Home Credit Cards Chase Credit Cards Chase is introducing new spending bonuses for 3Q 2022

Chase is introducing new spending bonuses for 3Q 2022 [Targeted]


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The second quarter of this year saw Chase offering a variety of targeted spending bonuses across its co-branded card portfolio and it looks like the bonus bonanza is continuing into 3Q 2022 with cardholders already seeing new targeted bonuses for spending starting tomorrow.

New Chase spending bonuses

It looks like Chase may have changed things up a little this quarter because from what I can see, all targeted cards are offering bonuses in the same spending categories. The number of points/dollar on offer may vary but unlike similar promotions that we’ve seen in the past, I’m not seeing any variation in the spending categories across all of my Chase cards.

For Q3 2022, it looks like Chase is offering bonuses for spending in just three categories:

  • Gas stations
  • Grocery stores
  • Home improvement stores

Most targeted cards appear to be offering between 5 and 7 points/dollar (in total) for up to $1,500 of combined spending made these categories between 1 July and 30 September 2022 (my IHG® Rewards Premier credit card is offering 7x, while all my other targeted cards are offering 5x).

As has been the case with a lot of other similar promotions, these offers are being targeted at Chase’s co-branded credit cards (e.g. United Club℠ Infinite card, Southwest Rapid Rewards® Premier credit card, Marriott Bonvoy Boundless® credit card, World of Hyatt credit card, etc…) and not Chase’s standalone cards which, in some cases, were targeted for other bonuses a week or so ago.

If you want to see what bonuses Chase has targeted you for you should head over to Chase.com/mybonus, enter your name, your zip code and the last 4 digits of your Chase credit card and the site will show you if you have any promotions waiting for you.

Be aware, however, that any cards that were targeted for any 2Q bonuses will currently still show those bonuses when a cardholder checks the Chase/mybonus site because those bonuses don’t expire until the end of today – anyone in this position will have to check again tomorrow to see if their card(s) have been targeted for a second quarter in a row.

Note: Cards that are not open to new applicants (like the Ritz-Carlton card and the legacy IHG Rewards credit card) are also being targeted for this promotion.

Key terms

The specific wording will differ from card to card but the key terms that appear to have been applied to all the cards that have been targeted in this promotion look like this:

  • To be eligible for this bonus offer, you must activate by 09/30/22 11:59 PM ET.
  • You will earn [X] points total for each $1 spent in the gas station, grocery store, and home improvement stores categories on up to $1,500 in total combined purchases from 07/01/2022 to 09/30/2022.
  • Total points shown are the maximum you will earn on those purchases during the promotion, regardless of what you already earn on those purchases in your rewards program.
  • For more information about Chase rewards categories, see chase.com/RewardsCategoryFAQs.
  • Purchases posted to your account with a transaction date during the offer period are eligible for this offer.
  • Please allow up to 8 weeks after qualifying purchases post to your account for points to post to your account. (“Purchases” do not include balance transfers, cash advances, travelers checks, foreign currency, money orders, wire transfers or similar cash-like transactions, lottery tickets, casino gaming chips, race track wagers or similar betting transactions, any checks that access your account, interest, unauthorized or fraudulent charges, and fees of any kind, including an annual fee, if applicable.)
  • To qualify for this bonus offer, account must be open and not in default at the time of fulfillment.

Full terms and conditions can be found on the targeted offer.

Quick thoughts

For some, the fact that there doesn’t appear to be any variation in the spending categories for which bonuses are being offered will be a little disappointing, but the fact is that the three categories that Chase has chosen for 3Q are pretty good.

For a variety of reasons, most people reading this post won’t have much trouble maxing out their targeted offers simply from spending made at gas stations and grocery stores, and if anyone reading this is doing any home improvements, their path to maxing out the bonuses they’ve been targeted for should be even easier.

There is, however, one word of caution that I should throw in here before anyone gets the impression that there’s nothing more to think about: These deals may not represent the best that you can do. Other credit cards that you hold may still give you a better return.

The best way to explain what I mean is to give you an example of one of my offers.

My IHG® Rewards Premier credit card is offering me 7 points/dollar on up to $1,500 of combined spending at gas stations, grocery stores, and home improvement stores, and because I value IHG points at 0.4 cents each (based on the value that I know I can get out of them with ease), that, to me, represents a rebate of 2.8% for spending in all three of those categories.

As well as my IHG Rewards Premier credit card, however, I also happen to hold the excellent Citi Premier® credit card which offers me 3 points/dollar on all spending made at gas stations and grocery stores, and because I value Citi ThankYou points at 1.5 cents each, this card offers me an effective rebate of 4.5% in these spending categories. Unless I desperately needed IHG points, I would be foolish to use my IHG card over my Citi card when buying gas or groceries.

I also hold the Blue Business® Plus Credit Card from American Express which offers me 2 points/dollar on up to $50,000 of annual spending across all categories (terms apply) and as I value Membership Rewards points at 1.5 cents each, this card offers me an effective rebate of 3.0% when I pay for purchases at home improvement stores. Once again, unless I desperately needed IHG points, I would be foolish to use my IHG card over my Amex business card when paying for drywall and paint.

Clearly, it’s not always going to be the case that you’ll find that another card in your wallet will trump whatever Chase is offering you in 3Q (I’d happily take 5 World of Hyatt points/dollar at gas stations, grocery stores, and at home improvement stores over anything that my other cards offer me) but it’s always worth working out exactly what effective rebate these Chase spending bonuses are giving you before choosing which card to pull out of your wallet when it comes time to pay.

Bottom line

If you hold a Chase co-branded credit card there’s a good chance that you’ve been targeted for a 3Q spending bonus. Don’t forget to compare the bonuses that Chase is offering to the value you can get from the other cards in your portfolio as the 3Q bonuses may not be the best deals open to you, and don’t forget to visit Chase.com/mybonus tomorrow, 1 July, if a targeted offer isn’t waiting for you right now – things may change overnight.

Have you been targeted for any of these bonus offers?

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