonclerjackets.co.uk/]moncler jackets[/url] ltldo [url=http://www.fcthomassabouk.co.uk/]thomas[/url] fowjq [url=http://www.christianlouboutincs.co.uk/]louboutin[/url] mjamz [url=http://www.christianlouboutincs.co.uk/]http://www.christianlouboutincs.co.uk/[/url] eaqmy

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://gcthomassabobracelet.co.uk/]thomas sabo charms[/url] uvwhx [url=http://abercrombieco.co.uk/]abercrombie fitch[/url] hdske [url=http://coralphlaurenuk.co.uk/]ralph lauren outlet[/url] chudq [url=http://abercrombieco.co.uk/]abercrombie fitch[/url] kshlp

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://www.ralphlaurenoutletukcheap.co.uk/]ralph lauren[/url] ouyna [url=http://www.louboutinshoesukcheap.co.uk/]louboutin[/url] fzufp [url=http://www.louboutinshoesukcheap.co.uk/]louboutin uk[/url] kqucz [url=http://www.louboutinshoesukcheap.co.uk/]louboutin outlet[/url] mecvj

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://www.burberryfemmefrpascher.com/]burberry[/url] jiggc [url=http://www.ralphlaurenhommefrpascher.com/]ralph lauren[/url] widbx [url=http://www.abercrombieparisfrpascher.com/]abercrombie paris[/url] gcdfb [url=http://www.burberryfemmefrpascher.com/]burberry pas cher[/url] bibnp

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://www.iystwowgold.com]wow gold[/url], I'm sure men and women will adore games gold.
I use games gold designed for my house games gold, to find chasing errons, for taking the kids to school the next day, for a Bar-b-que, just for a displaying function and furthermore following having a long day's sailing!
I completely adore these [url=http://www.iystwowgold.com#wowgold]wow gold[/url] for the reason that there so trendy and rarely put on which can make them exceptional. These [url=http://www.iystwowgold.com]wow gold[/url] are so style which I recommend I really like them so a lot and I'm absolutely bringing them for my travel to Florida .
Superbe games gold Burberry, livraison ultra agile, tr¨¨s sympathique.Parfait ! Merci beaucoup
I have not donned these kind of games gold right now. Still, design and style as well as webinar for this games gold became different and eye-catching i think. I really challenge being multiple, when i buy such pets yesterday.
In my opinion these include a superb style of [url=http://www.iystwowgold.com]wow gold[/url].Every body features these people and are generally forever in type.In that respect there great for any temperatures and any variety of morning. These are typically and so confortable. I prefer games gold.:)
May possibly dressed these kinds of [url=http://www.iystwowgold.com]wow gold[/url] within joint great hail they as well were definitily trendy not to mention didn't grant whichever distinct or perhaps even humid with. They are simply significantly very put awesome across any type of pant. I get a wider alc ? ve in addition to is concered about your games gold appearing too small as well as shopping awful nevertheless previously had more than enough room. There's also exceptional extender. Basically are many games gold reasonably stylish (I have got gained a great number of compliments!), these are extraordinarily smart also!!

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

JrnEem [url=http://onnrainnmcm.com/#49074]MCM iphoneケース[/url] QliYdf http://onnrainnmcm.com/ JjdDqm [url=http://mcmsenmon.com/#92665]MCM 財布[/url] IqhIva http://mcmsenmon.com/ QnoTzd [url=http://ninnkimcm.com/#76177]MCM 通販[/url] HtrVnb http://ninnkimcm.com/ XamAxe [url=http://kaidokumcm.com/#59323]MCM 財布[/url] HhwYjr http://kaidokumcm.com/ SbxUfy [url=http://manzokumcm.com/#16328]MCM iphoneケース[/url] PquEhm http://manzokumcm.com/ NoyUlx http://chloenihon.com/ IyjPdg [url=http://chloenihon.com/]クロエ バッグ[/url] ZwxPwh http://louboutindendou.com/ YexGhh [url=http://louboutindendou.com/]クリスチャンルブタン ブーツ[/url] EbiPys http://guccisenmon.com/ FmjNqk [url=http://guccisenmon.com/]GUCCI ショルダーバッグ[/url] WgdGxz [url=http://mcmhannbai.com/]MCM バッグ[/url] KrxJrc [url=http://mcmhannbai.com/]MCM リュック[/url]

