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You gotta eat, right?
Over the course of 2020, we’ve seen credit card issuers add temporary and long-term perks to cards in an attempt to keep customers engaged while spending habits were changing.
Today, these perks continue to evolve on many cards.
CHASE SAPPHIRE CARDS
Chase Bank has just announced that starting in less than a week, they will be adding some additional perks to both the Chase Sapphire Preferred and the Chase Sapphire Reserve.
More specifically, between 1 November 2020 and 30 April 2021:
- Chase Sapphire Preferred: 2x per dollar on grocery store purchases, on up to $1000 per month
- Chase Sapphire Reserve: 3x per dollar on grocery store purchases, on up to $1000 per month
Receiving bonus points on grocery store purchases seems to be a popular category as we’ve seen several issuers add this perk over the last several months.
It’s worth noting that the Chase Sapphire Reserve had also amended its “$300 annual travel credit” to also include gas and grocery spend. In other words, not only are card members being reimbursed for airline purchases, parking garage, tolls, rental cars, etc. but you are also being reimbursed for filling up your car (or the rental car) and buying groceries.
When it comes to obtaining credit cards, the landscape is changing and card members have to consider if it’s worth paying a premium for a card like the American Express Gold card ($250 annual fee and 4x at grocery stores) when Chase is offering not only reimbursement and/or additional points on the same purchases but you also have the ability to use the “Pay Yourself back” program and redeem points and not have to pay any money at all.
In combination with a no annual fee card like the Chase Freedom Unlimited or the new Chase Flex card, the opportunities are endless.
|Chase Sapphire Preferred Card – This is my favorite beginners travel rewards card which has a welcome bonus of 80,000 points (highest ever) after you spend $4,000 on purchases in the first 3 months from account opening.|
|Chase Sapphire Reserve – The current welcome bonus is 50,000 points after you spend $4,000 on purchases in the first 3 months from account opening. You’ll also get a $300 travel credit per year which wipes away a big chunk of the $450 annual fee.|
|Chase Freedom Unlimited – This simple, no annual fee card will earn you a $150 welcome bonus after you spend $500 in your first 3 months. You will earn an easy 1.5% back on all purchases.|
Recognizing the Chase Sapphire Preferred Card has a $95 annual fee and is currently offering a 80,000 point welcome bonus, and you have the ability to “pay yourself back” makes it a hard card to pass up. So if you don’t have it, remember that the offer ends next week too.
What do you think about this offer?