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The Chase Sapphire credit cards are awesome options for travel rewards. But if you have turned into an infrequent traveler this past year, the Chase Pay Yourself Back feature has been an easy way to get the Ultimate Rewards redemption bonus on daily purchases. This perk is now extended. Here are the Chase Sapphire benefit extensions to watch out for.

Chase Pay Yourself Back Extended

Chase Ultimate Rewards points are already some of the most valuable credit card points. Typically, they are most valuable when redeemed for award travel:

Early in the pandemic, Chase introduced the Pay Yourself Back feature to give additional redemption options that qualify for the 25% or 50% redemption bonus as a purchase statement credit. Points are worth more when redeemed for statement credits against existing purchases in select, rotating categories with the Chase Pay Yourself Back feature.

Standard cash redemptions and statement credits don’t qualify for the redemption bonus. Each point is only worth 1 cent each.

Sapphire Preferred Signup Bonus

The Chase Sapphire Preferred® Card currently has an offer of 60,000 Ultimate Rewards points after spending $4,000 in 3 months from account opening. That’s $750 when you redeem through Chase Ultimate Rewards®.

Also, enjoy new Chase Sapphire benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x points on travel purchased through Chase Ultimate Rewards®, 3x points on dining, and 2x points on all other travel purchases, plus more.

Sapphire Reserve Bonus

New Chase Sapphire Reserve® cardmembers can earn 50,000 bonus points after spending $4,000 on purchases in the first 3 months from account opening, worth $750 towards travel when redeemed through Chase Ultimate Rewards®. 

Related: Chase Sapphire Reserve Review

Summary

These exciting Chase Sapphire benefit extensions continue to add more value to either Chase Sapphire card. Make sure you redeem your Ultimate Rewards as a purchase statement credit instead of a standard cash reward to capture the redemption bonus.

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Chase Sapphire Preferred® Card

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  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.
  • Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining and 2x on all other travel purchases, plus more.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel.
  • With Pay Yourself Back℠, your points are worth 25% more during the current offer when you redeem them for statement credits against existing purchases in select, rotating categories.
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