Chase’s Pay Yourself Back feature allows you to redeem points at a rate of 1.25¢ (Chase Sapphire Preferred) and 1.5¢ towards grocery, dining and charity purchases. Unfortunately when it first launched some merchant category codes weren’t considered grocery and it wasn’t possible to redeem points against these charges. It looks like Chase has expanded this definition (not sure if only for PYB). Might be worth checking your accounts if you have points you want to redeem and no charges to redeem them against to see if any old transactions have been recoded.
Some charges that weren’t eligible but now are include: Hello Fresh, Green Chef, and Vitamin Shoppe, Misc Food Stores – convenience and speciality markets.
Hat tip to m16p
