Tag Archives: Chase Bank

3 New Chase Offers: Alaska Airlines (10%), IHG Hotels (10%) & Gaylord Hotels (15%)

Good morning everyone, I hope your weekend is off to a great start.  I was checking my Chase account this morning and spotted 3 new Chase Offers.  I looked at my Chase account yesterday (July 31), but they were not there, so I’m guessing these offers started for everyone today (August 1).  Lucky for me, these 3 travel offers all showed up on my Chase Sapphire Reserve Credit Card, but this is also my most used Chase credit card.  Your mileage may vary, but I had 3 great travel offers:

  • Alaska Airlines: 10% cash back (minimum purchase of $50, maximum cash back of $31)
  • IHG Hotels: 10% cash back (minimum purchase of $100, maximum cash back of $31)
  • Gaylord Hotels: 15% cash back (minimum purchase of $100, maximum cash back of $63)

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The Story of My Wife’s New Chase Credit Card

Good morning everyone, I hope your weekend is off to a great start.  My wife and I have a few large expenses coming up in the next few months, so we decided to get a new credit card.  Since Laura is under 5/24, we decided that she should apply for a new Chase credit card.  She currently has a Chase World of Hyatt Credit Card, a Chase Southwest Airlines Priority Credit Card, and a Chase Freedom Credit Card (converted from a Chase Sapphire Preferred Credit Card last year).

Laura doesn’t have a business, so we didn’t look at any business credit cards.  It’s too soon to apply for a Chase Sapphire Reserve, she didn’t want any more Southwest Airlines credit cards, she didn’t want an international airline credit card (Aer Lingus, British Airways, or Iberia), and she wanted a decent sign up bonus.  After whittling down the list of possible Chase credit cards, we were left with 4 options.

After calculating the value of the sign up bonus and subtracting the first year annual fee, the Chase IHG Premier Credit Card had the highest net value.  Coincidentally, I wanted Laura to get this credit card because I also have a Chase IHG Premier Credit Card.  My annual fee will post next month, so I wanted to have 2 credit cards that would renew around the same time so that the free night certificates would be valid for the same date range.

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Overpaid Chase Credit Card? Receive Credit Balance Refund via ACH Bank Transfer Instead of Check

Good morning everyone.  A few days ago, my Chase Sapphire Reserve Credit Card statement closed and I ended up with a credit balance of $349.34 because I redeemed 1/3 of my Chase Ultimate Rewards Points for several Pay Yourself Back transactions.  I called Chase to see if I could move the credit balance from my Chase Sapphire Reserve to another Chase credit card (to act as a payment), but the rep said that the Pay Yourself Back transactions were not eligible to be moved to another Chase credit card.  She then asked if I would like to receive a check in the mail for the credit balance.  Before I said yes, I asked if it were possible to get a bank transfer instead.  She said yes – Chase recently started offering bank transfers for credit balances.  She told me I would receive an email from Chase in the next day with instructions on how to set up my Chase Payments account and receive a bank transfer.  I thanked her for her help and waited for the email to arrive.

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Reminder: Chase’s Pay Yourself Back Feature Does Not Allow Multiple Partial Redemptions

Good morning everyone, I hope your week is going well.  A few days ago, I wrote Why I Redeemed 1/3 of my Chase Ultimate Rewards Points with the Pay Yourself Back Feature.  That post received many great comments, but the comment from Al was especially relevant to me:

“I didn’t realize that the maximum redemption for an eligible charge (grocery) had to be made at one time. I redeemed $300 out of a $500 charge figuring I could redeem the remaining $200 at a later date. Well, I was wrong. But now I know for the rest of my eligible charges.”

According to the Pay Yourself Back terms, “Once you redeem any amount of points towards an eligible purchase for a statement credit, it will no longer be an eligible purchase.” I inadvertently tested this out on June 28 when I did a partial redemption (I did not do the max dollar amount) for a Trader Joe’s purchase.  As you can see, I only have 3 eligible Pay Yourself Back transactions available.

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Why I Redeemed 1/3 of my Chase Ultimate Rewards Points with the Pay Yourself Back Feature

Good morning everyone, I hope your weekend is going well.  I recently had a change of heart and decided to redeem 1/3 of my Chase Ultimate Rewards Points with the Pay Yourself Back feature.  Chase introduced the Pay Yourself Back feature on May 31 and I wrote How to Redeem Chase Ultimate Rewards Points via Pay Yourself Back (1.5 Cents Per Point for Restaurants, Grocery Stores & Home Improvement).  Initially, I was not very excited about the new feature, since I convinced myself that I could use my Chase Ultimate Rewards Points in other ways and get more than 1.5 cents per point.

After realizing that I had no concrete travel plans remaining in 2020 (I recently cancelled trips to Boston & New York along with a big trip to Africa), I figured that my stash of Chase Ultimate Rewards Points would probably not be used much this year.  Before redeeming 1/3 of my Chase Ultimate Rewards Points, I looked at Chase’s travel partners to see if there were any major reasons to keep my Chase Ultimate Rewards Points.  Chase has 13 airline and hotel partners, but only has 4 exclusive partners (Southwest Airlines, United Airlines, IHG, and Hyatt), the remaining 9 travel partners are accessible with American Express Membership Rewards Points, Citi ThankYou Points, and Capital One Miles.

My wife and I have ~58,000 Southwest Airlines points and ~$150 in travel credit, so I would not need to transfer Chase Ultimate Rewards Points to Southwest Airlines.  I am not a huge fan of United Airlines and can usually book Star Alliance flights with other travel programs, plus I have ~$178 travel credit from a cancelled United flight.  IHG points are worth ~0.5 cents per point and I have ~222,000 IHG points in my account.  Last but not least, Hyatt is the only travel partner that stands out from the list.  I decided to save at least 60,000 Chase Ultimate Rewards Points just in case we stay at a Hyatt later this year).

I figured that normal spending on our Chase Ink Cash Credit Card, Chase Sapphire Reserve Credit Card, and Chase Freedom Credit Card this year would replenish our Chase Ultimate Rewards Points balance by the end of 2020.

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