Chase Sapphire Preferred: $50 Grocery Credit for New Cardmembers

Gregory KarpJanuary 28, 2021
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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:

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 when you redeem through Chase Ultimate Rewards®. Plus earn up to $50 in statement credits towards grocery store purchases..

» MORE: Benefits of the Chase Sapphire Preferred® Card

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