topic Re: What is the best value for Chase Ultimate Reward points? in Credit Cards

What is the best value for Chase Ultimate Reward points?

IcyCool7227 — Sun, 02 Jun 2024 02:41:33 GMT

I was wondering what is the best value for my Chase Ultimate Reward points. I have 1,255 points and there are gift cards that get up to 15% off and then there's Pay Yourself Back which is worth up to $15.69. If I don't want to redeem right now would the gift cards at 15% off for a lot more points be the best value then or still Pay Yourself Back? I am not sure how much of an exact percentage Pay Yourself Back is?

Re: What is the best value for Chase Ultimate Reward points?

Anonymous — Sun, 02 Jun 2024 04:28:51 GMT

@IcyCool7227 wrote:
I was wondering what is the best value for my Chase Ultimate Reward points. I have 1,255 points and there are gift cards that get up to 15% off and then there's Pay Yourself Back which is worth up to $15.69. If I don't want to redeem right now would the gift cards at 15% off for a lot more points be the best value then or still Pay Yourself Back? I am not sure how much of an exact percentage Pay Yourself Back is?

What are you planning to use Pay Yourself Back to do? It looks like the only option available on the Freedom cards is to redeem to select charities. If you want to do that, you get a 25% boost.

Otherwise, you can redeem for 1c per UR, or, if the gift cards meet your needs, getting them at 15% off isn't bad.

Re: What is the best value for Chase Ultimate Reward points?

ptatohed — Sun, 02 Jun 2024 07:51:27 GMT

Discounted CGs or CB.

Re: What is the best value for Chase Ultimate Reward points?

IcyCool7227 — Sun, 02 Jun 2024 09:19:01 GMT

No Pay Yourself Back is also for past transactions to redeem a certain amount back on. I later figured it was at 25% but wasn't sure. It's almost like a statement credit but with the points you earned.

Re: What is the best value for Chase Ultimate Reward points?

Anonymous — Sun, 02 Jun 2024 12:01:11 GMT

@IcyCool7227 wrote:
No Pay Yourself Back is also for past transactions to redeem a certain amount back on. I later figured it was at 25% but wasn't sure. It's almost like a statement credit but with the points you earned.

I think you are misunderstanding (and I used PYB on my CSR in the past). You can only get credit for transactions within the category, which is currently (and has been for ages) just select charities. So if you used your card to donate $125 to one of the select charities, you can redeem 100 UR and get full credit for the transaction, thus making those URs worth 1.25c each. If you don't have any such charity payments, you cannot use PYB for anything else.

Re: What is the best value for Chase Ultimate Reward points?

redpat — Sun, 02 Jun 2024 13:11:37 GMT

@Anonymous wrote:
@IcyCool7227 wrote:
No Pay Yourself Back is also for past transactions to redeem a certain amount back on. I later figured it was at 25% but wasn't sure. It's almost like a statement credit but with the points you earned.
I think you are misunderstanding (and I used PYB on my CSR in the past). You can only get credit for transactions within the category, which is currently (and has been for ages) just select charities. So if you used your card to donate $125 to one of the select charities, you can redeem 100 UR and get full credit for the transaction, thus making those URs worth 1.25c each. If you don't have any such charity payments, you cannot use PYB for anything else.

Having CSR PYB is currently for warehouse purchases and gas right now 1.25x and a waste IMO because it's 1.50x min for travel.