Chase Sapphire cards to earn bonus points on groceries
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Chase continues to beef up its flagship travel credit cards with useful quarantine-related perks while many cardholders stay at home. Today Chase is announcing a temporary expansion of bonus categories for the Chase Sapphire Preferred® Card and the Chase Sapphire Reserve®!
Earn bonus points on grocery purchases with the Chase Sapphire cards
The Sapphire cards normally earn bonus points for travel and dining purchases. But from Nov. 1, 2020, to April 30, 2021, you can add grocery stores to that list. You’ll earn:
- Chase Sapphire Preferred – 2 Chase points per dollar on groceries
- Chase Sapphire Reserve – 3 Chase points per dollar on groceries
You don’t have to enroll — your card will automatically earn these rates when the promotional period begins.
We estimate that Chase points are worth about 1.7 cents each toward travel. This increased earning rate means using your card at grocery stores will net you between 3.4% and 5.1% back. You’ll earn this bonus for up to $1,000 in spending per month. With this promotion lasting six months, you could potentially earn up to 12,000 more points than normal, depending on which of the above cards you have.
Stack with other welcome bonuses
This new bonus category is a great deal, especially considering some of the current welcome bonuses. The Chase Sapphire Preferred is currently offering a bonus where you’ll earn 60,000 points after spending $4,000 within the first three months of account opening. You can use Chase’s Pay Yourself Back feature to erase grocery purchases at a rate of 1.25 cents per point. Meaning 60,000 points would cover $750 in groceries.
However, if you open a no annual fee Chase Freedom Flex℠, you can do significantly better at grocery stores. For example, you’ll get 5% cash back on grocery store purchases (not including Target® or Walmart®) on up to $12,000 spent in the first year. It’s a vital complement to the Chase Sapphire Preferred or Chase Sapphire Reserve, since you can move those points earned on your Freedom card into transferrable Ultimate Rewards points.
Chase Sapphire Reserve expanded travel credit extended
Also getting a six-month extension is the Chase Sapphire Reserve annual $300 travel credit’s ability to be used at grocery stores and gas stations through June 30, 2021. This perk was supposed to disappear Dec. 31, 2020.
It’s great to see Chase expanding the bonus categories on its most popular cards. For those who are weighing if they should renew their Sapphire cards during this period of slower travel, this may tip the scale.
Let us know what you think of these enhancements! And subscribe to our newsletter for more card news like this delivered to your inbox once per day.
Featured image by iStock.
Chase Sapphire Preferred® CardAPPLY NOW
Chase Sapphire Preferred® Card
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®
2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
Either $5 or 5% of the amount of each transfer, whichever is greater.
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