Chase continues to make splashes with its travel credit cards on what seems like a weekly basis. In this round of new Chase Sapphire benefits, cardmembers will see updates to both the Chase Sapphire Preferred and Chase Sapphire Reserve. These are cards are the mid-tier and premium end of Chase’s portfolio. Both cards are Chase Ultimate Rewards points that can be used to book Chase Sapphire travel.

What’s interesting about these new Chase Sapphire benefits is the bank’s emphasis on the Chase Sapphire Preferred card. Clearly, Chase is pushing new and existing cardmember towards this card. If you’re a Chase Sapphire Reserve cardmember, product changing to the Chase Sapphire Preferred is starting to make more and more sense. But before making any moves, let’s see what the changes are and why you would consider one card over the other.

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Best Chase Credit Cards

The Chase Sapphire Preferred and Chase Sapphire Reserve are two of my favorite Chase cards. In addition, Chase Freedom Unlimited and Chase Freedom Flex have treated me well. On the business side, the Chase Ink Business Preferred, Chase Ink Business Unlimited, and Chase Ink Business Cash make it extremely easy to earn Chase Sapphire rewards points.

What I appreciate about the Chase card ecosystem is the ability to convert cash back into Chase Ultimate Rewards points. If you hold the Chase Sapphire Preferred, Chase Sapphire Reserve, or Chase Ink Business Preferred, cash back earned be converted into Chase points and then redeemed for award travel. This feature makes it attractive to put your spending on Chase cards.

New Chase Sapphire Benefits Starting August 16th

New Chase Sapphire Preferred card benefits:

• 5x points earned on all travel purchased through Chase Ultimate Rewards
• 3x points earned on dining, including eligible delivery services (increased from 2x points)
• 3x points earned on select streaming services
• $50 annual credit on hotel stays purchased through Ultimate Rewards
• 3x points earned on online grocery purchases (excluding Target, Walmart and wholesale clubs)
• 10% annual fee anniversary point bonus based upon previous year’s spend – $10,000 spent on the card equls 1,000 bonus points

Existing Chase Sapphire Preferred benefits:

• 2x points earned on all travel
• Book travel at 1.25 cents per point through Chase Ultimate Rewards
• Annual fee stays at $95
• Pay Yourself Back feature
• Complimenatry one year access to DashPass from DoorDash
• $60 Peloton digitla membersip credit through 12/2021
• 5x earned on Lyft ride through 3/2022

New Chase Sapphire reserve benefits:

• 10x points earned on Chase Dining purchases through Chase Ultimate Rewards
• 10x points earned on hotel stays and car rentals purchased through Chase Ultimate Rewards
• 5x points earned on airfare purchased through Chase Ultimate Rewards
• Access to “Reserved by Sapphire,” a feature that allows you to book reservations at sought-after restaurants like Canlis in Seattle, WA, Redbird in Los Angeles, CA, SingleThread Farms in Healdsburg, CA, Reverence in New York, NY and One Off Hospitality in Chicago

Existing Chase Sapphire Reserve benefits:

• 3x points earned on dining and travel
• $300 annual travel credit
• $100 application fee credit for Global Entry or TSA Pre✔
• Luxury Hotel & Resort Collection benefits
• Redeem points at 1.5 cents per point on travel booked through Chase Ultimate Rewards
• Annual fee stays at $550
• Pay Yourself Back feature
• Complimenatry one year access to DashPass from DoorDash
• $120 Peloton digitla membersip credit through 12/2021
• 10x earned on Lyft ride through 3/2022

New Chase Sapphire Lounges

Chase Sapphire Lounges by The Club will open soon at LaGuardia Airport (LGA), Boston Logan International Airport (BOS), and Hong Kong International Airport (HKG). Opening dates and additional details will be announced at a later date.

These lounges will be available to Chase Sapphire Reserve cardmembers and Priority Pass members. Stay tuned for details on how Chase Sapphire Preferred will be able to access these lounges.

What do you make of the new Chase Sapphire benefits? Please let me know in the comments or by sending me an email on my contact page.

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