The credit card has new rewards aimed at helping people during the pandemic.
is hoping to ease a little bit of its customer’s financial burdens right now with a new rewards feature that is certainly worth getting excited about.announced that eligible Chase Sapphire customers can now take part in the new Pay Yourself Back feature so they can choose just how their rewards are used and potentially get a statement credit worth 50 percent more than usual in the process.
Here’s how it works. Starting on May 31, both Chase Sapphire Preferred and Reserve cardmembers will gain access to the new feature within Ultimate Rewards. Once the cardmember makes a purchase in an eligible category, he or she can then go into the rewards program via the online platform or by mobile device, select the purchase from recent transactions, and choose to redeem points for all or a portion of the purchase.
As Chase broke down in its statement, this means a Sapphire Reserve cardmember can use 10,000 points to pay themselves back on a $150 purchase. Prior to this feature update, cardmembers would have had to redeem 15,000 points on the same cashback transaction.
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