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Over the course of the past few months, consumer spending behavior has changed dramatically and credit cards companies have taken notice. We are now seeing card issuers “refresh” credit card bonus categories to encourage spending and fend off card cancelations.
Yesterday, we saw Amex introduce new bonus perks on several cards and as many travel card perks are rendered useless during this pandemic, I suspect we may see new perks across the board (at least if the card company wants to stay profitable).
Not to be outdone, Chase announced they are adding grocery store bonuses to their travel cards where consumers can earn up to 5x. Let’s take a look at the details…
UP TO 5X ON GROCERIES
If there’s one constant in this world, it’s that we all have to eat. And to tempt you to swipe your Chase credit card before any other card, Chase has increased the amount of points your will receive on grocery purchases. Between now and 30 June 2020, a large majority of Chase cards will obtain 3-5x points on these grocery purchases (up to $1,500 of spending per month).
No registration is required and will include all grocery purchases made in-store or delivered through delivery services (e.g. Instacart). It is worth noting that the big warehouse stores are excluded.
SO WHAT CARDS EARN WHAT RATE?
In short, this is how it shakes out:
- Chase Sapphire Reserve (5x)
- United Club, United Club Infinite, United Presidential Plus card (5x)
- Chase Sapphire Preferred (3x)
- Aer Lingus, British Airways, and Iberia Visa Signature card (3x)
- The World Of Hyatt Credit Card and (old) Hyatt card (3x)
- IHG Rewards Club Premier and (old) IHG Select card (3x)
- Southwest Rapid Rewards Plus, Premier, and Priority card (3x)
- United Explorer, United MileagePlus, and United MileagePlus Select Card (3x)
It’s worth noting that just because one card earns 3x and another card earns 3x, they are NOT equal. For example, 3x on the Hyatt card is way more valuable than 3x on an IHG card. Likewise, 5x on the Sapphire Reserve is more valuable than 5x on the United Infinite card. If you are debating between cards and don’t know which one to use, feel free to drop me a comment below.
Pro-Tip: You can transfer points from the Sapphire Reserve to your United account. 😉
Out of the cards listed above, the 5x on the Chase Sapphire Reserve is the most exciting.
Although this bonus is better than nothing, I feel it falls a bit short compared to the announcement from Amex yesterday but both opportunities are something I’ll definitely be utilizing over the next few weeks.
Do you plan to use one of the Chase cards listed above for groceries instead of another card because of the new bonus?