There’s a lot of uncertainty for everyone right now, especially when it comes to finances. Fortunately, credit card issuers are providing several ways to get through the COVID-19 stay-at-home orders a little more easily, from extending the time to earn signup bonuses to providing extra rewards for things like groceries, takeout, streaming services and more.

Although many people are home and unable to travel, people will someday travel again so continuing to earn rewards toward that future travel is worthwhile. Or, perhaps, cash back rewards are where your credit card rewards efforts are focused right now and that's okay, too.

Here are some of the opportunities to rack up extra rewards when you use your card or to use your rewards in some out-of-the-box ways. 

Is your credit card offering extra rewards right now or changing up how you can redeem those rewards? Tell us about it in the comments or email

Chase expands reward redemption options

Chase has announced that Chase Sapphire Reserve® and members can redeem their rewards to "erase" dining (including delivery and takeout), grocery store and home improvement store purchases, and contributions to a dozen eligible charities, much like the "Purchase Eraser" tool allows Capital One Venture Rewards Credit Card and other Capital One cardholders to do for travel purchases.

The rewards will erase purchases at the same value as your rewards are valued when redeemed for travel through the Ultimate Rewards® portal. That means Chase Sapphire Reserve® cardholders can erase those purchases at a rate of 1.5 cents per point and Chase Sapphire Preferred® Card members can do so at a rate of 1.25 cents per point.

The Pay Yourself Back option will be available through April 30, 2021.

Additionally, from Oct. 1 through Dec. 31, 2020, Ink Business Preferred® Credit Card and Ink Plus® Business Credit Cardpoints will be worth 25% more when redeemed for select online advertising and shipping expenses, as well as contributions to eligible charities. Existing Ink Plus® and Preferred® cardholders can also earn five points total on shipping and select advertising purchases made on social media and search engines on up to $10,000 spent in combined purchases through Oct. 31, 2020.

And finally, all other eligible Ultimate Rewards credit cards, including Chase Freedom®, Chase Freedom Unlimited®, and Chase Freedom Flex℠ points will be worth 25% more when redeemed towards contributions made to eligible charities, starting Oct. 1, 2020 (no current end date yet announced).

Current eligible charities include:

  • American Red Cross
  • Equal Justice Initiative
  • Feeding America
  • Habitat for Humanity
  • International Medical Corporation
  • Leadership Education Fund
  • NAACP Legal Defense and Education Fund
  • National Urban League
  • Thurgood Marshall College Fund
  • United Negro College Fund
  • United Way
  • World Central Kitchen

New travel credit options for Chase Sapphire Reserve® members

If you've been having trouble spending out the $300 travel credit on your Sapphire Reserve® card, breathe a sigh of relief. Chase has also announced that the credit now includes gas station and grocery store purchases from June 1, 2020 through the end of the year.

Chase Sapphire Reserve® annual fee reduction for renewals

Chase previously announced a $100 statement credit toward the annual fee for existing Sapphire Reserve® cardholders. You can read more about that here. Now, if your renewal comes up from July 1 through the end of the year, the renewal rate will simply be $450 (instead of paying the full annual fee and then have a $100 credit issued).

Featured Partner Cards