One of the best ways to earn FREE travel is to use the right credit card on your everyday purchases like groceries. We all buy them so why not maximize the purchase by getting cash back, points or miles?
Chase just helped you with that by announcing today that they are adding a temporary bonus category to the Chase Sapphire Reserve and Preferred credit cards.
From November 1st through April 30, 2021, Sapphire Reserve card holders will earn 3x points on groceries and Preferred card holders will earn 2x points up to $1,000 per month.
It's a nice offer, however, if you apply for a FREEDOM FLEX card, you earn 5x points on groceries for the first year up to $12,000. Better deal! Right now, if you spend $500 on the card, you get a $200 bonus.
The Chase Sapphire Reserve and Preferred also offer the pay yourself back program which you can use to essentially erase home improvement, dining, and grocery purchases at 1.5x points and 1.25x points.
Now the real sweet spot is if you have the Chase Sapphire Reserve and the FREEDOM Flex card. You can use your Flex card to buy the groceries at 5x points and then transfer the points to your Sapphire Reserve and cash them using the pay yourself back tool at 1.5 points. So you are essentially earning 7.5 points per dollar.
Chase is also extending the $300 credit for Sapphire Reserve card holders to use towards travel, gas and groceries through June 2021. This credit makes the annual fee of $550 a little bit easier to manage.
If you spend just a bit of time using the right card to make those everyday purchases, your points, miles or cashback can really add up and help the bottom line.
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