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Chase Sapphire Reserve PYB Bonus Drops to 25% for Some Categories

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Chase Sapphire Reserve PYB Bonus Drops to 25% for Some Categories

Chase Sapphire Reserve has been offering Pay Yourself Back categories for a while now. This option lets you redeem Ultimate Rewards points for select purchases, with an extra 50% value. That means that you can redeem each point for 1.5 cents to cover eligible purchases made within the last 90 days.

To access the Pay Yourself Back feature, cardmembers can simply log into Ultimate Rewards on their desktop at or through the Chase mobile app. Also check out Shawn’s guide here for more information.

But now there’s some bad news for Chase Sapphire Reserve cardholders and there’s no announcement yet from Chase about it. Some categories are showing a 25% bonus instead of 50%. That’s a big drop in value, and it seems that it’s already in effect.

Chase Sapphire Reserve Pay Yourself Back Categories

If you chase the current categories on your Chase Sapphire Reserve right now, some are extended already. But redeeming points for your Annual Membership Fee shows a 25% bonus only:

  • 50% bonus for Airbnb – 12/31/22
  • 50% bonus for Dining – 12/31/22
  • 50% bonus for Select Charities – 12/31/23
  • 25% bonus for Annual Membership Fee – 3/31/23

Additionally, when you look at eligible purchases for a redemption bonus, groceries are also eligible. But these charges only show a 25% bonus as well, instead of 50%. Here’s a recent grocery purchase:


Chase is currently rolling out the new Pay Yourself Back categories for the first quarter of 2023. But there’s a noticeable change, some categories only have a 25% bonus instead of 50%.

You can already redeem points for grocery purchases for example, but for only a 25% bonus. The same thing goes for the annual fee. So now you need to use 44,000 Ultimate Rewards points to cover the fee, instead of 36,667.

There’s no announcement yet about these 25% bonus categories, but this change is bad news for cardholders. The card loses value, as one of the reasons to keep it long terms was that you could always redeem points at 1.5 cents each for some categories that were actually useful.

We have reached out to Chase to ask about these changes and will update the article with any relevant information.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

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