Advertiser Disclosure
Advertiser Disclosure: The credit card and banking offers that appear on this site are from credit card companies and banks from which MoneyCrashers.com receives compensation. This compensation may impact how and where products appear on this site, including, for example, the order in which they appear on category pages. MoneyCrashers.com does not include all banks, credit card companies or all available credit card offers, although best efforts are made to include a comprehensive list of offers regardless of compensation. Advertiser partners include American Express, Chase, U.S. Bank, and Barclaycard, among others.

Credit Card Rewards & Benefits for the COVID-19 Era


FEATURED PROMOTION


Dig Deeper

Additional Resources

High School Grads: Start College in Fall 2021 or Take a Gap Year?
9 Best Business Bank Account Promotions & Offers - October 2021
6 Best Tech Stocks to Buy in 2021
15 Tips for Shopping for Fresh Produce at Local Farmers Markets
Green Energy Tax Credits for Home Improvement & Energy Efficiency

The COVID-19 pandemic has disrupted society and the economy on a global scale like few other events in living memory. Financial companies large and small recognize the pandemic’s magnitude.

While their chief focus in the near term is blunting the fiscal impact of the crush of loan delinquencies caused by spiking unemployment and falling incomes, they’re reacting in less visible ways as well.

One such response is an adjustment to popular credit card rewards programs and fringe benefits packages.

Well over a dozen credit cards — mostly premium travel rewards cards and business credit cards — temporarily added new rewards categories (or increased existing rewards rates) and potentially valuable fringe benefits to reflect their newly homebound users’ changing spending habits. Some have since expired, but others remain in effect.

New cardholders can still take advantage of the rewards and benefits that remain in effect, so it’s not too late to get off the fence and apply if you’ve been considering a new card. Here’s a detailed look at the best new credit card features and benefits for the COVID-19 era.

New Credit Card Perks & Benefits for the Coronavirus Pandemic

In response to the onset of the COVID-19 pandemic, multiple credit cards from American Express, JPMorgan Chase, Capital One, and Citibank added temporary perks and benefits to their most popular travel cards and general-purpose rewards credit cards. Some remain in effect.

American Express

These American Express cards added new perks, benefits, and credit opportunities in response to the COVID-19 pandemic. Check with the issuer to confirm that they remain in effect:

Delta SkyMiles Gold American Express Card

For a limited time, the Delta SkyMiles® Gold American Express card has a nice little bonus for cardholders who’ve temporarily paused their travel plans during the pandemic: a $100 Delta flight credit that’s yours after spending $10,000 in purchases in a calendar year.

This promotion has no set end date, but it’s subject to change at Amex and Delta’s discretion.

Hilton Honors Amex Credit Cards

Free weekend night certificates issued through Dec. 31, 2021, for users of the Hilton Honors American Express Aspire card and the Hilton Honors American Express Surpass card, stay valid for 12 months from the issue date and can be redeemed on weekdays as well.


Chase

These JPMorgan Chase credit cards have added new perks and benefits as well:

Chase Sapphire Reserve Card

The Chase Sapphire Reserve® card has a very impressive lineup of temporary benefits:

  • The $300 annual statement credit, generally reserved for travel, also applies to supermarket and gas station purchases through Dec. 31, 2021.

These temporary opportunities complement a raft of permanent Chase Sapphire Reserve perks and benefits rolled out in early 2020, including:

  • A complimentary subscription to DoorDash DashPass through at least 2021, depending on when your account is opened, with benefits like free delivery on eligible DoorDash takeout (delivery) orders
  • $60 in statement credits against eligible DoorDash purchases in 2021
  • Up to $120 back in statement credits on an eligible Peloton Digital or All-Access Membership through Dec. 31, 2021
  • 10 Ultimate Rewards points per $1 spent on eligible purchases of Peloton equipment (Bike, Bike+ Tread, Tread+, and accessories over $1,800), up to 50,000 bonus points earned, through March 31, 2022

Additional Temporary Benefits for Chase Cardholders

Chase Sapphire Preferred® also offers a limited-time deal for Peloton members: up to $60 off select Peloton memberships through Dec. 31, 2021, including full access to Peloton’s digital workout library with no fitness equipment required, and 5 points per $1 spent on eligible Peloton equipment and accessories over $1,800, up to 25,000 bonus points earned.


Citi

These Citibank credit cards added limited-time new perks and benefits as well:

Citi Prestige Card

You can apply the Citi Prestige card’s 2021 travel credit — worth $250 — to restaurant and grocery store purchases in addition to airfare, hotel bookings, car rentals, and other types of eligible travel.

This offer is available only to current Citi Prestige cardholders and expires on Dec. 31, 2021, though Citi may choose to reinstate it in future years at its discretion.

See our Citi Prestige card review for more details about this card’s rewards program and benefits.

Citi / AAdvantage Executive World Elite Mastercard

Current Citi / AAdvantage Executive World Elite Mastercard cardholders earn a $225 statement credit upon account renewal. Eligibility for this perk is limited to accounts open as of March 31, 2020.

See our Citi / AAdvantage Executive World Elite Mastercard review for more details on this card.


Final Word

As we all adjust to the new normal of the post-COVID-19 era, it’s fair to expect credit card issuers (and cardmembers) to do the same.

That could mean more temporary or permanent changes to existing personal and small-business cards’ rewards programs and benefits packages, such as new rewards categories, sign-up bonus (welcome bonus) opportunities, and fringe benefits.

Perhaps more exciting, it could also lead to entirely new cards that reflect long-term changes in consumer behavior and spending. The airline and hotel credit card spaces have been especially volatile during the pandemic, so perhaps new offerings from top brands like Hyatt, Hilton, and Marriott are on the way.

FEATURED PROMOTION

Stay financially healthy with our weekly newsletter

FEATURED PROMOTION