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This New Chase Ultimate Rewards Feature is Great for Chase Sapphire Cardholders

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The Chase “Pay Yourself Back” feature has been live since May 3t. In the past, I have always cashed in my Ultimate Rewards Points through my Chase Sapphire Reserve card and used them for travel to maximize my redemption value. This new feature has changed the equation for those Ultimate Rewards points and I recently took advantage.

What is “Pay Yourself Back?”

The Pay Yourself Back feature within Ultimate Rewards provides cardholders the option to apply points to pay for all or a portion of existing purchases in select categories. When doing this, cardholders will get paid back with a statement credit. It launched for Sapphire Reserve and…

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