Note: Some of the offers mentioned below may have changed or are no longer be available. You can view current offers here.

The Chase Sapphire Preferred will offer three Ultimate Rewards per dollar on dining expenses on the first Friday of each month until the end of 2013. Those are some nice free points.

As an award booker, I love Ultimate Rewards for their flexibility. Ultimate Rewards can be transferred 1:1 to United, Southwest, British Airways, Korean, Virgin Atlantic, Hyatt, Amtrak, and many more.

I eat out a lot, and especially on Friday nights (and especially on First Fridays when I am in Honolulu!), so this deal will be great for me. I also notice that most of my bar spending is coded as dining by the Chase Sapphire Preferred, so it will earn 3x points on First Fridays also.

But in the scheme of things this promotion is unlikely to earn you more than 1,000 Ultimate Rewards, so it doesn’t make a huge difference to the value of the Chase Sapphire Preferred. In fact, I can think of 10 better reasons to get the card.

  1. 40,000 Ultimate Rewards sign up bonus after spending $3,000 in three months
  2. 2 Ultimate Rewards per dollar on dining every day
  3. 2 Ultimate Rewards per dollar on travel every day. Travel includes flights, hotels, tolls, taxis, parking, and more.
  4. Instant transferability of points means you can put an award on hold before making a transfer.
  5. Customer service human being picks up immediately when you dial the number on the back of the card
  6. No foreign transaction fees
  7. The heaviness of the card will impress clerks and your friends. 😉
  8. Visa Signature Concierge Service Access
  9. Annual fee waived the first year
  10. The card is a Visa, so it is accepted basically everywhere that accepts credit cards.

This promo is a nice way to earn a few extra points from the king of personal credit cards, and another incremental improvement to the Sapphire Preferred.

Full terms and conditions:

First Friday Reward Bonus: You will earn an additional 1 bonus point for each $1 of net purchases made with your credit card in the dining category – when you use your card at restaurants on May 3, June 7, July 5, August 2, September 6, October 4, November 1, and December 6, 2013 before midnight in the time zone where the purchase is made. The bonus point earned is in addition to the standard two points earned in the dining category for a total of 3 points, which may be stated in marketing material as 3X in dining – when you use your card at restaurants. Merchants who accept Visa/MasterCard credit cards are assigned a merchant code based on the kinds of products and services they sell. Chase groups similar merchant codes into categories for purposes of making rewards offers to you. Chase makes every effort to include all relevant merchant codes in its listed categories. However, even though a merchant or the items that it sells may appear to fit within a listed category, the merchant may not have a merchant code that falls within that category. Therefore, purchases with that merchant will not qualify for the stated rewards offer on category purchases. Please allow 6 to 8 weeks after qualifying transactions for bonus point to post to your account. There is no maximum bonus point accumulation for this promotional offer. Credit card product changes during the promotional period will forfeit this bonus offer. To qualify for this promotional offer, account must be open and not in default at the time of fulfillment. This promotional offer is non-transferable. This is a limited time offer. For more information about Chase rewards categories, see www.Chase.com/RewardsFAQs or your Rewards Program Rules and Regulations.

Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.

Just getting started in the world of points and miles? The Chase Sapphire Preferred is the best card for you to start with.

With a bonus of 80,000 points after $4,000 spend in the first 3 months and 2x points earned on dining and travel spend, this card truly cannot be beat for getting started!


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