Chase Extends Pay Yourself Back for Sapphire Cards
Chase has updated the terms on the Sapphire Reserve and Sapphire Preferred credit cards to indicate that the Pay Yourself Back program will be extended once again. However, one of the most popular categories will no longer be eligible to redeem points for an extra 50% or 25% more value. Going forward you Airbnb and AwayTravel will be the new categories, while groceries are no longer an option. PYB was also extended for Ink cards.
Chase Sapphire Reserve
Use Ultimate Rewards through the Pay Yourself back program to get 50% more value when you redeem for:
- Airbnb through 3/31/2022
- awaytravel.com through 3/31/2022
- restaurants (including takeout and eligible delivery services) through 3/31/2022
- Select charitable organizations redeemed through 12/31/2022
- Prior payment of your annual fee redeemed through 12/31/2021
See details here.
Chase Sapphire Preferred
Use Ultimate Rewards through the Pay Yourself back program to get 25% more value when you redeem for:
- Airbnb through 3/31/2022
- awaytravel.com through 3/31/2022
- Select charitable organizations redeemed through 12/31/2022
See details here.
Guru’s Wrap-up
While it’s nice to see the program extended, it is now way less valuable especially for Sapphire Preferred cardholders. Groceries was one of the most useful options for this program and that is going away after today.
Chase Sapphire Reserve cardholders at least still get dining and annual fee, where they can use points with 50% more value.
HT: DoC
