[You Can Now Use Pay Yourself Back For The Annual Fee] Earn 60,000 Points On The Chase Sapphire Reserve Card With The Highest Signup Bonus Since The Launch Offer!

DDMS IconNever Miss Another Deal - Follow DansDeals on Facebook


Update: DEAD! Don’t miss it if this becomes alive again. Sign up for deal notification alerts here!

Update: You can now use points to pay yourself for the Sapphire Reserve’s annual fee, at a rate of 1.5 cents per point. This new Pay Yourself Back category will run through at least 12/31/21 and can credit back the annual fee if it was charged in the past 90 days. I have the option to pay back the full $550, despite also getting a $100 statement credit.

Originally posted on 3/23:

Limited Time Offer: Earn 60,000 Points On The Chase Sapphire Reserve Card!

Signup bonus:

For a limited time only, you can earn 60,000 Chase Ultimate Rewards points for opening a Chase Sapphire Reserve Card and spending $4,000 in 3 months. Those points are worth a minimum of $600 cash back or $900 towards travel and other categories, but they can be worth much more as shown below.

The end date of this offer is not yet published.

The previous standard signup bonus offers on this card has been 50K points for spending $4,000 in 3 months. This is the first increased offer for this card since its 100K intro bonus when the card was launched in 2016.

Chase no longer matches Sapphire card offers if you signed up with a lower offer.

Also available is a 80,000 point limited time offer on the Sapphire Preferred card.

Annual fee: 

$550 for the primary card and $75 for additional users

Signup bonus terms: 

If you received your last Sapphire bonus on 3/22/17 or earlier, you are now eligible to earn another Sapphire bonus!

  • You won’t get the signup bonus on this card if you have received a signup bonus on Sapphire Reserve, Sapphire Preferred, or Sapphire card within the past 48 months. You can call Chase to find out when you last earned a bonus on those cards or you can pull up your old statements online to check when you last got a bonus.
  • You won’t get approved for this card if you currently have an active Sapphire Reserve, Sapphire Preferred, or Sapphire card. However you can change those cards to a Freedom Unlimited or Freedom Flex card, wait a few days, and then apply for a Sapphire Preferred card.
  • You can apply and Chase won’t pull your credit or approve you if you are not eligible to get the card bonus.


All Chase cards appear to be subject to 5/24 restrictions, meaning that you are not likely to be approved if you have been approved for 5 or more consumer credit cards in the past 24 months. Note that the Chase system automatically counts cards like authorized user cards and store cards as cards that count towards 5/24, but if you explain to Chase that those cards are merely authorized user cards or store cards they can manually approve you for a new card.

You can check your credit report for free at the federally authorized annualcreditreport.com to check how many accounts are shows as being open in the past 24 months.

Card earnings: 

  • 3 points per dollar on travel, including airfare, hotels, car rentals, cruises, subways, trains, taxis, tolls, parking, Airbnb, Uber, etc.
  • 3 points per dollar on dining.
  • 10 points per dollar on Lyft spending through 3/31/22.
  • 1 point per dollar elsewhere.
  • There are no foreign transaction fees.

Through 4/30/21 you can also earn 3 points per dollar on groceries, including grocery pickup and delivery. The bonus is capped at $1,000 in monthly grocery spending.

$300 Annual Travel Credit:

Cardholders get $300 in annual refunds that post automatically whenever you charge something that is categorized as travel, which includes airfare, Airbnb, car rentals, cruises, hotels, Lyft, subways, taxis, tolls, trains, Uber, UberEats, etc. It’s pretty easy to spend $300 over the course of a year given the wide range of eligible categories.

Additionally through 12/31/21, you can also get reimbursed for gas and groceries from the $300 annual travel credit!

If you applied for your Sapphire Reserve on or after 5/21/17, the annual travel credit is based on your cardmembership year. In other words if you opened a card on 3/1/19 and your statement closes on the 1st of the month, you will get a $300 credit for travel spending from 3/1/19 through 4/1/20 and it will reset annually on 4/1.

If you applied for your Sapphire Reserve before 5/21/17, the annual travel credit is based on the calendar year.

Read more about this credit here.

Spend Threshold:

You’ll need to spend $4,000 on this card within 3 months.

You can pay your federal taxes for a 1.96% fee. If you overpay your taxes you can request a refund or apply it to your next year’s taxes.

