Tag Archives: Ultimate Rewards

Keep, Cancel or Convert? Chase Sapphire Preferred Credit Card ($95 Annual Fee)

Good afternoon everyone.  As part of my “Keep, Cancel or Convert?” series, I like to evaluate and reevaluate credit cards to make sure they still deserve a spot in my wallet (or my fiance’s wallet, in this case).  Last year, my fiance was approved for the Chase Sapphire Preferred Credit Card and she used it heavily when she first got the credit card (to meet the $4,000 minimum spending requirement), but that credit card hasn’t gotten much use lately.  This is mainly because I have the Chase Sapphire Reserve Credit Card that offers 3x on travel and dining vs. the Chase Sapphire Preferred’s 2x on travel and dining.  And since my March App-O-Rama, I have been using my American Express Gold Card since that credit card offers 4x on dining.  Long story short, my fiance’s Chase Sapphire Preferred was not worth the $95 annual fee.  This is hard to believe since the Chase Sapphire Preferred was one of the best travel rewards credit cards just a few years ago.  We decided the best thing to do would be to convert her Chase Sapphire Preferred Credit Card into a Chase Freedom Credit Card, since we did not have a Chase Freedom between the two of us and the 5% rotating cash back categories would be easy to use.

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Dilemma: Spend $15,000 on Chase World of Hyatt Credit Card to Earn Extra Free Night Certificate?

Good morning everyone.  In January, my fiance was approved for the Chase World of Hyatt Credit Card (my referral link) that offered 25,000 Hyatt points after spending $3,000 in 3 months and an additional 25,000 Hyatt points after spending $6,000 total in 6 months.  We are planning a wedding, so spending $6,000 in 6 months was not a problem.  This credit card also offers an extra free night certificate (for category 1-4 Hyatt properties) if you spend $15,000 during the cardmember year.  So the dilemma is, after spending $6,000 on this credit card and earning 50,000 Hyatt points, is it worth spending an extra $9,000 on this credit card to get an extra free night certificate?  Here are my thoughts…

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New AwardWallet Plus Feature: Receive Alerts for Incoming Miles & Points with Balance Watch [Winners Selected]

Updated 8pm PT on 3/15/19: Thank you to everyone who entered the giveaway.  I wish I could give everyone codes, but I only have so many codes available.  Here are the winners: Mike Saint, Bill Pisor, LAURAPDX, Brandon, Priscilla Ennis, Seth, Will, Stephanie Woods, iwantmoremiles, and Jim F.  I will email the winners the codes.  Thank you.


Good afternoon everyone.  A year ago, I wrote AwardWallet Feature I Wish Existed: Keep Checking for Account Balance Changes.  In that post, I wished there was a way for AwardWallet to constantly check a specific airline / hotel account to see when miles or points posted.  This is super important if you transfer points from a transferable points currency (Chase Ultimate Rewards, American Express Membership Rewards, Citi Thank You Points, Capital One Points, or Marriott Bonvoy) in the hopes of booking an award flight before the award space disappears.  Some transfers are instant, while others may take several hours or several days.

I am happy to report that AwardWallet took my idea and added the feature to AwardWallet.  Here is a blog post describing Balance Watch and how the feature works:

“Balance Watch will monitor a loyalty account to let you know as soon as your points arrive. Once activated, AwardWallet will check your balance up to twenty-four times per day and send you a desktop, mobile, and email notification as soon as a change is detected.”

Image source: https://awardwallet.com/blog/balance-watch/

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Keep Airline Miles from Expiring with Conversions from Radisson Rewards (or Hilton / Hyatt / IHG / Marriott / Wyndham)

Good morning everyone.  A few days ago, I got an email from Radisson Rewards about transferring Radisson Rewards Points into airline miles.  I figured it would be a bad deal in terms of the value you get from Radisson Rewards Points, but thought it might be useful if you have airline frequent flyer miles expiring soon and need some activity to reset the expiration date.  I went through the transfer process to convert 2,000 Radisson Rewards Points into 200 American Airlines miles.  Trust me, I know this is a terrible exchange, but it is a very efficient way to keep airline miles from expiring (and I don’t put much value on 2,000 Radisson Rewards Points).  I then went even further down the rabbit hole and looked at other hotel programs (Hilton, Hyatt, IHG, Marriott, and Wyndham) to see if they offered better value in terms of resetting airline mile expiration dates than Radisson Rewards.  Here are my results…

To get started with the conversion of Radisson Rewards Points into airline miles, I started here.  As you can see, 2,000 Radisson Rewards Points = 200 airline miles.  The transfer ratio is the same regardless of how many Radisson Rewards Points you want to transfer.  10 Radisson Rewards Points = 1 airline mile.  According to Frequent Miler’s Reasonable Redemption Values (RRV), 1 Radisson Reward Point is equal to 0.38 cents per point (CPP), which would make 1 airline mile worth 3.8 CPP (which is unrealistically high).  But look at it a different way.  2,000 Radisson Rewards Points would be worth $7.60 (2,000 x $0.0038 = $7.60).  In reality, I get 40,000 Radisson Rewards Points every year when I pay the $60 annual fee on my US Bank Radisson Rewards Business Credit Card, so that comes out to a 0.15 CPP value ($60 / 40,000 = $0.0015).  The new calculation would make 2,000 Radisson Rewards Points worth only $3.00 (2,000 x $0.0015 = $3.00).  So would you redeem $3.00 in Radisson Rewards Points to reset your frequent flyer miles expiration date?

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How Quickly Does Cash Back Post for Chase Offers?

Good morning everyone, I hope you had a great weekend.  I meant to publish this post a few weeks ago, but better late than never.  Chase has started to roll out more and more Chase Offers (similar to AMEX Offers) on several Chase credit cards.  In this post, I will show you how long it took for a Lowe’s Chase Offer to post to my account.  The Lowe’s Chase Offer provided 10% cash back on the first $120 spent, for a maximum of $12 cash back.  I added the Lowe’s Chase Offer to my Chase Sapphire Reserve Credit Card on December 9, 2018.  That same day, I went to Lowe’s and spent $96.60 (combination of a Christmas tree, stand, and some gift cards).  After the Lowe’s purchase posted to my credit card, the Lowe’s Chase Offer showed up under my Redeemed tab of Chase Offers.  The terms state that the statement credit should post within 7-14 business days, so let’s see how long it really took.

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