My Chase Sapphire Preferred® Card 7% Annual Dividend Posted
Update: Some offers mentioned below are no longer available. View the current offers here.
If you already have the Chase Sapphire Preferred® Card or know about its benefits, you can skip this post. However, if you're looking to get in on one of the best all-around travel rewards credit cards then feel free to read on.
If you've read this blog for any period of time, you know that the Chase Sapphire Preferred® Card is one of my go-to credit cards for points. The points accrue into a central Ultimate Rewards balance that can be transferred to nine travel partners: United, British Airways, Southwest, Korean Air, Hyatt, Ritz-Carlton, Marriott, Priority Club and Amtrak. I mostly transfer to United or Hyatt and they've given me the opportunity to fly first or business class on a minute's notice, for a small cash outlay.
On top of flexible, transferrable points, it offers two points per dollar on all travel and dining, which is basically all I do. The travel bonus category includes airfare and hotels, but also rental cars, public transportation (think NYC subway, buses, rail, etc), taxis and even parking. Dining is all encompassing as well - from fast food to three-star Michelin restaurants, you get double points - plus there's no foreign transaction fees, so I always use it when traveling abroad. I even pay for my Starwood hotels abroad using the Chase Sapphire Preferred® Card, because I'd rather get 2x base points vs 2x Starwood with a 3% foreign transaction fee.
Another great perk of the card is that you get a 7% annual dividend on all the points you accrue during the year (excluding the sign-up bonus, but including all regular 2x bonus points). The 7% dividend posts with your February statement, so mine just closed last week and I noticed a nice bonus of 22,940 Ultimate Rewards points. I value my UR points at just about 2 cents a pop, so this 7% bonus is worth about $459 to me - more than making up for the $95 annual fee (which is waived the first year).
To check your annual dividend, login to ultimaterewards.com -> Rewards Activity -> Statement Summaries and it should show as an itemized lined on your February statement
Granted, I spent a lot on my card and I'm a master of paying for big dining bills and trips and then getting friends and family to reimburse me so my annual dividend is probably larger than what the average person accrues, but it is still one of the reasons why I will keep my Chase Sapphire Preferred® Card around for years to come.
Have you seen your annual dividend post to your account?
TPG featured card
Rewards
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro offer
Annual Fee
Recommended Credit
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month
Rewards Rate
| 2X miles | 2 miles per dollar on every purchase |
| 5X miles | 5 miles per dollar on flights and vacation rentals booked through Capital One Business Travel |
| 10X miles | 10 miles per dollar on hotels and rental cars booked through Capital One Business Travel |
Intro Offer
Earn 200K miles when you spend $30K in the first 3 months, and an additional 200K miles when you spend $150K in the first 6 monthsLIMITED-TIME OFFER: Earn up to 400K bonus milesAnnual Fee
$395Recommended Credit
Credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.740-850Excellent
Why We Chose It
The Capital One Venture X Business Card has all the Capital One Venture X Rewards Credit Card has to offer and more. It offers an incredible welcome bonus and requires an equally impressive spend to qualify. In addition, the card comes with premium travel perks like annual travel credit. (Partner offer)Pros
- The Capital One Venture X business card has a very lucrative welcome offer.
- In addition, the card comes with many premium travel perks such as an annual $300 credit for bookings through Capital One Business Travel.
- Business owners are also able to add employee cards for free.
Cons
- The card requires significant spending to earn the welcome offer.
- Another drawback is that the annual travel credit can only be used on bookings made through Capital One Business Travel.
- LIMITED-TIME OFFER: Earn up to 400K bonus miles: 200K miles when you spend $30K in the first 3 months, and an additional 200k miles when you spend $150k in the first 6 months
- Earn unlimited 2X miles on every purchase, everywhere—with no limits or category restrictions
- Earn 10X miles on hotels and rental cars and 5X miles on flights and vacation rentals booked through Capital One Business Travel
- With no preset spending limit, enjoy big purchasing power that adapts so you can spend more and earn more rewards
- Empower your teams to make business purchases while earning rewards on their transactions, with free employee and virtual cards. Plus, automatically sync your transaction data with your accounting software and pay your vendors with ease
- Redeem your miles on flights, hotels and more. Plus, transfer your miles to any of the 15+ travel loyalty programs
- Every year, you'll get 10,000 bonus miles after your account anniversary date. Plus, receive an annual $300 credit for bookings made through Capital One Business Travel
- Receive up to a $120 credit for Global Entry or TSA PreCheck®. Enjoy access to 1,300+ airport lounges worldwide, including Capital One Lounge locations and Priority Pass™ lounges, after enrollment
- Enjoy a $100 experience credit and other premium benefits with every hotel and vacation rental booked from the Premier Collection
- This is a pay-in-full card, so your balance is due in full every month