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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.
The Chase Sapphire Preferred routinely makes the list of top travel rewards cards, in part because it earns 2 points per dollar on travel and dining expenses. Furthermore, for the past few years, Chase has offered a bonus point promotion (3 points per dollar total) for dining purchases made on the first Friday of each month. This 3x bonus promo makes it easy to maximize earnings, since it applies to gift cards as well, allowing you to effectively pre-pay for restaurants you frequent and earn more points in the process.
Unfortunately, we have confirmed with Chase that this promotion will be disappearing at the end of the year. First Friday should continue as planned on August 7, September 4, October 2, November 6, and December 4; hopefully, Chase will add a new promotion to this card in the future.
Chase made several changes to Sapphire Preferred benefits back in 2014, some of which will also go into effect at the end of this year. The extra bonus point per dollar for travel booked through Ultimate Rewards will disappear, and the card will no longer offer any 7% annual dividend on points earned throughout the year. For cardholders who had an account prior to the change, the final dividend will arrive in early 2016.
It’s always disappointing to lose card benefits and sad to see promotions end, but we’re looking forward to see what Chase has planned next.
Chase Sapphire Preferred® Card
|Intro APR||Regular APR||Annual Fee||Foreign Transaction Fee||Credit Rating|
|N/A||16.24%-23.24% Variable||Introductory Annual Fee of $0 the first year, then $95||0%||Excellent Credit|