More Perks for Chase Sapphire Cardholders, Up to 5x on Instacart/Gas and 10x on Streaming

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More Perks for Chase Sapphire Cardholders

Chase Sapphire cardholders have received some generous limited time benefits during the pandemic, while travel perks can’t be used. Cardholders can redeem Chase Ultimate Rewards at 1.25¢ or 1.5¢ for select purchases such as groceries, food deliveries etc. For Chase Sapphire Reserve cardholders, groceries and gas station purchases also count towards the $300 annual credit till the end of the year and the renewal fee will be set at $450 through the end of the year.

Today is also the last day to earn bonus points on grocery purchases with Chase Sapphire credit cards. You can earn 5X if you have the Chase Sapphire Reserve and 3x with the Chase Sapphire Preferred.

Now both credit cards are getting more limited time perks for the next three months, for Instacart, gas stations and streaming.

Chase Sapphire Reserve

Chase Sapphire Reserve is a card with am annual fee of $550 ($450 renewals through the end of the year). Starting July 1 and running through September 30, Chase Sapphire Reserve cardholders will earn 5x bonus points for every dollar spent on purchases at gas stations and Instacart grocery delivery and pickup orders. They will also earn 10x on select streaming services.

Cardholders will also get up to $50 in statement credits toward an Instacart Express membership, which offers unlimited $0 delivery fees and reduced service fees on all orders over $35. No activation is required for these limited-time benefits. Here’s a list of the benefits:

  • 5x Ultimate Rewards points with Instacart, on up to $3,000 of spending
  • 5x Ultimate Rewards points at gas stations, on up to $1,500 of spending
  • 10x Ultimate Rewards points with select streaming services, on up to $1,500 of spending.
  • $50 in statement credits towards an Instacart Express membership

Chase Sapphire Preferred

Chase Sapphire Preferred cards ($95 annual fee) also get added benefits. Starting July 1 and running through September 30, Chase Sapphire Preferred cardholders earns 3x bonus points for every dollar spent on purchases at gas stations and Instacart grocery delivery and pickup orders. They will also earn 5x on select streaming services. They also get up to $50 in statement credits toward an Instacart Express membership. No activation is required for these limited-time benefits.

  • 3x Ultimate Rewards points with Instacart, on up to $3,000 of spending
  • 3x Ultimate Rewards points at gas stations, on up to $1,500 of spending
  • 5x Ultimate Rewards points with select streaming services, on up to $1,500 of spending
  • $50 in statement credits towards Instacart Express memberships

Guru’s Wrap-up

It’s good to see more benefits added to the Chase Sapphire Reserve and Chase Sapphire Preferred for the next three months. Earning 5x on Instacart orders and gas station purchases should be useful for everyone. I wish the limits were a bit more generous than $3,000 and $1,500 respectively though.

You also get up to 10x with select streaming services. Amex Platinum cardholders get $20 monthly credit for now, so that’s the best way to go if you have that card.

These limited-time benefits are available to both existing and new Sapphire Reserve and Sapphire Preferred card holders. If you don’t already have a Chase Sapphire card, there are also welcome bonuses available, although not the highest we have see. You can earn a 50,000 Ultimate Rewards bonus on the Chase Sapphire Reserve after you spend $4,000 in the first three months after opening the account, or a 60,000 Ultimate Rewards bonus on the Chase Sapphire Preferred after spending $4,000 in the first three months.

If you already have the card, today you should just focus on squeezing in some more grocery purchases with your Chase Sapphire cards to earn up to 5x Ultimate Rewards points.

HT: One Mile At a Time

DannyDealGuru has partnered with CardRatings for our coverage of credit card products. DannyDealGuru and CardRatings may receive a commission from card issuers. Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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