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Use Your Chase Sapphire Preferred to Pay a Bill and Get $5 Statement Credit

May 09, 2019
2 min read
Use Your Chase Sapphire Preferred to Pay a Bill and Get $5 Statement Credit
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Update: Some offers mentioned below are no longer available. View the current offers here.

Here's a quick way to save a few bucks: Chase has sent out what appear to be targeted emails for select cardholders to earn a $5 statement credit after making a bill payment.

I received the offer on my Chase Sapphire Preferred card (via email) although no other TPG staffers saw the deal on any of their cards, so it appears to be a targeted offer.

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I'll earn a $5 statement credit after paying a utility, insurance, phone or cable bill with my Sapphire Card Preferred. I just have to pay one of these bills between May 13 and July 31, 2019. It may take eight weeks for the credit to show on your statement.

While it's a small offer of just $5, it's nice to see Chase offering credits for something that many people do already. Hopefully the issuer continues to send out these promos.

It complements Chase's recently launched Chase Offers program, which provides cash back after swiping your card at participating retailers (and can still be stacked with shopping portals). We've seen savings at popular merchants like Starbucks, Airbnb, and Hyatt with the program.

If you don't already have the Sapphire Preferred, the card recently increased its sign-up bonus to 60,000 Ultimate Rewards points after spending $4,000 in the first three months.

Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.