Jan 19, 2014, 3:09 pm
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.
Questions about Ultimate Rewards 7% annual bonus, awarded in February [Consolidated]
May 15, 2012, 8:02 am
#61
Join Date: Nov 2008
Location: Dallas, TX
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Good to hear that confirmation. Thanks!
Sooooooo...... if you transfer points back and forth many many times, I wonder if each transfer is counted as "earn" and thus qualifies for the 7% dividend???
For instance,
50k transfer to and from your SP account each day would "earn" you slightly over 18m points. A 7% dividend on that would be more than 1m points. This could be good
I guess it would all depend on whether points transfers are monitored and whether the 7% dividend is manually or automatically added. Thoughts?
Sooooooo...... if you transfer points back and forth many many times, I wonder if each transfer is counted as "earn" and thus qualifies for the 7% dividend???
For instance,
50k transfer to and from your SP account each day would "earn" you slightly over 18m points. A 7% dividend on that would be more than 1m points. This could be good
I guess it would all depend on whether points transfers are monitored and whether the 7% dividend is manually or automatically added. Thoughts?
May 15, 2012, 8:19 am
#62
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Join Date: Jun 2003
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Discussion of 7% year-end bonus has been merged into primary Sapphire Preferred thread. Scroll back to December 2011 / January 2012 for ample reports of what does (or not) qualify.
May 15, 2012, 9:54 am
#63
Join Date: Nov 2008
Location: Dallas, TX
Programs: AA EXP, Marriott LT Titanium, Avis Chairman
Posts: 1,286
Post 584 which confirmed transfers from Freedom do count as "earn"
Post 643 which asked the question if transferred points count as "earn"
Other than that, I didn't see any such discussion.
I just did my own little transfer of points today from my SP to my Fr and then back again. Everything went smoothly. I'm thinking of doing this every day and then seeing if the points post at the end of the year. Seems like a lot of work to do for something that is unconfirmed, but I'll try it anyway. It also means that I'll be stuck paying for the annual fee for the SP (I wasn't planning on keeping it) but it's worth it for the prospect of 1m UR points.
Aside: I'm really surprised there hasn't been more discussion around this. Maybe it's kept underground...
I guess my real questions are:
Are point transfers between account monitored?
Is the year end dividend posted automatically or manually?
If anyone has any insight into this, I'd appreciate it.
Last edited by mia; May 15, 2012 at 10:25 am Reason: Add link to post 584
May 15, 2012, 10:24 am
#64
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I have moved ramalama8's thread into one I had created earlier using the relevant posts which I thought were still in this thread. Sorry for the confusion.
May 15, 2012, 10:34 am
#65
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Transfers are recorded as adjustments, not as earned points. Chase may pay the 7% bonus on a net positive adjustment for the year (e.g. transfers from Freedom to Sapphire), but churning in and out would be irrelevant.
May 15, 2012, 12:11 pm
#66
Join Date: Nov 2008
Location: Dallas, TX
Programs: AA EXP, Marriott LT Titanium, Avis Chairman
Posts: 1,286
I have moved ramalama8's thread into one I had created earlier using the relevant posts which I thought were still in this thread. Sorry for the confusion.
Are you sure??? How do you know? When I go to my UR account, I see three categories on the left hand side under the heading of "Current Statement Summary" - Adjustments, Redemptions and Transfers. Are you sure that all "earn" isn't classified as an "adjustment?"
May 15, 2012, 3:54 pm
#67
Join Date: May 2011
Posts: 110
No worries. Thanks for keeping all of this together.
Are you sure??? How do you know? When I go to my UR account, I see three categories on the left hand side under the heading of "Current Statement Summary" - Adjustments, Redemptions and Transfers. Are you sure that all "earn" isn't classified as an "adjustment?"
Are you sure??? How do you know? When I go to my UR account, I see three categories on the left hand side under the heading of "Current Statement Summary" - Adjustments, Redemptions and Transfers. Are you sure that all "earn" isn't classified as an "adjustment?"
Oct 25, 2012, 12:58 pm
#68
Join Date: Jul 2011
Posts: 1,114
Which transactions earn Sapphire Preferred 7% bonus?
Which Sapphire Preferred transactions earn end of the year 7% bonus?
1) Suppose I pay with CSP at a cab. As I understand all 2x points earned are eligible for 7% bonus
2) Suppose I click through UR mall and purchase something at LivingSocial for 3x points. Do I earn 7% bonus on both base and bonus points or only on base points?
3) Suppose I use CSP UR mall link, but pay with another card. Does such transaction earn 7% bonus?
Thanks ^
1) Suppose I pay with CSP at a cab. As I understand all 2x points earned are eligible for 7% bonus
2) Suppose I click through UR mall and purchase something at LivingSocial for 3x points. Do I earn 7% bonus on both base and bonus points or only on base points?
3) Suppose I use CSP UR mall link, but pay with another card. Does such transaction earn 7% bonus?
Thanks ^
Oct 31, 2012, 12:06 pm
#71
Join Date: Jul 2003
Location: Wine Country, Finger Lakes
Programs: LFFRS BOD
Posts: 1,355
Chase S Prefered 7% bonus? worth the annual fee?
Is it better to pay the annual fee based on the 7% bonus ?
My husband's card expires in February... I just got one in Sept.
Where would he see the 7% amount that he would receive? should he pay the annual fee? or would he just figure it out on his own by looking at the annual expenditure?
My husband's card expires in February... I just got one in Sept.
Where would he see the 7% amount that he would receive? should he pay the annual fee? or would he just figure it out on his own by looking at the annual expenditure?
Last edited by duranza; Oct 31, 2012 at 2:36 pm
Oct 31, 2012, 1:06 pm
#73
Used to be garyjr316
Join Date: Feb 2011
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In regards to whether or not you should pay the annual fee it is going to depend on how much you value the UR points at. I'm in a similar boat where my 50K bonus points didn't post until after January 1st meaning I did not get the 7% bonus on them last year. Now I have A LOT more points that would earn the 7% bonus so I am planning to keep it open 1 more year just to get the 7% dividend THIS year.
It's all a value vs. reward. How much do you value the Ultimate Rewards points... and based on that value you how big would your 7% dividend bonus need to be to make it worth the $95 fee.
It's all a value vs. reward. How much do you value the Ultimate Rewards points... and based on that value you how big would your 7% dividend bonus need to be to make it worth the $95 fee.
Oct 31, 2012, 4:24 pm
#74
Join Date: Jul 2011
Posts: 1,114
I think Chase Sapphire Preferred is very easy keeper at $95 annual fee. The value of UR program is tremendous.
In regards to whether or not you should pay the annual fee it is going to depend on how much you value the UR points at. I'm in a similar boat where my 50K bonus points didn't post until after January 1st meaning I did not get the 7% bonus on them last year. Now I have A LOT more points that would earn the 7% bonus so I am planning to keep it open 1 more year just to get the 7% dividend THIS year.
It's all a value vs. reward. How much do you value the Ultimate Rewards points... and based on that value you how big would your 7% dividend bonus need to be to make it worth the $95 fee.
It's all a value vs. reward. How much do you value the Ultimate Rewards points... and based on that value you how big would your 7% dividend bonus need to be to make it worth the $95 fee.
Oct 31, 2012, 4:42 pm
#75
Join Date: Jul 2003
Location: Wine Country, Finger Lakes
Programs: LFFRS BOD
Posts: 1,355