UPDATE: The Chase Sapphire Preferred no longer earns 3X points on the 1st Friday of the month.
If you have the Chase Sapphire Preferred card, you can earn 3X points on dining today.
With Chase Sapphire Preferred you get 2X points for dining every day. But on the 1st Friday of the month you earn 1 extra point per dollar when eating out.
How You Can Earn Even MORE Points
You can earn points with many airlines and hotels.
With Rewards Network you earn up to 5 points per $1 spent. So a $100 meal would get you at most 500 points.
An Example of How Many Points You Can Earn
Let’s say you’re focused on accumulating Southwest points. On the 1st Friday of the month you use your Chase Sapphire Preferred card to earn 3X Chase Ultimate Rewards points by spending $40 at a Rewards Network restaurant.
Here’s how many points you’d get:
- 3 Ultimate Rewards Points X $40 spent at the restaurant = 120 Chase Ultimate Rewards points.
- 5 Rewards Network Points X $40 spent at the restaurant = 200 Southwest Points
Your Chase Sapphire Preferred card allows you to transfer those 320 Chase Ultimate Rewards points to Southwest at a 1:1 ratio.
- 120 Southwest miles from your Chase Sapphire Preferred
- 200 Southwest miles from Rewards Network
So on a $40 bill you could earn 320 Southwest Points.
Earning the Bonus Points Is Simple
There’s no coupon or codes to remember. To get the extra points all you have to do use your Chase Sapphire card and you get points from 2 programs at once!
Save at More Than Just Restaurants
Chase decides what counts as a “dining” purchase. However, many bars, pubs, and nightclubs also serve food and are counted as dining establishments. In my experience, many of these also earn the 3X dining points, even if you only order drinks.
Buying Gift Cards at Restaurants
You can buy restaurant gift cards directly from the restaurant to use later.
I can’t see myself going into a restaurant on Friday just to pick up a gift card for 1 extra point per dollar. But I know some folks who might!
Note: Buying restaurant gift cards from a supermarket with your Chase Sapphire Preferred card will NOT qualify for the 3X points.
Do You Get 3X Points When Dining Abroad?
Yes. You get the same benefits of the Chase Sapphire Preferred even if you’re outside of the US. And the Chase Sapphire Preferred does NOT charge foreign transaction fees. So you will earn the same number of points per dollar.
If you spend $50, you will earn 320 points. So I wouldn’t buy dinner just to earn a few hundred points. However, if you have plans to eat out today, use your Chase Sapphire Preferred card to earn extra points.