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https://ultimaterewardspoints.chase.com/pay-yourself-back

Sapphire Reserve
With the Pay Yourself Back tool, your Ultimate Rewards points are worth 50% more when you redeem them for statement credits against purchases in our current categories: grocery stores, dining (including restaurants, takeout, and eligible delivery services), and home improvement stores such as Home Depot and Lowes. Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and youíll get a statement credit. Take advantage of this promotion through September 30, 2020.


Sapphire Preferred
With the Pay Yourself Back tool, your Ultimate Rewards points are worth 25% more when you redeem them for statement credits against purchases in our current categories: grocery stores, dining (including restaurants, takeout, and eligible delivery services), and home improvement stores such as Home Depot and Lowes. Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and youíll get a statement credit. Take advantage of this promotion through September 30, 2020.

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Ultimate Rewards points may be redeemed for a statement credit to Pay Yourself Back for purchases made at select merchants within the 90 days before the redemption request date.
Currently, only purchases made with your Chase card with Ultimate Rewards at restaurants and grocery stores (including takeout & eligible delivery services), and home improvement stores will qualify. For information about Chase rewards categories and an example of eligible merchants, please see our FAQs.
Categories, eligible merchants, and purchase transaction eligibility may change from time to time without notice.
Redemptions require a minimum of 1 point.
Each point you redeem for a statement credit towards eligible Pay Yourself Back purchases is worth $0.015, which means that 100 points equals $1.50 in redemption value. Chase has the right to change redemption values at any time.
Statement credits will post to the card account within 3 business days of a request to redeem and will appear on the monthly Chase credit card billing statement within 1-2 billing cycles.
Statement credits will reduce your balance but you are still required to make at least your minimum payment. Chase reserves the right to determine which purchases qualify for a statement credit.
Even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won't qualify for rewards offers on purchases in that category


https://www.chase.com/personal/credit-cards/sapphire-reserve-benefits
https://www.chase.com/personal/credit-cards/sapphire-preferred-benefits
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F&Q https://ultimaterewardspoints.chase.com/faq?topic=4700000




« Last edited by Joel2 on May 31, 2020, 08:19:03 AM »

Author Topic: Chase added benefits! Redeem points @1.5  (Read 5625 times)

Offline farmbochur

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Re: Chase added benefits! Redeem points @1.5
« Reply #45 on: June 01, 2020, 10:25:17 AM »
By using S&S/Fuel Rewards reward points for gas which he received by using the Chase card at the store.
Fuel rewards are also worth $. No such thing as a free lunch
Risk is opportunity

Offline ROYA

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Re: Chase added benefits! Redeem points @1.5
« Reply #46 on: June 01, 2020, 10:29:46 AM »
By using S&S/Fuel Rewards reward points for gas which he received by using the Chase card at the store.
Fuel rewards are also worth $. No such thing as a free lunch
That does count as free IMHO. Just wasn't understanding what he meant.

Offline TheDroid

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Re: Chase added benefits! Redeem points @1.5
« Reply #47 on: June 01, 2020, 01:47:16 PM »
I was going to modify my post to say A/A but it doesn't allow me to do that anymore. It stands for Adverse Action. See the link below for a list of acronyms that you can use when having trouble figuring one out.
https://forums.dansdeals.com/index.php?topic=10531.0Not sure why that makes it free gas. Points are worth $. You used points for the gas.

I know you meant Adverse Action. But I'm trying to say maybe we need something more unique.
AA is just way too common. On my last trip to Asia, AA means AirAsia. On my last cruise, AA means Alcoholics Anonymous. In UK it is their AAA.

Offline Dan

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Re: Chase added benefits! Redeem points @1.5
« Reply #48 on: June 01, 2020, 02:00:16 PM »
I know you meant Adverse Action. But I'm trying to say maybe we need something more unique.
AA is just way too common. On my last trip to Asia, AA means AirAsia. On my last cruise, AA means Alcoholics Anonymous. In UK it is their AAA.
That's why the abbreviation on DDF is A/A.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Online CountValentine

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Re: Chase added benefits! Redeem points @1.5
« Reply #49 on: June 01, 2020, 02:48:43 PM »
I know you meant Adverse Action. But I'm trying to say maybe we need something more unique.
AA is just way too common. On my last trip to Asia, AA means AirAsia. On my last cruise, AA means Alcoholics Anonymous. In UK it is their AAA.
...and in the MS/churning world AA means Adverse Action.
You're so far up Trump's a** you can see Giuliani's feet.  HT Baruch

Offline normathej

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Re: Chase added benefits! Redeem points @1.5
« Reply #50 on: June 02, 2020, 10:32:29 AM »
"The annual fee increase from $450.00 to $550.00 for existing Chase Sapphire Reserve customers has been postponed until 2021. Customers who product change​ to Sapphire Reserve credit card will be charged a $550.00 annual fee ."

