Chase Sapphire Preferred: $50 Grocery Credit for New Cardmembers

» This offer has expired

This credit on the Chase Sapphire Preferred® Card has expired. See our card details page for the current offer on the Chase Sapphire Preferred® Card.

The Chase Sapphire Preferred® Card will offer new cardholders a one-time, automatic $50 statement credit on grocery store purchases.

The perk is an incentive to apply now for the Chase Sapphire Preferred® Card — essentially a travel credit card — even though travel remains curtailed by the COVID-19 pandemic.

Offer details

• The one-time $50 statement credit is for new cardmembers only.

• The offer will be available for 12 months from the time of account opening.

• There is no spending threshold required to get the credit.

• There is no activation required to get the credit.

• Eligible grocery store purchases will automatically qualify for the credit. Purchases must be made at traditional supermarkets. (Chase does not count warehouse clubs as eligible grocery purchases, for example.)

• The credit is in addition to the current offer available to all cardmembers through April 30, 2021: 2X points on up to $1,000 in grocery store purchases per month.

Note: Chase has not said publicly whether the offer is for a limited time only.

» MORE: Full review of the Chase Sapphire Preferred® Card

Other card features are unchanged

Ongoing rewards:

• 2 Chase Ultimate Rewards® points per $1 spent on travel and dining at restaurants.

• 1 point per dollar on everything else.

Annual fee: $95.

Sign-up bonus: Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®.