Chase isn’t playing around anymore. As we saw in the Chase Sapphire Reserve benefits post, Chase is trying to capitalize on changing consumer behavior by offering increased Chase Sapphire Preferred Benefits. And we get it right? Few of us are traveling right now so travel-focused bonus earnings don’t make a ton of sense.
In this article, you learn about temporary Sapphire Preferred earning opportunities with Instacart, Gas Stations, and Streaming. In addition, we cover common questions about the Chase Sapphire Reserve benefits.
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3x Points on Instacart
Chase Sapphire Preferred cardmembers now earn 3x points on Instacart purchases on up to $3,000 between July 1, 2020, and September 30, 2020. For reference, Chase Sapphire Reserve cardmembers earn 5x points in this category during the same time frame.
You also receive a $50 Instacart statement credit. This credit goes towards your Instacart membership, which includes unlimited free deliveries on orders less than $35 and reduced delivery fees on orders of more than $35. The credit is available to you between July 1, 2020, and September 30, 2020.
3x Points at Gas Stations
Road trips are becoming the theme, at least according to my Instagram feed! It seems as though everyone has rented an RV of some sort and is heading out west. Who knows, I may come to join them!
In order to capitalize on road trips, the Chase Sapphire Preferred earns 3x points at gas stations on up to $1,500 in spending from July 1, 2020, to September 30, 2020. It’s important to note that one of the best cards to use at gas stations is the Citi Premier where you also earn 3x points at gas stations.
5x points on Streaming
If anyone’s streaming minutes have decreased during the pandemic, I’d like to see it. Mine certainly have not but I’m trying to at least learn something most nights ;).
At any rate, Chase Sapphire Preferred cardmembers earn 5x points on select streaming services on up to $1,500 in spending from July 1, 2020, to September 30, 2020. You want to check the terms and conditions to confirm your favorite streaming service qualifies.
Common Questions about the Chase Sapphire Preferred Benefits
How much do you have to spend to make Chase Sapphire Preferred worth it?
Generally speaking, you need to spend $7,125 in 2x bonus categories to break even on the $95 annual fee. The math is as follows: $95 annual fee times 100 (cents per dollar) = 9,500 cents times 1.5 cents per point = 14,250 points divided 2x bonus points = $7,125 every year in 2x points category spending.
Does Chase Sapphire Preferred have lounge access?
Although it would be nice, you do not receive lounge access with the Chase Sapphire Preferred. However, you do receive lounge access with the Chase Sapphire Reserve.
Should I get the Chase Sapphire Preferred?
If you are starting out in award travel, you should consider applying for the Chase Sapphire Preferred. The Ultimate Rewards points that you earn allow to book award flights and hotel stays with the program’s partners.
Conclusion on the Chase Sapphire Preferred Benefits
The temporary Chase Sapphire Preferred benefits make this card even more valuable to have in 2020. The ability to earn additional bonus points on Instacart, Gas Stations, and Streaming can help you to earn points to book your next award flight or hotel stay.
What about you? What do you make of the Chase Sapphire Preferred benefits? Please let me know in the comments or by sending me an email on my contact page.
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