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This past month I moved and had to furnish a new apartment, and I quickly realized the extent to which the Ultimate Rewards Mall would come in handy. I purchased about $2,500 worth of stuff from Kohls and Best Buy, and just checked my Ultimate Rewards balance today and noticed that the following points posted in my Ultimate Rewards account:
Yep, that’s 24,403 points, which are more than enough for a free night at the Park Hyatt Paris or Park Hyatt Sydney if I transfer to Hyatt Gold Passport, or 24,403 miles to transfer to United MileagePlus towards another international first class award ticket to Asia via Europe.
This is all because the Ultimate Rewards Mall regularly has bonuses of 10 points per dollar for retailers like Sears, Kohls, Best Buy, etc. Before the Ultimate Rewards Mall I wasn’t a huge fan of online shopping malls simply because the reward was so small for going through them, so it wasn’t worthwhile to me aside from large purchases. Three points per dollar (which is a good bonus at many online malls) is a return of maybe 6%, compared to a return of 20% through the Ultimate Rewards Mall with some retailers (I value Ultimate Rewards points at two cents each).
Just another great benefit of the Chase Sapphire Preferred® Card, and Ink Plus® Business Credit Card. Now if only I could keep up that level of spend, I’d earn enough miles for two first class round the world tickets each year just through mileage malls… 😀
Anyone else cash in big for the month of November with Ultimate Rewards with all of the bonuses they offered?