Monthly roundup: The latest credit card benefit changes you need to know about

6h ago

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The credit card landscape is constantly changing, and this has accelerated even faster with the ongoing coronavirus pandemic. Credit card issuers are adjusting to a new normal in a less robust economic environment. And while travel is ever-so-slowly rebounding, spending habits are still vastly different than even just several months ago.

If it seems like there is a new card update, bonus category, or annual-fee change every few days, you’re not too far off. That’s why each month, we’ll be compiling a list of some of the major card updates that were announced in the previous months — and what specific card benefits and bonuses will be ending soon.

Whether you missed the news, or want to maximize a bonus that’s set to expire, let’s dive right in to what we’re paying attention to for July 2020, issuer-by-issuer. 

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In This Post

American Express

Back in May, Amex kicked it off with an array of card updates to select Amex Membership Rewards, Delta, Marriott, and Hilton cards. These limited-time promotions were all announced as part of changes to keep cardholders engaged during the coronavirus pandemic.

Top card benefit updates

Here is a card-by-card look at each of the Amex changes. For a more comprehensive analysis, read our guide to all the Amex card coronavirus-related updates.

(Photo by Isabelle Raphael / The Points Guy)
(Photo by Isabelle Raphael / The Points Guy)

Card impacted: The Platinum Card® from American Express

  • Up to $320 in statement credits on select streaming and wireless telephone services purchased directly from U.S. service providers (up to $20 per month) from May through December 2020
  • $550 annual fee (see rates and fees)

Card impacted: The Business Platinum Card® from American Express

  • Up to $320 in statement credits on wireless telephone services purchased directly from U.S. service providers and U.S. purchases for shipping (up to $20 per month on each) from May through December 2020
  • Up to $200 in additional statement credits for U.S. purchases with Dell: $200 in additional statement credits from May 1 through June 30, 2020, and up to $200 in additional statement credits between July 1 and Dec. 31, 2020.
  • $595 annual fee (see rates and fees)

Card impacted: American Express® Green Card

  • Up to $80 in statement credits on wireless telephone services purchased directly from U.S. service providers (up to $10 per month) from May through December 2020
  • $150 annual fee (see rates and fees)
(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)

Card impacted: Most Delta SkyMiles consumer cards

  • Earn 4x miles at U.S. supermarkets from May through July 2020

Card impacted: Marriott Bonvoy Brilliant™ American Express® Card

  • Earn 6x Marriott Bonvoy points on up to $7,500 spent at U.S. supermarkets from May through July 2020
  • Eligible purchases at U.S. restaurants, including takeout and delivery, will now qualify toward the $300 Marriott Bonvoy statement credit benefit from June through August 2020
  • $450 annual fee (see rates and fees)

Card impacted: Most Chase and Amex cobranded Marriott Cards

  • Earn 6x Marriott Bonvoy points at U.S. supermarkets from May through July 2020. Amex cardholders earn 6x on up to $7,500 and Chase cardholders earn it on up to $5,000 spent.

Card impacted: Hilton Honors American Express Aspire Card

  • Earn 12x Hilton Honors points at U.S. supermarkets from May through July 2020
  • Eligible purchases at U.S. restaurants, including takeout and delivery, will now qualify toward the up to $250 Hilton resort credit benefit from June through August 2020
  • Bonus points earned through eligible purchases through 2020 will be considered base points, counting towards elite tier qualification and lifetime Diamond status
  • Weekend night certificates: New ones — plus those issued through Dec. 31, 2020 — can now be used on any night of the week, and those issued between May 1 and Dec. 31, 2020 will be valid for 24 months from the date of issuance (rather than the usual 12 months).
(Photo by Eric Helgas for The Points Guy)
(Photo by Eric Helgas for The Points Guy)

