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It had been rumored that Chase was going to drop some fantastic new benefits to their flagship card duo: the Chase Sapphire Preferred and Chase Sapphire Reserve, but today it’s official. We had all the details of the new benefits coming to the cards starting August 16th, 2021. Let’s take a look!
First up the Chase Sapphire Preferred
This card currently holds a position in my wallet, and boy oh boy, they just made it a whole helluva lot better. The annual fee has stayed the same, but they added an absolute deluge of bonus categories, a 10% anniversary bonus, and an annual $50 hotel credit. The beast just got pumped with steroids.
NEW Chase Sapphire Preferred Benefits (starts August 16):
- 5x on all travel purchased through Chase Ultimate Rewards – Chase Travel Portal (beginning 8/16/21)
- 3x on dining, including eligible delivery services for takeout & dining out (beginning 8/16/21)
- 3x on select streaming services (beginning 8/16/21)
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs (beginning 8/16/21)
- $50 Annual Credit on hotel stays purchased via Ultimate Rewards/Chase Travel
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- (beginning 8/16/21)
- 10% Anniversary Bonus
- Every year you keep the card, your total spend will yield a 10% points bonus. If you spend $10k in a year, you’ll get 1k bonus points, Spend $100k, get 10k, etc, etc.
- (beginning 8/16/21)
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel Portal and the slew of other benefits remain in tact including primary rental car insurance, purchase protections, etc.
And the Chase Sapphire Reserve
The granddaddy of the Chase family just got 10x bonus categories. It’ll keep the 1.5c redemption level within Ultimate Rewards/Chase Travel portal, but now has more ways to earn bonus points.
Will I upgrade my Chase Sapphire Preferred to a Reserve? While I think the Reserve was certainly enhanced and the fee remains $550 ( $250 after the travel credit ) – I know I won’t be using Chase dining so the added 10x category doesn’t really help my bottom line. 10x on hotel and car rentals doesn’t do a lot for me either since I primarily book straight from hotels to earn elite benefits and night credits. The 5x air travel is nice when booking via Chase Ultimate Rewards, but I usually use my Amex Platinum and book straight from the airline so I’m sure to earn elite benefits, etc. Long story, short – I doubt I’ll upgrade
New Chase Sapphire Reserve Benefits start August 16:
- 10x on Chase Dining purchases through Ultimate Rewards (beginning 8/16/21)
- everything else is 3x
- 10x on hotel stays and car rentals purchased through Ultimate Rewards (beginning 8/16/21)
- Most other travel is still 3x aside from flights purchased via Ultimate Rewards
- 5x on air travel purchased through Ultimate Rewards (beginning 8/16/21)
- Again most travel outside Chase Travel/Ultimate Rewards is 3x
- “Reserved by Sapphire,”
- Priority reservations at fancy restaurants like Canlis in Seattle, Redbird in Los Angeles, SingleThread Farms in Healdsburg, Calif., Reverence in New York, NY and One Off Hospitality in Chicago.
- 3x on dining worldwide
- $100 Global Entry or TSA Pre✔® fee reimbursement
- Luxury Hotel Collection bennies
- $300 annual travel credit
- Priority Pass membership
- Annual fee stays at $550
Chase Ultimate Rewards Transfer Partners
At the end of the day, it all comes down to what will earn you more of these points. They’re some of the best in the business and I’d contend the easiest to use for beginners based in the US. Several US based partners, and they just added Aeroplan which is incredibly valuable for trips to Asia, Europe, and South America.
The biggest winner here is the Chase Sapphire Preferred – it was absolutely loaded up with new bonus categories, an anniversary bonus, and hotel credit all the while keeping a very palatable $95 annual fee. It’s a heavy contender for the best all around card on the market dollar for dollar.
For those looking to redeem at 1.5c, want the added travel benefits like Priority Pass, Global/TSA credits, 3x dining and travel at a minimum, and massive bonuses when using Ultimate Rewards/Chase Travel – this could be the right choice for you.
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Capital One lit the premium card market on fire when it dropped this card. It quickly was added to our wallet for the following reason!
♥ Earn 100k Bonus Points after $10k Spend in 6 months
♥$300 Annual Travel credit within Capital One Travel Portal
♥2x on every single purchase without limit
♥10x on hotels and car rentals purchased via Capital One Travel
♥5x on airfare purchased within Capital One Travel
♥Erase any travel purchase off your card at a penny a piece with Capital One Travel Eraser
- Access to the Capital One lounge network
- Priority Pass access ( including restaurants for you and two guests ) Authorized Users have access as well
♥ 10k Anniversary Miles every year you keep the card – worth $100 in Capital One Travel or transferred to partners
♥$395 Annual Fee
If you spend more than $400 a year on travel, you’ll quickly offset the annual fee with the $300 travel credit and 10k anniversary bonus. The rest is gravy. And you can add up to 4 Authorized Users fee free!