Chase Increases Earnings And Add Benefits To Sapphire Cards For July-September

A month ago Chase rolled out new 2020 benefits for the Chase Sapphire Reserve® and Chase Sapphire Preferred® Card products. Now they’re back with even more.

Changes To The Sapphire Reserve Card

Chase Sapphire Reserve® has been one of the most popular premium products. It offers an initial bonus to earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.

And it earns 3 points per dollar spent on travel and dining – great points that transfer to frequent flyer programs or can be spent directly on travel. It has a $300 annual travel credit, and provides airport lounge access with a Priority Pass card.

It’s the absolute sweet spot of a travel card, with points that transfer to a variety of airlines (such as United, Emirates, and Singapore) and hotel programs (including Hyatt). However Chase has worked hard to make the card offer premium value even when many customers aren’t traveling or dining out.

Three changes announced in May:

  • Annual fee. Already customers whose renewals were coming up April 1 – June 30 were receiving a $100 statement credit against the card’s $550 annual fee. For renewals July 1 – December 31 the annual fee will be $450 (no need for statement credit).

  • Broader travel credit. The card’s $300 annual travel credit, good from airline tickets to hotels to Uber, will be expanded starting June 1 and running through December 31 to include purchases at gas and grocery stores.

  • Redeem points at 1.5 cents apiece towards restaurants, grocery stores, and home improvement stores. Available May 31 through September 30, 2020, this puts these everyday items on par with the card’s redemption value for travel through the Ultimate Rewards portal.

That is on top of additional benefits they’ve already added. Through June 30 the card earns 5 points on the first $1,500 spent each month on groceries per month. It also offers a $60 annual DoorDash credit in 2020 and 2021 and a DoorDash DashPass for a year, providing discounted delivery. There’s also a year of Lyft Pink membership and 10 points per dollar on Lyft rides through March 2022.

Now, July 1 – September 30 Chase is adding:

  • 5x earning with Instacart (on up to $3,000 spending) and 5x earning at gas stations (on up to $1,500 spend)
  • Up to $50 in statement credits towards an Instacart Express membership
  • 10x earn with select streaming services (on up to $1,500 spend)

Eligible streaming services include Disney+; ESPN+; Hulu; Netflix; Sling; Fubo TV; Vudu; SiriusXM; Pandora, Spotify; YouTube TV and bonus points post 6-8 weeks after purchase.

Changes To The Sapphire Preferred Card

The Chase Sapphire Preferred® Card has been one of the best cards, and remains ideal at the under-$100 annual fee price point. The card has one of the absolute best up front bonus offers in travel, 60,000 bonus points after $4000 spend within 3 months. The card offers double points on travel and dining, and points transfer to a variety of airlines and hotel programs.

Chase normally lets you spend points at 1.25 cents apiece towards paid travel through their portal. Between May 31 and September 30, 2020, you can redeem at 1.25 cents apiece for statement credits against spending at restaurants, grocery stores, and home improvement stores.

In addition they already added 3 points per dollar on the first $1500 in spend each more at grocery stores through June 30; a DoorDash DashPass good for a year; and 5 points per dollar on Lyft rides through March 2022.

Now, July 1 – September 30 Chase is adding:

  • 3x earning with Instacart (on up to $3,000 of spending) and 3x earning at gas stations (on up to $1,500 of spending)
  • Up to $50 in statement credits towards an Instacart Express membership
  • 5x earn with select streaming services (on up to $1,500 spend)

Chase Sapphire Reserve®
Chase Sapphire Preferred® Card products.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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Comments

  1. “Now, July 1 – September 30 Chase is adding:

    5x earning with Instacart (on up to $3,000 spending) and 5x earning at gas stations (on up to $1,500 spend)
    Up to $50 in statement credits towards an Instacart Express membership
    10x earn with select streaming services (on up to $1,500 spend)”

    Is this per month, or over the entire 3 month period?

  2. Blah on Instacart… Forcing customers to a particular grocery service feels dirty to me. I would rather have my local grocery store deliver directory, me pickup curbside OR just continue to shop as normal in the store.

    The fuel earn is ok… but I’m not driving much

    Chase could have done better…

  3. @ Gary — How does the InstaCart thing work? We order groceries from Kroger every week. The service is provide by InstaCart, but all of our charges (AMEX Gold charge card) are from Kroger.

  4. I’m guessing there are a lot of people like me who have taken this time to reduce their credit cards and annual fees due to staying home. Just this week I switched from an annual fee card to a no fee card. It was a hotel card that I rarely used or even stayed at and the free nights either expired unused or I had to really struggle to use it, thus not worth the AF.

    The Aspire card I was going to cancel until they modified the use of the $250 credit which has led me to keep it for now (and I used to stay at Hiltons). I canned the Hyatt card as well since I rarely stayed there and was never a big FF/hotel stayer.

    So while some may not be canceling cards, I’m imagining many others are doing as I am, especially since I’m not doing this due to a job/income loss but just because it seemed pointless to keep them with nearly no travel planned for a good year or more. Not to mention a few increased their AFs a bit too much.

  5. Something is better than nothing. I appreciate the effort to provide the extra perks but unless you already use Instacart and live in an area that has that service it’s OK. My understanding is that Instacart items cost more than the actual store cost so not sure you’ll save anything overall.

  6. @Gary, so which is it? 5X or 3X at gas stations?

    Now, July 1 – September 30 Chase is adding:

    5x earning with Instacart (on up to $3,000 spending) and 5x earning at gas stations (on up to $1,500 spend)
    Up to $50 in statement credits towards an Instacart Express membership
    10x earn with select streaming services (on up to $1,500 spend)

    Now, July 1 – September 30 Chase is adding:

    5x earning with Instacart (on up to $3,000 spending) and 5x earning at gas stations (on up to $1,500 spend)
    Up to $50 in statement credits towards an Instacart Express membership
    10x earn with select streaming services (on up to $1,500 spend)

  7. From what I recall, Instacart upcharges way more than 5% on items at the grocery store…so a 5% cashback is pretty useless. Use your grocery store’s app and you get the same price they charge in store…

    Unless this has changed recently, but it’s what I recall upon looking about 9 months ago doing a Costco run on Instacart. Would have paid about 25% more vs. going in store.

  8. While the grocery items made sense, the new bonuses are useless. I don’t own a car, and I’m not interested in the delivery nonsense option. I think I just want to cash out my miles and then leave the points game for good.

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