New benefits and bonus points Chase Sapphire Preferred and Reserve

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The ultra-competitive credit card market is showing no signs of slowing down anytime soon.

Today, Chase announced new bonus point benefits and opportunities on its Chase Sapphire Preferred® card and Chase Sapphire Reserve® credit card without any increase in annual fees. The changes will be launched on August 16 for all new and existing cardholders.

The biggest additions are to the Chase Sapphire Preferred, which gets three new bonus categories:

  • 5 points for every dollar spent on all trips purchased through Chase Ultimate Rewards
  • 3 points per dollar on some streaming services
  • 3 points per dollar on online grocery purchases (excluding Target clubs, Walmart and wholesalers)

Additionally, the existing dining category on the Chase Sapphire Preferred will increase from 2 points per dollar to 3 points per dollar, and will continue to include not only restaurants, but also eligible delivery and takeout services. Travel purchases outside of Chase Ultimate Rewards earn 2 points per dollar as before.

Related: Here’s why the Chase Sapphire Preferred is our favorite travel credit card for beginners.

The Chase Sapphire Preferred will now also offer a 10% anniversary point bonus. On each account anniversary (i.e. each year on the date of the first opening of the card), cardholders will receive bonus points equal to 10% of the total of your purchases made in the previous year. . This 10% bonus is awarded on your overall spending, not on the number of points you have earned. So if you spent $ 25,000 in one year in all categories including bonus categories, you will get 2,500 extra points.

Finally, the Chase Sapphire Preferred will have a new annual hotel credit of $ 50 that can be used for any reservation made through the Chase Ultimate Rewards travel portal. This is the only new benefit that existing Sapphire Preferred cardholders will only get after their account’s next anniversary, while new Sapphire Preferred cardholders can start using it immediately after receiving their card.

The Chase Sapphire Preferred annual fee remains unchanged at $ 95, and the card currently has a 100,000 bonus points record after spending $ 4,000 in the first three months after opening the account.

Click here for the 100,000 point bonus offer on the Chase Sapphire Preferred.

The ultra-premium Chase Sapphire Reserve card also gets new bonus points and perks, but the card’s additional bonus categories are fully focused on purchases made through Chase Ultimate Rewards. New bonus categories include:

  • 10 points per dollar on Chase Dining purchases through Ultimate Rewards
  • 10 points per dollar on hotel stays and car rentals booked through Ultimate Rewards
  • 5 points per dollar on air travel booked through Ultimate Rewards

Chase Sapphire Reserve cardholders will continue to earn 3 points for every dollar spent on meal and travel purchases made outside of Chase Ultimate Rewards. Other existing benefits of the Sapphire Reserve also remain unchanged, including the card’s annual travel credit of $ 300, free access to Priority Pass lounges, and a $ 100 credit towards the application fee for Global Entry or TSA PreCheck. .

Related: The CNN Underscored review on the Chase Sapphire reserve.

Priority pass

Chase Sapphire Reserve cardholders will continue to have access to Priority Pass lounges such as The Ambassador Transit Lounge in Terminal 2 at Singapore Airport.

However, two new future benefits are also reserved for Chase Sapphire Reserve cardholders. Previously, the transmitter announced plans to create its own network of airport lounges, and today it revealed that the first three lounges will be at New York’s LaGuardia Airport, New York International Airport. Boston Logan and Hong Kong International Airport.

Called “Chase Sapphire Lounge by The Club,” this group of lounges will be accessible to Chase Sapphire Reserve and Priority Pass holders, and will offer dining, drink, art, entertainment and wellness experiences. Opening dates and additional lounge details will be announced over time, as will additional locations at other major airports.

Finally, later this year, Chase Sapphire Reserve cardholders will have access to “Reserved by Sapphire,” which will offer exclusive opportunities to book reservations at popular restaurants across the country. Some examples provided by the issuer include Canlis in Seattle, WA, Redbird in Los Angeles, CA, Reverence in New York, NY, and One Off Hospitality in Chicago.

The annual fee for the Chase Sapphire reserve will continue to be $ 550, and the card currently offers 60,000 bonus points new applicants after spending $ 4,000 in the first three months of opening the account.

Click here for the 60,000 point bonus offer on the Chase Sapphire Reserve.

Since the annual fees of Chase Sapphire Preferred and Chase Sapphire Reserve remain unchanged, there is only one benefit when it comes to these new benefits and bonus categories. This is remarkable compared to the recent relaunch of The Platinum Card® from American Express, which featured several new credits but also came with a significant increase in annual fees.

The new Sapphire Preferred bonus categories – and the increased Dining Bonus Multiplier – will likely be more valuable to many people than the new categories based on the Sapphire Reserve Ultimate Rewards, as the latter require travel to be booked. exclusively through Chase Ultimate Rewards in order to earn the bonus. points. However, the upcoming Chase Sapphire Lounge network will not be accessible with a Sapphire Preferred Card, so your preference for these additions may depend on how much importance you place on exclusive lounge access.

If you don’t have any of these cards and are considering getting one, the Chase Sapphire Preferred and Chase Sapphire Reserve are on CNN Underscored’s list of the best travel credit cards for 2021. In particular, the current 100,000 point bonus on the Chase Sapphire Preferred is extremely lucrative – it’s worth at least $ 1,250 on a trip, which makes it a great reason to get the card now.

Learn more and apply for the Chase Sapphire Preferred now.
Learn more and apply now for the Chase Sapphire Reserve.

Are you looking for a new credit card? Find out which CNN Underscored cards chose as best credit cards of 2021.

Get all the latest personal finance offers, news and tips at CNN Underscored Money.

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