Chase Making Changes To Chase Sapphire Reserve & Preferred Cards (Hotel Credit, 10% Anniversary Credit & More)

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According to leaked cardmember agreements it looks like Chase is making some changes to the Chase Sapphire Reserve & Chase Sapphire Preferred card. Based on these agreements these changes will go into effect on August 15th, 2021. The changes are as follows:

Chase Sapphire Preferred Changes

  • $50 Annual Hotel Credit. This is per cardmember year, rather than calendar year.
  • Card earns at the following rates:
    • 5x on travel booked through the Chase Travel portal.
    • 3x on  Dining/Streaming Services/Grocery (excludes: Walmart and Target and wholesale clubs)
    • 2x on travel
    • 1x on all other purchases
    • 10% Anniversary point bonus. When you renew your card Chase will offer a 10% bonus on points earned.

Chase Sapphire Reserve Changes

  • Card earns at the following rates:
    • 10x on dining, hotel and car rental purchases through Chase Travel portal
    • 5x on airline travel booked through the Chase Travel portal.
    • 3x on  Dining/Streaming Services/Grocery (excludes: Walmart and Target and wholesale clubs)
    • 2x on travel
    • 1x on all other purchases

Our Verdict

Chase offered 10x on dining purchases through Chase Dining when it first launched, so not terribly surprising to see this here. Chase has also offered anniversary point bonuses in the past, but that required holding a checking account as well. The terms don’t show the annual fees, so it’s possible we will see a fee increase on the Sapphire Preferred. Obviously it’s not guaranteed that these changes will go into effect, but it seems very likely unless Chase were underwhelmed with the American Express Platinum changes.

Hat tip to the_one_with_me





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