Chase Sapphire Cards Get Updated Coronavirus Benefits

On July 1, Chase activated a handful of new benefits for their Sapphire cards. Customers that are no longer reaping the cards' travel benefits need reasons to keep spending on their travel cards and paying annual fees.

All the new benefits are automatic; no registration is required.

Instacart

Membership Statement Credits

Instacart, the grocery delivery service, charges delivery and service and fees. The monthly or annual Instacart Express membership wipes out delivery fees and reduces service fees. If you use Instacart regularly, as many more are during the pandemic, a membership will save you money.

How Coronavirus has Affected Travel Agencies

Today we're featuring a guest post from our friend and colleague, Freddy Lanksy, of Points Panda. He's sharing his opinion on the impact COVID-19 has had on the travel industry, and how travel agencies are adapting.

The COVID-19 pandemic dealt a big blow to the world economy. Since the first outbreak happened in the U.S. back in January, a lot of businesses have halted their operations to prevent the spread of the deadly virus.

This is bad news for all businesses involved in travel, whether it's hotels, tours, travel agents, airline companies, or even small private tour guides.

Should You be Tempted by Chase’s “Pay Yourself Back” Offer?

Chase is offering a new way for Sapphire card holders to redeem their Ultimate Reward (UR) points. But does it make sense for you? Let’s move about the socially-distanced cabin and take a look.

What is it?

Chase has dubbed it the “Pay Yourself Back” feature. It allows Sapphire card holders to redeem their points for a statement credit. Another way to look at it is as a purchase eraser.

As with redeeming UR points in the Chase travel portal, the redemption rate will depend on which card you have.

Premium Travel Cards Pivot Benefits in a Coronavirus World: Update

Updated 6/9/20 with Citi's latest addition to the Prestige Card.

In an attempt to keep you as a customer in a world where travel is severely limited, banks have been changing the benefit profiles of their credit cards that previously rewarded behavior centered primarily around travel.

Those of you most concerned with what to do with your travel cards are likely paying big annual fees for the premium transferrable point cards--the Chase Sapphire Reserve, The Platinum Card from American Express, and the Citi Prestige--so let's compare those changes.