Sapphire Reserve ‘Pay Yourself Back’ Categories Extended
Chase’s Pay Yourself Back program has been quite popular for a couple of years now, especially for Sapphire Reserve cardholders.
But while this program has been giving the best value to Chase Sapphire Reserve cardholders, it was devalued a few years ago. However, Chase has added some new categories over the years such as Gas, Groceries and Annual Fee over the years.
Two of those categories, Groceries and Annual Fee, have now been extended through the end of the quarter. Let’s see how this feature works, and the details for the current eligible categories.
How it Works
Ultimate Rewards points may be redeemed for a statement credit using Pay Yourself Back for purchases made at select merchants or against the prior payment of your annual fee within the 90 days before the redemption request date.
For information about Chase rewards categories and a list of eligible merchants, please see our FAQs at chase.com/RewardsCategoryFAQs.
Each point you redeem for a statement credit towards eligible purchases is worth $.0125 (one and a quarter cents), which means that 100 points equals $1.25 in redemption value. For select charities, points are worth $.015 (100 points equal $1.50).
Statement credits will post to the card account within 3 business days of a request to redeem and will appear on the monthly Chase credit card billing statement within 1-2 billing cycles.
Keep in mind that while statement credits will reduce your balance but you are still required to make at least your minimum monthly payment.
Pay Yourself Back Categories
Chase Sapphire Reserve cardholders can currently redeem Ultimate Rewards points for:
- Grocery stores – 1.25 cents per points (through 06/30/26)
- Pet stores – 1.25 cents per points (through 06/30/26)
- Annual membership fees – 1.25 cents per points (through 12/31/26)
- Select charities – 1.50 cents per points (through 12/31/26)
- American Red Cross.
- Equal Justice Initiative.
- Feeding America.
- GLSEN.
- Habitat for Humanity.
- International Medical Corps.
- International Rescue Committee.
- Leadership Conference Education Fund.
- NAACP Legal Defense and Education Fund.
- National Urban League.
- Out & Equal Workplace Advocates.
- SAGE.
- Thurgood Marshall College Fund.
- United Negro College Fund.
- UNICEF USA.
- United Way.
- World Central Kitchen.
Conclusion
Grocery should be useful as a category for Pay Yourself Back through the end of the quarter. You also have pet stores and annual fee at 1.25cpp while select charities get you 1.5cpp.
Let us know if you still value the Pay Yourself Back feature on the Chase Sapphire Reserve card!
