Chase adds new Sapphire perks and benefits with up to 10x on limited-time categories

Jun 30, 2020

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As the effects of the coronavirus pandemic continue, U.S. spending habits have shifted dramatically from even earlier this year. While road trips are sputtering back to life, travel overall is still dramatically down.

Since April, credit card issuers have been quick to catch on, adding in new limited-time bonus categories, annual-fee reductions, and other credits that could be used from home. These changes were intended to keep certain cards — especially travel rewards cards — to be top of mind for those that hold them.

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Just last month, Chase announced a slew of benefit updates for two of its most popular cards — the Chase Sapphire Preferred Card and Chase Sapphire Reserve. Those perks included the new Pay Yourself Back program and flexible use of the Sapphire Reserve’s $300 travel credit.

Now, Chase is back with yet another round of extras specifically for its Sapphire lineup — and it all starts on July 1.

In This Post

Chase Sapphire Reserve

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

Limited-time perks on Instacart through Sept. 30:

  • 5x points on 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 at gas stations — on up to $1,500 across the three-month promotional period
  • 10x points on select streaming services (such as Spotify or Netflix) — on up to $1,500 across the three-month promotional period

Related reading: Review of the Chase Sapphire Reserve

Chase Sapphire Preferred

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

Limited-time perks on Instacart through Sept. 30:

  • 3x points on 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:

  • 3x points at gas stations — on up to $1,500 across the 3-month promotional period
  • 5x points on select streaming services (like Spotify or Netflix) — on up to $1,500 across the three-month promotional period

Related reading: Review of the Chase Sapphire Preferred

Details of the limited-time perks

Chase Sapphire Reserve cardmembers will earn 5x total points and Chase Sapphire Preferred will earn 3x total points on all Instacart delivery and pickup orders – up to $3,000 in spend across the three months. In addition, cardmembers will also receive up to $50 in statement credits towards an Instacart Express membership (annual or monthly) — including $0 delivery fees and reduced service fees on orders of $35 or more.

With a new, limited-time bonus on gas, Sapphire Reserve cardmembers will earn 5x total points and Sapphire Preferred cardmembers will earn 3x total points – on up to $1,500 in spend across the three months.

Finally, Chase is also announcing a new bonus on select streaming services including Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV. Sapphire Reserve cardmembers earn 10x total points and Sapphire Preferred cardmembers earn 5x total points. This also can be used on up to $1,500 in spending across the three-month promotional period.

For all of these offers, no activation is required and they will automatically begin on July 1 and end on Sept. 30, 2020.

Are the limited-time perks worth it?

Instacart bonus Gas bonus Streaming services bonus
Chase Sapphire Reserve 5x points / worth 10 cents* 5x points / worth 10 cents* 10x points / worth 20 cents*
Chase Sapphire Preferred 3x points  / worth 6 cents* 3x points / worth 6 cents* 5x points / worth 10 cents*

*Bonus valuation based on TPG valuation and not provided by issuers. 

(Denver Post Photo by Cyrus McCrimmon)
Sapphire cardholders now receive more points for Instacart deliveries. (Denver Post Photo by Cyrus McCrimmon)

Delivery and pickup through Instacart open the door to a hefty bonus at a number of retailers, including groceries and other household items. From Costco to Petco to Target and more, it will be easy for many cardholders to maximize this bonus during the three-month span.

Like the previously offered grocery bonus. the increased earnings on gas and streaming are new categories entirely — complementing the existing travel and dining bonuses on the Chase Sapphire Reserve and Chase Sapphire Preferred.

Finally, with a $50 credit to Instacart Express, you would be able to receive half off of an annual subscription or three months free on a monthly plan.

(Photo courtesy of Instacart)
(Photo courtesy of Instacart)

With an Instacart Express membership, you’ll get the following perks:

  • $0 delivery fees on orders of $35 or more (typically $3.99-$7.99 for non-Express)
  • Reduced service fees (typically 5% for non-Express)
  • No busy pricing fees during peak delivery hours

Related reading: Guide to online grocery delivery services

Bottom line

With the limited-time grocery bonus ending on most Chase cards, this is a stellar replacement — as long as you are a Chase Sapphire Preferred or Chase Sapphire Reserve cardholder. Chase appears to be doubling down on benefits for its most popular cards, which ultimately leaves some Chase cardholders in the dark.

If you’re currently a Sapphire cardholder — or interested in applying — these offerings through Sept. 30 can be a lucrative addition to your summer spending. Even if you aren’t yet comfortable traveling far from home, you’ll be able to maximize these bonuses with delivery and pickup, driving around town, or streaming yet another movie from the couch.

Featured photo by The Points Guy.

Chase Sapphire Preferred® Card

WELCOME OFFER: 80,000 Points

TPG'S BONUS VALUATION*: $1,600

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 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 airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 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

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