6 Best Ways To Use 80K Chase Sapphire Preferred Bonus Points

Redeeming travel-focused credit card points, like Chase Ultimate Rewards points, can feel overwhelming. Even more so if you’ve just earned a haul of points from the Chase Sapphire Preferred^® Card.

Fortunately, there are plenty of ways you can redeem and get great value from your Chase Ultimate Rewards points. Let’s take a look at some of those options, including a unique and limited-time offer from Chase that allows you to “Pay Yourself Back” with your points.

Chase Sapphire Preferred Card Welcome Bonus

BEST BEGINNER CARD

Chase Sapphire Preferred^® Card

U.P. Rating 

The rating for this card has been determined by our own industry experts who know the ins and outs of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

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Chase Sapphire Preferred^® Card

A fantastic travel card with a great welcome offer, good benefits, and perks for a moderate annual fee.

Welcome Offer

Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

60,000 bonus points

UP's Offer Valuation*:

$1,200

Annual Fee

$95

APR

20.49% - 27.49% Variable

Credit Recommended

Upgraded Points credit ranges are a variation of FICO^®Score 8, one of many types of credit scores lenders may use when considering your credit cardapplication.

Good to Excellent (670-850)

Why We Like This Card

The Chase Sapphire Preferred^® card is one of the best travel rewards cards on the market. Its bonus categories include travel, dining, online grocery purchases, and streaming services, which gives you the opportunity to earn lots of bonus points on these purchases.

Additionally, it offers flexible point redemption options, no foreign transaction fees, and excellent travel insurance coverage including primary car rental insurance. With benefits like these, it’s easy to see why this card is an excellent choice for any traveler.

Pros & Cons

Pros

• 5x points on all travel booked via the Chase Travel portal
• 5x points on select Peloton purchases over $150 (through March 31, 2025)
• 5x points on Lyft purchases (through March 31, 2025)

Cons

• $95 annual fee
• No elite benefits like airport lounge access or hotel elite status

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Card Highlights

• Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
• Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, $50 Annual Chase Travel Hotel Credit, plus more.
• Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Travel℠. For example, 60,000 points are worth $750 toward travel.
• Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
• Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
• Member FDIC

Financial Snapshot

• APR: 20.49% - 27.49% Variable
• Foreign Transaction Fees: None

Rewards Center

Chase Ultimate Rewards

Chase Sapphire Preferred Card Benefits

The Chase Sapphire Preferred card is one of the most popular starter travel cards on the market — and for good reason!

In addition to a massive welcome bonus, the card is packed with great benefits for travelers.

• $50 Hotel Credit via Ultimate Rewards — Book your hotel via the Chase Travel portal and receive a statement credit of up to $50 each card anniversary year.
• 25% Point Bonus: When you redeem your points through the Chase Travel, your points are worth 1.25 cents apiece.
• DoorDash DashPass Subscription: DashPass members receive free food delivery and discounted service fees on select food delivery orders on the DoorDash app.
• Groupon Cash-Back — Enroll to receive 10% back on Groupon deals every month for 12 months (up to $50), rewarded as Groupon Bucks.
• Trip Cancellation/Interruption Insurance: If you need to cancel your trip, or end it early, due to covered issues (like severe weather or an illness), you’re eligible for up to $10,000 of coverage for prepaid, nonrefundable travel expenses.
• Trip Delay Reimbursement: If you purchase your flight with the Chase Sapphire Preferred card and are delayed for 12 or more hours, or require an overnight stay, you’re eligible for a reimbursement of up to $500 per ticket in reasonable expenses (like hotel lodging or food).
• Baggage Delay Insurance: If your checked baggage is delayed more than 6 hours, you’ll receive $100 in reimbursements for essential items, up to a maximum of $500 for bags delayed 5 days or more.
• Primary Rental Car Coverage: Covers for theft and damage done to your rental car.

Redeem For Everyday Purchases

1. Statement Credit

With travel limited, one good option for redeeming your Chase Ultimate Rewards points is via statement credit to offset purchases you make with your card. Chase allows you to redeem your Ultimate Rewards points at a rate of 1 cent per point towards any and all purchases you make.

When redeeming for statement credits, the welcome bonus you receive from the Chase Sapphire Preferred card will allow you to offset purchases at 1 cent per point. For example, an 80,000 welcome bonus would be $800 in statement credits. While redeeming points with Chase’s airline and hotel transfer partners is preferred, this can be a good choice in the meantime until travel resumes again.

2. Chase “Pay Yourself Back”

Chase is offering cardholders the opportunity to “Pay Yourself Back” with your Chase Ultimate Rewards points. Similar to using your points as a statement credit, Pay Yourself Back allows you to use your points to offset purchases made within select categories.

