Template: Pay Yourself Back
From Travel Strategies
Pay Yourself Back
Due to the Covid pandemic, Chase is allowing cardholders to use their points to offset grocery store, restaurant, and home improvement store charges made on their Sapphire cards. With the Sapphire Reserve, points are worth 1.5 cents each. With the Sapphire Preferred, points are worth 1.25 cents. For example, if you charge $600 at grocery stores, you can use 40,000 points to "erase" those charges.
This is a better deal than booking travel through Chase's travel portal. We encourage most people to hold onto their points to use for Hyatt hotel stays and possibly frequent flyer tickets, but this new option is a great way to "cash out" your points at solid value.
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