Update 7/26/24: It seems this $15/$10 monthly/quarterly credit is ending on July 31st. Be sure to use up your monthly Sapphire Reserve credit, as usual. Also be sure to use up your quarterly Freedom and Sapphire credits which reset on July 1st, if you have not yet used them.
The Offer
Direct Link to offer
- Chase teams up with Instacart to offer a statement credit to offset Instacart purchases on all of the various Sapphire and Freedom card varieties. This is on top of the free Instacart+ membership which was released in June. Once activating the Instacart+ membership, you’ll be eligible for the credits.
- Sapphire Reserve and JP Morgan Reserve gets a $15 statement credit each calendar month; plus free Instacart+ membership for 12 months
- Sapphire and Sapphire Preferred gets a $15 statement credit each quarter; plus free Instacart+ membership for 6 months
- Freedom, Freedom Unlimited, Freedom Flex, Freedom Student, and Slate cards get a $10 statement credit each quarter, plus free Instacart+ membership for 3 months
Our Verdict
This is an interesting new addition for the Sapphire Reserve card, especially. Someone who uses Instacart on a regular basis can see a full $180 benefit here. Even if not, maybe you can get some value out of this. Let us know if there’s any easy way to use this credit up.
Remember, again, to cancel your Instacart+ before the end of the free membership since you’ll get auto-charged the renewal fee. I’m not positive, but the monthly/quarterly credits will probably stop after cancelling the membership.
The $60 annual credits on the Sapphire cards and $40 on Freedom cards can hopefully be somewhat useful as well. Again, you’ll only get one or two quarters of credits when utilizing the free Instacart+ trial on these cards. After that the quarterly credits probably won’t continue.
Source: doctorofcredit.com