New Chase 1.5¢ per Point Redemption Option: Select Charities Added to ‘Pay Yourself Back’
Chase has just added select charity organizations to the 1.5/1.25 cents per point Pay Yourself Back feature
Chase Sapphire Reserve and Chase Sapphire Preferred cardmembers now have the option of donating to select charity organizations using the Pay Yourself Back feature at 1.5 and 1.25 cents per point respectively.
“Now more than ever we know our cardmembers want options to get the most value from their rewards,” said Matt Massaua, Head of Ultimate Rewards and Loyalty Solutions. “We’re continuing to give our customers choices so they have the flexibility to use their points in the most meaningful ways for them.”
The new Pay Yourself Back feature within Ultimate Rewards will provide Sapphire Preferred and Sapphire Reserve cardholders to get full value from their points by applying points to pay for all or a portion of their existing purchases in select categories, and get paid back with a statement credit.
Eligible Charitable Organizations Include:
- Feeding America
- American Red Cross
- World Central Kitchen
- Habitat for Humanity
- Equal Justice Initiative
- Leadership Conference Education Fund
- United Negro College Fund
- NAACP Legal Defense and Educational Fund
- National Urban LeagueThurgood Marshall College Fund
- International Medical Corps
- United Way
Local chapters may not be eligible for Pay Yourself Back. It’s best to donate directly to the charity’s parent organization to ensure your charitable contribution is eligible.
Charitable contributions are tax deductible. Learn more about Tax Deduction and Credits in 2020.
Other Categories that Qualify for the Pay Yourself Back Feature
- Grocery Stores
- Dining (restaurants, takeout, and eligible delivery services)
- Home improvement stores