Triple the Value of Your Grocery Spending With This New Credit Card Benefit

Woman excited about her groceries and credit card rewards
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One of the most rewarding credit cards out there just added a new benefit for one of the most common spending categories: groceries.

From Nov. 1 to April 30, 2021, the Chase Sapphire Reserve card will offer 3x points on up to $1,000 in grocery store purchases per month, “including pickup and eligible grocery store delivery services.”

The benefit is automatic; no hoops to jump through. That means you can get up to 3,000 points per month, worth roughly $30 — or $45 if redeemed for travel through Chase Ultimate Rewards. Over six months, that could be worth $270 in future travel.

You can read about that and other Chase Sapphire Reserve benefits, but here’s a quick summary:

Chase Sapphire Reserve

If you simply want the card with the best benefits, regardless of the annual fee, this is your pick.

Why we like it: The Chase Sapphire Reserve card offers a sign-up bonus of 50,000 Ultimate Rewards points after you spend $4,000 within the first three months. Redeeming those points for travel through the Chase website adds 50% to their value, for a bonus worth $750.

Chase Sapphire Reserve Card
Chase

What to know:

  • Get 50,000 bonus Ultimate Rewards points after spending $4,000 on purchases in the first three months from account opening.
  • Earn 3 points per $1 spent on travel and dining.
  • Earn 3 points per $1 spent on up to $1,000 in grocery store purchases per month through April 2021.
  • Earn 1 point per $1 spent on everything else.
  • $300 annual travel credit
  • A free year of Lyft Pink membership
  • Complimentary DashPass delivery subscription
  • Global Entry or TSA Pre-check application reimbursement up to $100
  • $550 annual fee

Note: The annual fee looks high, but is offset by the $300 annual travel credit and other card benefits, including food delivery and ride-share services and airport lounge access.

Are there any better card offers on groceries right now?

This Sapphire Reserve offer is one of several things Chase switched up during the pandemic as consumers have shifted away from travel. It offers a growing array of benefits — but does come with a hefty annual fee, which may be an issue for some people.

Its cousin, the Sapphire Preferred, still offers 2x points on groceries for the same period, and the card has a more typical and attractive $95 annual fee.

Click here for more details on these cards and to compare them with other offers.

Looking for something else in a credit card? Use our credit card search tool to find the best card for you, no matter what you need or where you’re at.

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