One of the less-used partners of Chase Ultimate Rewards is Amtrak. While some may detest the use of Amtrak, and think that Amtrak is fading away, it can be a very lucrative point transfer partner if used the right way.
Fares in the Northeast Corridor (traditionally, Newport News, VA up through Boston area) can be sky-high, especially at the last minute, or during weekday commuter hours.
Take for example a Northeast Regional train on October 31st from Washington DC Union Station to New York Penn Station.
It’s $149 for the cheapest coach ticket. This train is Amtrak’s “slow train,” and is not the higher-speed Acela Express, which cuts out many smaller stations to save on time.
The great thing about Amtrak’s loyalty program, Amtrak Guest Rewards is that they allow redemptions on any train as long as there is a seat still for sale. It’s rare trains are entirely sold out (with the exception of peak times such as Thanksgiving), so you have a very decent shot of getting a seat if you need one.
If you don’t want to spend $149 on that coach ticket, there is a work around. Since Amtrak is a Chase Ultimate Rewards Partner, you can transfer points to Amtrak with ease.
Routes in the Northeast Corridor start at 4,000 points.
So, spending 4,000 points will exempt you from paying the $149 ticket mentioned above. There are no fuel surcharges, and the points are deducted from your account immediately.
There are two ways I recommend accumulating Amtrak Guest Rewards points – using a Chase Ink Bold/Ink Plus, or the Chase Amtrak Guest Rewards Credit Card.
Here’s how to accumulate 4,000 points for under $50:
- Assuming you have a Chase Ink Bold/Plus card, buy (4) $200 gift cards from your favorite office supply store, where you will earn 5x the points for every dollar spent. At $6.95 a card, you’ll spend $27.80 on the purchase, and earn 4,000 Ultimate Rewards Points which can be transferred to Amtrak. If you subtract the 1% you can get back for having your card enrolled in the Visa Savings Edge program, you’ll spend even less.
- Assuming you have the Chase Amtrak Guest Rewards card, buy (8) $500 gift cards at any store that sells them, where you will earn 1 point for every dollar spent. At $5.95 (usually) a card, you’ll spend $47.60 on the purchase. Compared to the $149 original cost of the ticket, you are saving over $100.
Here’s how to make Amtrak travel even more lucrative: Get a Chase Amtrak Guest Rewards credit card, and you’ll get 5% of the Amtrak points you redeem back to your account to spend on future travel. So, for a 4,000 point redemption, you are getting 200 points back. The card has no annual fee, so if you’re an Amtrak user, it pays to have the card, even if you aren’t spending a ton on it.
You can use this same principle on other Amtrak redemptions, though your costs may be higher. Even with a higher cost, you still have the potential to save hundreds of dollars with each redemption. Since having Amtrak status is something I know longer value and use, Amtrak travel is solely award-travel for me.
Have you ever redeemed points on Amtrak?
Looking for the best way to earn miles and points quickly? Visit the "Credit Cards" drop down on the main menu bar above for the hottest deals! Want to learn more and stay up to date on the latest tips, tricks and deals? Join My Travel Tips Facebook Page! This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. Opinions expressed here are author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.