By far, my most popular post is the one about Understanding MCC Codes. Day in and day out, it consistently generates the most traffic.
So, I thought I’d build on its popularity by posting, one by one, on the specific benefits of the various cards I have. It’s a bit tricky since credit card companies tend to offer the most detailed information during the signup/application phase; not once you’ve actually been approved for the card. But we tend to keep the documentation (if we keep it at all) once we’ve been approved. (Hint: keep all the documentation.)
Here’s the info I found regarding the Chase Sapphire Preferred card. (Unlike the Bank of America application I got in the mail, the Chase Sapphire Preferred application does not mention the specific MCC codes, but it’s still helpful.):
“Earning Points You will earn 1 point for each $1 of net purchases. You will earn an additional 1 point for each $1 of net purchases made in any of the following categories: travel; dining – when you use your card at restaurants. Merchants who accept Visa/MasterCard credit cards are assigned a merchant code based on the kinds of products and services they sell. Chase groups similar merchant codes into categories for purposes of making rewards offers to you. Chase makes every effort to include all relevant merchant codes in its listed categories. However, even though a merchant or the items that it sells may appear to fit within a listed category, the merchant may not have a merchant code that falls within that category. Therefore, purchases with that merchant will not qualify for the stated rewards offer on category purchases. You will also earn an additional 1 point for each $1 of airfare and hotel accommodation net purchases when you book at chase.com/ultimaterewards (for a total of 3 points). You’ll receive a 7% Annual Points Dividend on all new points earned on purchases made with your Chase Sapphire Preferred card during the previous year. (“Year” means, for your first year as a cardmember, the period beginning with your Enrollment Date through your billing cycle with a December closing date of that same year. For each year thereafter, “Year” means the twelve billing cycle period beginning the day after your billing cycle with a December closing date through your billing cycle with a December closing date of the next year.) Your 7% Annual Points Dividend will appear on your January or February billing statement. You will not earn the 7% Annual Points Dividend on new account bonus points, previous Annual Points Dividends awarded, or points transferred into your account. You do not earn points on balance transfers, cash advances, cash-like charges such as travelers checks, foreign currency, and money orders, any checks that are used to access your account, overdraft advances, interest, unauthorized or fraudulent charges, or fees of any kind, including fees for products that protect or insure the balances of your account. There is no maximum number of points that you can accumulate in the program. Bonus/Promotional offers may have a maximum accumulation. A service fee of up to $20 per ticket may be charged for the use of our toll-free number to book or change airline itineraries. Redemptions made online do not have a service fee. See Rewards Program Rules and Regulations, which will be mailed after your account is established.”