Chase’s Pay Yourself Back updates give cardholders new redemption options.
When Chase launched its Pay Yourself Back feature in May, it was a way for Sapphire cardholders to get full value for their points without using them for travel. You could redeem points as a statement credit toward purchases at grocery stores, restaurants, and home improvement stores, and receive the same value per point as you would on travel bookings through the Ultimate Rewards site.
Based on its success, Chase has extended and expanded it. Here’s a full breakdown of all the new ways you can use your Ultimate Rewards points depending on which credit card you have.
Chase Sapphire cards
- Eligible credit cards: Chase Sapphire Preferred® Card; Chase Sapphire Reserve®
- Timeframe: Now through April 30, 2021
- Redemption options: Grocery stores, dining (including delivery and takeout), home improvement stores, contributions to a dozen eligible charities
- Value per point: $0.0125 per