Dedicated Bank and Other Travel Cards
Chase cards offering Ultimate Rewards points are the only bank points cards that I know of that I am certain are useful. And they are very useful indeed. The Ink Cash®Business Card and the Chase Freedom® Visa, both described in my Credit Cards > Free Cards > Cash Back Cards section, offer points convertible to Ultimate Rewards points if you have a card that earns these directly. I see no reason why you can't get both a personal and a business card, and perhaps more than one of each.
Ultimate Rewards points can be transferred to United or Korean Airlines or Singapore Airlines or British Airways or Air France KLM’s Flying Blue miles or Southwest Airlines, Virgin Atlantic, or Hyatt, Intercontinental Hotels Group (Priority Club), Ritz-Carlton, or Marriott hotel points, 1,000:1,000. Also see 5 “Secret” Unofficial Chase Transfer Partners.
You may transfer any number of points to another Ultimate Rewards member for free. The terms and conditions say that the person to whom you transfer must be your spouse or domestic partner. (Caution: This Flyertalk thread indicates that Chase is enforcing the spouse or domestic partner rule for points transfers and is closing accounts of those who violate it.) So if you have some extra leftover points when you decide to close your account, you may transfer them to someone else instead of losing them. Or if you need a certain number of miles in say, your United Airlines account, combining Ultimate Rewards points first then transferring them might help.
After you get your card, be sure to check out the shopping deals on the Ultimate Rewards website in its shopping section. Log in, then click on Earn Points in the menu to the left, then on Shop the Ultimate Rewards Mall. People rave about the mega extra point given for shopping at certain popular merchants. On January 25, 2012, I saw on deal for 25 extra points/$1 spent, a few for 15 and several 10 points extra, and a very large number of merchants with extra points for purchase. The number of points from specific merchants vary over time.
Caution: If you close all of your cards earning Ultimate Rewards points, all of your points will disappear. So use them first before cancelling that last card, or, better still, about two months before you have to pay the fee on your current card, apply for another, different card. For example, when I decided I would close my Chase Sapphire Preferred (SM) Card to avoid paying the fee, I first successfully applied for the Ink Plus® Business Card, put a charge on it, immediately paid off that charge, then checked to see that the points posted to the same Ultimate Rewards account before closing my current card. You may have to contact Ultimate Rewards (via secure message after you log in) and ask them to link your two accounts and confirm that this will keep your points alive.
After you get the Chase Sapphire or Chase Ink Plus cards, you may be able to earn points by referring people to it. The usual offer is 5,000 points, but sometimes more are offered.
Please allow me to refer you to this card. You should get the same offer I describe here, and I get 10,000 points. Thanks. After you receive the card, you could then refer others to it for those 10,000 points per successful referral, up to 50,000 points.
I like transferring points to United. View from the wing suggests transferring them to Korean Air for Skyteam flights or flights on Alaska or Hawaiian Airlines. But Million Mile Secrets likes transferring the points to certain hotel programs, an opinion about which it would be well worth reading, along with subsequent comments. It all depends on how you would use the points or miles.
The Million Miles Secrets blog has compiled an excellent list of over 40 ways to meet the minimum spend requirement. Its readers added more.
Be sure you apply for the Chase Sapphire Preferred (SM) Preferred Card, not the Chase Sapphire card.
Please tell me about any substantial changes in this offer. Thanks.
Last I looked the offer included
This flyertalk wiki tracks the offers for this card.
If may be possible to pay the annual fee for the second year, earn points, then close the account and get a refund of the fee up to 6 months after it was charged. Chase had this policy for the old Chase Ink Bold card in February 2016. Ask to find out if this is still true. Then carefully plan ahead to be sure that you have a multiple of 1,000 points and that those points are transferred out of the account before you close the account.