Chase Sapphire Cards Add Limited Time Bonus Categories, Instacart Credit

Filed Under: Chase, Credit Cards
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Given how much consumer behavior has changed in the past few months, many of the credit card benefits that members used to appreciate most aren’t as valuable anymore. We’ve seen card issuers get creative with perks, to give members an incentive to keep their cards.

In late May, Chase rolled out some limited time benefits on the Chase Sapphire Reserve® Card and Chase Sapphire Preferred® Card, including reduced annual fees, more ways to redeem points, and more flexible credits. Now the card issuer is adding even more temporary perks.

New limited time Chase Sapphire Reserve benefits

The Chase Sapphire Reserve (review) is one of Chase’s most popular premium cards, and ordinarily has a $550 annual fee. The following perks are temporarily being added to the card between July 1 and September 30, 2020:

  • Earn 5x Ultimate Rewards points with Instacart, on up to $3,000 of spending
  • Earn 5x Ultimate Rewards points at gas stations, on up to $1,500 of spending
  • Earn 10x Ultimate Rewards points with select streaming services, on up to $1,500 of spending
  • Receive up to $50 in statement credits towards an Instacart Express membership

These perks are in addition to the perks that were announced in late May, which include:

  • Through September 30, 2020, redeem Ultimate Rewards points for 1.5 cents each towards a statement credit that offsets purchases at dining establishments, grocery stores, and home improvement stores; ordinarily points can only be redeemed for 1.5 cents each towards travel purchases
  • Through December 31, 2020, the $300 annual travel credit can be automatically applied to purchases at gas stations and grocery stores
  • For card renewals between July 1 and December 31, 2020, the $550 annual fee will be lowered to $450

New limited time Chase Sapphire Preferred benefits

The Chase Sapphire Preferred (review) is one of Chase’s mid-range cards, and ordinarily has a $95 annual fee.

The following perks are temporarily being added to the card between July 1 and September 30, 2020:

  • Earn 3x Ultimate Rewards points with Instacart, on up to $3,000 of spending
  • Earn 3x Ultimate Rewards points at gas stations, on up to $1,500 of spending
  • Earn 5x Ultimate Rewards points with select streaming services, on up to $1,500 of spending
  • Receive up to $50 in statement credits towards Instacart Express memberships

These perks are in addition to the perk that was announced in late May:

How do all of these bonuses work?

I figure it makes sense to briefly talk about the restrictions associated with these perks.

What qualifies as a streaming services purchase?

The following streaming services are eligible for 5-10x points with these new perks:

  • GDisney+
  • Hulu
  • ESPN+
  • Netflix
  • Sling
  • Vudu
  • Fubo TV
  • Apple Music
  • SiriusXM
  • Pandora
  • Spotify
  • YouTube TV

Bonus points will post six to eight weeks after an eligible purchase.

Do keep in mind that some Amex cards also have limited time perks, including some cards offering monthly streaming services credits of up to $20.

What qualifies as a gas station purchase?

Merchants in the gas station category include those places that sell automative gasoline that can be paid for either at the pump or inside the station. Merchants that do not specialize in selling automotive gasoline are not included in this category, which includes things like truck stops, boat marinas, oil and propane distributors, and home heating companies.

Bonus points will post six to eight weeks after an eligible purchase.

How do the Instacart benefits work?

For those of you not familiar with Instacart, they essentially offer to deliver groceries from your preferred grocery store.

All Instacart purchases during the eligible period up to the limit count towards the 5x points bonus category, and bonus points will post within six to eight weeks.

As far as the Instacart Express membership goes, this costs either $9.99 per month, or $99 annually (and your $50 credit can be used towards either plan). This includes 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

Bottom line

I’m impressed by all the temporary benefits that are being added to the Chase Sapphire Reserve and Chase Sapphire Preferred, in order to reflect the times.

Being able to earn 3-5x points with Instacart, while also getting a $50 credit, is awesome. On top of that, the 3-5x points on gas, plus 5-10x points on streaming services, are potentially useful as well.

What do you make of these new temporary Chase Sapphire benefits?

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Comments
  1. For what qualifies as a gas station purchase, are club gas station (such as Sam’s, Costco, etc.) excluded?

  2. Does this mean they’re extending the 5x grocery purchases through September 30? Or is that going to expire today?

  3. Does this mean the 5x on Grocery stores expires on 30JUN20 and is being replaced?

    Need to hit the supermarket tonight then!

  4. This is cool, I was a bit meh on the CF’s 5x Amazon/Whole Foods Category so I’m glad I’ll still get 5x gas on Q3. I probably won’t take full advantage of the other 2 perks, though.

  5. Is instacart a “grocery store” purchase that would qualify towards the $300 statement credit?

  6. Do these automatically kick in, or is activation needed (like the Chase Freedom quarterly bonuses)?

  7. Not all that useful for me as I don’t use Instacart, and streaming services go on the Amex Platinum. CFU is good enough for me due to Amazon and WF. Amex will get other grocery spending between now and September.

  8. Last time, Chase extended the grocery benefits to basically all of their cards. Any shot they will do that with these?

  9. Sean M
    Grocery bonus on 5x CSR ends July 31 so you’ve got another month to hit the supermarket.

  10. Instacart groceries cost more than groceries I get by visiting the supermarket. 5x points doesn’t overcome the Instacart cost premium, so I won’t be using either Instacart offer. I don’t use streaming, so that one doesn’t help either. The gasoline offer is the only one that will benefit me, but it’s small bucks for a city dweller like me. If this is the best Chase can come up with, I think I’ll be downgrading my CSR at the end of August.

  11. @Manny

    The bonus on grocery stores on the CSR and CSP ends today, June 30. The only Chase card with a grocery bonus thru the end of July is the Marriott card. All Amex cards that got a grocery bonus carry the bonus thru the end of July. Bummer part of the Amex grocery bonus is that it is much more restrictive on what qualifies, ie no Walmart or Target.

  12. Now if only they’d at least keep the gas multiplier around for the CSR. It makes sense to do so since I can get 3x on the Citi Premier card for a lot less than $550 in AF that I pay on the CSR.

  13. “Through December 31, 2020, the $300 annual travel credit can be automatically applied to purchases at gas stations and grocery stores ”
    We live in DC and work from home. We don’t have a car. We don’t plan to take UBER/LYFT, parking, rental cars or any public transportation. We don’t plan to travel this year or taking the metro. Can we use the $300 annual travel credit toward grocery stores like WholeFoods, Trader Joe’s, Giant, Harris Teeters etc…?

  14. So annoying that these streaming service bonus categories never include Google Play Music or YouTube Music. I wonder if they are billed through the same channel as YouTube TV? Anyone have any experience?

  15. @ Charlie downgrade to what?

    CSR allows the $300 travel credit to be used at supermarkets so next to public transport, taxi and rideshare that’s as good as cash.

    They also keep the $450 fee for this year ($100 statement credit).

    So all you pay for the CSR is $150 plus you get all the bonuses, credits and Priority Pass once going to an airport again.

    Sapphire Preferred is $95 without any side benefit. Why bother to downgrade?

  16. @Stefan,
    I will downgrade to the Freedom Unlimited, a card that has no annual fee and no dependence upon travel. I doubt I will be going to an airport again until 2022 when the virus is less widespread. And, yes, I know about the $300 “grocery” credit and have used it already for 2020.

  17. Do you have a specific notification that confirms the CSR annual fee being reduced to the $450 from now thru the end of 2020? My renewal was assessed July 1st, and they debited $550. Via secure message, I questioned the discrepancy, and they said my fee will not be adjusted for my account.

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