Card impacted: Hilton Honors American Express Surpass® Card

  • Earn 12x Hilton Honors points at U.S. supermarkets from May through July 2020
  • Bonus points earned through eligible purchases through 2020 will be considered base points, counting towards elite tier qualification and lifetime Diamond status
  • Weekend night certificates: New ones — plus those issued through Dec. 31, 2020 — can now be used on any night of the week, and those issued between May 1 and Dec. 31, 2020 will be valid for 24 months from the date of issuance (rather than the usual 12 months).
  • $95 annual fee (see rates and fees)

Card impacted: Hilton Honors Card from American Express

In addition to these updates, Amex also announced “appreciation credits” on select cards as a renewal offer. Essentially, this means that if you are targeted and have an upcoming annual fee on your account, you’ll receive a statement credit to help offset the cost. This can be combined with any of the offers that you see above. 

Finally, select personal Amex Platinum cardmembers have also been targeted for yet another credit — up to $200 towards the Amex Travel portal — for those who renew their card between April 1 and Dec. 31, 2020. Check your email if you received any of these targeted offers. 

Top card bonuses and benefits that are ending

Limited-time U.S. supermarkets bonus category: Across the entire Amex lineup, the limited-time offers for increased earnings at U.S. supermarkets are set to end at the end of July. The cards impacted include:

Related reading: Best cards for groceries during the pandemic

The bi-annual Dell credits for the Business Platinum and bi-annual Saks credit for the Amex Platinum already reset at the end of June. Note that you’ll receive an up to $200 Dell credit on the Amex Business Platinum card (for U.S. purchases). Keep in mind that Amex’s monthly card benefits (such as the restaurant credit with the American Express® Gold Card, Uber credit with the Amex Platinum, etc.) expire at the end of each month and do not roll over — this month is no different. 

Chase

Chase has several limited-time offers for its Sapphire lineup of cards including the Chase Sapphire Preferred Card and Chase Sapphire Reserve. Unfortunately, increased earnings on groceries ended on June 30 (the exception being Marriott cobranded cards with that bonus ending on July 31). 

Top card benefit updates

Cards impacted: Chase Sapphire Preferred and Chase Sapphire Reserve

Limited-time perks on Instacart through Sept. 30:

  • 5x points on Reserve and 3x points on Preferred for Instacart delivery and pickup orders — on up to $3,000 across the three-month promotional period
  • Up to $50 in statement credits towards an Instacart Express membership (annual or monthly)

New bonuses categories through Sept 30:

  • 5x points on Reserve and 3x points on Preferred at gas stations — on up to $1,500 across the three-month promotional period
  • 10x points on Reserve and 5x points on Preferred for select streaming services (such as Spotify or Netflix) — on up to $1,500 across the three-month promotional period
(Photo by John Gribben for The Points Guy)
(Photo by John Gribben for The Points Guy)

In May, Chase also added the ability to use the Sapphire Reserve’s $300 annual travel credit on purchases at grocery stores and gas stations through the end of 2020. 

Additionally, cardholders can maximize cash back with Chase’s Pay Yourself Back. This new feature allows you to redeem each point worth 1.5 cents (on the Sapphire Reserve) or 1.25 cents (on the Sapphire Preferred) towards a statement credit used to also offset purchases at grocery stores, home improvement stores and dining establishments from May 31 through Sept. 30.

Finally, Chase Sapphire Reserve renewals will be processed at $450 through 2020. This applies to existing cardholders only — new applicants are still subject to the higher $550 annual fee.

Cards impacted: Select Chase Marriott cards

Starting on July 15, select Marriott Bonvoy cardmembers will be able to earn 10x points on purchases at restaurants and gas stations. Chase notes that it is “one of the richest non-travel rewards ever offered to Marriott Bonvoy cardmembers.”

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben for The Points Guy)

This will be valid through Sept. 15 for up to $3,500 in spending during the promotional period. You can register for the offer here as long as you have one of the cards below:

 

*Not available for new applicants

Card impacted: Chase Freedom

With a new quarter, comes a new list of Chase Freedom 5% (5x) rotating bonus categories. From July 1, 2020, through Sept. 30, 2020, Chase Freedom cardholders can earn 5% cash back on the following categories:

  • Amazon.com
  • Whole Foods Market

As usual, you must activate with Chase before you can start earning the extra cash back or Ultimate Rewards points.

