Friday, February 6, 2015

First Friday Dining

Tomorrow is the first Friday of this month. That means it’s 3x dining on your Chase Sapphire Preferred. Don’t really feel like dining out or just want something simple? No worries, go and pick up gift cards for your favorite restaurant tomorrow and you’ll earn 3 UR points per dollar and can then spend the gift cards at a later time. 

This presents a double dip opportunity with airline dining programs. If you have a particular hankering for Cinnabon, that’s great. You can earn 3x on all purchases tomorrow. In addition, if you have the patience to force ask the cashier to separate each of your purchases separately, then each transaction counts as one dine towards your dining program status. After 11 dines, you receive VIP dining status. Then you will earn 5x on your dining expenses at restaurants within the Rewards Network.

This means you could potentially earn 3 UR and 5 airline miles per dollar at these restaurants, the most popular being Cinnabon and La Madeleine. The net value back could be 16% of your money spent. Receiving a 16% kickback when you eat out can lessen some of the pain of fine dining.

Theoretically, if you purchased $7500 worth of La Madeleine gift cards on First Friday, then you could earn enough miles to fly yourself to Paris in United Coach and have some real French food. Or If you were really aspirational, you could purchase $14,000 worth of La Madeleine gift cards and fly United Business class to Paris, or any other European destination where United flies.