This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Disclosure, visit this page.
The coronavirus travel restrictions may have you wondering if it’s still worth having a travel credit card. The new Chase Sapphire coronavirus benefits can help you enjoy to the outsized value of travel rewards while at home. These limited-time perks can be exciting if you have the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card.
Chase Sapphire Reserve Coronavirus Benefits
Before novel coronavirus became an everyday phrase, the Chase Sapphire Reserve introduced several new benefits for Lyft and DoorDash plus an annual fee hike. Existing cardholders get a $100 renewal credit in 2020 that makes the effective annual fee $450 this year.
In addition to the coronavirus perks, the Reserve continues to offer these benefits:
- Earn 3x Ultimate Rewards on dining
- 3x Ultimate Rewards on travel (immediately after earning your $300 annual travel credit)
- Redeem points for 50% more when booking award travel on Chase travel portal
- 1:1 airline and hotel point transfers
- $300 annual travel credit
- Priority Pass Select lounge access
- Annual $60 DoorDash credit in 2020 and 2021
- One free year of DoorDash DashPass
- Travel protection benefits
New cardmembers have the opportunity to earn a one-time signup bonus of 50,000 bonus Ultimate Rewards after spending $4,000 in the first 3 months. This bonus is worth up to $750 in award travel.
Additionally, cardholders can earn up to $120 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. Also to note, new Peloton Digital Members are entitled to a 30-day free trial, by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Reserve card.
Points are also worth 50% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.
Here are the limited-time benefits that make the Chase Sapphire Reserve® one of the best premium credit cards.
50% Point Redemption Bonus
Your Ultimate Rewards points are worth 50% more through April 30, 2021, when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.
You can access it by using the Pay Yourself Back tool to cover all or part of the eligible purchase. Normally, points are only worth 1 cent each for cash statement credits.
You can continue redeeming your points for 1.5 cents each when booking award travel on the Chase Ultimate Rewards travel portal.
More Ways to Redeem the $300 Sapphire Travel Credit
Through June 30, 2021, your $300 travel credit is redeemable at grocery stores and gas stations. Chase will automatically apply this credit for travel, grocery, and gas purchases.
You may need to tactically time your bonus category purchases if you still have a travel credit. The purchases your travel credit covers won’t earn bonus points.
If your Chase Sapphire Reserve® card anniversary falls in the last half of 2020, Chase will use this credit for your first purchases in the three bonus categories before you ring in 2021.
Watch Sapphire Nights In
Are you looking for some inspiration or fresh ideas for cooking at home? Sapphire Nights In is a 30-minute live stream in partnership with Eater. You can cook alongside these chefs and celebs:
- Brooke Williamson
- Victor Cruz
- Jet Tila
- Giada de Laurentiis
- Lindsey Vonn
This perk is available to the general public on Instagram. These episodes can be entertaining and give you ideas to earn the 5x grocery store bonus.
Chase Sapphire Preferred Coronavirus Benefits
The Chase Sapphire Preferred® Card has a few more ways to earn and redeem points this summer.
Ongoing card benefits include:
- Earn 2x points on travel and dining
- Points are worth 25% more when booking award travel on Chase travel portal
- 1:1 airline and hotel point transfers
- Complimentary travel protection and rental car insurance
- No foreign transaction fee
The annual fee remains steady at $95. For new cardholders, the signup bonus remains 60,000 bonus Ultimate Rewards after spending $4,000 in the first 3 months. This is worth $750 in award travel booked through Chase Ultimate Rewards.
Additionally, cardholders can earn up to $60 in statement credits on Peloton Digital and All-Access Memberships through December 31, 2021. Cardholders don’t need a Peloton bike or treadmill to take advantage of the digital membership that includes 1,000s of on-demand or live fitness classes. Also to note, new Peloton Digital Members are entitled to a 30-day free trial, by visiting Onepeloton.com/ChaseSapphire and enrolling using your Sapphire Preferred card.
Points are also worth 25% more when redeemed through the new Chase Dining hub in Ultimate Rewards, now through April 30th, 2021.
Related: Chase Sapphire Preferred Review
25% Ultimate Rewards Redemption Bonus
Your Ultimate Rewards points are worth 25% more now through April 30, 2021, when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.
Each Ultimate Reward continues to be worth 1.25 cents each when booking award travel on Chase. Your Chase Sapphire Preferred® points are only worth 1 cent each of non-bonus cash redemptions.
Earn More Ultimate Rewards at Grocery Stores
Chase Sapphire Preferred® cardholders earn 2x points per $1 spent at grocery stores, up to $1,000 per month. This is available through April 30, 2021.
You will earn 3 Ultimate Rewards per $1 at grocery stores, up to $1,000 spent monthly, through April 30, 2021, with the Chase Sapphire Reserve®.
Are These Benefits Worth It?
The limited-time benefits are an easy way to earn bonus Chase Ultimate Rewards while you stay at home. It’s not often that you can earn bonus points on lifestyle purchases with a travel credit card. In both cases, the grocery store bonus nets more points than the standard bonus rewards rate.
Your points can still be more valuable by transferring them to airline and hotel partners. But if you normally redeem each point for the travel redemption bonus, the 25% (Chase Sapphire Preferred®) and 50% (Chase Sapphire Reserve®) redemption bonus is a good option. It’s better than the standard one cent per point redemption rate you only get for cash rewards.
Using your $300 travel credit for travel, gas stations, and grocery stores can offset your essential spending if you won’t be paying cash for travel in 2020.
These Chase Sapphire coronavirus perks help you maximize one of the most valuable credit card points on these metal credit cards. These bonuses make it easier to bank up Ultimate Rewards for when you travel regularly again. The redemption bonus can also bring short-term financial relief as well.
Link to learn more: Chase Sapphire Preferred®
Link to learn more: Chase Sapphire Reserve®
- How Should You Use Your Travel Credit Cards As Stay-At-Home Orders Are Lifted?
- Chase Sapphire Preferred Credit Score
- 5 Things I Got Thanks To Chase Sapphire Reserve’s $300 Travel Credit
Chase Sapphire Preferred® Card
- Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
- 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
- Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
The comments on this page are not provided, reviewed, or otherwise approved by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered. Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.
Editorial Note: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities.