The Easiest 60,000 Chase Ultimate Rewards I’ve Earned
Chase Sapphire Banking Bonus
At the end of November, I wrote a blog post entitled 60,000 Chase Ultimate Rewards Points with Little Opportunity Cost. The gist of it is that there is a bonus of 60,000 bonus Ultimate Rewards points going on at Chase banks for opening a new Chase Sapphire bank account and depositing $75,000 for 90 days. I detailed, in that post, why if you have this level of cash in any cash equivalent, you can safely replicate that inside the Chase account using their free YouInvest program and an essentially risk-free Vanguard Money Market account.
I’m happy to say my points have arrived without any intervention on my side. One thing to note is that you should expect a 1099 for the points, valuing them at a penny each.
If you’ve been on the fence about it, or just haven’t gotten around to this yet, I highly recommend you revisit my original post and decide from there.
New to all of this? My new “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available now.