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The coronavirus travel restrictions may have you wondering if it’s still worth having a travel credit card. The Chase Sapphire coronavirus benefits can help you enjoy to the outsized value of travel rewards while at home. These limited-time perks can be exciting if you have the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card.
Chase Sapphire Reserve Coronavirus Benefits
Before coronavirus became an everyday phrase, the Chase Sapphire Reserve introduced several benefits. The Reserve continues to offer these benefits:
- Redeem points for 50% more when booking award travel on the Chase travel portal
- 1:1 airline and hotel point transfers
- $300 annual travel credit
- Priority Pass Select lounge access
- Travel protection benefits
Plus, earn 5x total points on flights and 10x total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3x points on other travel and dining & 1 point per $1 spent on all other purchases.
New Chase Sapphire Reserve® cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $900 toward travel when redeemed through Chase Ultimate Rewards®.
Here are the limited-time benefits that make Chase Sapphire Reserve® one of the best premium credit cards.
50% Point Redemption Bonus
Your Ultimate Rewards points are worth 50% more when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.
You can access it by using the Pay Yourself Back tool to cover all or part of the eligible purchase. Normally, points are only worth 1 cent each for cash statement credits.
You can continue redeeming your points for 1.5 cents each when booking award travel on the Chase Ultimate Rewards travel portal.
Watch Sapphire Nights In
Are you looking for some inspiration or fresh ideas for cooking at home? Sapphire Nights In is a 30-minute live stream in partnership with Eater. You can cook alongside these chefs and celebs:
- Brooke Williamson
- Victor Cruz
- Jet Tila
- Giada de Laurentiis
- Lindsey Vonn
This perk is available to the general public on Instagram.
Related: Chase Sapphire Reserve Benefits and Perks – 5 Reasons I’m Hooked
Chase Sapphire Preferred Card Coronavirus Benefits
The Chase Sapphire Preferred® Card has a few more ways to earn and redeem points this summer.
Ongoing card benefits include:
- Points are worth 25% more when booking award travel on Chase travel portal
- 1:1 airline and hotel point transfers
- Complimentary travel protection and rental car insurance
- No foreign transaction fee
Also, enjoy Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.
The annual fee remains steady at $95.
New Chase Sapphire Preferred® Card cardholders can earn 60,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening. That’s $750 when redeemed through Chase Ultimate Rewards®.
Related: Chase Sapphire Preferred Review
25% Ultimate Rewards Redemption Bonus
Your Ultimate Rewards points are worth 25% more now through March 31, 2022, when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.
Each Ultimate Reward continues to be worth 1.25 cents each when booking award travel on Chase. Your Chase Sapphire Preferred® Card points are only worth 1 cent each of non-bonus cash redemptions.
Are These Benefits Worth It?
The limited-time benefits are an easy way to earn bonus Chase Ultimate Rewards while you stay at home. It’s not often that you can earn bonus points on lifestyle purchases with a travel credit card. In both cases, the grocery store bonus nets more points than the standard bonus rewards rate.
Your points can still be more valuable by transferring them to airline and hotel partners. But if you normally redeem each point for the travel redemption bonus, the 25% (Chase Sapphire Preferred® Card) and 50% (Chase Sapphire Reserve®) redemption bonus is a good option. It’s better than the standard one-cent-per-point redemption rate you only get for cash rewards.
Summary
These Chase Sapphire coronavirus perks help you maximize one of the most valuable credit card points on these metal credit cards. These bonuses make it easier to bank up Ultimate Rewards for when you travel regularly again. The redemption bonus can also bring short-term financial relief as well.
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