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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.

Johnny on a Singapore 787-10 with the Chase Sapphire Reserve.

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.

In addition to the coronavirus perks, the Reserve continues to offer these benefits:

  • 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

Gas station and grocery store purchases will also count towards earning the annual $300 travel credit, through December 31, 2021.

Plus, earn 5x total points on air travel and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.

New Chase Sapphire Reserve® cardmembers can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $900 toward travel when redeemed through Chase Ultimate Rewards®. 

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 Sept. 30, 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 Sept. 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.

New ‘Pay Yourself Back’ feature: Chase Gives Cardmembers New Options to Redeem Ultimate Rewards Points. Photo by Chase

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 Dec. 31, 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.

Related: Chase Sapphire Reserve Benefits and Perks – 5 Reasons I’m Hooked

chase sapphire benefits coronavirus
Chase has added new Sapphire benefits to help cardholders during the coronavirus pandemic. Photo by Chase

Chase Sapphire Preferred Card Coronavirus Benefits

The Chase Sapphire Preferred® Card has a few more ways to earn and redeem points this summer.

Ongoing card benefits include:

  • 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

Also, enjoy new Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.

The annual fee remains steady at $95.

New Chase Sapphire Preferred® Card cardholders can earn 100,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $1250 when redeemed through Chase Ultimate Rewards®. This is the highest bonus offer ever for the Chase Sapphire Preferred!

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 Chase Dining hub in Ultimate Rewards, now through Sept. 30, 2021.

Related: Chase Sapphire Preferred Review

25% Ultimate Rewards Redemption Bonus

Your Ultimate Rewards points are worth 25% more now through Sept. 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® Card points are only worth 1 cent each of non-bonus cash redemptions.

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® Card) 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 2021.

Summary

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.

Chase Sapphire Preferred® Card

Chase Sapphire Reserve®

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APPLY NOW
  • Our best offer ever! Earn 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.
  • Enjoy new benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining and 2X points on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 100,000 points are worth $1,250 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Count on Trip Cancellation/Interruption Insurance, Auto Rental Collision Damage Waiver, Lost Luggage Insurance and more.
  • Get up to $60 back on an eligible Peloton Digital or All-Access Membership through 12/31/2021, and get full access to their workout library through the Peloton app, including cardio, running, strength, yoga, and more. Take classes using a phone, tablet, or TV. No fitness equipment is required.

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