Chase launches new Sapphire Preferred and Reserve benefits, reward rates

Written by
Jennifer Doss
Terms apply; see the online credit card application for full terms and conditions of offers and rewards.

Chase announces new sapphire benefitsTravel credit card favorites, the CardName discontinued and CardName discontinued, are now offering cardholders new and improved benefits effective Aug. 16, 2021.

New CardName benefits

CardName cardholders can now enjoy:

  • 5X total points on all travel purchased through the Chase Ultimate Rewards portal
  • 3X points on dining, including eligible delivery services and takeout (previously, cardholders earned 2X points in this category)
  • 3X points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
  • 3X points on select streaming services
  • 2X points on travel purchases
  • 1X point on all other purchases

Previously cardholders earned 2X points on travel and dining, and 1X point on everything else, so this updated offering is certainly a welcome improvement. These new benefits give cardholders an easy opportunity to earn bonus rewards whether traveling afar or staying close to home.

Additionally, CardName cardholders can look forward to:

  • A $50 annual credit on hotel stays purchased through Chase Ultimate Rewards. New cardholders will start earning towards the credit immediately and existing cardholders (who had the card prior to the Aug. 16 update) will start earning after their next account anniversary.
  • A 10% anniversary bonus each account anniversary, equal to 10% of total purchases made the previous year. That means $25,000 in spend will earn an additional 2,500 bonus points.
  • A sleek new card design which is available to new and existing cardholders. 

New CardName benefits

The CardName card previously provided 3X points on dining and travel purchases and 1X point on everything else, as well as a $300 annual travel credit; a $100 application fee credit for Global Entry or TSA PreCheck® special benefits through the Luxury Hotel and Resort Collection; 50% more value on points when redeemed for travel through Chase Ultimate Rewards; and an opportunity to earn 60,000 bonus points once spending $4,000 on purchases in the first three months of account opening, a bonus worth as much as $900 toward travel. Now, cardholders can look forward to these same great benefits, as well as: 

  • 10X total points on Chase Dining purchased through Ultimate Rewards
  • 10X total points on hotel stays and car rentals purchased through Ultimate Rewards
  • 5X total points on air travel purchased through Ultimate Rewards

The big change here is the increase on travel purchases made through the Chase Ultimate Rewards portal. Instead of the standard 3X points earned on all travel purchases, now cardholders have the opportunity to boost the rewards-earning potential by booking travel directly through Chase. If you regularly book your travel through Chase, this perk is beneficial, but for those who like the flexibility of being able to book travel elsewhere, these new benefits could be limiting.

In addition to earning more points, later this year Reserve cardholders will have access to “Reserved by Sapphire,” which features exclusive opportunities to book reservations at sought-after restaurants across the country.

Furthermore, Chase is expected to soon unveil new Chase Sapphire Lounge™ by The Club locations at New York LaGuardia Airport, Boston Logan International Airport, and Hong Kong International airport. Reserve cardholders will have access to these new lounges, in addition to Priority Pass Select lounge access, which is an existing Reserve cardholder perk.

Are the new Sapphire updates worth it?

If you’re already an existing Sapphire cardholder, these are exciting changes. And if you’ve been considering applying for the CardName, now is a great time to apply. The welcome bonus is quite good, and the new reward categories make it a good everyday card in addition to being a great travel card.

The changes to the CardName card are nice if you regularly book travel through Chase, but otherwise, the annual fee charged by the card is hard to offset if you aren’t regularly traveling. It’s still a top choice of ours for premium travel credit cards, but for those seeking more than just travel rewards, the CardName updates are more exciting.    

Jennifer Doss
CardRatings Executive Editor

Jennifer Doss is a credit card analyst and the senior managing editor of She has worked as both a print and online journalist and has over a decade of experience in the media industry. Her published work has covered a broad range of topics,...Read more

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The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.

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