Along with announcements today about Peloton equipment purchases earning 10x on the Chase Sapphire Reserve and 5x on the Sapphire Preferred and the extension of Pay Yourself back through September 30, 2021, Chase also announced today that the Sapphire Reserve travel credit will be applicable toward gas station and grocery store purchases through the end of 2021. That is an extension from the previously-announced timeline set to end on June 30, 2021.
This is particularly good news for those applying under the newly-increased offer on the Sapphire Reserve card. I imagine that most existing cardholders wouldn’t have had much trouble using their travel credit toward grocery spend already (especially given that grocery purchases have been earning 3x on up to $1K per month and continue to do so through April 30th on the Sapphire Reserve), but if you’ve procrastinated you now have more time (through I’d suggest trying to use up the credit while you can still stack it with 3x earning).
There has been no word on any changes to the $300 travel credit on Chase’s other mainstream Visa Infinite card, the Ritz-Carlton Visa Infinite (which is no longer available to new applicants but may be available via product change). That credit could be applied to dining purchases during the second half of 2020, but there has been no alternative use announced for the credit for 2021. Still, we’ve had many success reports from people who have been able to use the credit for a wide range of travel incidentals. Since the Ritz card is no longer available to new applicants I can’t imagine that Chase will prioritize making those credits any easier to use.
Overall, I find this extension for Chase Sapphire Reserve cardholders nice although I wish Chase would have extended 3x at grocery stores to go along with the credit.