Great news for the Sapphire Preferred users! It hasn’t really been announced but the great folks on FlyerTalk found out that Chase will be giving bonus points for certain categories using this new card. Here is the actual verbiage from the Benefits Guide.
With Chase Sapphire Preferred, no purchase goes unrewarded. Whether you’re buying everyday household items, dining out or even paying your phone or cable bill, using your card maximizes your point earning, with:
• 2 points per dollar spent on dining – from quick serve restaurants to fine dining
• 2 points per dollar spent when you purchase flights, hotel accommodations, car rentals, timeshares, and more
• 1 additional point per dollar spent when you book airfare or hotel accommodations online through Ultimate Rewards with your Chase Sapphire Preferred card
• Plus, 1 point per dollar spent on all other purchases
Here is the link to the actual Benefits Guide: http://goo.gl/91uk1
It’s pretty self-explanatory. 2x UR points on any purchase in the very broad Dining category – from McDonalds to The Capital Grille and even caterers. 2x UR points on a lot of Travel categories. This pretty much turns into your go-to card for everything.
PRO TIP: This is what I have been doing to ensure merchants categorize themselves correctly. It may be a bit of a hassle but for large purchases (e.g. the caterer for my upcoming wedding), but it is worth it to know if you will get the bonus points. I ask the vendor what Merchant Cateogry Code (or MCC) they are listed under via the IRS. I then go here and cross reference that code. More often than not, smaller merchants will miscategorize themselves for whatever reason so don’t assume! Make sure you’ll get your bonus points!
In case you want to apply for one of the better all around credit cards out right now, here is a link through The Points Guy who is pretty much THE source for all travel hacking. The current offer is 50,000 points after $3,000 spend within the first 3 months.
Can’t wait for what else Chase has in store for us to take more jabs at AmEx.