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New Sapphire Preferred Benefit: Triple Points Dining Out On “First Fridays”

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iStock_000017073811XSmallEver since it was introduced, the Chase Sapphire Preferred® card has rocketed to the top of the reward credit card market. Chase Sapphire Preferred® has gained so many dedicated followers due to the strengths of the Ultimate Rewards program as well as the double points for dining and travel.

But now, Chase has introduced its “First Friday Favorites” promotion that will allow cardholders to earn even more Ultimate Rewards points.  Starting on May 3rd, Chase Sapphire Preferred® cards will award triple points for all dining expenditures on the first Friday of each month. This bonus includes spending at restaurants, bars, fast food joints, and coffee shops.

In conjunction with this promotion, Chase has set up a Facebook page where cardholders can list their favorite restaurants and view the selections of others. From there, cardholders can then utilize OpenTable to book a reservation at their choice of restaurants.

First Friday dates for 2013 include May3, June 7, July 5, August 2, September 6, October 4, November 1, and December 6.

Some other great things about the Sapphire Preferred

Triple points from Sapphire Preferred does not actually mean three points per dollar spent. In fact, Sapphire Preferred cardholders earn a 7% annual points bonus, so eligible spending actually returns 3.21 points per dollar.

In addition, cardholders receive double points from all travel purchases including airfare, hotel, car rentals, and even parking charges. Triple points are always earned when booking travel through Chase’s Ultimate Rewards travel portal.

And once earned, cardholders can use their points in several ways. Points can be redeemed for one cent each as statement credits, 1.25 cents towards travel booked through Chase, or transferred their points to the travel programs of 10 different airlines and hotel chains, plus Amtrak Guest Rewards. And when these airline and hotel points or miles are used for premium class award flights or luxury hotel stays, it is often possible to see several cents worth of value from these awards.

Finally, Sapphire Preferred cardholders never pay any foreign transaction fees on purchases outside of the United States.

Chase is currently offering 40,000 Ultimate Rewards points as a sign up bonus for new cardholders who spend $3,000 within three months. By adding First Friday Favorites to a large list of other benefits, Chase is enhancing the status of the Chase Sapphire Preferred® as the premier travel rewards card in its class.

Editor's Note: This content is not provided by Citi. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by the Citi or any of the other companies whose products are featured in this content.

About the author

Jason Steele

Jason Steele is a freelance journalist specializing in personal finance and travel and is recognized as an expert in credit cards. He is a regular contributor to many of the top personal finance sites such as Wise Bread and Money Talks News. His work has been frequently carried on mainstream news outlets such as MSN Money, Yahoo, Finance, and Business insider.

Jason lives in Denver Colorado with his wife and two daughters.

– has written 352 posts.

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