I received my February statement a little while back and it had a big bonus on it! The Chase Sapphire Preferred is one of my favorite cards due to the 2X earnings on Dining and Travel, nice 40K sign on bonus, and almost as importantly access to the Ultimate Rewards shopping mall. You can access my full review of the Chase Sapphire Preferred card here.
The feature that got me this 38,198 bonus on this month’s statement was the 7% annual dividend on all points earned! This meant a bonus on all of my earnings on this card for the last year including my 264,000 UR point Sears bonanza and shopping for 25,000 UR points along with 189,000 Southwest points. When you add that onto the normal spend I had on the card and all the other Ultimate Rewards Mall shopping I did, it really adds up! I have the Chase Ink Bold card as well, but if there is the same earnings on the merchant at the Ultimate Rewards Mall, I always use my Chase Sapphire Preferred to log into Chase’s site so I can take advantage of the 7% bonus.
Get your Chase Sapphire Preferred so you can get a great bonus next year and a 40,000 point sign on bonus now!
Edit: I just saw over at the awesome Frequent Miler site that it is now possible to get a 10% bonus with the Chase Freedom card if you also have a Chase Checking account. I will be looking into this because an extra 3% would have been an extra 16K points in my case for last year!