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DOC pointed out that The Chase Sapphire Preferred and Reserve will both get some new perks and bonus categories. It seems this is a response to Amex adding their own set of statement credits and bonuses ( Personally I think Amex did a better job). Let’s take a look at how you can earn up to 10x on certain category bonuses:
If you have a Chase Sapphire Preferred – valid July 1st until September 30th
Note that will earn the bonuses on up to $1500 on COMBINED purchases.
- Gas Stations
- 3x on purchases
- Select Streaming Services
- 5x on purchases
- Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
- Instacart
- 3x
- 3 months free on the monthly plan…$9.99 credit for 3 months
If you have a Chase Sapphire Reserve – valid July 1st until September 30th
- Gas Stations
- 5x on purchases
- Select Streaming Services
- 10x on purchases
- Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
- Instacart
- 5x
- $50 statement credit against annual instacart Express membership
Overall:
If you hold either of these two cards you now have more options to earn a higher rate of return on your purchases. I would note that the Amex Platinum also has a $20 per month statement credit against streaming services so it may be wise to utilize the Sapphire bonuses alongside the Amex credits to maximize discount and rate of earn. We have been using Instacart a lot, and I know that earning 5x is pretty awesome, as is that $50 Express discount. My fiancee carries a Reserve and we will be looking to push Instacart via her card.
Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Chase Sapphire Preferred® Card
Welcome Offer
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening.
Annual Fee
$95
Points Earned
Transferrable Chase Ultimate Rewards
- 5x on all travel purchased through Chase Travel℠
- 3x on dining, including eligible delivery services for takeout & dining out
- 3x on select streaming services
- 3x on online grocery purchases
- (excluding Target, Walmart and wholesale clubs)
- $50 Annual Chase Travel Hotel Credit via Chase Travel℠
- The begins immediately for new cardmembers and after your account anniversary for existing cardmembers
- 2x on all other travel
- 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
- Chase Sapphire Preferred continues to redeem at 1.25c in the Chase Travel℠ and the slew of other benefits remain in tact including Auto Rental Collision Damage Waiver ( primary ), purchase protections, etc.
- Points are transferrable to 14 Ultimate Rewards partners
- Redeem in Chase Travel℠ for 1.25 cents per point
- No foreign transaction fees
- Suite of Travel and Purchase Coverage
- Auto Rental Collision Damage Waiver is my favorite
- Get complimentary access to DashPass which unlocks $0 delivery fees and lower service fees for a minimum of one year when you activate by December 31, 2027.
- $95 Annual Fee
We keep an up to date spreadsheet that lists the best ever offers: You can find that spreadsheet here.
Historically 80k is a very, very good offer and hit in both 2022 and 2023. In 2021, we saw the offer hit an all time high of 100k. Who knows if that will ever come back.
Main Cast:
Cards that earn flexible points and should be used on the bulk of your purchases.
Supporting Cast:
Cards that earn fixed points in the currency of the airline/hotel and can not be transferred at attractive rates. These cards yield benefits that make it worth keeping, but not necessarily worth putting a lot of your everyday spend on.
The Chase Sapphire Preferred® is exceptional starter card and offers transferrable Ultimate Rewards, and pairs well with other Chase cards.
If you carry this card alongside Chase’s cashback cards like the Chase Freedom Flex® and Chase Freedom Unlimited® or the business versions: Ink Business Cash® , Ink Business Unlimited® you can combine the points into Preferred account and transfer into hotel and airline partners
Annual fee is quite low at $95 a year + you get a 10% anniversary bonus on points + $50 hotel credit in Chase travel.
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