The good news? Not much. The 10% anniversary points bonus on the Chase Sapphire Preferred is disappearing, and here’s why that matters.
Each year on your card anniversary, Chase used to tack on a bonus equal to 10% of the points you earned from regular purchases – essentially 1 extra point for every $10 spent. The perk was introduced back in 2021 as part of a broader refresh of the Preferred card.
Why is it being cut? Chase says it regularly evaluates benefits and pulls the ones that don’t “resonate most” with members. In plain English, the bonus wasn’t pulling enough weight to justify keeping it on a $95‑a‑year card.
How big is the loss?
If you spend $25,000 a year on the card, you’d have earned roughly 2,500 bonus points – that’s about $25 at the most conservative 1 cent‑per‑point valuation. Not a game‑changer, but a nice little “thank you” that will now be gone.
What should you do?
Check when your next anniversary falls. If it’s before Oct 1 2026, consider front‑loading any big purchases you were planning to spread out. A $5,000 spend now nets an extra 500 points you won’t see after the cutoff.
For most cardholders, the loss won’t break the core value of the Preferred. The card still gives you 1:1 transfers to Hyatt, United, Southwest, and the rest of Chase’s partner lineup. If you’re primarily after those transfers, you can ignore the bonus cut.
Bottom line
The 10% anniversary bonus was never the headline feature of the Chase Sapphire Preferred, but it was a modest perk that’s been around since the 2021 refresh. It will disappear on Oct 1 2026, and while it’s a small loss, it’s not a reason to cancel the card. Keep an eye on Chase’s official channels – they hinted at “additional updates” to the Preferred in the near term, which could bring new perks to offset this regression.
