122,500 points. That’s an oddly specific number, no?It is, but it’s the minimum number of Chase Ultimate Rewards points you’ll have after meeting the minimum spend requirement of $15,000 in your first 3 months to earn the welcome bonus on your new Chase Ink Business Preferred card.
The bonus is 100,000 points, and you’ll get at least 1.5 point per dollar spent, although with triple points on shipping and other select business categories, you’ll likely end up with more than 122,500 points once the minimum spend has been met.
#1 Use Chase Ultimate Rewards Points to Shop Directly at Amazon
Or don’t, I should say. Charge your Prime Day purchases directly to a credit card that gives you more points like the co-branded card that offers 5% back on Amazon purchases.
You can use your points to buy gift cards for hundreds of popular restaurants and stores. Gift cards can make great gifts, which I suppose is why they call them that.
This is a very simple option to take, and if you never, ever travel, it might actually be your best bet, although the Pay Yourself Back option (see #8) is a better option if you are a Sapphire cardholder.
From time to time (including at the time of this article’s publication), your Chase Ultimate Rewards points go further when buying Apple products with your points.
Chase gives you the option of combining points. If you’re earning UR points on a Chase Freedom Flex or Freedom Unlimited card, you can transfer them to a Sapphire card where the points are more valuable.
#6 Redeem Directly for Travel via the Chase Portal
If you’ve ever used Expedia to compare prices or book travel, then the Chase portal will look very familiar. It’s powered by the Expedia search engine.