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

2d ago

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.

Editor’s note: This is a recurring post that is updated monthly as issuers announce temporary benefits. 


For more than a year, credit card issuers adjusted to a temporary normal where people were traveling less. However, with vaccine distribution accelerating, more robust domestic travel is now returning — with international travel to follow soon

While many issuers have returned back to business-as-usual card benefits, several continue to offer limited-time non-travel perks. Each month, we’ll be compiling a list of some of the major card benefit updates that were recently announced to keep you in the know. 

Whether you missed the news or want to maximize a bonus that’s set to expire, let’s dive right into what benefit updates we’re paying attention to for May 2021 — issuer by issuer — for some of the best credit cards on the market today.

Want the latest card benefits sent to your inbox? Sign up for our TPG daily newsletter.

In This Post

American Express

In early 2021, Amex unveiled an array of updated card benefits for both Membership Rewards-earning cards and cobranded credit cards. These limited-time promotions were all announced as part of changes to keep cardholders engaged during the pandemic. 

Top card benefit updates

Here is a card-by-card look at each of the Amex changes. 

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

Card impacted: The Platinum Card® from American Express

  • Up-to-$30 monthly PayPal credit through June 30, 2021
  • Potentially get hundreds in value from exclusive Amex Offers
  • Get a complimentary Uber Eats Pass membership for up to 12 months (required to enroll by Dec. 31, 2021). Uber Eats Pass will auto-bill starting 12 months from initial enrollment in this offer, at the then-current monthly rate.*
  • $550 annual fee (see rates and fees)

Card impacted: The Business Platinum Card® from American Express

  • Current cardmembers earn 5x Membership Rewards points on eligible U.S. purchases made across shipping, wireless, advertising, gas and office supplies categories
    • Valid through June 30, 2021, and you can earn up to a total of 80,000 bonus points per category
    • You must activate these elevated bonuses through Amex Offers.
  • $595 annual fee (see rates and fees)
  • Eligibility for this offer is limited. Enrollment is required in the Amex Offers section of your account before redeeming.
Delivery Cyclist with Green Uber Eats Backpack
(Photo by Wiewimage/Shutterstock)

Card impacted: American Express® Gold Card

Card impacted: American Express® Green Card

The information for the Amex Green 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.

(Photo by Wyatt Smith/The Points Guy)
(Photo by Wyatt Smith/The Points Guy)

Cards impacted: Select Delta Amex cards

Whether you’re dining in or taking out, select cobranded Amex cardholders can earn up to $20 per month in card statement credits at U.S. restaurants through the end of 2021, depending on the type of card. To qualify, you must have been a cardholder as of Jan. 1, 2021 and enrollment is required in the Amex Offers section of your account before redeeming.

Delta SkyMiles® Gold American Express Card: up to $10 back per month at U.S. restaurants through December 2021

Delta SkyMiles® Platinum American Express Card: up to $15 back per month at U.S. restaurants through December 2021

Delta SkyMiles® Reserve American Express Card: up to $20 back per month at U.S. restaurants through December 2021

(Photo by The Points Guy)

For small-business cardholders, you can earn up to $20 per month in statement credits through December on U.S. wireless telephone services.

According to Amex, for something to qualify under this category, “the purchase must be for monthly wireless telephone service charges and made directly from a wireless telephone service provider in the United States.” Eligibility for these offers is limited. Enrollment is required in the Amex Offers section of your account before redeeming.

Delta SkyMiles® Gold Business American Express Card: up to $10 back per month on U.S. wireless services through December 2021

Delta SkyMiles® Platinum Business American Express Card: up to $15 back per month on U.S. wireless services through December 2021

Delta SkyMiles® Reserve Business American Express Card: up to $20 back per month on U.S. wireless services through December 2021

Screenshot courtesy of Amex

Bonus points on Delta purchases: Eligible Delta Gold, Platinum and Reserve Amex cardholders can earn 5x miles (that’s up to 3x additional miles on top of the miles they already earn) on eligible Delta purchases through Dec. 31, 2021.

Status Boost offer: Additionally, as previously reported, in 2021, you’ll be able to receive 25% more Medallion Qualification Miles with an elevated Status Boost perk. This will help cardholders reach Medallion status faster — and is open to both current and new card applicants.

Cards impacted: Select Hilton Amex cards

Hilton Honors American Express Card: up to $5 back per month at U.S. restaurants through December 2021

Hilton Honors American Express Surpass® Card: up to $10 back per month at U.S. restaurants through December 2021

Hilton Honors American Express Aspire Card: up to $20 back per month at U.S. restaurants through December 2021

The information for the Hilton Aspire 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.

The Hilton Honors American Express Business Card: up to $10 back per month on U.S. wireless services through December 2021

(Photo by John Gribben for The Points Guy)

 

Card spend offer, up to 100,000 Honors bonus points: You can earn 10,000 additional Hilton Honors bonus points — worth $60 according to TPG valuations — after spending $5,000 on purchases (up to 10 times) through June 30, 2021.

