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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 you’ll 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 you’ll 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 5646 times)

Offline nafnaf12

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Chase added benefits! Redeem points @1.5
« on: May 28, 2020, 10:06:32 AM »

Between May 31 and September 30, 2020, redeem Ultimate Rewards points for 1.5 cents each towards a statement credit that offsets purchases at dining establishments, grocery stores, and home improvement stores; ordinarily points can only be redeemed for 1.5 cents each towards travel purchases
Between June 1 and December 31, 2020, the $300 annual travel credit will be expanded to automatically be applied to purchases at gas stations and grocery stores
The $550 annual fee will be lowered to $450 for renewals between July 1 and December 31, 2020; between April 1 and July 1, Chase has been offering a $100 statement credit on renewals, so this will replace that



HT
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Offline AJK

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Re: Chase added benefits! Redeem points @1.5
« Reply #1 on: May 28, 2020, 10:24:31 AM »
Pretty weak sauce compared to amex.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Cls2020

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Re: Chase added benefits! Redeem points @1.5
« Reply #2 on: May 28, 2020, 10:30:03 AM »
Pretty weak sauce compared to amex.
Yeah, this only benefits people who have a bunch of points they were planning on redeeming at 1.5 cents through their portal. Doesn't provide any extra benefits like Amex.

Offline Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #3 on: May 28, 2020, 10:40:11 AM »
Yeah, this only benefits people who have a bunch of points they were planning on redeeming at 1.5 cents through their portal. Doesn't provide any extra benefits like Amex.
+1 who needs extra benefits when the net AF is still $150 on CSR when you take in account the recent added benefits door dash and lyft pink CSR still a good card

Offline davidrotts63

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Re: Chase added benefits! Redeem points @1.5
« Reply #4 on: May 28, 2020, 10:42:39 AM »
Pretty weak sauce compared to amex.
Pessimist. Tbh far better for churners IMO.
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Offline Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #5 on: May 28, 2020, 10:44:09 AM »
I will rather cash out @1.5% and use FNC certificates.

Offline farmbochur

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Re: Chase added benefits! Redeem points @1.5
« Reply #6 on: May 28, 2020, 10:47:32 AM »
What grocery purchases qualify for statement credits at 1.5 CPP? Only those made on CSR? Only those made 5/31-9/30.
Risk is opportunity

Offline farmbochur

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Re: Chase added benefits! Redeem points @1.5
« Reply #7 on: May 28, 2020, 11:06:57 AM »
Pessimist. Tbh far better for churners IMO.
+1
Risk is opportunity

Offline Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #8 on: May 28, 2020, 11:07:55 AM »
What grocery purchases qualify for statement credits at 1.5 CPP? Only those made on CSR? Only those made 5/31-9/30.
Quote
With the Pay Yourself BackSM 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 you’ll get a statement credit. Take advantage of this promotion through September 30, 2020
https://www.chase.com/personal/credit-cards/sapphire-reserve-benefits

Offline Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #9 on: May 28, 2020, 11:18:54 AM »
added wiki.

Offline AJK

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Re: Chase added benefits! Redeem points @1.5
« Reply #10 on: May 28, 2020, 11:20:08 AM »
Pessimist. Tbh far better for churners IMO.

Churners?
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline sruly

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Re: Chase added benefits! Redeem points @1.5
« Reply #11 on: May 28, 2020, 11:24:32 AM »
anyone else planning on adding $10k to there Grocery account and closing this card?

Offline Joel2

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Re: Chase added benefits! Redeem points @1.5
« Reply #12 on: May 28, 2020, 11:26:56 AM »
anyone else planning on adding $10k to there Grocery account and closing this card?
Unless you still have value from chase transfer partners.

Offline nafnaf12

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Re: Chase added benefits! Redeem points @1.5
« Reply #13 on: May 28, 2020, 11:38:43 AM »
anyone else planning on adding $10k to there Grocery account and closing this card?
why close the card?
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Re: Chase added benefits! Redeem points @1.5
« Reply #14 on: May 28, 2020, 11:44:34 AM »
why close the card?
Cant justify the AF (although at $450 might make more sense than $550).