Chase Announces Revamped Rewards for Sapphire Cards Chase Announces Revamped Rewards for Sapphire Cards
Chase Sapphire Credit Card

Chase Announces Revamped Rewards for Sapphire Cards

Following a big update to the American Express Platinum card last month and with Chase recently refreshing its Freedom card line-up, the latter company is now turning to its Sapphire brand for a revamp. This week, Chase announced new benefits for the Sapphire Preferred and Sapphire Reserve cards, which will go into effect on August 16th. Notably, neither of the revamps will have an impact on the annual charges by either option, meaning that the Sapphire Preferred will still carry a $95 annual fee while the Sapphire Reserve carries an annual fee of $550.

Chase Sapphire Preferred Visa Card

Previously, the Chase Sapphire Preferred card earned 2 points per dollar spent on dining and travel purchases. Now, the dining category (which includes eligible delivery services, takeout, and dining out) will be increased to 3x. As for travel, a new category will allow cardholders to earn 5x points on all travel purchased through the Chase Ultimate Rewards portal while the 2x multiplier on generic travel purchases remains in place. Elsewhere, Sapphire Preferred customers will now also earn 3x points on select streaming service purchases and 3x points on online grocery purchases (excluding Target, Walmart, and wholesale clubs). These points will continue to earn a 25% bonus when redeemed for travel on the Chase Ultimate Rewards portal or when using the Pay Yourself Back program.

Other new perks coming to the Sapphire Preferred to include a $50 Annual Credit triggered by hotel stays purchased through Ultimate Rewards. This benefit will be available to all new cardholders immediately while existing cardholders will earn it after their next card anniversary. Speaking of anniversaries, cardmembers will also now receive a 10% Anniversary Point Bonus, which will be based on their annual spending. For example, if a cardholder spent $10,000 on the card during the year, they’d earn a bonus of 1,000 points. Finally, the Sapphire Preferred will get a card design update, which will roll out in tandem with the new benefits.

Turning to the ever-popular Chase Sapphire Reserve, cardholders will be able to enjoy all of the current benefits, including the $300 a year travel credit, 3x points earned on dining and travel purchases, a 50% bonus on points redeemed for travel using the Chase Ultimate Rewards portal or Pay Yourself Back program, and more. However, the card will also add three new category multipliers. Now, cardholders will earn 10x points on Chase Dining purchases, 10x points on hotel stays and car rentals purchased through the Ultimate Rewards portal, and 5x points on air travel booked through Ultimate Rewards.

As these revamped Sapphire card rollout, both options are continuing to offer attractive welcome bonuses as well. New Sapphire Preferred cardholders can currently earn 100,000 Chase Ultimate Rewards points when they spend $4,000 in purchases on their card in their first three months. Sapphire Reserve applicants can earn 60,000 points when they spend $4,000 on purchases in their first three months. As a reminder, Chase only allows customers to hold one Sapphire card at a time.

Overall, these revamps are good news for Sapphire customers — especially since neither annual fee has increased. This stands in contrast to the American Express Platinum update, which upped the fee to $695 while adding a slew of new credits. In any case, between the new perks and the impressive welcome bonuses currently being offered, now could be a great time to apply for either the Chase Sapphire Preferred or Chase Sapphire Reserve card.

The "Email" field is empty, you must enter some text to proceed.The text you entered in the "Email" field appears to be invalid, please edit it and try again
Get the Latest News Delivered to Your Inbox

FedEx Announces Winners of 11th Annual 2023 Small Business Grant Contest

Nearly three months after the entry period ended, FedEx has announced the winners of its 11th annual Small Business Grant Content. This year's event saw more than $300,000 in funds going to a variety of small businesses across the nation. Last month, the company revealed 100 finalists, with that list now being narrowed down to just 10 winners. This year's grand prize winners included KindVR, The Cupcake Collection, Up In...
H-E-B and Central Market  credit cards

Imprint Launches Credit Cards from H-E-B and Central Market 

The FinTech Imprint is partnering with the popular Texas-based grocery chain H-E-B for a pair of new rewards credit cards. This week saw the launch of the H-E-B Visa Signature Credit Card as well as the Central Market Visa Signature Credit Card. With these two (nearly identical) options, customers will be able to earn rewards on groceries and beyond. First, both versions of the card earn up to 5% back on select...
Summer app

Student Loan Benefit FinTech Summer Raises $6 Million

For years, student debt has been one of the most talked about financial topics. What's more, while the debt itself has become a major part of many Americans' lives, discussion of student loans has become political due to efforts to forgive certain loan repayments. However, while we wait for resolution on that front, a FinTech that brings student debt benefit solutions to employers and consumers has raised a new round...
Choice Privileges Select Card

Choice Hotels, Wells Fargo Debut Choice Privileges Select Card

With spring well underway and the summer travel season now just around the corner, Choice Hotels and Wells Fargo have unveiled their latest co-branded credit card offering. Today, the two companies announced the Choice Privileges Select Mastercard. Carrying an annual fee of $95, this card will serve as the premium option in the hotel brand's new lineup. Looking at the Choice Privileges Select, it offers a mix of rewards categories....
Melissa Urban holding a Ness card

Health and Wellness Rewards Card Ness Partners with Whole30

In recent years, several unique rewards cards have come to market. These include offerings from FinTech startups as well as brands looking to do something special for their loyal fans. On that note, a recently-announced rewards credit card offering is now working with a popular brand to introduce new benefits for customers. This week, the Ness Card (which is issued by The Bank of Missouri) unveiled a new partnership with...