Unlock 10% Anniversary Bonus with Sapphire
Here’s the scoop: the Chase Sapphire Preferred® Card, with its $95 annual fee, is a steal if used wisely. Why? Because it offers significant kickbacks on spending, some killer perks, and top-notch travel protection. And if you’re not convinced yet, there’s an enticing bonus waiting for those eligible folks ready to pounce.
Today, let’s chat about a standout perk of this card – the 10% anniversary points bonus. What does it offer, how can you keep tabs on it, and should you really care? Let’s get into the weeds.
How does the 10% Sapphire Preferred bonus work?
The Chase Sapphire Preferred is no slouch when it comes to rewards. We’re talking:
- 5x points on airfare, hotels, and even cruises when booked through Chase Travel
- 3x points on dining, select streaming services, and online grocery shopping
- 2x points on travel
- 1x points on everything else you splurge on
But wait, there’s more! You also score a 10% anniversary points bonus. Now, there are some puzzling bits about how it works, so let’s break it down:
- Each year on your card anniversary, you snag bonus points equal to 10% of the points from your purchases over the past year.
- This 10% bonus is only on base spending, not your sign-up or bonus category points.
- There’s no need to jump through hoops – it pops up in your account automatically after your anniversary.
Simple maths: spend $50,000 in a year, and you’ll pocket 5,000 bonus points, all for spending you were doing anyway.
How can you track the Sapphire Preferred 10% points bonus?
If you hold the Chase Sapphire Preferred, tracking this bonus is a walk in the park. Log into your account, head over to the Ultimate Rewards section, and check out the “Reward details.” You’ll find “Rewards activity” in the dropdown. Scroll your heart out until you hit the “10% anniversary points boost” section.
From there, you’ll glimpse your current and past anniversary periods along with the juicy details of the points earned. Props to Chase for not making this any more complicated.
How much does the Sapphire Preferred 10% bonus matter?
So, how much weight should the 10% bonus carry when you’re crunching the numbers? The bonus offers an extra 0.1x points across the board: 3.1x on dining, 2.1x on travel, and 1.1x on everyday expenses (though bear in mind, the extra is tacked on later).
If you’re caught in a tussle choosing between this and its flashier sibling, the Chase Sapphire Reserve, chew on this: while the Reserve has some dazzling features, the 10% anniversary bonus is exclusive to the Sapphire Preferred. This means when it comes to dining and non-bonused spending, the Preferred gets a slight edge.
Does it tip the scale? Here are a few musings:
- There are plenty of cards offering jazzier bonuses for dining or shelling out on your everyday whims, so this 10% addition doesn’t launch the Sapphire Preferred into the card stratosphere.
- Choose the Chase Sapphire Reserve if lounges, a Priority Pass membership, and 3x dining points get you excited. The $300 travel credit might soothe the sting of the higher annual fee.
- The Chase Sapphire Preferred stands its ground as a solid travel rewards card with fair fees, a reliable rewards scheme, and stellar redemption options.
I’ll be honest, look at the 10% bonus as a nifty bonus treat, rather than the lynchpin in your decision-making.
Bottom line
The Chase Sapphire Preferred remains a powerhouse pick for travelers seeking unparalleled rewards. The 10% anniversary bonus is the cherry atop this credit card sundae, rewarding cardholders 10% additional points based on their annual spend. It doesn’t set the world on fire, but it’s a sweetener that makes a good card even better.
So, what’s your take on the Chase Sapphire Preferred’s 10% anniversary bonus? Is it part of your equation or merely an afterthought?
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