The select categories include groceries, gas, and charitable donations. Better yet, customers can redeem their Ultimate Rewards at 1 to 1.25 cents each towards these purchases — just as you would through Chase Travel.

So, a $125 charity donation would cost just 10,000 points to offset the purchase. Meaning that 80,000 Ultimate Rewards points can be redeemed for up to $1,000 in donations or $800 in purchases made within the select Pay Yourself Back categories!

How To Use Chase Pay Yourself Back

Step 1: Log into your Ultimate Rewards account, then select Pay Yourself Back from the navigation bar.

Step 2: Next, you’ll see a list of all the eligible purchases where you can use points to pay yourself back. Simply select the purchase or purchases you want to offset and then click continue. Remember that Chase Sapphire Preferred cardholders will receive up to a 25% bonus, while Chase Sapphire Reserve cardholders receive up to a 50% bonus.

Step 3: Once you’ve confirmed the purchases and the number of points you’ll be redeeming, you’re all set! You’ll receive a credit back for those purchases within 2-3 days.

3. Gift Cards

Chase has always offered the option to redeem your Ultimate Rewards points for gift cards for your favorite merchants at a rate of 1 cent per point. Generally speaking, it seldom makes sense to redeem your points this way, and tie the value of your points up with a single merchant, when you can just as easily redeem your points as a statement credit towards any purchase.

On occasion, Chase will run promotions where merchant gift cards can be purchased using your points with a 10% discount — giving your Ultimate Rewards points a value of 1.1 cents per point. Redeeming your points this way could make sense if you were planning on shopping with that merchant anyway and were planning to use your points as a statement credit to offset the purchase.

Redeem For Future Travel Bookings

If you’re considering booking future travel, here are a few of our favorite uses of Chase Ultimate Rewards points that are both excellent value and flexible!

4. World of Hyatt Stays

World of Hyatt is easily one of the best Chase transfer partners due to the high quality of its hotels and very cheap award redemption rates compared to competitors like Marriott and Hilton.

Award nights range between 3,500 to 45,000 Hyatt points per night, with only a handful of properties falling into the most expensive Category 8 rate.

One of the Hyatt award chart sweet spots are Category 7 properties, where you can book a night at some of the nicest Hyatt hotels in the world like Park Hyatt Maldives for just 30,000 points per night. Meaning 80,000 points will earn you 2 free nights at any Category 7 hotel in the Hyatt portfolio, with another 20,000 points left over!

If you’re a more budget-conscious traveler and prefer to make your points stretch, you can still stay in excellent Category 1 properties, like the Hyatt Place Los Cabos or the Hyatt House Colorado Springs, and turn 80,000 Chase Ultimate Rewards points into 16 free hotel nights!

5. Round Trip Tickets to Spain (Iberia)

Those looking to use their Ultimate Rewards points to visit Spain, or to use that as a launchpad to other European destinations, can do so by transferring their points to Iberia Plus and redeeming them for some pretty spectacular rates.

Round trip Blue Class (economy) tickets from New York, Boston, or Chicago to Madrid cost just 34,000 miles, and 68,000 miles for business class — offering exceptional value for your points. Similarly, you can fly from Miami, Los Angeles, or San Francisco to Madrid for just 42,500 miles in Blue Class, and 84,000 in Business.

Chase Ultimate Rewards points transfer 1:1 to Iberia, so 80,000 points can get you 2 round trip tickets to Spain in Economy, or 1 round trip ticket in business class!

6. Chase Travel Bookings

For those looking to purchase future travel with their points but also want the simplicity of not needing to use airline or hotel transfer partners, the Chase Travel has been and continues to be, an excellent option.

In addition to worrying about transfers, finding award space, or blackout dates, your points aren’t just limited to flights and hotels, but can also be used for rental cars, cruises, and unique travel experiences.

And thanks to your Chase Sapphire Preferred card, when you book through the Chase Travel, your points are worth 25% more, or 1.25 cents each. Meaning 80,000 Ultimate Rewards points are worth $1,000 in travel purchases.

Final Thoughts

Chase Sapphire Preferred cardholders have multiple phenomenal options for how to redeem the Ultimate Rewards points.

Cardholders can redeem their points for maximum value via airline and hotel transfer partners, but you may prefer to lock in value towards things you’re purchasing right now via Chase Pay Yourself Back or statement credits.

Either way, the absolute best way for you to redeem 80,000 Ultimate Rewards points from your Chase Sapphire Preferred card is by choosing whatever option is the best for you!