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HomeCredit CardsNew Perks and Bonus Categories Added to Chase Sapphire Preferred and Reserve...

New Perks and Bonus Categories Added to Chase Sapphire Preferred and Reserve Cards

New benefits include higher reward rates, a new hotel credit and new Sapphire airport lounges.

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The Chase Sapphire Preferred® Card and Chase Sapphire Reserve® are among the best credit cards for travelers, and both cards have new benefits starting on August 16th, 2021. Depending on your travel preferences and annual fee tolerance, one of these cards was likely already a good deal for your travel rewards needs. The new rewards rates and benefits just sweeten the deal with no increase in the annual fee.

New Chase Sapphire Preferred Benefits

Offer Details

Secure application on issuer’s website.

Annual Fee: $95
Bonus: 60,000 Points
APR: Variable Rate
Rewards Rate: 1X-5X Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $95

APR: Variable APR depending on credit worthiness.

Rewards Rate: The card offers 5x points per dollar on travel booked through Chase Ultimate Rewards, 3x points on dining (including eligible takeout and delivery services), 3x points on select streaming services, 3x points on online groceries (excluding Target and Walmart), 2x points on all other travel spending and 1x point per dollar everywhere else. Chase broadly defines travel to include not just airfare, hotels and rental cars, but expenses like parking, tolls and public transit too. Also, the card earns 5x points per dollar spent on Lyft rides through March 2022.

Sign-Up Bonus: New applicants can earn 60,000 bonus points after using their card to spend $4,000 on purchases in the first three months of account opening. That’s $750 when redeeming points to book travel through Chase Ultimate Rewards.

Who Should Use This Credit Card? People who are beginning with travel rewards cards.

Why We Like It

Why We Like the Chase Sapphire Preferred® Card

The Chase Sapphire Preferred actually works like having over a dozen different rewards credit cards. That’s because this credit card allows you to transfer your rewards points into miles with 11 airlines and points with three hotel programs.

Although the Chase Sapphire Preferred might not be ideal for the most frequent travelers and highest spenders, it’s part of a family of Chase cards that has a built-in upgrade path. So when it comes time to take your travel rewards game to the next level, you won’t have to start from scratch with an entirely different credit card and rewards program.

The card has a $95 annual fee, but the $50 annual Ultimate Rewards Hotel Credit effectively reduces that fee to $45. Plus, the credit card allows you to continue earning points through bonus categories and a 10% anniversary points boost. But when it comes time to redeem your rewards for travel, this card really shines. You can take advantage of some really strong transfer partners such as United, Southwest, Singapore Airlines, Virgin Atlantic and Hyatt. Similarly, you can just book any reservation you want through the Chase Ultimate Rewards travel center.


For Chase Sapphire Preferred, which requires a $95 annual fee, the card gets a new 5x rewards rate for travel purchased through Chase Ultimate Rewards, 3x for select streaming services and 3x for online grocery purchases (excluding Target, Walmart and wholesale clubs). The dining category will offer 3x points per dollar, which is a 50% increase from the old rate.

Bonus CategoryNew Rewards RateOld Rewards Rate
Travel booked through Chase5x per dollar2x per dollar
Dining3x per dollar2x per dollar
Travel2x per dollar2x per dollar
Online groceries3x per dollar1x per dollar
Streaming services3x per dollar1x per dollar
All other purchases1x per dollar1x per dollar

Spending on travel purchases outside of the Ultimate Rewards ecosystem remains the same at 2x points per dollar on spending that codes as travel, which includes flights, hotels, vacation rentals and even commuting expenses like parking, trains and taxis. In fact, the Chase Sapphire Preferred awards 5x total points on Lyft rides through March 2022.

In addition to the new benefits, on your credit card anniversary, you’ll get a 10% bonus equal to all points you earned over the previous year.

Perhaps most exciting is a $50 annual credit on hotel stays purchased through Ultimate Rewards. If you book a hotel and take full advantage of this credit every year, you’ve effectively made up half of the annual fee in a single purchase.

The Chase Sapphire Preferred card was already a no-brainer for people who travel at least a few times per year and want rewards redeemable for flights, hotels and other travel. With these new benefits and the current 60,000-point signup bonus, now is an excellent time to sign up.

A hundred thousand Chase Ultimate Rewards points are worth $750 in travel when booking through Ultimate Rewards, or you can transfer to partner airlines and hotels for potentially more value, like when I took my dad to Israel, business class, mostly using Chase points.


Here’s a full look at the new benefits:

NEW Chase Sapphire Preferred Benefits (starting August 16th, 2021)

  • 5x total points on all travel purchased through Chase Ultimate Rewards
  • 3x points on dining, including eligible delivery services, takeout and dining out (previously 2x)
  • 3x points on select streaming services
  • 3x points on online grocery purchases (excluding Target, Walmart and wholesale clubs)
  • $50 Annual Credit on hotel stays purchased through Ultimate Rewards. New cardmembers will start earning towards the credit immediately and existing cardmembers will start earning after their next account anniversary.  
  • 10% Anniversary Point Bonus. Each account anniversary, cardmembers will earn bonus points equal to 10% of total purchases made the previous year. That means, $25,000 in spend will earn an additional 2,500 bonus points. 
  • Plus, new Sapphire Preferred cardmembers can currently earn 60,000 bonus points after spending $4,000 on purchases in the first three months from account opening, worth $750 in travel booked through Ultimate Rewards.
  • The Sapphire Preferred card will also feature a sleek new card design, which will be available to new and existing cardmembers after August 16th.

