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Today and on every first Friday of every month you will earn triple points with your Chase Chase Sapphire Preferred® Card® Card on all dining purchases. Normally you earn 2.14 points per dollar on dining, airfare, hotel stays, and car rentals.
Together with the 7% annual dividend that means 3.21 points per dollar. For example if you spend $100 in any restaurant you’ll get 300 points on your next statement plus 21 additional points as part of your annual dividend.
Dining on the Chase Sapphire Preferred® Card includes all sit-down restaurants, fast food, coffee shops, catering, bars, lounges, and more.
However through June 30th you can earn 5 points per dollar when eating out with your Chase Freedom card, so if you aren’t going to max out the $1,500 in quarterly spending at Lowe’s you’ll be better off using Freedom at restaurants. That bonus is bumped up to 5.5 points per dollar if you have or will open a Chase checking account in 2014.
Don’t want to eat out today? Ask your favorite eatery if they sell gift cards or will allow you to have a credit balance in your name and lock bonus points by purchasing them today!
An exception will be if you are catering an event. You’ll likely blow past the $1,500 limit on the Freedom bonus, but the Sapphire bonus has no limit, so consider putting $1,500 on Freedom and the remainder on Chase Sapphire Preferred® Card today to take advantage of the first friday bonus.
Another exception will be if you are located outside of the USA. The Freedom card has a 3% foreign transaction fee, but the Chase Sapphire Preferred® Card does not charge any foreign transaction fees. (That also makes it the best card for car rentals when abroad: 2.14 points per dollar, free primary CDW insurance in every country in the world with no deductible, and no foreign use fees).
While Freedom points can’t be transferred into lucrative airline miles or hotel/train points that are worth far more than 1% cash back, if you or your spouse has a Chase Sapphire Preferred® Card, Ink Bold, or Ink Plus card you can transfer points from Freedom to one of those cards and from there to an airline, hotel, or train program.
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13 Comments On "Chase Freedom Earns More Than Chase Sapphire Preferred® Card At Restaurants On This “First Friday”"
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Dan!! Seriously?? This is ridiculous.. It’s killing me that you’re encouraging people to spend money so you benefit..
STOP!
@Ricky:
Believe it or not, people have bar mitzvahs and weddings to pay for. My brother gets married in a few weeks.
And shockingly enough, people will eat out without me reminding them to eat out.
Why shouldn’t they maximize the rewards for that? And how do I benefit by them spending money or not?
@Ricky I must have read the post wrong reading what u wrote. Care to explain how Dan benefits here?
@abraham:
I do get compensated from advertisers like credit card companies, but that’s definitely not based on how much money people spend 😉
Too funny. No idea how this could be construed as encouraging people to spend money. More like if you are going to spend it, get the most benefit.
Another exception will be if you are located outside of the USA. The Freedom card has a 3% foreign transaction fee, but the Sapphire Preferred card does not charge any foreign transaction fees. (That also makes it the best card for car rentals when abroad: 2.14 points per dollar, free primary CDW insurance in every country in the world with no deductible, and no foreign use fees).
Dan don’t you mean its the best card to use abroad AND USA as even in the USA you get 2.14 points which is not the case with United Mileage Explorer
also if you spend at Dunkin Donuts- free doughnut day! (with purchase of any drink)
if one would signup for an amex or chase and just buy refundable tickets/hotels and that will trigger the bounus points then return and cancel card, will they take back points?
@anonymous?
assur?
unethical?
pls go back to the same cave you are coming from.
This is not a place for unethical people!
@Anonymous
My understanding of why the MP Explorer is better for US rentals is that it covers *primary* insurance as well (even though the points/miles earning is less)… This means it will not ding your regular insurance in case of a claim, which would save you huge amounts of money in the long run.
I would appreciate some help please
I accidently purchased from cvs two $500 vanilla visa gift cards instead of the reloadable ones. I intended to load them onto my bb account and pay my cc bill with the money. Now I am unable to do that and also I was unable to load onto my bb account from the Walmart store, I think because these gift cards basically work as credit cards and you’re supposed to sign for them. Any advice?
Do I keep the points from the saphire preferred ( and transfered points from the freedom) if i cancel within 1st year? and also does it hurt credit score if you cancel to get out of the annual fee?