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Questions about Ultimate Rewards 7% annual bonus, awarded in February [Consolidated]

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Old Jan 19, 2014, 3:09 pm
FlyerTalk Forums Expert How-Tos and Guides
Last edit by: mia
You'll receive a 7% Annual Points Dividend on all new points earned on purchases made with your Chase Sapphire Preferred card during the previous year. ("Year" means, for your first year as a cardmember, the period beginning with your Enrollment Date through your billing cycle with a December closing date of that same year. For each year thereafter, "Year" means the twelve billing cycle period beginning the day after your billing cycle with a December closing date through your billing cycle with a December closing date of the next year.) Your 7% Annual Points Dividend will appear on your January or February billing statement. You will not earn the 7% Annual Points Dividend on new account bonus points, previous Annual Points Dividends awarded, or points transferred into your account. There is no maximum number of points that you can accumulate in the program. Bonus/Promotional offers may have a maximum accumulation. See Rewards Program Rules and Regulations which will be mailed after your account is established.
Even though the terms specify that the 7% Dividend will be awarded on the January or February statement, this has been pushed forward to March in 2014 for some accounts. See discussion beginning at post 206.
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Questions about Ultimate Rewards 7% annual bonus, awarded in February [Consolidated]

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Old Jan 27, 2012, 9:02 am
  #16  
 
Join Date: Oct 2009
Posts: 212
Has anyone gotten the 7% end of year bonus? Looks like a lot of these should hit soon, if they haven't already...
teege is offline  
Old Jan 28, 2012, 3:26 pm
  #17  
 
Join Date: May 2011
Programs: AA, Delta, Continental, Emirates, BA, Virgin Atlantic, US Airways
Posts: 194
Question on annual bonus

Originally Posted by aviator33
Automatically get a 7% Annual Points Dividend on all the points you've earned throughout the year – even if you've redeemed them. The more points you earn, the greater your year-end bonus.
Does anyone know what is the 7% bonus applied on? I got a 100K bonus UR points for sign up last year and spent an additional 15K. Will the 7% bonus be on 115K or on 15K?
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Old Jan 28, 2012, 3:33 pm
  #18  
 
Join Date: Dec 2009
Programs: Hilton Diamond Hyatt Globalist
Posts: 1,180
Originally Posted by floyd777
Does anyone know what is the 7% bonus applied on? I got a 100K bonus UR points for sign up last year and spent an additional 15K. Will the 7% bonus be on 115K or on 15K?
115k
sfgiants13 is online now  
Old Jan 28, 2012, 7:09 pm
  #19  
 
Join Date: Oct 2006
Location: Okinawa
Posts: 2,611
My January statement posted and still no 7% bonus. Maybe February?
The_Wrath_of_Khan is offline  
Old Jan 29, 2012, 8:20 am
  #20  
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Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,038
Originally Posted by keirnna
My January statement posted and still no 7% bonus. Maybe February?
Did you originally get the card in January of 2011?

I think the year is by YOUR anniversary, not a calendar year.
josephstern is online now  
Old Feb 2, 2012, 9:15 am
  #21  
 
Join Date: May 2000
Location: Naples, Florida
Posts: 7,419
You will receive a yearly bonus of 7% of all points you earned in the previous Year.

I found this:

"....You will receive a yearly bonus of 7% of all points you earned in the previous Year....."

My wife got the 7% .... she did spent some $$$ in 2012.
I did not get (yet) the 7%. I did NOT spent any $$$ in 2012. Question: Do I have to spent some $$$ in 2012, or just wait for the next closing in February 2012?
USAFAN is offline  
Old Feb 2, 2012, 1:42 pm
  #22  
 
Join Date: Jun 2011
Location: SFO and SNA/LAX
Programs: JL JMB Diamond 1.4 MM, UA 1P 1.2 MM
Posts: 238
Originally Posted by USAFAN
I found this:

"....You will receive a yearly bonus of 7% of all points you earned in the previous Year....."

My wife got the 7% .... she did spent some $$$ in 2012.
I did not get (yet) the 7%. I did NOT spent any $$$ in 2012. Question: Do I have to spent some $$$ in 2012, or just wait for the next closing in February 2012?
I think you just need to wait till your next statement closes. My wife's statement just closed and she got a big jump in points even though she didn't spend much in Jan. I have to assume it is the 7% bonus.
Goosh is offline  
Old Feb 2, 2012, 2:05 pm
  #23  
 
Join Date: May 2000
Location: Naples, Florida
Posts: 7,419
Originally Posted by Goosh
I think you just need to wait till your next statement closes. My wife's statement just closed and she got a big jump in points even though she didn't spend much in Jan. I have to assume it is the 7% bonus.
Thanks Goosh:
I believe you are correct! Anyway: I had not spend anything on Jan. 2012, so I just paid a little to my Chase Sapphire account.
USAFAN is offline  
Old Feb 2, 2012, 3:11 pm
  #24  
 
Join Date: Jun 2010
Location: New Orleans, LA
Programs: DL PM, AA Gold, A3 Gold, WN CP, and lots of points everywhere.
Posts: 344
From an email I received moments ago from Chase:

7% Annual Points Dividend earned: 7,xxx points

Your 7% annual points dividend has posted to your account and can be viewed on your January or February 2012 statements.
Yep, 7k+. That means those that were as lucky as I was to bump from 50k to 100k will get 7% on the entire points earned.