The information for the Chase Freedom has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

(Photo courtesy of Denver International Airport)
(Photo courtesy of Denver International Airport)

Cards impacted: Southwest Rapid Rewards® Premier Credit Card, Southwest Rapid Rewards® Premier Business Credit Card, Southwest Rapid Rewards® Priority Credit Card and Southwest Rapid Rewards® Performance Business Credit Card

In early May, Southwest and Chase announced that elite status can be earned by just spending on a credit card. Not only did Southwest announce status and companion pass extensions, but most Chase-issued Southwest cards now offer the ability to earn elite status without even flying.

The information for the Southwest Premier Business card and Southwest Performance Business card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Top card bonuses and benefits ending

With issuers competing for spending while cardholders remain close to home, grocery spending has been a key target. However, Chase card bonuses for groceries ended on June 30.

(Photo by Eric Helgas/The Points Guy)
(Photo by Eric Helgas/The Points Guy)

One other perk is ending later this summer. New World of Hyatt credit cardholders will automatically get 10 qualifying night credits, double what is usually offered, as long as you apply by Aug. 31, 2020.

Related reading: 5 reasons why I went all in on the World of Hyatt card

Citi

Like Chase and Amex, Citi also announced updates on some of its top travel cards back in May. Here’s what you may have missed.

Top card benefit updates

Card impacted: Citi Prestige® Card

In early May, Citi announced Citi Prestige changes that temporarily expanded the criteria for its $250 travel credit. If you haven’t already used your travel credit this year, you’ll now be able to use it on supermarkets and restaurants through the end of 2020.

Announced in early June, Citi also will give Prestige cardholders 5 ThankYou Points per $1 spent on all online purchases up to 7,500 points through Aug. 31, 2020. Examples of eligible purchases include:

  • Retailer website orders
  • Online grocery orders
  • Online drugstore orders

Card impacted: Citi Premier℠ Card

Starting in June, existing Citi Premier cardholders can now earn additional ThankYou points. Earning rates will become 3 ThankYou Points per $1 spent on supermarket purchases (instead of 1 point per $1 spent) and 3 ThankYou Points per $1 spent on restaurant purchases, including takeout and curbside pickup (instead of 2 points per $1 spent).

The information for the Citi Premier and Citi Prestige has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.          

The American Airlines Admirals Club at Dallas/Fort Worth International Airport. (Photo by Chris Dong/The Points Guy)
The American Airlines Admirals Club at Dallas/Fort Worth International Airport. (Photo by Chris Dong/The Points Guy)

Cards impacted: Citi® / AAdvantage® Executive World Elite™ Mastercard®, Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® and CitiBusiness® / AAdvantage® Platinum Select® Mastercard®

Back in May, Citi announced that if you have the Citi® / AAdvantage® Executive World Elite™ Mastercard® (and opened the card before March 31, 2020), you’ll be offered a one-time, $225 statement credit upon account renewal. That’s a 50% reduction on the annual fee — though reports indicate that it may take a couple of statement cycles after the fee hits for the credit to post.

Also, if you have either the Citi® / AAdvantage® Platinum Select® World Elite™ Mastercard® or CitiBusiness® / AAdvantage® Platinum Select® Mastercard®, you’ll get an extension on the American Airlines companion certificate (if you reached the spending thresholds to earn it).

The information for the Citi AAdvantage Platinum card and CitiBusiness AAdvantage Platinum card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Related reading: How spending on your American Airlines credit card can help you earn Million Miler status

Bank of America

Cards impacted:  Bank of America® Travel Rewards credit card and Bank of America® Premium Rewards® credit card

Travel Rewards cardholders can now also use points toward grocerydining, and takeout through Dec. 31, 2020. This even works for previous purchases in these categories. which means any grocery or dining charges made within the past 12 months can be offset with Travel Rewards points.

