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The sign-up offer for the Chase Sapphire Preferred card has been increased from 40,000 to 50,000 points after $4,000 spent within the first three months. You can earn an additional 5,000 points when you add an authorized user and make a purchase within the first 3 months as well.
Update: As of July 20, 2014, the Chase Sapphire Preferred Card no longer offers the 7% annual points dividend.
The Chase Freedom card is tied into a program called Exclusives, which gives a 10% bonus on all points earned throughout a year (including the 5X bonus points) to customers who have both the Freedom card and a Chase checking account.
TPG reader Nick asked “does the Sapphire Preferred get a 10% customer bonus like the Freedom in addition to or in lieu of the 7% annual dividend.”
The answer is no; there is no Exclusives offer for the Chase Sapphire Preferred, but as Nick mentioned, you do get a 7% annual dividend on all the points you earn within a year.
A couple people tweeted me this week, worried because Chase has removed that 7% dividend from its marketing bullets for the Sapphire Preferred, but that doesn’t mean the offer is no longer available. I reached out to my contacts at Chase, and they assured me that the annual 7% dividend is still available, it’s just not one of the key benefits that they’re marketing at this time. So don’t worry, it’s not going away as far as I know.
Personally I have both the Freedom and Sapphire Preferred cards. You can leverage both the Exclusives and the 5X categories on Freedom, as well as the 2X points on dining and the 7% dividend on Sapphire. Then you can combine all of your Ultimate Rewards points, so those Freedom points (which are generally cash back) can be merged and then transferred to any of the 11 Chase Ultimate Rewards transfer partners.