Chase Sapphire Preferred, Sapphire Reserve: New Benefits July 2020

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New added benefits as of July 2020. The Chase Sapphire Preferred card and Chase Sapphire Reserve card have been very popular for their generous travel and dining perks, but right now travel and dining aren’t really happening. Chase has wisely adjusted their rewards program for this new environment, in addition to the recently-added Doordash benefits. I will definitely be taking advantage of these new earning perks, although I’m still leaning slightly towards keeping my points to redeem toward a Hyatt hotel vacation one day…

Chase Sapphire Preferred new changes:

  • 3x points at Instacart. Earn 3x total points on all Instacart deliveries and pick-ups—groceries, household items, pharmacy and more—on up to $3,000 in purchases from July 1 to September 30, 2020. No activation required, just use your Sapphire card and you’ll earn points automatically.
  • Up to $50 towards Instacart Express membership. Earn up to $50 in statement credits toward a yearly or monthly Instacart Express membership, which provides unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $35. Just use your Sapphire card to pay for the Express membership fee between July 1 and September 30, 2020 to receive the credit. Membership auto-renewal can be changed or canceled at any time before renewal.
  • 3x points at gas stations. Earn 3x total points on gas station purchases on up to $1,500 in spend from July 1 to September 30, 2020. There’s no activation required—you’ll earn points automatically.
  • 5x points on select streaming. Earn 5x total points on select streaming services on up to $1,500 in spend from July 1 to September 30, 2020. Includes Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
  • Redeem Ultimate Rewards points at 1.25 cents per points towards grocery store, dining (including takeout and eligible delivery services), and home improvement stores such as Home Depo® and Lowes. (Previously only travel through their portal.) “With the Pay Yourself BackSM tool, your Ultimate Rewards® points are worth 25% more when you redeem them for statement credits against purchases in our current categories: grocery stores, dining (including restaurants, takeout, and eligible delivery services), and home improvement stores such as Home Depot® and Lowes®. Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and you’ll get a statement credit. Take advantage of this promotion through September 30, 2020.1”

Chase Sapphire Reserve new changes:

  • 5x points at Instacart. Earn 5x total points on all Instacart deliveries and pick-ups—groceries, household items, pharmacy and more—on up to $3,000 in purchases from July 1 to September 30, 2020. No activation required, just use your Sapphire card and you’ll earn points automatically.
  • Up to $50 towards Instacart Express membership. Earn up to $50 in statement credits toward a yearly or monthly Instacart Express membership, which provides unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $35. Just use your Sapphire card to pay for the Express membership fee between July 1 and September 30, 2020 to receive the credit. Membership auto-renewal can be changed or canceled at any time before renewal.
  • 5x points at gas stations. Earn 5x total points on gas station purchases on up to $1,500 in spend from July 1 to September 30, 2020. There’s no activation required—you’ll earn points automatically.
  • 10x points on select streaming. Earn 10x total points on select streaming services on up to $1,500 in spend from July 1 to September 30, 2020. Includes Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
  • Redeem Ultimate Rewards points at 1.5 cents per points towards grocery store, dining (including takeout and eligible delivery services), and home improvement stores such as Home Depo® and Lowes. (Previously only travel through their portal.) “With the Pay Yourself BackSM tool, your Ultimate Rewards® points are worth 50% more when you redeem them for statement credits against purchases in our current categories: grocery stores, dining (including restaurants, takeout, and eligible delivery services), and home improvement stores such as Home Depot® and Lowes®. Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and you’ll get a statement credit. Take advantage of this promotion through September 30, 2020.”
  • $300 annual travel credit counts towards gas station and grocery store purchases. “Now enjoy more flexibility with your annual $300 Travel Credit. From June 1 through December 31, 2020, gas station and grocery store purchases will also count toward earning your Travel Credit. You’ll also earn points on these purchases (and, as always, after your first $300 in travel purchases, you’ll immediately start earning 3x points on travel).”
  • Annual fee renewal $100 discount. Sapphire Reserve annual fee renewals through the end of 2020 will be $450 instead of the normal $550. This is only for renewals, not new cardmembers.
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Comments

  1. Thanks for the info Jonathan. I have the chase sapphire reserve card and had no idea about these benefits until reading your blog.
    I’m disappointed chase never promoted these new perks to me.

  2. Jared Ross says

    I have searched my Chase app and Chase website and cannot for the life of me find the Pay Yourself Back Tool. Anyone figured it out?

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