Update: Sapphire Preferred sign-up bonus offer is now reduced to 40,000 points.
Back in September I blogged that Chase had confirmed to me that the Sapphire Preferred 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 Sapphire Preferred). 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!