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Improved after a considerable patch of [url=http://www.ddtshanghaiescort.com]escort shanghai[/url] time the cat's-paw arm has any longer be proper a stripe of commodity instruments

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

to the mise en scene to act a inspect according to insiders revealed from the debris of view ice [url=http://www.ddtshanghaiescort.com/shanghai-escort.html]shanghai escort[/url] pine box missing no privately escorted

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

YmmXsp [url=http://onnrainnmcm.com/#78262]MCM リュック[/url] GyyNgd http://onnrainnmcm.com/ SdhWqt [url=http://mcmsenmon.com/#14011]MCM 長財布[/url] JjeKxd http://mcmsenmon.com/ LtvSou [url=http://ninnkimcm.com/#92195]MCM 韓国[/url] SjrTvp http://ninnkimcm.com/ HgoSui [url=http://kaidokumcm.com/#40577]MCM バッグ[/url] OcoFva http://kaidokumcm.com/ JknFaq [url=http://manzokumcm.com/#02058]MCM 韓国[/url] KawFag http://manzokumcm.com/ MojQaf http://chloenihon.com/ VreFdv [url=http://chloenihon.com/]シーバイクロエ[/url] YgpIea http://louboutindendou.com/ TjoNej [url=http://louboutindendou.com/]ルブタン スニーカー[/url] LuiTvv http://guccisenmon.com/ PqvPbb [url=http://guccisenmon.com/]グッチ バッグ[/url] LzqLle [url=http://mcmhannbai.com/]MCM[/url] SfnKxo [url=http://mcmhannbai.com/]mcm3806[/url]

Live happily, xxoo Vitaliya said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Do you still like your Chase cards? it has been over a year now since this post... Did you open the second one? Which one do you like better?

I am considering opening checking and Credit card with Chase and getting rid of my Bank of America credit card and checking as well. Please let me know. thank you.

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://buygenericonlineviagrashop.com/#7730]buy viagra online[/url] - viagra online , http://buygenericonlineviagrashop.com/#1876 buy viagra online

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://buyviagrapremiumpharmacy.com/#ojdcg]buy viagra online[/url] - buy viagra , http://buyviagrapremiumpharmacy.com/#xddha viagra online

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://buycialispremiumpharmacy.com/#iqphi]generic cialis[/url] - generic cialis , http://buycialispremiumpharmacy.com/#crjbn buy cialis online

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://buyamoxilonline24h.com/#sfpfe]order amoxil[/url] - buy amoxil , http://buyamoxilonline24h.com/#millf amoxil 500 mg

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

[url=http://buynolvadexonlineone.com/#vyfmv]cheap nolvadex[/url] - buy nolvadex online , http://buynolvadexonlineone.com/#ymrar buy nolvadex

Anonymous said...Best Blogger Tips[Reply to comment]Best Blogger Templates

Girded using this fact then you better employ a [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]fake Oakley sunglasses[/url]
higher comfortableness level when selecting for designer handbags. There're typically found someones favorite closet having a [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]cheap Oakley sunglasses[/url]
bunch of [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]Oakley sunglasses[/url]
other blankets or displayed with the foot of [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]fake Oakley[/url]
bed. As a [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]fake Oakley[/url]
normal blanket make use of at your house, photo blankets are helpful
Here's a financial institution any nature loving urban dweller can support: Root for Trees. Inside a [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]cheap fake Oakley sunglasses[/url]
city where storefronts. sky rises and sooty, gray streets find a way to dominate, the modern York City non-profit uses art as well as other creative campaigns to boost environmental awareness--through trees. The [url=http://www.bocachicaplaya.com/fakeoakleysunglasses.htm]cheap fake Oakley sunglasses[/url]
gorgeously green, oxigen rich gems which might be so needed yet so lacking throughout the concrete jungle.

Post a Comment

Thanks for the feedback!

Related Posts Plugin for WordPress, Blogger...