The Chase Sapphire Preferred Card (review) is losing a unique perk that set it apart in some ways, and I’m sure cardmembers won’t be happy about it.
Beyond that, the card has offered 10% anniversary bonus points, calculated based on your base spending on the card. In other words, points earned from welcome bonuses and spending multipliers weren’t eligible for the 10% boost. That means if you spend $5,000 on the card per year, you’d be eligible for 500 bonus points, and those points are paid out on the account anniversary.
It definitely seems to me like we’re at a point where card issuers are increasingly trying to control costs, given just how much they’ve been investing in their card portfolios in recent years. I’ve argued that transferable points are probably at a negative inflection point, as we’re also increasingly seeing cost controls implemented when it comes to how people can redeem points.
A great solo travel tip spotted this week on One Mile at a Time.
