First launched in may the pay yourself back tool currently allows chase sapphire reserve and chase sapphire preferred card holders to redeem their ultimate rewards points for purchases made at.
Chase sapphire reserve redemption options.
Access chase ultimate rewards to view rewards activity redeem points book travel and earn extra points.
You may find gift card options ranging from restaurants to department stores to entertainment services.
The great news in my opinion is for sapphire reserve and sapphire preferred cardholders who can continue to use points at full travel value to offset grocery dining and home improvement purchases.
Your chase sapphire reserve account must be used to pay for qualifying lyft products and services.
30 customers with the sapphire reserve card will get 1 5 cents per point on these new redemptions while sapphire preferred cards will get 1 25 cents per point.
The following redemption options are only available with the chase sapphire preferred card and chase sapphire reserve.
Some options for redeeming credit card reward points include.
If you take home 60 000 ultimate rewards points through the sapphire preferred sign up bonus and keep in mind you could get even more with the chase sapphire reserve depending on how much you spend on travel and dining you ll have enough to transfer to hyatt and redeem for a week long stay in a category 2 hotel at just 8 000 points per night.
Your reward points can be redeemed as statement credit.
Your points don t expire as long as your account remains open.
Book rewards travel at an enhanced value via the chase ultimate rewards travel portal.
Reward programs typically include gift cards as a flexible redemption option.
Log in and learn more.
It is an enhanced version of the sapphire preferred card as it earns 3x points per dollar on travel and dining purchases 10x points per dollar on lyft purchases and 1x points per dollar on all other purchases.
Redemption values for reward options vary.
Chase ultimate rewards your chase sapphire reserve card comes with chase ultimate rewards our premier rewards program that lets you redeem rewards for travel experiences gift cards cash back and more.
Chase is not responsible for the provision of or the failure to provide lyft benefits and services.
It is notable that freedom cardholders get the ability to redeem points for 1 25 cents each but unfortunately only for charitable contributions.