Increased cashout for Chase Sapphire Reserve and Preferred cards through September 30

As the public has struggled during the COVID-19 pandemic, Chase has made a number of positive changes to their cards, including increasing cashback for grocery store purchases through June 30th and extending the time period to meet spending for sign-up bonuses.  Today, Chase announced a couple of positive changes to their Sapphire and Reserve and Preferred cards.  Through September 30, 2020, the Sapphire Reserve will enjoy a 50% bonus and the Sapphire Preferred will enjoy a 25% bonus cashout when points are applied to the following purchases:
  • grocery stores
  • dining (including restaurants, takeout, and eligible delivery services)
  • home improvement stores such as Home Depot and Lowes

What this does is put the above categories in line with redeeming Chase Ultimate Rewards (UR) through their travel portal, which comes out to a valuation of 1.5 cents per point for the Reserve and 1.25 cents per point for the Preferred.  Since most of us aren't traveling at the moment though, redeeming UR for travel and even transferring them to loyalty programs, which typically yields the most value, hasn't been very useful.  But we're definitely spending at the new categories listed above, and it's great to see points worth 1.5 cents for the Reserve and 1.25 cents for the Preferred for these categories.  Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and you’ll get a statement credit.


More flexibility for the Reserve's $300 travel credit

And since travel has taken a back seat, Chase has expanded the Reserve's annual $300 travel credit to include gas stations and grocery store purchases from June 1 through December 31, 2020.  If you haven't already used your $300 annual travel credit, you should have no problem using it now towards grocery store and gas purchases, and you’ll also earn points on these purchases.

Redeem and earn Chase UR with an extra bonus for fresh sustainable New Zealand salmon sashimi from the Japanese supermarket

Quick thoughts

It's great to see Chase introduce new positive benefits to their Sapphire cards.  Though the changes are temporary, they are easy for many of us to capitalize on with all that extra spending we have been putting in grocery stores and home improvement as we now finally have time to make some much needed remodeling to our houses.  For the full details and terms and conditions of the new benefits, go to Chase's website.

From all of us at Flying for Fitness, please stay healthy during this trying time.  We hope you enjoyed this post.  Please consider visiting one of our sponsors by clicking on the advertisements.  Our sponsors pay us for customer visits and help us to keep the lights on.  Thanks!



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