Chase Sapphire Reserve Ultimate Rewards Redemption

Payments and cards new pay yourself back feature.

Chase sapphire reserve ultimate rewards redemption.

With chase ultimate rewards you can redeem the points you ve earned for travel experiences merchandise gift cards and even cash back. 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. That s great news as chase sapphire reserve cardholders currently earn 5 ultimate rewards points per dollar on up to 1 500 per month in grocery purchases through june 30 2020. Chase s flagship rewards card offers 3x points on all travel and dining and has an annual fee of 550.

Chase gives cardmembers new options to redeem ultimate rewards points wilmington de may 28 2020 eligible cardmembers will be able to apply points on the ultimate rewards site to pay for purchases in select categories starting with grocery stores dining and home improvement stores. Chase ultimate rewards points are worth an easy 1 25 cents for chase sapphire preferred and chase ink business preferred cardholders and 1 5 cents for chase sapphire reserve cardholders. Chase sapphire preferred card offers a 25 bonus value and chase sapphire reserve offers a 50 bonus value on points redeemed. Benefits include airport lounge access a 200 annual travel statement credit a 120 doordash credit and a 100 credit towards a global entry or tsa precheck application.

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 access chase ultimate rewards to view rewards activity redeem points book travel and earn extra points log in and learn more. For example chase travel partner british airways executive club has a value of about 2 51 cents per mile which is greater than the 1 5 cents per point redemption value available with the chase sapphire reserve card through chase ultimate rewards. At launch sapphire points will be worth 25 or 50. The following redemption options are only available with the chase sapphire preferred card and chase sapphire reserve.

These values are due to the bonus 25 and 50 point boosts these cards receive when redeeming ultimate rewards points on the chase travel portal.