December 8, 2022

Chase Sapphire Preferred $50 grocery credit offer plus 60,000 points

This article is brought to you by the Personal Finance Insider team. It has not…

Chase Sapphire Preferred  grocery credit offer plus 60,000 points

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If you’ve been on the fence about opening the Chase Sapphire Preferred® Card, there’s now another reason to consider applying.

Chase has just given the card’s sign-up bonus a boost with a new statement credit of up to $50 toward grocery store purchases in the first year of having the card. That’s in addition to earning 60,000 points after you spend $4,000 on purchases in the first three months of account opening.

This new bonus is yet another example of pandemic-friendly benefits from credit card issuers we’ve seen in recent months, and the addition of a grocery credit to the Chase Sapphire Preferred® Card offers a welcome opportunity to maximize the card’s perks when many of us are still staying close to home.

Regular APR

15.99{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5}-22.99{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} Variable

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  • Details
  • Pros & Cons

    • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases.
    • 2X points on dining at restaurants including eligible delivery services, takeout and dining out and travel & 1 point per dollar spent on all other purchases.
    • Get 25{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} more value when you redeem for travel through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
    • With Pay Yourself BackSM, your points are worth 25{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
    • Get unlimited deliveries with a $0 delivery fee and reduced service fees on eligible orders over $12 for a minimum of one year with DashPass, DoorDash’s subscription service. Activate by 12/31/21.
    • Earn 2x total points on up to $1,000 in grocery store purchases per month from November 1, 2020 to April 30, 2021. Includes eligible pick-up and delivery services.
    Pros
    • High sign-up bonus starts you off with lots of points
    • Strong travel coverage
    Cons
    • Doesn’t offer a Global Entry/TSA PreCheck application fee credit or any other statement credit benefits

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    We’re focused here on the rewards and perks that come with each card. These cards won’t be worth it if you’re paying interest or late fees. When using a credit card, it’s important to pay your balance in full each month, make payments on time, and only spend what you can afford to pay.

    Chase Sapphire Preferred 60K bonus plus $50 grocery credit

    Only new Chase Sapphire Preferred® Card members are eligible to earn up to $50 in grocery store statement credits in the first year of opening the card — existing cardholders don’t qualify.

    Getting $50 back for purchases you’ll almost certainly make anyway can offset more than half of the card’s $95 annual fee. You’ll automatically receive the credit when you make grocery purchases with your card during the first 12 months, with no activation required.

    Keep in mind Chase includes supermarkets and smaller grocery stores in what qualifies for the statement credit, but purchases at warehouse clubs, drug stores, and discount stores that sell lots of items other than groceries aren’t eligible. The terms also say that grocery delivery services will only qualify if the merchant category is coded as a grocery store.

    Through April 30, 2021, Chase Sapphire Preferred® Card holders can earn 2x points at grocery stores (including eligible pick-up and delivery services) on up to $1,000 in spending per month (then 1x). Normally, the card earns just 1 point per dollar on these purchases.

    Chase has also added other benefits to the Chase Sapphire Preferred® Card to boost value for customers during the COVID pandemic, including the ability to redeem Ultimate Rewards points toward grocery store, home improvement store, dining, and eligible charity purchases with a 25{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} bonus though Pay Yourself Back. Cardholders can also activate a year of complimentary DoorDash DashPass membership, and receive statement credits toward Peloton fitness classes, both through December 31. 

    Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles.

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