Credit card companies have been busy rolling out perks and features to help their existing customers continue to get the most out of their cards during this bizarre time. Everything from extra time to earn signup bonuses to new reward categories, reduced annual fees upon card renewal and even waiving late fees for missed payments, banks are working to ensure their customers are taken care of.

Chase has been in the thick of this trend, announcing a variety of benefits designed to help customers take advantage of spending and lifestyle changes resulting from the COVID-19 pandemic and global effort to curb the illness' spread. Earlier this year, for instance, Chase announced that Chase Sapphire Reserve® cardholders' annual travel credit could be applied to gas station and grocery store purchases through the end of the year, and that Sapphire Reserve® cardholders whose card is up for renewal from July 1-Dec. 31, 2020, will pay a $450 annual fee this time around instead of the full $550 annual fee. 

There were also additional rewards offered for grocery store purchases using a number of different Chase cards through June 30. While the grocery points promotion has now expired, Chase recently announced additional limited-time categories for its Chase Sapphire Reserve® and Chase Sapphire Preferred® Card (This card is not currently available on CardRatings) cardholders.

Information related to the Sapphire Preferred card has been collected by CardRatings and has not been provided or reviewed by the issuer of this card.

Limited-time perks for Sapphire Reserve® cardholders

Chase Sapphire Reserve®

Instacart bonus points

- Earn 5x Ultimate Rewards® points on all Instacart deliveries and pick-ups, including groceries, household items, pharmacy purchases and more, on up to $3,000 spent from July 1-Sept. 30, 2020.
- Receive up to $50 in statement credit toward a monthly or yearly Instacart Express membership when you use your Sapphire card to pay for your membership between July 1 and Sept. 30, 2020.

Cardholders do not need to enroll or activate this offer – simply use your card to earn the points or statement credit automatically.

Earn extra points in bonus categories through Sept. 30, 2020

- Earn 5x the points on up to $1,500 spent at gas stations.
- Earn 10x the points on select streaming services (Netflix, Spotify, Hulu, Disney+ and numerous other services qualify)

No activation is required to earn the bonus points above, so be sure to take full advantage of this opportunity. Consider, for instance, paying for a year's worth of Netflix to maximize your points during this promotion.

Limited-time perks for Sapphire Preferred® cardholders

Chase Sapphire Preferred® Card

Instacart bonus points

- Earn 3x Ultimate Rewards® points on all Instacart deliveries and pick-ups, again including groceries, pharmacy purchases and more, on up to $3,000 spent from July 1-Sept. 30, 2020.
- Receive up to $50 in statement credit toward a monthly or yearly Instacart Express membership when you use your Sapphire® card to pay for your membership between July 1 and Sept. 30, 2020.

Earn extra points in bonus categories through Sept. 30, 2020

- Earn 3x the points on up to $1,500 spent at gas stations.
- Earn 5x the points on up to $1,500 spent on select streaming services such as Netflix and Spotify.

Again, cardholders don't need to enroll or activate this offer – just use your card to earn the points or statement credit automatically.

The limited time offers above are in addition to the other features Chase has already announced, including the new Pay Yourself BackSM that allows Sapphire cardholders to redeem their Ultimate Rewards® points as statement credit to offset grocery store, restaurant and home improvement store purchases made in the past 90 days (through Sept. 30, 2020). For Sapphire Preferred® cardholders, points are worth 25% more when redeemed this way (just like they are when redeemed for travel through the Ultimate Rewards® portal) and Sapphire Reserve® cardholders' points are worth 50% more this way.

They are also in addition to the regular rewards and perks offered with these cards, including 3x points on travel (after earning the annual $300 travel reimbursement) and dining for Sapphire Reserve® cardholders (1 point per $1 on other purchases) and 2x points on travel and dining (as well as 1 point per $1 on other purchases) for Sapphire Preferred® cardholders.

Learn more about the Sapphire cards and the new or limited-time perks offered in response to COVID-19 in our Chase Sapphire Reserve® review and Chase Sapphire Preferred® Card review.

Are the limited-time perks worth it?

Even if you aren't comfortable traveling just yet, there will, presumably, come a time when you want to travel again and these extra points opportunities can help you pad a nice points bank account while you wait for that day.

Additionally, if travel isn't your top priority right now, the Pay Yourself BackSM feature does offer a nice opportunity to redeem what you would normally consider "travel" points as something more akin to cash back and at a similar value. Often when travel points are redeemed for statement credit, they suffer in the value department, but that isn't the case with Chase's new program.

All that to say, these new rewards earning opportunities and additional redemption options are making it a little easier to hang on to those travel cards, even the ones that charge annual fees, knowing that there are substantial and helpful ways to continue earning and using rewards during this time.

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