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Chase Ultimate Rewards - Select Gift Cards are 10% off - Home Depot, GAP, Sephora, CVS and more

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A few gift cards for Chase Ultimate Rewards are on sale at 10% off. If you're not traveling (like the rest of us) and need to spend at any of these establishments, 10% could help.
  • Home Depot
  • Happy Moments (The Cheesecake Factory, Red Lobster, Buffalo Wild Wings, Macy's, Ulta Beauty, Bed Bath & Beyond, Regal Cinemas)
  • GAP, Banana Republic, Old Navy, Athleta
  • Sephora
  • Bath and Body Works
  • Outback Steakhouse
  • CVS
  • Domino's
  • Topgols
  • Hello Fresh
  • SpaFinder
  • Jiffy Lube
  • Build-a-Bear Workshop
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#2
IMO this is a very bad way to use points. You get a lot of value using it for travel. Especially through airline/hotel transfer partners. With lack of travel due to Covid and your circumstance could be different. To each their own.
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#3
Quote from In4One1 :
IMO this is a very bad way to use points. You get a lot of value using it for travel. Especially through airline/hotel transfer partners. With lack of travel due to Covid and your circumstance could be different. To each their own.
In my experience I have gotten some good deals using reward points for Hyatt (though Hyatt blacks out lots of dates usually for points in my experience), maybe a flight that happened to be somewhere I was going that took points. But its somewhat more complicated, whereas this is pretty easy. If you know of easier ways to get value out, please share!
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#4
As I said in the first post, if you're not traveling (e.g., airline and hotel use is out of the picture), this is pretty straightforward.
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#5
If you want to burn UR points to gift cards, the better way is buying them in grocery stores paying yourself back with UR. You'll get 1.5X redemption rate for points (effectively 33% discount) + up to 3X UR points for grocery store purchases ($1,000 per month till end of April).
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#6
Quote from dwkor :
If you want to burn UR points to gift cards, the better way is buying them in grocery stores paying yourself back with UR. You'll get 1.5X redemption rate for points (effectively 33% discount) + up to 3X UR points for grocery store purchases ($1,000 per month till end of April).
You beat me to it. For people who have CSR(Chase Sapphire Reserve) it is much better to get free groceries. IMO its better and more flexible than any travel redemption. The PYB offer as of now is only available for a limited time so best to use it while it lasts.
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#7
Quote from View92612 :
You beat me to it. For people who have CSR(Chase Sapphire Reserve) it is much better to get free groceries. IMO its better and more flexible than any travel redemption. The PYB offer as of now is only available for a limited time so best to use it while it lasts.
I guess, the way how people treat UR points differentiate optimists and pessimists. Smilie I believe that we are going to resume traveling sooner than later and would bank points for now.

In either case, if travel is not going back to normal soon, Chase and others would have to continue offering something to offset travel benefits. Just to avoid massive cancellations.
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#8
Quote from dwkor :
If you want to burn UR points to gift cards, the better way is buying them in grocery stores paying yourself back with UR. You'll get 1.5X redemption rate for points (effectively 33% discount) + up to 3X UR points for grocery store purchases ($1,000 per month till end of April).
Currently, the category for Pay Yourself Back is: select charitable organizations.

How are you getting grocery stores?

edit: I have Freedom cards
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Last edited by 8ajula February 4, 2021 at 06:47 AM.

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#9
Quote from 8ajula :
Currently, the category for Pay Yourself Back is: select charitable organizations.

How are you getting grocery stores?

edit: I have Freedom cards
CSR. PYB works for grocery. 1.5x value on points.
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#10
What others have said is correct, getting 1.1 cents for your UR points are poor value considering there are many other ways to get better values between pay yourself back on groceries/restaurants or travel. I redeemed about $2000 from groceries and restaurant over the past few months due to not being able to travel. If you don't have a Chase Sapphire Reserve (1.5c) or Chase Sapphire Preferred (1.25c), getting one would get you more than the annual fee back for now if you have a bunch of UR points then cancel after.

Another thing you can do is build up a stack of UR points, then apply for one of those cards when you have enough to make sense then take advantage of the increase value of UR.
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#11
Quote from dwkor :
I guess, the way how people treat UR points differentiate optimists and pessimists. https://static.slickdealscdn.com/ima...lies/smile.gif I believe that we are going to resume traveling sooner than later and would bank points for now.

In either case, if travel is not going back to normal soon, Chase and others would have to continue offering something to offset travel benefits. Just to avoid massive cancellations.
Well, PYB is more flexible because you can use it at any grocery purchases even for local non-chain stores and that includes any Instacart orders and Whole Foods Market pickup/deliveries via Amazon(also coded as groceries). To redeem for 1.5+ on travel you have to use Hyatt point transfer or book travel with Ultimate Rewards, which limits your options and may or may not give the best prices. Ya, there are options to transfer to miles for even higher value of those are even less flexible due to date restrictions. So basically trading flexibility for more value.
Quote from 8ajula :
Currently, the category for Pay Yourself Back is: select charitable organizations.

How are you getting grocery stores?

edit: I have Freedom cards
He's talking about CSR...
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#12
Quote from 8ajula :
Currently, the category for Pay Yourself Back is: select charitable organizations.

How are you getting grocery stores?

edit: I have Freedom cards
Good point, I forgot that pay-yourself-back is not offered in lower-tier cards.

One thing to keep in mind that if you have multiple UR cards, you can move points in between them. It may make sense to get some cards with $95 annual fee (CSP, Ink Preferred) to get 1.25UR pay-yourself-back offer.
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#13
Quote from iceberg11 :
... If you don't have a Chase Sapphire Reserve (1.5c) or Chase Sapphire Preferred (1.25c), getting one would get you more than the annual fee back for now if you have a bunch of UR points then cancel after.

Another thing you can do is build up a stack of UR points, then apply for one of those cards when you have enough to make sense then take advantage of the increase value of UR.
Are you not worried about any negative effects of canceling cards?

I have a few cards that I do not use, but I don't cancel them because some say it negatively impacts score.
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#14
Quote from dwkor :
Good point, I forgot that pay-yourself-back is not offered in lower-tier cards.

One thing to keep in mind that if you have multiple UR cards, you can move points in between them. It may make sense to get some cards with $95 annual fee (CSP, Ink Preferred) to get 1.25UR pay-yourself-back offer.
I tend to stay away from annual fee cards because I don't spend that much to make up for the fee. I know the first year is usually waived, but I don't want to cancel after a year as I fear it might negatively impact my score, especially if I cancel a card every year.

How much would I have to spend to get enough +.25 points to make up the $95 fee?
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#15
The grocery story bonus was clutch this year to get rid of points at a great value; plus, with how much better AMEX has been over the past year, im planning on dumping my CSR at its renewal anyways
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