How To Use The Chase Sapphire Reserve $5 Monthly DoorDash Statement Credit – New for 2022
May 2, 2022 Update – My $5 credit for May has arrived. To check your account, open your DoorDash app and click the account tab in the lower right corner. Click Payment under the Account Settings heading and then look under the DoorDash Credits heading to see if your $5 credit is available.
April 4, 2022 Update – Chase Sapphire Reserve® cardholders are now eligible for a $5 monthly DoorDash credit. Check your DoorDash account to see if you received the credit (my credit posted on the evening of 4/4/2022). If you do not see the credit, ensure your Chase Sapphire Reserve is one of your saved payment methods. The $5 credit will be automatically applied to your next order.
This credit expires after 3 months, so you can technically wait for it to build up for a $15 order every March, June, September, and December. Monthly credits will be given through December 2024. This new perk is worth up to $165 since you get $45 in 2022, $60 in 2023, and $60 in 2024.
Additionally, complimentary DashPass memberships for the Chase Sapphire Reserve® and the Chase Sapphire Preferred® Card have been extended through December 31, 2024.
See below for more details on the new credit. If you do not have a DoorDash account, you can sign up for one here.
The Vacationer Credit Card Recommendation
While the Chase Sapphire Reserve® is one of the best travel-focused credit cards, it also includes a variety of dining benefits. The most notable is the $5 monthly DoorDash credit ($45 in 2022, $60 in 2023, and $60 in 2024). This credit began in April of 2022 and replaced the old $60 per year statement credit.
Considering the Chase Sapphire Reserve has a $550 annual fee, this is a great way to offset it a little in 2022 ($550 – $45 = $505) and 2023 and 2024 ($550 – $60 = $490). In addition to the credits, Sapphire Reserve cardholders are also eligible for a complimentary one-year DashPass membership. Cardholders also earn 3x Chase Ultimate Rewards points on all DoorDash orders.
If you are not familiar with DoorDash, it is similar to GrubHub and Uber Eats. It is a third-party service allowing you to place delivery orders at a variety of different restaurants. DoorDash also allows you to opt for pickup if you want to avoid delivery fees and tip.
How to Earn Chase Sapphire Reserve $5 Monthly DoorDash Credits
Earning DoorDash credits via your Sapphire Reserve card is easy and requires no activation. Simply enter your Chase Sapphire Reserve credit card information as a payment method in your DoorDash account.
You will receive your $5 credit at the beginning of each month. Credits expire after three months, which means you can wait until the end of each quarter (March, June, September, and December) to have a total of $15 in credits. The credit can be used on everything, including delivery fees, taxes, and tip.
The previous $60 per year credit offered in 2020 and 2021 worked like the Sapphire Reserve annual $300 travel credit. The new $5 monthly credit is used up front when ordering as opposed to showing up later on your statement. Using both the new $5 monthly DoorDash credit and the $300 annual travel credit in a year drops the net annual fee to only $205 in 2022 ($550 – $300 – $45) and $190 in 2023 and 2024 ($550 – $300 – $60).
How Do I See How Much of the DoorDash Credit I Have Left?
You can see your remaining DoorDash credit balance within your DoorDash account in the Payments section. Load the app, click the Accounts tab in the bottom right corner, click the Payment tab under Account Settings, and you will see a DoorDash Credits section.
Your remaining credit will be automatically applied to your next order, and it must take place in the United States.
Do Chase Sapphire Preferred® Cardholders Get a DoorDash Statement Credit?
Currently, the $5 monthly DoorDash credits are only available to Chase Sapphire Reserve cardholders. While Chase Sapphire Preferred® Card cardholders do not receive statement credits, they are eligible for a complimentary one-year DashPass membership. Additionally, Sapphire Preferred cardholders earn 2x Chase Ultimate Rewards points on all DoorDash orders.
Chase Sapphire Reserve Cardholders Also Get a Free One-Year DashPass Membership.
To sweeten the deal, Sapphire Reserve cardholders are entitled to at least a year of free DashPass. This is DoorDash’s premium membership, and it includes the following benefits.
- $120 in Savings Per Year (DashPass costs $9.99 per month)
- $0 Delivery Fees on Orders $12 or More
- Reduced Services Fees on Orders $12 or More
Every restaurant does not qualify for DashPass benefits, but DoorDash has a handy filter option to find the ones that do. To activate your complimentary one-year DashPass membership, add your Chase Sapphire Reserve card information to the saved payment methods within your account. You will receive a prompt to begin your membership.
Depending on when you sign up, your membership will be valid for 12 to 24 months. Chase Sapphire Preferred cardholders are also eligible for at least a year of free DashPass.
No activation is required. Simply enter your Chase Sapphire Reserve credit card number in your DoorDash saved payment methods section to receive the monthly credits.
Cardholders are eligible for $5 per month in credits beginning April of 2022 and ending December 2024. That means cardholders get a total of $45 in credits in 2022 and $60 in 2023 and 2024 for a total of $165 over the next few years.
Yes, the credit can be used for any DoorDash charge.
Yes, you can use the credit for both pickup and takeout orders.
Yes, you will earn points on the amount charged to your credit card. In other words, the amount of your order minus the DoorDash credit will earn 3x points.
The $5 monthly credits expire after three months. That allows you to wait for the credits to build up and have $15 to spend at the end of each quarter.
The $60 yearly statement credits ended in 2021. Those posted as credits on your statement after the DoorDash transaction posted to your account. The new $5 credits are actual DoorDash credits in your account that you use when completing the order.
The Vacationer’s Final Thoughts
The $5 per month DoorDash credit is essential for getting the most out of your Chase Sapphire Reserve card. It is essentially free money and eats into the $550 annual fee in 2022, 2023, and 2024. With the option for pickup or delivery, DoorDash provides a ton of flexibility for using the credit.
In addition to the credit, cardholders still enjoy 3x Chase Ultimate Rewards points on DoorDash orders.
Editorial Disclosure: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.
Featured Image by mohamed Hassan via Pixabay
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