05/30/2020
Credit card companies understand it’s difficult to travel right now. But, they still want you to get benefits out of your travel cards. So starting May 31st, Chase is allowing you to “Pay Yourself Back!”
Through September 30, 2020 you’ll be able to use Chase Ultimate Rewards points to offset purchases made at grocery stores, home-improvement stores, and restaurants—if you hold either the Chase Sapphire Reserve card or the Chase Sapphire Preferred card.
You can redeem at 1.5 cents apiece with the Reserve card and 1.25 cents apiece with the Preferred card. So for example, you can redeem 100,000 chase points for $1,500 worth of home improvements if you use your Reserve card ($1,250 if you use your Preferred card). Not bad! Before this, the best cash back redemption with Chase was 1 cent per point 😁.