Chase Sapphire Reserve Redemption Value

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.

Chase sapphire reserve redemption value. Chase sapphire reserve cardholders will get an even greater boost of 50 for a value of 1 5 cents each. Your chase sapphire reserve account will receive one complimentary lyft pink membership for 12 consecutive months a minimum value of 199 when the membership is activated with a chase sapphire reserve card by 03 31 2022. Personally i d be far less inclined to redeem points via pay yourself back at 1 25 cents apiece compared with the 1 5 cent option you have with chase sapphire reserve but it s certainly a better alternative to redeeming ultimate rewards points for a statement credit at the standard 1 cent rate. If you redeem your chase sapphire reserve points towards travel you are actually getting the equivalent of 4 5 cash back.

However to really get maximum value look to transfer your points to the program s litany of travel. I then apply those points to a travel award and get 4 5 dollars of credit 300 1 5 redemption rate. The following redemption options are only available with the chase sapphire preferred card and chase sapphire reserve. This is a chance to get some solid value out of your points when transferring isn t an option.

Sapphire reserve is broadening your world of benefits. So a 400 travel cost through the portal would only cost 32 000 points for sapphire preferred and ink preferred cardholders and 26 667 points for. Book rewards travel at an enhanced value via the chase ultimate rewards travel portal. The recently introduced pay yourself back redemption tool rolls out to several additional chase cards while the initial sapphire categories are extended.

Normally your chase ultimate rewards are worth one cent per point for cash back or have a 1 1 redemption value but this promotion increases the value to 1 25 cents for chase sapphire preferred and 1 5 cents for chase sapphire reserve for the categories above. 12 months of complimentary lyft pink membership. Grocery stores and dining at restaurants including takeout and eligible delivery services home improvement stores such as home depot and lowe s and select. I spend 100 on travel dining and get 3x points 300 points.