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.
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.
Other card features are unchanged
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 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,250 when you redeem through Chase Ultimate Rewards®.