Chase Sapphire Preferred 10% Anniversary Bonus Going Away
The Chase Sapphire Preferred card offers a 10% anniversary points bonus. Each account anniversary year, you’ll earn bonus points that equal 10% of your total spend in points from purchases made with your credit card during the previous account anniversary year at a rate of 1 point for each $1 spent.
This bonus is just based on the total spend for the anniversary year, and not the points you have earned during those 12 months. So if you spend $50,000, you will receive an anniversary bonus of 5,000 points.
It’s just an extra 0.1X on all your spend so it’s not a huge bonus. But it’s apparently big enough for Chase to take it away. Some Chase Sapphire Preferred cardholders are now seeing the following message in their app:
“The Anniversary Bonus is retiring. You will continue to earn 10% of your spend through 10/1/26.”
This is showing under Rewards Activity, but I don’t see it in my account. Maybe they jumped the gun on publishing it, and they removed it. Or maybe it’s only showing for some people.
Update: I reached out to Chase for comment and they said the following via email:
“This update appeared early in our app. The benefit will be discontinued as we regularly evaluate and update our benefits based on cardmember feedback and what benefits resonate most. We look forward to sharing additional updates to the Sapphire Preferred card in the near term.”
HT: BillardMcLarry
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