Sapphire Preferred to end First Friday’s in 2016
Ever since Chase launched 3X points for dining on the “First Friday” of every month, we have seen the benefit highly touted by a lot of people. To be truthful, how much do you actually spend on food on the first Friday over the course of a year?
Even if you go out to a nice dinner and spend $100 every “First Friday” (which I am assuming is being way too generous), you will earn an extra 1,200 points over the course of a year. For me, that is worth $20.40 based on my valuation of Ultimate Rewards at 1.7 cents each. I guess it is something.
On the flip side, I highly value the Freedom’s 5X categories each quarter and find that I would rather earn 2X ThankYou points on dining (and 3X on travel) with the ThankYou Premier and convert my Sapphire Preferred to a Freedom. That has been my stance for a long time and I even mentioned it in my review of the Sapphire Preferred awhile ago.
The End Is Near
Today Gary Leff has confirmed with Chase that the “First Friday” benefit will be ending in 2016. This is just a continuation of the product tweaking that I have written about and another reason that the Freedom card is probably a better value in the long term.
With the end of this highly written about benefit, I thought it would be a perfect time for a poll. Answer away and feel free to leave your thoughts about the loss of this great benefit in the comments.