Chase Sapphire Preferred Adds $50 Grocery Credit For New Members

Filed Under: Chase, Credit Cards
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The Chase Sapphire Preferred® Card has just made its new member bonus even more compelling.

Earn 60K points plus $50 grocery credit

The Chase Sapphire Preferred is now offering a two-part bonus for new cardmembers:

  • Earn 60,000 bonus Ultimate Rewards points after spending $4,000 within three months
  • Receive a one-time automatic statement credit of up to $50 on grocery store purchases; eligible purchases within the first 12 months will be automatically applied to the credit, and there’s no spending threshold to be eligible for it

That bonus of 60,000 points was previously available, so what’s new here is receiving a statement credit of up to $50. The card has a $95 annual fee, so if you want to look at it differently, the $50 credit may more than cover half of your annual fee.

Unfortunately this up to $50 credit isn’t available to existing cardmembers. However, both new and existing cardmembers can earn 2x points on up to $1,000 in monthly grocery store purchases through April 30, 2021. That promotion had previously been announced, and is ongoing.

Why you should get the Sapphire Preferred

The Chase Sapphire Preferred is one of the most well rounded mid-range cards out there. The card:

Read a full review of the Chase Sapphire Preferred here.

Bottom line

If you’ve been considering the Chase Sapphire Preferred, now is a great time to get the card. Not only is the card offering a bonus of 60,000 points, but it’s also offering a grocery credit of up to $50.

This is a popular card, so if you’re eligible for the card and don’t have it, I’d recommend considering this offer.

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Comments
  1. I wish there were perks for existing card holders. This card hasn’t been of much use to me since the pandemic started.

  2. 48 months for ‘new’ cardholder bonus, right? Pretty good deal for those of us who dropped their CSR recently after getting it in 2016

  3. Any idea how long this will last? I am waiting to see if the CSR fee increase will be waived again this year before I switch to a CSP.

  4. @ ArnoldB — That’s the Alila Ventana Big Sur, which can be booked with Hyatt points (which you can transfer from Chase Ultimate Rewards).

  5. @ Xtina — Unfortunately Chase hasn’t published how long this offer will last. Generally speaking Chase limited time offers seem to be valid an average of somewhere around a few months, but it does vary significantly.

  6. Will Chase allow me to get the 50.00 grocery credit if I use my brothers Chase referral link too in opening up a new preferred card?

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