The world of credit card rewards programs can be confusing and intimidating. It may be daunting at first, but once you understand how these programs work, you will see just how valuable they are.

This article is intended to give you the basic tools you need to use one of the most powerful and versatile rewards programs out there: Chase Ultimate Rewards.

What Are Chase Ultimate Rewards Points?

Chase Ultimate Rewards points are a transferable loyalty currency that can be redeemed for cash back, flights, hotel stays, shopping and even exclusive experiences.

The AC Hotel by Marriott Colón Valencia markets itself as a “four-star lifestyle hotel in the center of Valencia.” Earlier this year, my wife and I spent five nights at this property during the annual Las Fallas festival in Valencia, Spain.

The AC Hotel by Marriott Colón, Valencia is located in the heart of Valencia’s commercial and financial district. | Photo courtesy of Marriott.com

The festival is a celebration of art, religion and satire that culminates on March 19, when the neighborhoods get together to burn massive, brightly colored papier-mâché structures.

My wife and I attended Oktoberfest in Munich for the first time in 2017 and had an absolute blast. The food, the beer, the music and the overall atmosphere made it clear that this wouldn’t be my last visit. As my father, who is responsible for my German heritage, approached retirement, I started to put together a plan to return with him next time.

My wife and I attend our first Oktoberfest in Munich in 2017.