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Mobile wallet payments are becoming increasingly popular, as credit card issuers realize that consumers want to be able to make credit card payments without even having to take out their cards. They also realize that this is an area where we’ll see a lot of innovation over the coming years, and they don’t want to lose market share. We’re even seeing a bonus category for mobile wallet payments on a popular new card — the US Bank Altitude Reserve Card offers 3x points on mobile wallet purchases. While that’s not enough to make me get the card, some popular cards that I love are now offering bonuses on mobile wallet purchases for a limited time.
Those with the Chase Sapphire Preferred® Card and Chase Sapphire Reserve℠ Card can earn an additional Ultimate Rewards bonus point for each eligible dollar spent on mobile wallet purchases (including Chase Pay, Android Pay, Apple Pay, or Samsung Pay) between October 4 and November 4, 2017. The catch is that you’re capped at earning the bonus on up to $1,500 of spend.
For example, with this promotion you can earn up to 4x points per dollar spent on dining and travel with the Sapphire Reserve, and up to 2x points per dollar spent on non-bonused purchases.
There’s no registration required to take advantage of this promotion, and bonus points should automatically post with the points you usually earn.
Personally I only use mobile wallets when there are promotions for doing so. So this will indeed change my behavior, at least for a limited time. The main issue is still that not all merchants accept mobile payments. For example, you can see some of the merchants that are Chase Pay partners on this page. Now if only more restaurants, airlines, etc., took mobile wallet payments, so that we could earn up to 4x points.
One thing to note is that Uber takes Apple Pay through their app, so that’s at least a good opportunity to earn 3-4x points per dollar spent on some purchases.
Do you plan on using this Chase mobile wallet promotion to earn up to 1,500 bonus points?
(Tip of the hat to Doctor Of Credit)