My local natural gas company allows me to prepay up to $1,000 on a credit card for a $1.65 flat fee. That’s a great way to earn miles and help meet a spend threshold. My electricity supplier allows me to pay with a credit card for free as long as I am enrolled in autopay.

Card benefits:

Sapphire Reserve has a plethora of value benefits and protections:

  • Free roadside assistance, including free battery boost, flat tire service, 2 gallons of fuel delivery, towing, or lockout assistance.
  • Primary rental car insurance worldwide.
  • $10K/item Purchase Protection for for items damaged or stolen within 120 days.
  • $10K/item Extended Warranty Protection
  • $500/item Return Protection
  • Lost luggage insurance of $3,000 per person per trip.
  • Baggage delay reimbursement of $100 per day per person (max of 5 days) for essential items needed (Clothing, toiletries, charger, etc) for delays more than 6 hours.
  • Trip delay reimbursement of $500 per person for reasonable expenses (Hotel, food, toiletries, medicine, etc) required for delays more than 6 hours.
  • Trip cancellation and trip interruption insurance of $10,000 per trip or $20,000 per trip with multiple travelers.
  • $1,000,000 in travel accident insurance.
  • $100,000 in emergency evacuation insurance when traveling more than 100 miles from home.
  • Repatriation of Remains Insurance
  • Emergency Medical and Dental Benefit while traveling

Peloton Credit:

Charge your Peloton membership fee to your Sapphire Preferred card and you’ll automatically get $120 back through 12/31/21.

Make a Peloton purchase of $1,800+ and earn 10 points per dollar spent through 3/31/22!

Increased points value:

If you or someone in your household has a Sapphire Reserve card you can redeem Chase Ultimate Rewards points earned from any card at a value of 1.5 cents towards paid travel.

Pay yourself back:

Back in May, Chase added the ability to pay yourself back and redeem your Sapphire Preferred or Sapphire Reserve Ultimate Rewards points to offset any dining, grocery store, or home improvement purchases at a rate of 1.25 or 1.5 cents per point through 9/30. They also added select charities to the program, which you can offset your donation with points.

Chase has extended those categories through 4/30/21 9/30/21 and and tells me that Pay Yourself Back will be a permanent feature of the Ultimate Rewards program, and that they will add more cards and categories for the program in the future. This adds a ton of value to the Ultimate Rewards program as you can buy anything from those stores, even gift cards to other stores, and make them free by redeeming points at a value of 1.25 or 1.5 cents each. The ability to get that kind of value from your points even when you’re not traveling is outstanding.

A great feature of the program is that you keep the original points that the purchase earned, even though you paid yourself back for the purchase. That means your points will be worth more than 1.25 or 1.5 cents each!

In other words, if you spend $300 on groceries or dining on Sapphire Reserve, you can use 20,000 points to offset that purchase and make it free. Plus, you’ll still earn the 900 points for groceries or dining, so you effectively used 19,100 points to offset the purchase. That means your points were actually worth 1.57 cents each!

Airline and hotel transferability:

If you or someone in your household has a Sapphire Preferred card you can transfer Chase Ultimate Rewards points into valuable airline and hotel mileage currencies.

Card convertibility:

You can call Chase to convert this card or any of the following cards into another card from this list:

Note that some reps will only allow card conversions after you have had the card for 12 months.

If you or someone in your household has a Sapphire Reserve, then your points will be worth at least 1.5 cents towards travel!

Priority Pass Membership:

Priority Pass lounge membership allows you to bring 2 guests with you into over 1,000 airport lounges.

Secondary cardholders get their own Priority Pass membership and can bring in their own guests.

There are also many airports with restaurants that have $28 credit per person with Priority Pass membership. I’ve used that to get free granola bars, potato chips, and drinks to go!

While AMEX no longer allows Priority Pass to access that restaurant credit on their cards, Chase still allows cardholders to use that credit.

Global Entry/Pre-Check Fee Refund:

It costs $85 to apply for a 5 year TSA Pre-Check membership which makes flying pleasant again. Shorter lines, no need to remove your shoes, belt, jacket, or hat. You can keep your laptop and small liquids inside your carry-on. And you go through a good old fashioned metal detector instead of assuming the position in the body scanner.  If you charge it on your Platinum card the fee will be refunded.

