Even at a time when travel is limited, these popular travel credit cards from Chase remain valuable for cardholders.
Credit card issuers are adapting to these new patterns as well.
On Oct. 20, Chase announced it will be temporarily adding grocery rewards to the Chase Sapphire Preferred® Card* and Chase Sapphire Reserve®. This comes on top of other limited time offers the issuer has recently added, such as limited time redemption options through Pay Yourself Back and gas and grocery store purchases counting toward the Reserve card’s $300 travel credit.
See related: Guide to Chase Pay Yourself Back
“Throughout this very unique year, we’ve provided our cardmembers flexibility and options to get the most out of their cards… as well as limited time opportunities to earn more points on certain spending,” Chase said in a statement. “We want to continue to give our cardmembers ways to maximize value where they are spending today.”
How the limited time grocery rewards will work
Starting Nov. 1, 2020 and running through April 30, 2021, Sapphire Reserve cardmembers will earn 3 points per dollar on grocery store purchases, and Preferred cardmembers will earn 2 points per dollar, up to $1,000 in purchases per month. According to the issuer, this will be automatic for existing and new cardmembers.
See related: Best credit cards for grocery shopping
This provides cardholders with an excellent opportunity to earn some of the most valuable travel points while travel is still limited.
The new offer also makes Sapphire cards more competitive when compared with the recently updated Chase Freedom card suite. In August, the issuer replaced the Chase Freedom with the Chase Freedom Flex and added three new valuable rewards categories to both the Freedom Flex and Chase Freedom Unlimited, namely, bonus cash back on travel purchased through Chase Ultimate Rewards and on dining and drugstore purchases.
Considering neither Freedom card charges an annual fee and both earn Chase Ultimate Rewards points, some cardholders may be wondering if an expensive card like the Chase Sapphire Reserve is worth keeping during this time when most of its premium travel perks might go unused.
Fortunately, all the limited time offers coupled with temporary grocery rewards make it much easier to get value of these popular travel cards – even when you’re not traveling.
Chase Sapphire cards value: at a glance
|Newly added limited-time benefits||Cardmembers earn more on grocery store purchases: Nov. 1, 2020 – April 30, 2021|
Gas and grocery purchases count toward Sapphire Reserve $300 travel credit:
|Cardmembers earn more on grocery store purchases: Nov. 1, 2020 – April 30, 2021|
While travel isn’t the most lucrative rewards category at the moment, your Chase Sapphire card can still bring you plenty of value, especially given the newly-added temporary rewards categories and other limited time offers.
*All information about the Chase Sapphire Preferred Card has been collected independently by CreditCards.com and has not been reviewed by the issuer. This offer is no longer available on our site.