New Chase Sapphire Reserve Benefits

Offer Details

Secure application on issuer’s website.

Annual Fee: $550
Bonus: 50,000 Points
APR: Variable Rate
Rewards Rate: 1X-10X Points
Details: Full Review

Terms and restrictions apply

Offer Terms

Annual Fee: $550

APR: Variable APR depending on credit worthiness.

Rewards Rate: The card offers you 10x points per dollar spent on hotels, rental cars and Chase Dining experiences booked directly through the Chase Ultimate Rewards portal. Additionally, it awards 5x points on flights booked through Chase Ultimate Rewards and 3x points per dollar spent on all travel and dining purchases and 1x everywhere else.

Sign-Up Bonus: Earn 50,000 bonus points after using their card to spend $4,000 within three months of account opening.

Who Should Use This Credit Card? Frequent travelers who are serious about earning travel awards.

Why We Like It

Why We Like the Chase Sapphire Preferred® Card

Right off the bat, Chase Sapphire Reserve features a $300 annual credit for travel purchases. That means the annual fee is effectively just $250 per year for frequent travelers. You also get free access to more than 1,300 Priority Pass lounges and restaurant options around the world. Those lounges usually give you free food and drinks, cleaner bathrooms, fast internet and a comfortable place to sit outside of the ruckus of an airport terminal. Plus, the Sapphire Reserve will get you access to the upcoming Chase Sapphire Lounge network.

If you’re looking to elevate your travel experience, look no further than the Chase Sapphire Reserve. When you first get approved, you’ll earn 50,000 bonus points after you spend $4,000 in the first three months — that’s worth $750 in travel booked through Chase Ultimate Rewards and potentially more if you transfer your rewards to one of Chase’s airline or hotel partners.


Chase Sapphire Reserve is among the top ultra-premium travel rewards cards. While it requires a significant $550 annual fee, plus $75 per authorized user, the benefits are truly first-class, including a $300 annual travel credit, Priority Pass lounge access, a credit for TSA PreCheck or Global Entry and other benefits and perks.

New benefits for Chase Sapphire Reserve cardholders include a new 10x rewards category on dining, hotel stays and car rentals booked through Chase Ultimate Rewards, 5x for air travel purchased through Ultimate Rewards and access to newly-announced Chase Sapphire Lounges upon open.

Three locations are announced so far. Opening dates and new locations are to be announced. I personally hope they add Denver and LAX to the list (hint if you’re reading this, Jamie Dimon), as those are my most frequented major airports.


Here’s a full list of the new benefits, courtesy of Chase:

NEW Chase Sapphire Reserve Benefits (starting August 16th)

  • 10x total points on Chase Dining purchases through Ultimate Rewards
  • 10x total points on hotel stays and car rentals purchased through Ultimate Rewards
  • 5x total points on air travel purchased through Ultimate Rewards
  • In addition to earning points, later this year Reserve cardmembers will have access to “Reserved by Sapphire,” featuring exclusive opportunities to book reservations at some of the most sought-after restaurants across the country including 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, IL.
  • New Sapphire Reserve cardmembers can currently earn 50,000 bonus points after spending $4,000 on purchases in the first 3 months of account opening, worth $750 when redeemed for travel in Ultimate Rewards

This Is a Great Time to Sign Up for Sapphire Credit Cards

I personally like the Chase Sapphire credit cards so much that my family has two – I have the Chase Sapphire Reserve and my wife has the Chase Sapphire Preferred. These bonuses and new features would certainly have pushed me past the tipping point to sign up if we didn’t already have them.

While the cards are not free, it’s easy to see how you can get a lot more value per year from rewards and benefits than the annual fee. The more you use the card and travel, the more you’ll enjoy the benefits.

If you’re still on the fence, check out our full Chase Sapphire Preferred review here to learn more about the full list of benefits and how to take advantage. Once you’ve signed up and earned your big bonus, your biggest problem will be deciding where to travel next!

While we work hard on our research, we do not always provide a complete listing of all available offers from credit-card companies and banks. And because offers can change, we cannot guarantee that our information will always be up to date, so we encourage you to verify all the terms and conditions of any financial product before you apply.

Eric Rosenberg
Eric Rosenberg is a finance, travel, and technology writer in Ventura, California. He is a former bank manager and corporate finance and accounting professional who left his day job in 2016 to take his online side hustle full-time. He has in depth experience writing about banking, credit cards, investing, business, and other financial topics. When away from the keyboard, Eric enjoys exploring the world and spending time with his wife and little girls. You can connect with him at Personal Profitability or EricRosenberg.com.

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