Update, 7/7: DDF member sruly notes that he was able to get a refund for his Instacart membership that was renewed a few weeks earlier. He bought it again on his Sapphire Reserve for $99 and got a $50 statement credit and 495 points at 5 points per dollar. He was then able to redeem 6,600 points for a $99 statement credit, so in total he effectively used 6,105 points for a 1 year Instacart membership (normally $99) and a $50 statement credit.
Update, 7/6: Chase’s media relations team wrote to me that the dining bonus was an error and purchases will no longer earn 5 points per dollar.
Update, 7/3: Multiple DDF members, readers, and sites are reporting that restaurant and restaurant delivery services are earning 5 points per dollar on Sapphire Reserve and 3 points per dollar on Sapphire Preferred this month. It’s unclear if this will also be valid for the entire quarter or what the cap might be, but enjoy it while it lasts!
Chase is continuing to add new temporary benefits to their Sapphire Reserve and Sapphire Preferred cards to make up for the travel slowdown caused by COVID-19. Registration for these offers is not required.
New benefits that will be valid in Q3 (7/1-9/30) include:
- Up to $50 in statement credits for monthly or annual Instacart Express membership on the Sapphire Reserve or Sapphire Preferred. This is only valid for membership, not for purchases.
- Instacart has been a lifesaver during these times with grocery deliveries, but this would have come in handy back in March when we signed up for a membership. It doesn’t seem possible to cancel for a refund or to prepay for another year. A monthly membership is $9.99 and an annual membership is $99. Note that some grocery stores have in-store pricing, while others have a surcharge. You can also get an additional $10 bonus with my wife’s Instacart referral link here.
- 5 points per dollar spent with Sapphire Reserve or 3 points per dollar spent with Sapphire Preferred on Instacart, up to $3,000 per card. You can offset these purchases with statement credits at a value of 1.5 cents per point and still keep the 5 points per dollar spent!
- 5 points per dollar spent with Sapphire Reserve or 3 points per dollar spent with Sapphire Preferred on gas (including gift cards sold by gas stations), up to $1,500 per card.
- 10 points per dollar spent with Sapphire Reserve or 5 points per dollar spent with Sapphire Preferred on select streaming, up to $1,500 per card. This will work for Disney+, Hulu, ESPN+, Netflix, Sling, Vudu, Fubo TV, Apple Music, SiriusXM, Pandora, Spotify, or YouTube TV. Sadly, it doesn’t seem like my Amazon gift card conversion will work as Amazon isn’t listed, but let us know what happens if you try it.
As previously announced, you can also:
- Redeem your Sapphire Reserve Ultimate Rewards points to offset any dining (Including Doordash/Uber Eats), grocery store (including Instacart), or home improvement purchases at a rate of 1.5 cents per point or you can redeem your Sapphire Preferred Ultimate Rewards points at a rate of 1.25 cents per point through 9/30. You can click here to redeem your points for statement credits.
- You can renew your Sapphire Reserve card at a $450 annual fee from July-December.
- You can get free DoorDash DashPass Membership.
- You can get $60 in statement credits for Doordash purchases in both 2020 and 2021 with Sapphire Reserve. You can offset these purchases twice by paying yourself back with points at a value of 1.5 cents each!
- Between 6/1-12/31 you will get automatically reimbursed for gas and groceries with your Sapphire Reserve $300 travel credit.
Which of these benefits will you take advantage of?