Also, just checked and I did not have a statement in mid-January as I hadn't spent anything in that period. The points are not showing yet in my account but very nice to see written confirmation.
msp2msy is offline  
Old Feb 2, 2012, 3:23 pm
  #25  
 
Join Date: Mar 2011
Posts: 349
Originally Posted by msp2msy
From an email I received moments ago from Chase:



Yep, 7k+. That means those that were as lucky as I was to bump from 50k to 100k will get 7% on the entire points earned.

Also, just checked and I did not have a statement in mid-January as I hadn't spent anything in that period. The points are not showing yet in my account but very nice to see written confirmation.
You will not get the 7% on the 50k bump, I can confirm this. The 50k bump shows up as an adjustment, while the 50K after $3000 shows up as an bonus, entirely different.
superking is offline  
Old Feb 2, 2012, 3:25 pm
  #26  
 
Join Date: Mar 2011
Posts: 349
Originally Posted by floyd777
Does anyone know what is the 7% bonus applied on? I got a 100K bonus UR points for sign up last year and spent an additional 15K. Will the 7% bonus be on 115K or on 15K?
Originally Posted by sfgiants13
115k


65k, read my prior post
superking is offline  
Old Feb 2, 2012, 3:58 pm
  #27  
 
Join Date: Aug 2010
Posts: 149
Originally Posted by superking
You will not get the 7% on the 50k bump, I can confirm this. The 50k bump shows up as an adjustment, while the 50K after $3000 shows up as an bonus, entirely different.
I can confirm no points on bump. I just got an email telling me my 7% bonus equates to 3,877 points, which is 7% of 55,385 points. That 55,385 reflects my base 50k bonus for signing up + approx $5k in 2012 spend, and does not include the extra 50k pts from bump the bonus.
mberlew is offline  
Old Feb 2, 2012, 5:16 pm
  #28  
 
Join Date: Jun 2010
Location: New Orleans, LA
Programs: DL PM, AA Gold, A3 Gold, WN CP, and lots of points everywhere.
Posts: 344
Originally Posted by mberlew
I can confirm no points on bump. I just got an email telling me my 7% bonus equates to 3,877 points, which is 7% of 55,385 points. That 55,385 reflects my base 50k bonus for signing up + approx $5k in 2012 spend, and does not include the extra 50k pts from bump the bonus.
My email is very clear that my 7% dividend appears to be applying to bonus+bump+spend. Trust me, there's no way I accidentally earned 50k Ultimate Rewards from spending that I don't remember.

So, it seems that we are having different experiences. Not totally unexpected given the bump process.

Originally Posted by superking
You will not get the 7% on the 50k bump, I can confirm this. The 50k bump shows up as an adjustment, while the 50K after $3000 shows up as an bonus, entirely different.
Unless you got an email showing 7% on bump+bonus+spend (as I did) and then did not actually get the 7% on the bump, I wouldn't be so fast to jump to that conclusion.

See the quote above and the differing treatment between me and mberlew.

Nonetheless, it's only 3500 points we talking about here. It's nothing I'm going to get on the phone with Chase about if I don't get it.
msp2msy is offline  
Old Feb 2, 2012, 5:28 pm
  #29  
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Join Date: Jul 2006
Location: Upper Sternistan
Posts: 10,038
Originally Posted by Daggett76
It seems I also received the dividend on the points I transferred from my Chase Freedom card. Nice!
This is very intriguing. I moved some points to my wife's account as a test, but it was year, so that won't tell me anything anytime soon.

Anyone transfer points between accounts last year?
josephstern is online now  
Old Feb 2, 2012, 5:43 pm
  #30  
 
Join Date: May 2011
Programs: CX Silver
Posts: 88
Originally Posted by mberlew
I can confirm no points on bump. I just got an email telling me my 7% bonus equates to 3,877 points, which is 7% of 55,385 points. That 55,385 reflects my base 50k bonus for signing up + approx $5k in 2012 spend, and does not include the extra 50k pts from bump the bonus.
Wrong. My dividend is 7,717, which is including the 50K bump I got.
tchen811 is offline  


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