For Premium Rewards cardholders, select cardholders received an email about a $50 statement credit to offset dining and grocery purchases through Dec. 31, 2020. This is in addition to the $100 airline incidental statement credit that already comes with this card.

The information for the Bank of America® Travel Rewards credit card and Bank of America® Premium Rewards® credit card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

Capital One

Cards impacted: All Capital One Venture and Savor credit cards

(Photo by John Gribben for The Points Guy)
(Photo by John Gribben for The Points Guy)

Starting July 14, Capital One Savor and Venture cardholders will now earn 5%/5x respectively on Uber Eats purchases. Capital One is running this offer through the end of Jan. 2021. There is no cap to the amount of rewards earned and no registration required.

(Photo by Prasit photo/Getty Images)
Use Capital One miles to offset the cost of food delivery. (Photo by Prasit photo/Getty Images)

Cards impacted: Capital One® Venture® Rewards Credit Card, Capital One® VentureOne® Rewards Credit Card, Capital One® Spark® Miles for Business and Capital One® Spark® Miles Select for Business

Capital One announced an extension of a program where cardholders can redeem Capital One miles for food delivery and streaming services through September 2020.

Cards impacted: Capital One® Savor® Cash Rewards Credit Card and Capital One® SavorOne® Cash Rewards Credit Card

Through Sept. 30, Capital One Savor now earns 4% cash back on some of the most popular streaming services including Netflix, Hulu and Disney+. The Capital One SavorOne will now earn 3% cash back on the same streaming services. This is in addition to the existing category bonuses on the card.

The information for the Capital One Spark Miles, Capital One Spark Miles Select, Capital One Savor, Capital One SavorOne card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.   

Wells Fargo

(Photo by Phil Barker/Future Publishing/Getty Images)
(Photo by Phil Barker/Future Publishing/Getty Images)

Card impacted: Wells Fargo Propel American Express® card

With much of the U.S. still heavily relying on streaming as a major source of entertainment, Wells Fargo expanded its streaming category for the no-annual-fee Wells Fargo Propel. As of June 1, new services that get 3x points include Amazon Prime, Disney, Apple TV+, ESPN+, Headspace, and HBO Now.

The information for the Wells Fargo Propel has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.   

Bottom line

Credit card issuers came out with a plethora of changes in the past couple of months, with many limited-time (and longer-term) benefits set to expire this summer. As these individual card program updates and benefits change in the ensuing weeks, we’ll keep tabs on it to make sure you get the most of the cards in your wallet.  

However, while this is a comprehensive list of the major card updates recently announced — and benefits set to expire — this does not encompass all of our coronavirus-related card coverage. To stay up-to-date on the absolute latest card news, subscribe to our daily TPG newsletter. 

Related reading: Verizon just launched one of the most rewarding no-annual-fee cards

For rates and fees of the Amex Platinum, please click here.
For rates and fees of the Amex Business Platinum, please click here.
For rates and fees of the Amex Green, please click here.
For rates and fees of the Marriott Bonvoy Brilliant Amex, please click here.
For rates and fees of the Hilton Aspire, please click here.
For rates and fees of the Hilton Surpass, please click here.
For rates and fees of the Hilton Amex, please click here.

Featured photo by Jacob Lund/Shutterstock.

Chase Sapphire Preferred® Card

WELCOME OFFER: 60,000 Points

TPG'S BONUS VALUATION*: $1,200

CARD HIGHLIGHTS: 2X points on all travel and dining, points transferrable to over a dozen travel partners

*Bonus value is an estimated value calculated by TPG and not the card issuer. View our latest valuations here.

Apply Now
More Things to Know
  • 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 & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises 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 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.
Intro APR on Purchases
N/A
Regular APR
15.99%-22.99% Variable
Annual Fee
$95
Balance Transfer Fee
Either $5 or 5% of the amount of each transfer, whichever is greater.
Recommended Credit
Excellent/Good

Editorial Disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Disclaimer: The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser’s responsibility to ensure all posts and/or questions are answered.