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Chase Sapphire Limited-Time Benefits: Now Earn on Gas and Streaming Services

CREDIT CARDS - TRAVEL CREDIT CARDS
These new limited-time Chase Sapphire benefits may make these cards even more worthwhile even as coronavirus limits our travel spending.
Ben Walker, CEPF, CFEI®
By Ben Walker, CEPF, CFEI®
Becca Borawski Jenkins
Edited by Becca Borawski Jenkins
Updated Oct. 31, 2024
Fact checked
Chase Sapphire Limited-Time Benefits

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The Chase Sapphire Reserve® and Chase Sapphire Preferred® Card are two of the best travel credit cards available. But what if you, like so many of us, are not traveling right now? Does it make sense to have a travel card in the middle of a worldwide pandemic?

If you’re feeling like your travel cards aren’t holding their value, you might change your mind after taking a look at the latest benefits Chase just announced for their Sapphire cards. These new perks are designed with the challenges facing consumers right now in mind, and to help us while we aren’t traveling.

Note: These limited-time benefits are in addition to the Chase and Amex COVID-19 perks that have already been released. They are also in addition to the previously announced Chase Sapphire Reserve changes, including the new Chase DoorDash benefits.

In this article

Chase Sapphire Reserve® limited-time benefits

For a limited time (between July 1 and September 30, 2020), you can enjoy these new Chase Sapphire Reserve benefits:

  • Gas station rewards: Earn 5X Chase Ultimate Rewards points on gas station purchases, on up to $1,500 of spending.
  • Streaming services rewards: Earn 10X Chase Ultimate Rewards points with select streaming services (like Netflix and Spotify), on up to $1,500 of spending.

And here are other previously announced limited-time benefits for the Chase Sapphire Reserve:

  • Pay Yourself Back: Redeem Chase Ultimate Rewards points for 1.5 cents each toward a statement credit used to offset purchases within the previous 90 days at grocery stores, home improvement stores, and dining establishments. This is available from May 31 to September 30.

  • $300 annual travel credit applies to more than just travel: The $300 annual travel credit will automatically apply to purchases at grocery stores and gas stations (in addition to travel purchases) from June 1 until December 31.

  • $550 annual fee decreased: The $550 annual fee will be lowered to $450 for any renewals occurring between July 1 and December 31.

Chase Sapphire Preferred® Card limited-time benefits

There are new limited-time (between July 1 and September 30, 2020) Chase Sapphire Preferred benefits that can provide cardholders with a lot of value:

  • Gas station rewards: Earn 3X Chase Ultimate Rewards points on gas station purchases, on up to $1,500 of spending.

  • Streaming services rewards: 

    Earn 5X Chase Ultimate Rewards points with select streaming services (like Netflix and Spotify), on up to $1,500 of spending.

Bottom line

If you aren’t traveling right now, travel credit cards may not seem the most relevant to your finances. However, as card issuers continue to release new benefits, we can see cards like the Chase Sapphire Reserve and Chase Sapphire Preferred increase in value.

Since you can now use your Chase Ultimate Rewards at their maximum redemption value for additional options beyond travel, Sapphire cards just became a lot more useful. In addition to fantastic travel cards, you can now consider them excellent choices for dining, groceries, and making purchases at home improvement stores — at least for the time being.

If you were pondering the value of your Sapphire card, you might want to hang on and take advantage of these new perks.