Given how much consumer behavior has changed in the past several weeks, suffice to say that many credit card bonus categories aren’t as useful as they used to be. In particular, credit cards with a travel focus aren’t exactly valuable for most cardmembers right now.
Therefore I expect we’re going to continue to see card issuers get creative with some temporary benefits to account for current circumstances. Yesterday we learned that Marriott credit cards will offer 6x Bonvoy points on grocery store spending. Now we’re seeing much more widespread grocery bonuses from Chase.
Chase offering 3-5x points on groceries
Between May 1 and June 30, 2020, many Chase travel credit cards will offer 3-5x points on grocery purchases, on up to $1,500 of spending per month.
This includes grocery purchases made in-store or delivered through eligible grocery store delivery services (like Instacart). The major exclusions are that warehouse clubs and discount stores are not eligible.
There’s no registration required, so if you have an eligible card then you should automatically earn the bonus.
Which Chase cards are offering bonus points?
The following Chase cards are offering 5x points on groceries:
The following Chase cards are offering 3x points on groceries:
- Chase Sapphire Preferred Card
- Aer Lingus Visa Signature Card
- British Airways Visa Signature Card
- Disney Premier Visa Card
- Hyatt Credit Card
- The World Of Hyatt Credit Card
- Iberia Visa Signature Credit Card
- IHG Rewards Club Premier Credit Card
- IHG Rewards Club Select Credit Card
- Southwest Rapid Rewards Employee Credit Card
- Southwest Rapid Rewards Plus Credit Card
- Southwest Rapid Rewards Premier Credit Card
- Southwest Rapid Rewards Priority Credit Card
- United Explorer Card
- United MileagePlus Card
- United MileagePlus Awards Card
- United MileagePlus Select Card
Keep in mind that not all points are created equal, as they all have different values. For example, one Hyatt point is worth way more than one IHG point.
Which Chase card is best for groceries?
Of the above, the most exciting option here is being able to earn 5x Ultimate Rewards points on groceries with the Chase Sapphire Reserve. The card earns Ultimate Rewards points that I value at ~1.7 cents each, so to me that’s the equivalent of an 8.5% return on grocery store spending, which is incredible.
This is a nice addition from Chase. In particular, being able to earn 5x Ultimate Rewards points on the Sapphire Reserve for grocery store spending is awesome, and it’s definitely something I’ll be taking advantage of.
Which card are you now using for your grocery store spending?