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Right on the heels of Chase's new ‘Pay Yourself Back' feature, Chase is back with even more changes designed to align card benefits with current spending trends.
Starting July 1st, Chase will offer several new bonus categories for Chase Sapphire Preferred® Card and Chase Sapphire Reserve® cardholders. Cardholders will earn bonus points on gas stations, online streaming services, and Instacart grocery delivery service. Additionally, Sapphire Preferred and Sapphire Reserve cardholders will receive up to a $50 statement credit to offset the purchase of an Instacart Express membership.
Key Terms for New Bonus Categories
- Promotional bonus categories apply on purchases between July 1, 2020 through September 30, 2020
- Gas Stations — 3X total points with Sapphire Preferred and 5X total points with Sapphire Reserve on up to $1,500 in spend across the three months.
- Select Streaming Services — 5X total points with Sapphire Preferred and 10X total points with Sapphire Reserve on up to $1,500 in spend across the three months.
- Instacart — 3X total points with Sapphire Preferred and 5X total points with Sapphire Reserve on up to $3,000 in spend across the three months.
Select streaming services include Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, YouTube TV.
These added bonus categories are all automatic and don't require cardholders to enroll. Also, these benefits are in addition to the previously-announced benefits offered to Sapphire cardholders. A Chase spokesperson confirmed to AwardWallet that these added bonus categories and statement credits apply to both new and existing cardmembers.
Instacart Express Statement Credit
In addition to the promotional category bonus, Sapphire cardholders (both Sapphire Preferred and Sapphire Reserve) will be eligible for up to a $50 statement credit to offset the purchase of an Instacart Express membership through September 30, 2020.
Instacart Express is the grocery delivery company's subscription membership offering free deliveries on orders over $35—which typically costs at least $3.99 per order—as well as the ability to avoid higher delivery fees during peak hours. Instacart offers two payment options for this service, $9.99 billed monthly or $99 billed yearly. The statement credit is good for three months of the service fee if billed monthly or roughly half off a yearly subscription.
This Instacart subscription has a couple of important terms worth noting:
- Instacart Express memberships automatically renew unless canceled before the renewal date. So make sure you set a reminder to cancel if you don't intend to keep the service.
- Instacart allows customers to cancel Instacart Express subscriptions for a full refund as long the refund request is made within 15 days purchase, and no orders were placed within that time. Otherwise, Instacart offers no refunds.
Chase continues to impress us with the variety of new benefits it's offering to cardholders. It might be hard to justify paying the annual fee on travel cards like the Chase Sapphire Reserve® and Sapphire Preferred without benefits like a $100 statement credit, temporary bonus categories, complimentary DashPass membership, and expanded travel credit categories and points cash-out options.
If you need help keeping track of all the benefits you're currently entitled to as a Sapphire cardholder, check out our post detailing the previous round of Chase Sapphire benefit updates, my analysis of the overall value proposition of the Sapphire Reserve, and our comprehensive guide to all credit card updates in response to COVID-19.
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