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The Chase Sapphire Preferred® Card is one of the best all around credit cards, not only because it offers double points on dining and travel, but in particular because those Ultimate Rewards points are so valuable.
In addition to offering double points on dining, they’ve had a promotion for a couple of years — called First Friday — whereby they offer triple points on dining on the first Friday of every month when paying with the CSP.
As such it’s not really a game changer, though it did make paying with the card more fun on the first Friday of every month, and I think it was smart from Chase’s perspective — it jogged peoples’ memory to use the card on a specific day, and hopefully keep using it similarly after that.
This is just a reminder that Chase will be discontinuing the 3x points First Friday promotion as of 2016. I don’t view this as a huge deal one way or another. It was a nice promotion that earned me some bonus points, though wasn’t really a game changer for the card as such.
On one hand I’m surprised they’re discontinuing it, though my guess is that it’s simply because the promotion wasn’t gaining much traction, so it wasn’t worth promoting anymore.
Dining is more rewarding than ever before
For what it’s worth, in general I think we’re better positioned than ever before for earning bonus points on dining. All three “major” transferrable points currencies have cards which offer double points on dining, including:
- Chase Sapphire Preferred® Card
- Citi ThankYou® Premier Card
- Premier Rewards Gold Card from American Express (US restaurants only)
On top of that, as far as business credit cards go, the Ink Business Cash℠ Credit Card also offers double points on dining. While the points accrued on that card are cash back, in conjunction with the Chase Sapphire Preferred® Card those points can be used as “premium” Ultimate Rewards points, which can be converted into airline miles in any Ultimate Rewards airline or hotel transfer partner program.
Which card do I use for dining spend?
I’m a big fan of all three major bank-issued transferrable points currencies, and have six figure balances with all of them. So which card do I use most for dining?
For what it’s worth, my valuation of the transferrable points currencies is as follows:
- American Express Membership Rewards: 1.8 cents per point
- Chase Ultimate Rewards: 1.8 cents per point
- Citi ThankYou: 1.6 cents per point
So at the moment I’m splitting dining spend between the Chase Sapphire Preferred® Card and Premier Rewards Gold Card from American Express. My non-US dining spend is going on the former, while my choice otherwise comes down to whether my balance of Membership Rewards points or Ultimate Rewards points is greater.
Which card are you using for your dining spend nowadays?
Non-Affiliate Product Disclaimer: The information for the Ink Business Cash℠ Credit Card has been collected independently by One Mile At A Time. The card details on this page have not been reviewed or provided by the card issuer.