Bonus points earned through eligible purchases through Dec. 31, 2021, will be considered base points that count toward elite tier qualification and lifetime Diamond status.

All newly issued free weekend night reward certificates will be valid through Dec. 31, 2022 (and will be valid any night of the week).

Cards impacted: Select Marriott Amex cards

(Photo by Eden Batki/The Points Guy)

Marriott Bonvoy American Express Card: $10 back per month at U.S. restaurants through December 2021

  • No longer open to new cardholders

Marriott Bonvoy Brilliant™ American Express® Card: up to $20 back per month at U.S. restaurants through December 2021

Marriott Bonvoy Business™ American Express® Card: up to $15 back per month on U.S. wireless services through December 2021

Card spend offer, up to 75,000 Bonvoy bonus points: You can earn 7,500 additional Marriott Bonvoy points — worth $60 according to TPG valuations — after spending $7,500 on purchases (up to 10 times) through Dec. 31, 2021. Note that eligibility for this offer includes the Marriott Bonvoy BrilliantMarriott Bonvoy Business, and select Marriott Bonvoy cardmembers.

‘Appreciation credit’ across many Amex cards

In addition to these updates, Amex also announcedappreciation 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.

Top card bonuses and benefits that are ending

Keep in mind that Amex’s monthly and biannual card benefits (such as the up to $120 annual dining credit with the American Express Gold Card, the Uber Cash and Saks credit with the Amex Platinum) do not rollover, so if you don’t use them in the month, half-year, or year (depending on the exact perk), then its value entirely goes away. Enrollment required for select benefits.

Related: Here’s how to use (and track) your March Amex statement credits

Chase

Chase made significant updates last fall for the Chase Sapphire Preferred Card, Chase Sapphire Reserve and many other Chase cobranded travel cards.  Additionally, Chase announced that several programs will be extended well into 2021 — including the popular Pay Yourself Back points redemption option.

Top card benefit updates

Cards impacted: Chase Sapphire Preferred and Chase Sapphire Reserve

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

Peloton credit and bonus category: From now through Dec. 31, 2021, Sapphire cardholders will get statement credits that can be used to cover monthly Peloton Digital ($13) and All-Access ($39) memberships. Additionally, you can now earn up to 10x points on select Peloton purchases.

  • Chase Sapphire Reserve: Up to $120 in statement credits
    • 10x points on Peloton Bike, Tread and accessory purchase over $1,800, with a max earn of 50,000 points.
  • Chase Sapphire Preferred Card: Up to $60 in statement credits
    • 5x points on Peloton Bike, Tread and accessory purchase over $1,800, with a max earn of 25,000 points.

Travel credit: You can use the Sapphire Reserve’s $300 annual travel credit on purchases at grocery stores and gas stations through Dec. 31, 2021. 

(Photo by AsiaVision/Getty Images)

Pay Yourself Back: Cardholders can maximize cash back with Chase’s Pay Yourself Back.

This 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 offset purchases at grocery stores and home improvement stores and dining establishments. This has been extended through Sept 30, 2021. 

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

Cards impacted: Select Chase cobranded airline and hotel cards (targeted)

5x points on groceries, gas and drugstores (targeted)

Through June 30, many Chase cobranded travel cards have been targeted to offer some bonus earnings in the highly competitive grocery category. Select cobranded Chase cards get the bonus on gas, restaurant and drugstore purchases, too.

Related: Here are all the ways you can earn bonus points with Chase cards right now

Citi

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

Top card benefit updates

Card impacted: Citi Prestige® Card

Citi announced Citi Prestige changes that temporarily expanded the criteria for its $250 travel credit. In 2021, you’ll continue to be able to use it on supermarkets and restaurants.

The information for the 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.

Capital One

(Photo by The Points Guy)

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 June 30, 2021.

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

Through June 30, 2021, Capital One Savor, already one of the best cash-back credit cards on the market today, 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 Select and the Capital One Savor 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.

Bottom line

Credit card issuers launched value-added perks in the past year, with many limited-time (and longer-term) benefits set to expire in the coming months.

As these individual card program updates and benefits change in the ensuing months, we’ll keep tabs on it to make sure you get the most of the rewards credit cards in your wallet.

However, while this is a list of the major card updates recently announced — and benefits set to expire — this does not encompass all of COVID-19-related card coverage. To stay up-to-date on the absolute latest card news, subscribe to our daily TPG newsletter.

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

For rates and fees of the Delta SkyMiles Platinum card, please click here.
For rates and fees of the Delta SkyMiles Platinum Business card, please click here.
For rates and fees of the Delta SkyMiles Gold card, please click here.
For rates and fees of the Delta SkyMiles Gold Business card, please click here.
For rates and fees of the Delta SkyMiles Reserve card, please click here.
For rates and fees of the Delta SkyMiles Reserve Business card, please click here.

*For Uber Eats Pass terms and conditions, click here.

Featured photo by The Points Guy. 

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,650

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 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases within your first year of account opening.
  • Earn 2X points on dining including eligible delivery services, takeout and dining out and travel. Plus, earn 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, 80,000 points are worth $1,000 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.
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.