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Update: As of July 20, 2014, the Chase Sapphire Preferred Card no longer offers the 7% annual points dividend. View the current sign up offer here.
Back in September I blogged that Chase had confirmed to me that the Chase Sapphire Preferred® Card sign-up bonus of 50,000 points would indeed count towards the yearly 7% dividend, which is a nice perk of the card. And lo and behold, I just got my dividend summary and the 50,000 points were included – plus points that a friend had transferred to me from her Freedom account (which is another great perk of pairing up the quarterly 5x earning bonuses of the Freedom with the great redemption and transfer partners of the Chase Sapphire Preferred® Card). I also got credit for the 2,500 free Stamps.com and 4,500 point Pitney Bowes deals.
The points aren’t yet in my account, but I assume that’s because my January statements already closed, so they will be included on my February statement.
Overall, I think the 7% annual dividend on all points earned is a pretty great benefit, especially since a ton of my points were earned by the 2x travel and dining- essentially allowing me to earn 2.14 points per dollar spent in those categories. This little bonus will help me top up my Continental balance so I can book a Virgin Atlantic award before that option ceases to exist after February 13, 2012! Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.
Even after the introduction of the Chase Sapphire Reserve, the Chase Sapphire Preferred is still a fantastic choice if you want to avoid the Reserve’s $450 annual fee, earn 2x on all travel & dining and earn a 50,000 point sign up bonus.