How I Plan To Eat For Free The Next Few Months
Who doesn’t love free food? This article won’t be about how I scrounge together free fries from this restaurant + a free sandwich from that restaurant (though that is always fun too). This is much more straight-forward approach on how I plan to eat for free the next few months.
How I Am Planning To Eat For Free
I also use my Amex Platinum for an extra $45 a month of “free food”; $15 per month ($35 in December) credit for Uber/Uber Eats + $30 per month on PayPal, which I use to pay for the remainder of my Uber Eats order.
Why I Am Choosing Money Over Points Right Now
I could use my Amex Platinum for 10x on U.S. Supermarkets, which would be the smarter move points-wise. However, I have several reasons why using my Chase Sapphire Reserve card is my preferred option for me right now:
- I am very COVID-cautious, and haven’t traveled during the pandemic, and don’t plan on traveling anytime soon, so my points are just currently sitting there unused (I have a stockpile of points in Amex and Chase).
- Like I mentioned, I have points to spare, and plenty of time to build my points bank back up for when I am ready to travel again (and eagerly looking forward to that day!)
- My husband and I are taking this time of not traveling to really focus on paying down student loans. The money we are saving from food is going toward those student loans. The savings on interest outweigh the savings on future potential travel.
How To Use Chase Pay Yourself Back
You will need a Chase card that is eligible for Pay Yourself Back, such as the Chase Sapphire Reserve card or Sapphire Preferred. Points are worth 50% more for the Reserve and 25% more for the Preferred.
To redeem Chase points through Pay Yourself Back, login into your Chase Sapphire Reserve or Preferred account and click your points balance to go to the Ultimate Rewards site or simply login via UltimateRewards.com. Once logged in locate “Pay Yourself Back” on the menu as shown.
Clicking “Pay Yourself Back” on the Chase Sapphire Reserve menu will bring you to a page that shows all of your eligible grocery, restaurant, and home improvement purchases from the past 90 days. Anything in those categories purchased within the past 90 days should qualify.
To choose this transaction for cashback, simply select the check box to the left as shown above. The site informed me that I could cash in 3,110 points to receive a $46.65 credit for this purchase. This would normally be 4,665 points; a 50% greater value.
Once the transaction is selected you can choose to apply points towards the full value of the purchase or a partial value. In this case I chose “Apply Max Value” and cashed in 3,110 points for a $46.65 statement credit just as expected!
How I Plan To Eat For Free – Final Thoughts
Using points to pay for food may not be everyone’s priority, but it works for me right now. Taking advantage of all of the promos and limited time credits helps out a lot too. My strategy will likely change again in the future, but I love being able to take advantage of this to save money on a necessary expense: food. I will in turn use that money saved to pay down student loans, which has additional interest savings as well, making my redemptions worth that much more.