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?
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| 4X | Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 4X | Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year. |
| 5X | New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App. |
| 3X | Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines. |
| 2X | Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com. |
| 1X | Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases. |
Pros
- Valuable dining and food-related credits
- Flexible rewards with airline and hotel transfer partners
- Multiple travel and purchase protections
- No foreign transaction fees
- Access to Amex Offers for additional savings (enrollment required)
Cons
- Not as useful for those living outside the U.S.
- Some may have trouble using Uber and other dining credits
- You may be eligible for as high as 100,000 Membership Rewards® Points after you spend $8,000 in eligible purchases on your new Card in your first 6 months of Card Membership. Welcome offers vary and you may not be eligible for an offer. Apply to know if you’re approved and find out your exact welcome offer amount – all with no credit score impact. If you’re approved and choose to accept the Card, your score may be impacted.
- Earn 4X Membership Rewards® points per dollar spent on purchases at restaurants worldwide, on up to $50,000 in purchases per calendar year, then 1X points for the rest of the year.
- Earn 4X Membership Rewards® points per dollar spent at US supermarkets, on up to $25,000 in purchases per calendar year, then 1X points for the rest of the year.
- New! Earn 5X Membership Rewards® points on prepaid hotel stays booked through AmexTravel.com or the Amex Travel App.
- Earn 3X Membership Rewards® points on flights booked through AmexTravel.com, the Amex Travel App, or purchased directly from airlines.
- Earn 2X Membership Rewards® points on prepaid car rentals booked through AmexTravel.com or the Amex Travel App and cruises booked and paid through AmexTravel.com.
- Earn 1X Membership Rewards® point per dollar spent on all other eligible purchases.
- Pay It® lets you tap in the American Express® App to quickly pay for small purchase amounts throughout the month and still earn rewards the way you usually do. Plan It® gives you the option to split up big purchases into equal monthly payments with a fixed fee. You’ll know upfront exactly how much you’ll pay.
- Updated! $120 Dining Credit: Earn up to a total of $10 in statement credits monthly when you pay with the Gold Card at Grubhub (including Seamless), Buffalo Wild Wings, Five Guys, The Cheesecake Factory, and Wonder. This can be an annual savings of up to $120. Enrollment required.
- $100 Resy Credit: Get up to $100 in statement credits each calendar year at over 10,000 qualifying U.S. Resy restaurants after you pay for eligible purchases with the American Express® Gold Card. That’s up to $50 in statement credits semi-annually. Enrollment required.
- $84 Dunkin' Credit: Earn up to $7 in monthly statement credits after you pay with the American Express® Gold Card at U.S. Dunkin’ locations. Enrollment required.
- $120 Uber Cash on Gold: Enjoy up to $120 in Uber Cash annually with your Gold Card. Just add your Card to your Uber account and you'll get $10 in Uber Cash each month to use on orders and rides in the U.S. when you select an Amex Card for your transaction.
- New! As an American Express® Gold Card Member, you can enjoy complimentary Hertz Five Star® Status. Enjoy benefits like skipping the counter at select locations, adding an additional driver at no additional cost*, and vehicle upgrades**. Benefit enrollment and Hertz Gold+ registration are required. *Additional drivers must meet standard rental qualifications and must be a spouse or domestic partner to qualify as complimentary. Other additional drivers subject to fees. **Benefits are subject to availability and vary by location. Additional Hertz program Terms and Conditions including age restrictions apply.
- Take advantage of a $100 credit towards eligible charges* at over 1,300 upscale hotels worldwide when you book The Hotel Collection through AmexTravel.com or the Amex Travel App **. *Eligible charges vary by property. **The Hotel Collection requires a two-night minimum stay.
- Book your travel through the Amex Travel App with added peace of mind – backed by American Express® service and support. Only for American Express® Card Members.
- Whenever you need us, we're here. Our Member Services team will ensure you are taken care of. From lost Card replacement to statement questions, we are available to help 24/7.
- No Foreign Transaction Fees.
- Annual Fee is $325.
- Terms Apply.