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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 April 2013, Chase announced that Sapphire and Sapphire Preferred cardholders would earn 3X points per $1 on dining purchases on the first Friday of every month through 2013. However, now that it’s the first Friday of 2014, it looks like that benefit has been extended through 2014 as well per the Chase Sapphire Dining Rewards page and the First Friday Facebook page.

Screen shot 2014-01-03 at 11.08.47 AMThe bonus works at any restaurant you’d normally earn 2X points at – so internationally as well as within the US, and if you have the Sapphire Preferred, you’re actually earning 3.21X points per $1 factoring in the annual 7% points dividend.

The Sapphire card earns Ultimate Rewards points that can just be used towards cash back or redeemed for travel at 1 cent apiece, but if you have the Sapphire Preferred or either the Ink Bold or Ink Plus cards, you can transfer your Ultimate Rewards points to one of the program’s travel transfer partners including: British Airways, Korean Air, Southwest, United, Virgin Atlantic, Hyatt, Marriott, Priority Club, Ritz-Carlton and Amtrak.

Although the promotion is part of Chase Sapphire’s partnership with OpenTable, you don’t actually have to book through OpenTable in order to earn the 3X points, it can be at any restaurant. However, by booking through OpenTable, you have a chance to triple dip with OpenTable Rewards and earn an additional 1% back in the form of future dining credit. If you do a little research and use OpenTable to book a restaurant in your airline’s dining rewards network and then pay with your Sapphire or Sapphire Preferred, this could be a really lucrative promotion and a great way to maximize earning points on dining.

Remember, you just have to make your charge by 11:59pm in the time zone in which you are dining for your spend to count. Even if you don’t have big plans for the first Friday, another potentially lucrative strategy could be to stop by restaurants you know you’ll be frequenting in the future and buying gift cards or certificates for future use. Also, I’ve noticed that some of my favorite bars and nightclubs in Miami are actually coded as restaurants in the merchant category on my Sapphire Preferred statements, so you can potentially be earning bonus points on a lot more than meals today.

For reference, here are the rest of the first Fridays in 2014:

January 3
February 7
March 7
April 4
May 2
June 6
July 4
August 1
September 5
October 3
November 7
December 5

Bon appetit!

Chase Sapphire Preferred® Card

With great transfer partners like United and Hyatt, 2x points on travel & dining and a 50,000 point sign up bonus, the Chase Sapphire Preferred is a great card for those looking to get into the points and miles game.

Apply Now
More Things to Know
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR on Purchases
N/A
Regular APR
16.49% - 23.49% Variable
Annual Fee
Introductory Annual Fee of $0 the first year, then $95
Balance Transfer Fee
5.00%
Recommended Credit
Excellent Credit

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