What if you apply for a new Sapphire Reserve in July, as opposed to upgrading. Will it still be $550?

Offline Dan

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Re: Chase added benefits! Redeem points @1.5
« Reply #51 on: June 02, 2020, 10:34:15 AM »
Several DDMS commenters being told $450 upon upgrading.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Geshmak25

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Re: Chase added benefits! Redeem points @1.5
« Reply #52 on: June 02, 2020, 10:38:57 AM »
Several DDMS commenters being told $450 upon upgrading.
Guess it depends on the agent. If the agent says 450 and you are charged 550 will you be able to dispute (even if the upgrade letter says 550)?
PUTPAC = PITA

Offline Malachi

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Re: Chase added benefits! Redeem points @1.5
« Reply #53 on: June 02, 2020, 10:39:13 AM »
Several DDMS commenters being told $450 upon upgrading.
I was told 550. Once the fee hits Iíll try to report back
Denny Crane

Offline Dan

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Re: Chase added benefits! Redeem points @1.5
« Reply #54 on: June 02, 2020, 10:50:56 AM »
Guess it depends on the agent. If the agent says 450 and you are charged 550 will you be able to dispute (even if the upgrade letter says 550)?
I would. They keep recordings, so note the time of the call and take your own recording.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Online Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #55 on: June 02, 2020, 12:32:30 PM »
Several DDMS commenters being told $450 upon upgrading.
My father upgraded yesterday he was told $550 lets hope thats not true when the fee posts

Offline farmbochur

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Re: Chase added benefits! Redeem points @1.5
« Reply #56 on: June 02, 2020, 01:25:12 PM »
Does it make sense to proactively spend on your CSR to cash out UR at 1.5?

Here's an analysis I threw together.

Key:

Columns B & C examine the profit for someone looking to put spend on their CSR for purposes of cashing out UR at 1.5 CPP.

Column D examines the profit for the next best option for grocery spend. In my situation, that's earning 12 PPD on the Hilton Aspire.

Feel free to adjust the CPP in row 8 to suit your situation. I'm sure many will argue that the CPP should be in the 1.5 - 3.0 based on redemption value for aspirational awards, but I think there are 2 important considerations.

1. Do you earn points faster than you can practically redeem?

2. COVID may severely limit your travel in the near term. If comparing cash today to miles redeemed tomorrow, it makes sense to discount the value of the miles.
« Last Edit: June 02, 2020, 01:49:46 PM by farmbochur »
Risk is opportunity

Offline TheDroid

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Re: Chase added benefits! Redeem points @1.5
« Reply #57 on: June 02, 2020, 01:34:51 PM »
Several DDMS commenters being told $450 upon upgrading.

I thought the official communication was $450 for 'renewals'.
I don't suggest this as an expectation but rather luck.

Those that might get $450 undetected is who upgraded and their account anniversary falls during July-December. (DP needed)

Offline ROYA

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Re: Chase added benefits! Redeem points @1.5
« Reply #58 on: June 02, 2020, 09:35:09 PM »
Is it frowned upon to upgrade and take advantage of the $300 credit and the 1.5% redemption and then downgrade not long after??
I haven't heard of that being an A/A trigger, but anything is possible.
Quote from DDMS article: "But the painful lessons here are obvious. Donít try to scam the system or youíll face jail time. And donít hand over your credit information or credit cards to anyone else for any price."
Would the above be considered scamming the system? Or are we just talking about a calculated risk. The reason I keep bringing it up is because I'm not sure how much sense it makes to pay the annual fee in exchange for the recent enhanced benefits..
Another example would be when people took advantage of the $1,500 credit limit_No annual fee loop hole..



Offline Geshmak25

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Re: Chase added benefits! Redeem points @1.5
« Reply #59 on: June 02, 2020, 10:11:55 PM »
The reason I keep bringing it up is because I'm not sure how much sense it makes to pay the annual fee in exchange for the recent enhanced benefits..
So then maybe dont upgrade? Or do it and live with the consequences (which most likely will not end in jail time lol).

Personally, if I were thinking of upgrading/downgrading to avail myself of the 1.5 redemption option I would not use up the $300 travel credit. That feels like its taking too much advantage. But everyone has different feelings on these issues...
« Last Edit: June 02, 2020, 10:30:38 PM by Geshmak25 »
PUTPAC = PITA