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The Chase Sapphire Preferred Anniversary Bonus is a great way to boost your rewards earnings. You can earn a 25%-50% bonus on your existing points when you redeem them for travel through Chase Ultimate Rewards.
To be eligible for the bonus, you must have had your account for at least one year. This is a common requirement for anniversary bonuses, and it's a good incentive to keep your account active.
The bonus is also only available when you redeem your points for travel, not for other rewards like gift cards or cash back. This is a key detail to keep in mind when planning your rewards strategy.
Benefits
The Chase Sapphire Preferred anniversary bonus is a great way to boost your points earnings. You earn a 10% points bonus on your spending for the year.
This bonus is calculated on your total spend from purchases made with your credit card during the previous account anniversary year. At a rate of 1 point for each $1 spent, you'll earn bonus points that equal 10% of your total spend.
The 10% bonus is a nice surprise to look forward to every year.
Earning and Rewards
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The Chase Sapphire Preferred anniversary bonus is a great way to boost your rewards, and it all starts with how you earn points. You earn Chase Ultimate Rewards points on your purchases, with a variety of multipliers to take advantage of.
The spending multipliers on the Chase Sapphire Preferred are quite competitive, especially compared to its bigger brother. Here's a breakdown of the multipliers: 5x on travel through Chase Travel Portal excluding the $50 Annual Hotel Credit3x on dining & online grocery (excluding wholesale clubs like Target & Walmart)3x on streaming services2x on travel purchases1x on everything else
One of the best perks of the Chase Sapphire Preferred is the 10% anniversary points bonus. This bonus rewards your loyalty with a 10% points bonus on your spending for the year. You'll earn bonus points that equal 10% of your total spend from purchases made with your credit card during the previous account anniversary year at a rate of 1 point for each $1 spent.
About the Card
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The Chase Sapphire Preferred is a popular credit card among travelers and foodies alike. It offers a 60,000-point bonus after spending $4,000 in the first 3 months.
This card has a $95 annual fee, which is waived for the first year. It's a small price to pay for the rewards and benefits you'll get.
$50 Hotel Credit
The $50 Hotel Credit is a great perk that comes with this card, and it's surprisingly easy to use. You'll get this credit after your first anniversary of opening the card, which is a nice bonus.
To apply the credit, simply book your hotel stays through the Chase Travel Portal. This makes it super convenient and accessible.
The credit effectively reduces your annual fee to $45 at most, as long as you can see yourself staying at least one night per year. This shouldn't be a problem if you're a frequent traveler.
One thing to keep in mind is that the credit excludes you from earning Chase UR points, but you can still earn points for the remainder of your bill. For example, if you stay at a hotel costing $60 for a single night, you'll only get points from the remainder $10 spend.
About Chase Sapphire Preferred
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The Chase Sapphire Preferred is a solid choice for anyone looking to earn rewards on their everyday purchases. It's a popular card among travelers and foodies alike.
One of the key benefits of the Chase Sapphire Preferred is its bonus categories, which offer a significant boost to your earning potential. You can earn 5 points per dollar on travel purchased through Chase Travel℠, 5 points per dollar on Lyft purchases until March 2025, 3 points per dollar on dining, 3 points per dollar on select streaming services, 2 points per dollar on all other travel purchases, and 1 point per dollar on all other eligible purchases.
The card also offers a 10% anniversary bonus, which may seem like a lot at first, but it's actually a bit more nuanced. Instead of earning 10% back on your points, you'll earn 10% more points based on the dollars you spend during your account anniversary.
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Here's a breakdown of the earning rates with the 10% bonus:
- 5.1 points per dollar on Lyft purchases (through March 2025)
- 3.1 points per dollar on dining
- 2.1 points per dollar on other travel purchases
- 1.1 points per dollar on all other eligible purchases
It's worth noting that the 10% bonus may not seem like a huge difference, but it can add up to a significant number of bonus points at the end of your cardmember year.
The Terms
The Sapphire Preferred 10% anniversary bonus is calculated from your card sign up anniversary, and every 12 months from that date.
This means that if you signed up on May 11th, that is your account anniversary, and every May 11th from then on marks the start of a new year for the 10% anniversary bonus.
It can take up to 2-3 billing cycles after each account anniversary date for points to post, so be patient and keep an eye on your Chase Ultimate Rewards portal for updates on your points earnings.
You can find all the information on your dates and points earned in the Chase Ultimate Rewards portal, making it easy to stay on top of your bonus rewards.
Expert Insights
The Chase Sapphire Preferred anniversary bonus is a great perk for cardholders. It's a 10% bonus on the points earned in the first year, which can add up to a significant amount.
To be eligible for the bonus, you need to have the Chase Sapphire Preferred card for at least 12 months. This means you'll receive the bonus on your first anniversary of opening the account.
The bonus points are calculated based on the points earned in the first year, not the total points earned. This means you can earn points through everyday purchases, travel, and other qualifying activities.
Receiving the anniversary bonus can be a nice surprise, especially if you've been using your card responsibly and earning points consistently.
Conclusion
The Chase Sapphire Preferred Anniversary Bonus is a great way to boost your rewards earnings, and it's essential to understand the terms and conditions to make the most of it. As we've seen, the bonus is 10,000 points after spending $4,000 in the first 3 months.
To put this into perspective, with the Chase Sapphire Preferred's 2X points on travel and dining, you can earn a significant amount of points in a short period. For example, dining purchases can earn you 2 points per dollar spent, and with the average American spending around $600 per month on dining, you can reach the $4,000 threshold quickly.
The bonus points can be redeemed for travel through Chase Ultimate Rewards, which offers a 25% points bonus when redeemed for travel. This means that 10,000 points can be worth up to $125 in travel value.
Frequently Asked Questions
What is the 100000 bonus on Chase Sapphire?
To earn the 100,000 bonus on the Chase Sapphire, spend $4,000 in the first 3 months and $20,000 in the first 12 months. This bonus is broken down into 75,000 points after 3 months and 25,000 points after 12 months.
Sources
- https://travel-on-points.com/sapphire-preferred-10-anniversary-bonus/
- https://sealthedealtravels.com/blog/review-chase-sapphire-preferred-2022/
- https://thepointsguy.com/news/10-percent-anniversary-bonus-chase-sapphire-preferred/
- https://www.credit-land.com/news/how-does-10-anniversary-points-bonus-from-chase-sapphire-preferred-work.php
- https://www.linkedin.com/posts/the-points-guy_chase-sapphire-preferred-10-anniversary-activity-7193331665312661504-fDsA
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