Are the New Chase Sapphire Grocery Rewards Worth It?

Chase Sapphire charge card have actually pivoted from travel to groceries in their latest Ultimate Rewards upgrade, that makes sense as travel has ground to a stop and grocery costs is up 17% during the pandemic. The points you can make for the brand-new benefit grocery category is quite great worth– though not the very best on the market.

Travel credit.
The Chase Sapphire Reserve consists of a $300 yearly travel credit, but thats undoubtedly not as valuable during a pandemic, so cardmembers can now use their $300 annual travel credit towards gas and grocery purchases as well.

Bottom line.
The Sapphire is considered among the much better travel cards, and the added grocery category is pretty excellent worth, though it will not beat the American Express Gold or Blue Cash Everyday if youre looking for a devoted card for your grocery purchases. If you do a great deal of in-store shopping and still manage to take a trip, the Sapphire could be a great card for you.

Chasing after bonus offer points isnt always a great idea.

G/O Media might get a commission.

Picture: Nicole Glass Photography (Shutterstock).

Going after bonus offer points isnt constantly a great concept. Youll desire to factor in the yearly charge for each of these cards– Preferred is sensible at $95, whereas the Reserve is much more pricey at $550, as it has superior benefits better fit to power users. Take a look at this Nerdwallet breakdown of the benefits and see if your spending behavior lines up with whats being offered.
Expanded Pay Yourself Back feature.
Chase likewise expanded the scope of its “Pay Yourself Back” function, whereby card members can now redeem points in the Ultimate Rewards portal to pay off grocery purchases in their declarations at a discount rate (25% for Preferred and 50% for Reserve).

An 80,000 bonus points use.
Concurrently, Chase is offering an impressive 80,000 bonus points if you spend $4,000 on purchases in the first three months after opening a Preferred card (Reserve is offering 50,000 points). According to The Points Guy this could be as much as $1,600 in worth.

Make 2-3x points at supermarket.
Sapphire Preferred already offers 2x points for every single dollar invested in travel and dining, while the fancier Sapphire Reserve uses 3x points for those exact same classifications. Both cards provide one point per dollar invested in all other purchases. The brand-new addition– a grocery store category– runs for a minimal time, from Nov. 1, 2020, through April 30, 2021, with the following points breakdown:.

Sapphire Preferred already offers 2x points for every dollar invested on travel and dining, while the fancier Sapphire Reserve provides 3x points for those same categories. Both cards offer one point per dollar invested on all other purchases. The new addition– a grocery shop classification– runs for a minimal time, from Nov. 1, 2020, through April 30, 2021, with the following points breakdown:.

As theres a cap at $1,000 in grocery spending each month, you can make a total of 2,000 points with the Preferred card and as much as 3,000 points with Reserve.
According to The Points Guys latest assessments, each Ultimate Reward point deserves two cents, which indicates you d be redeeming $40 and $90 in value each month. Not bad at all.

Chase Sapphire Preferred cardholders earn 2x on up to $1,000 in month-to-month supermarket purchases.
Chase Sapphire Reserve cardholders make 3x on as much as $1,000 in monthly supermarket purchases.