Chase just announced an easy cashout option for Sapphire Reserve/Preferred cards at 1.5/1.25 cents per point. An astute reader noticed that at the end of the press release, Chase adds:
Chase will introduce other cards that earn Ultimate Rewards points to the Pay Yourself Back feature over time.
This is unlikely to come to the Freedom cards since Chase won’t increase the cashout rate on a no-fee card above 1 cent per point. It must be referring to the INK Preferred business card, and perhaps the legacy INK Plus card.
So it seems likely that the INK Preferred card will get additional 1.25 cents cashout options without the need to book travel. These probably won’t be for grocery/dining, more likely that it’ll be for things like telecommunications or shipping or things of that sort.
Honestly, the 1.25 Preferred wasn’t even such big news, it was the 1.5 Reserve that was really interesting. But I thought it worth noting, nonetheless, that INK Preferred might join with other 1.25% cashout options.
