UPDATE: The 7% annual points dividend is no longer a feature of the Sapphire Preferred Card, see current offer for full terms.
I’ve received several questions over the past couple of months about when Chase Sapphire Preferred® Card (in the interest of full disclosure that’s my affiliate link) annual points dividend posts. For those of you not aware of the benefit, if you have the Chase Sapphire Preferred card you earn a 7% “bonus” at the beginning of the year for all points earned through spend the previous year. Given that the card already offers double points on dining and travel, that’s like earning 2.14 Ultimate Rewards points per dollar spent on dining and travel, and 1.07 Ultimate Rewards point per dollar spent on everything else, which is a pretty awesome return. These points can be transferred to Hyatt, United, etc.
Anyway, the 7% bonus is supposed to post with your February statement. Since mine just closed, it looks like my bonus just posted.
I put my money (or at least reimbursable expenses) where my mouth is. As you can see I put a fair bit of spend on the Chase Sapphire Preferred, and it’s nice to get that bonus for the previous year’s spending.