Chase Sapphire Preferred, Sapphire Reserve: New Benefits November 2020

Newly added and extended benefits as of November 2020. The Chase Sapphire Preferred card and Chase Sapphire Reserve card have been very popular for their generous travel and dining perks, but right now travel and dining aren’t really happening. Chase has adjusted their rewards program for this new environment, including the following:

Chase Sapphire Preferred new changes:

• New: 2X points at Grocery Stores. 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021, including pickup and eligible grocery store delivery services. It’s automatic—no activation required.
• Extended through April 2021: Redeem Ultimate Rewards points at 1.25 cents per points towards grocery store, dining, and home improvement stores. (Previously only travel through their portal.) Through April 30, 2021, your points are worth 25% more when you redeem them for statement credits after using your card at grocery stores and dining at restaurants (including takeout and eligible delivery services), home improvement stores and select charitable organizations. Footnote1(Opens Overlay) Just choose an eligible purchase made with your Sapphire Preferred card from the past 90 days. Then, apply the points for all or part of the purchase and receive a statement credit.
• 12+ months of included DashPass membership. For a minimum of one year, enjoy a complimentary DashPass, DoorDash’s subscription service that provides unlimited restaurant deliveries with $0 delivery fee and reduced service fees on eligible orders over $12 on DoorDash and Caviar. Activate by December 31, 2021.

If you earn 2x points on a grocery store purchase, and can use those points at 1.25 cents per point towards grocery store purchases using the Pay Yourself Back tool, that works out to 2.5% cashback towards grocery store purchases.

Chase Sapphire Reserve new changes:

• New: 3X points at Grocery Stores. 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021, including pickup and eligible grocery store delivery services. It’s automatic—no activation required.
• Extended through April 2021: Redeem Ultimate Rewards points at 1.50 cents per points towards grocery store, dining, and home improvement stores. (Previously only travel through their portal.) Through April 30, 2021, your points are worth 50% more when you redeem them for statement credits after using your card at grocery stores and dining at restaurants (including takeout and eligible delivery services), home improvement stores and select charitable organizations. Footnote1(Opens Overlay) Just choose an eligible purchase made with your Sapphire Reserve card from the past 90 days. Then, apply the points for all or part of the purchase and receive a statement credit.
• Extended through June 2021: $300 annual travel credit works on gas station and grocery store purchases. There are more ways to earn your annual $300 Travel Credit. Through June 30, 2021, gas station and grocery store purchases will count toward earning your Travel Credit. You’ll also earn points on these purchases. And, as always, after your first $300 in travel purchases, you’ll immediately start earning 3x points on travel.
• 12+ months of Dashpass Membership plus $60 in Doordash food credit per calendar year. For a minimum of one year, enjoy a complimentary DashPass, DoorDash’s subscription service that provides unlimited restaurant deliveries with $0 delivery fee and reduced service fees on eligible orders over $12 on DoorDash and Caviar. Activate by December 31, 2021. Plus, earn up to $120 in statement credits on DoorDash purchases through 2021—that’s $60 in statement credits through 2020 and another $60 in statement credits through 2021.
• Annual fee renewal $100 discount. Sapphire Reserve annual fee renewals through the end of 2020 will be $450 instead of the normal $550. This is only for renewals, not new cardmembers.

If you earn 3x points on a grocery store purchase, and can use those points at 1.5 cents per point towards grocery store purchases, that works out to 4.5% cashback towards grocery store purchases.