You can now automatically earn triple points with your Chase Sapphire Preferred card on all dining on every first Friday of the month at least through the end of the year. Together with the 7% annual dividend that means 3.21 points per dollar. Spend $100 in a restaurant and you’ll get 300 points on your next statement plus 21 points in your annual dividend.
That’s nice, but at least for today and the first Friday in June (the 7th) you’ll be better off using your Chase Freedom card which is offering 5 points per dollar on all dining from now through June 30. Spend $100 in a restaurant and you’ll get 500 points on your next statement (though sometimes the 5% doesn’t post until the 2nd statement). Registration is required for the Freedom 5 point categories which include dining, movie theaters, and Lowe’s purchases through June 30. Spending is limited to $1,500 per Freedom card per quarter.
Plus if your card is linked for Chase Exclusives with a Chase checking account you’ll either earn an extra 10 points per transaction plus a 0.1 points per dollar monthly bonus. Spend $100 in a restaurant with the old Exclusives program and you’ll have 520 points on your next statement. Or you will get a 0.5 points per dollar annual bonus with the new Exclusives program. Spend $100 with the new Exclusives program in a restaurant and you’ll get 500 points on your next statement plus 50 points in your annual dividend.
Personally I’m still in the old Exclusives program, but Chase said they will send me a letter when I am transitioned to the new program.
Bear in mind that if you are outside of the US that you would do better with Sapphire Preferred as that has no foreign exchange fees while Freedom will sock you with a 3% fee. Also you or your wife need a Sapphire Preferred, Ink Bold, or Ink Plus card to transfer points earned on the Freedom card into airlines or hotels.