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When customers aren’t traveling, travel credit cards tend to fall to a lower position in consumer wallets. In normal times these are some of the most lucrative cards for issuers, appealing to high spending customers. In the current pandemic it takes work to keep them relevant.
Chase is especially exposed to the travel segment, and May 1 they began bonusing groceries on most of their annual fee card products. When you’re not spending much in the categories that your card normally bonuses, adding new relevant bonus categories can be done without raising costs for the issuer (they may try to award about the same number of bonus miles as before).
May through July Marriott consumer cards (Chase and American Express) awarded 6 points per dollar on groceries.
Now Chase has added 10x earning to their Marriott cards for restaurant and gas station spend July 15 through September 15, 2020. The restaurant category includes food delivery services “like Grubhub and DoorDash.” Registration required.
These spend bonuses are also available on the legacy “Marriott Bonvoy Premier Plus Business Credit Card, The Ritz-Carlton Credit Card, Marriott Bonvoy Credit Card, Marriott Bonvoy Premier Credit Card, and Marriott Bonvoy Business Credit Card.”
Earning 10 points per dollar is, in my view, roughly a 7% rebate, perhaps a little less with Marriott devaluations since I last calculated this.
Personally I continue to find great value in my American Express® Gold Card which earns four Membership Rewards points per dollar at restaurants and on the first $25,000 spent each calendar year at U.S. supermarkets. And for July through September I think that the Chase Sapphire Reserve®‘s 5x earning on gas is superior.