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That’s because Chase is eliminating “First Friday” of each month for the Sapphire Preferred extra dining bonus.
For the past couple of years, the Chase Sapphire Preferred Card — which offers double points on travel and dining, everyday — has offered triple points on dining the first Friday of each month.
That made the first Friday of each month not just a great day to eat out but a great day to buy restaurant gift certificates, too.
However, I’ve learned that Chase will be discontinuing this benefit at the end of the year.
It’s in many ways a pretty obscure benefit, a quick search suggests I haven’t mentioned it in about 15 months. And I’m sure their cardmembers eat out and earn the extra point on dining that first Friday without even realizing they’ll be getting those bonus points — so Chase was spending on points without getting much incremental spend on their cards in return, and likely without getting much cardmember retention value out of the offer either.
So they’re discontinuing it. And I have to say, the card is worth as much today (not the First First) as it is the first Friday of the month. If there’s a benefit for them to eliminate, this would have to be it. Indeed, Chase Sapphire Preferred is the card you want to get first in this hobby.
Not going away? The strong signup bonus. The double points on travel and dining. The transfers of points to several airlines (United, Korean, British Airways, Singapore… so airlines in all three alliances.. plus Virgin Atlantic and Southwest), and hotels (Hyatt, Marriott, Ritz-Carlton, IHG Rewards Club).