Back then by having all 3 you could
-Earn 10 points every time you used your Freedom card
-Earn a 10% bonus on Freedom base spending
-Earn 5 points per dollar in rotating Freedom categories.
-Earn 2.14 points per dollar on airfare, dining, car rentals, hotels, and more with Sapphire Preferred.
-Transfer the Freedom points to your Sapphire card to allow those points to be used for lucrative airline and hotel currencies.
I guess that was all too generous. The Freedom card first got rid of the 10+10% program (though some people still have it until today) though they actually improved the 10% by allowing it to count on bonus points. That made the quarterly rotating 5 point categories actually worth 5.5 points per dollar.
However now they announced the 10% will be going away altogether with the final annual bonus posting in 2016 for 2015 spending. The same applies to Sapphire Preferred with the 7% annual bonus ending at the same time.
The good news is that the 10% language is still on the Freedom application, so you can apply now and still take advantage of that for 2014 and 2015 spending before its phased out.
I always thought it was a clever way to get people to bank with Chase, but the problem for Chase is that it was a hard benefit to communicate.
For now my old Ink Bold card still has its incredible exclusives benefits. Anyone care to guess when that will be phased out?
At any rate, Freedom and Sapphire remain a killer combo thanks to the 2 and 5 point bonus categories and Sapphire’s ability to transfer Freedom points to airlines and hotels (though Ink Plus and Ink Bold can do that as well). Come 2016 and it won’t be as lucrative as it once was.