The Chase Sapphire Reserve now has even more food delivery perks
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Most banks are trying to upgrade and modify the benefits of their travel credit cards during the pandemic to keep quarantined cardholders happy. But today a transportation company has indirectly boosted the value of a top travel credit card.
Currently, Chase Sapphire Reserve® cardholders receive a complimentary Lyft Pink Membership through March 2022. Lyft Pink offers 15% off Lyft rides, three free Lyft bike and scooter rides every month, relaxed cancellation fees and other benefits. However, Lyft has just seriously upgraded Lyft Pink.
Lyft Pink now comes with Grubhub+
Lyft Pink members will now receive a complimentary Grubhub+ membership, therefore anyone with a Sapphire Reserve card will now get a free Grubhub+ membership!
For those unfamiliar Grubhub, it’s one of the largest food delivery networks in the country, boasting over 300,000 restaurants on its platform in more than 4,000 U.S. cities.
GrubHub+ is priced at $9.99 a month and offers a number of perks, including:
- Grubhub+ members get unlimited free delivery on orders of $12+ from restaurants in the Grubhub+ network
- Exclusive perks like free food, discounts and more
- Donations made through Donate the Change will be matched by Grubhub on all Grubhub+ orders
- Access to Elite Care teams for priority assistance
The Chase Sapphire Reserve gets more valuable
Chase Sapphire Reserve® cardholders already receive a complimentary DoorDash Dashpass membership. So while this feels like a duplicative benefit, Grubhub does have many different restaurants on its platform, operates in more cities and also has its “perks” program which offers exclusive discounts at many restaurants. Plus, there are always a ton of promo codes floating around for Grubhub, offering free or discounted food.
This new benefit makes the Sapphire Reserve even more valuable. The face value of a yearly Grubhub+ membership would be $120 — if you value that at just 50%, you’re still extracting another $60 of value from the card (which does come with a sizeable annual fee).
Remember the Sapphire Reserve already earns 3x points on dining purchases and Grubhub codes as dining with Chase. Earning 3x points per dollar equates to a 5.1% return per our Chase points valuations.
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Bottom Line
It's always good to see a premium credit card getting more perks, which make it a bit easier to swallow the $500+ annual fees they usually charge. Chase has also added other pandemic-related benefits to its Sapphire cards, including use points (at great rates) to cover grocery, dining and home improvement store purchases through its Pay Yourself Back program.
Chase Sapphire Reserve®
Earn 50,000 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®
$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year. From 6/1/20 through 6/30/21, gas station & grocery store purchases will also count towards earning your Travel Credit
3X points on travel immediately after earning your $300 travel credit. 3X points on dining at restaurants including eligible delivery services, takeout and dining out & 1 point per $1 spent on all other purchases
Get 50% more value when you redeem your points for travel through Chase Ultimate Rewards. For example, 50,000 points are worth $750 toward travel
With Pay Yourself Back℠, your points are worth 50% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories
1:1 point transfer to leading airline and hotel loyalty programs
Access to 1,000+ airport lounges worldwide after an easy, one-time enrollment in Priority PassTM Select and up to $100 application fee credit for Global Entry or TSA Pre✓®
Earn 3x 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
Intro APR on purchases
N/A
Regular APR
16.99%-23.99% Variable
Annual Fee
$550
Balance Transfer Fee
Either $5 or 5% of the amount of each balance transfer, whichever is greater
Rates & Fees
Other
MORE INFO
Editorial Note: We're the Million Mile Secrets team. And we're proud of our content, opinions and analysis, and of our reader's comments. These haven’t been reviewed, approved or endorsed by any of the airlines, hotels, or credit card issuers which we often write about. And that’s just how we like it! :)
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