It costs $100 to apply for a 5 year Global Entry membership which lets you bypass the customs line. If you have Global Entry you also get TSA Pre-Check for free. If you charge it on your Platinum card the fee will be refunded.

You can read more more about the differences in this post.

My whole family has Global Entry and it sure makes traveling a whole lot easier!

Doordash DashPass And Credit

Cardholders get a free year of DoorDash DashPass to save money on deliveries, a $9.99 monthly value.

DoorDash DashPass allows you to get free delivery and lower service fees on $12+ orders from select restaurants that have a blue checkmark. There are also lots of promotions and free food offers available to DashPass members.

Plus, cardholders get their first $60 of DoorDash spending in 2021 refunded!

Lyft Pink And Grubhub+ Or Seamless+:

Cardholders can signup for 12 free months of Lyft Pink and Grubhub+ or Seamless+, a $19.99 monthly value!

Grubhub+ and Seamless+ offer unlimited free delivery, exclusive rewards and coupons, and a match of donated change.

Lyft Pink offers 15% off all Lyft rides, free Grubhub+ or Seamless+ membership, bonus surprise offers and discounts, priority airport pickup, waived cancellation fees 3 times per month when you rebook a ride within 15 minutes, waived lost and found fees, and 3 free bike or scooter rides per month.

Killer Combos:

Stacking multiple Ultimate Rewards cards together can supercharge your earnings by getting you more points per dollar while increasing the value of all your points.

Read more about this strategy in depth in this post.

Chase Bifecta would consist of a household that has the Sapphire Preferred or Sapphire Reserve and the Freedom Unlimited. The total effective annual fees would be either $95 with Sapphire Preferred or $250 with Sapphire Reserve after accounting for that card’s $300 annual travel credit. With the Sapphire Preferred+Freedom Unlimited you would earn 1.5 points per dollar everywhere, 2 points per dollar on all travel, 3 points per dollar on dining and drugstores, and 5 points per dollar on travel booked via Chase. You’ll be able to transfer all of your points into airline miles or hotel points or use the pay yourself back feature. Read more about Freedom Unlimited here.

Chase Trifecta adds a no annual fee card like Ink Cash or Chase Freedom Flex into the mix, so your total effective annual fee will still be $95 or $250. Both of those cards give options to earn a whopping 5 points per dollar in various categories on top of the 2-3 points per dollar that the Sapphire cards offer and the 1.5-5 points per dollar everywhere else with a Freedom Unlimited card. Read more about Freedom Flex here and read more about Ink Cash here.

Chase Quadfecta would add both the Ink Cash and Chase Freedom Flex on top of a Sapphire card and an Unlimited card, so your total effective annual fee will still be just $95 or $250. The Quadfecta is the sweet spot and allows you to really supercharge your spending everywhere.

Chase Quinfecta could add the Ink Preferred to that mix, adding $95 to the annual fee total. This make sense if you spend money on shipping, social media advertising, or search engine advertising, or if you want free cell phone insurance.

Alternatively, you can create a Chase Quinfecta by adding the Chase United Explorer card, Chase United Gateway Card, or Chase United Business Card into the mix. Those cards don’t earn Ultimate Rewards points, but it makes your Ultimate Rewards points more valuable. Having a United card enables you to have access to significantly expanded United saver and standard award space in addition to benefits like 2 free club passes, a free checked bag, a free carry-on bag, and priority boarding, even when you’re on a basic economy fare. See more about those benefits here.

Again, all of these cards don’t need to be in one person’s name. 2 people from the same household can split up the requisite cards that make up the Quinfecta, as they can transfer the Ultimate Rewards points back and forth between themselves freely and they can add each other as an authorized user on their cards!

Airline transfer partners:

You can transfer points at a 1:1 ratio to:

  • United (Star Alliance)
  • Singapore (Star Alliance)
  • Air France/KLM Flying Blue (Skyteam)
  • British Airways (OneWorld)
  • Aer Lingus (OneWorld)
  • Iberia (OneWorld)
  • Emirates
  • JetBlue
  • Southwest
  • Virgin Atlantic

Hotel transfer partners:

You can transfer points at a 1:1 ratio to:

  • Hyatt
  • IHG
  • Marriott

The great thing about Chase Ultimate Rewards is how versatile and valuable they are:

The Sapphire Preferred card allows you and anyone in your household to transfer Chase points into miles. They also allow you to use points at a value of 1.25 cents each towards travel.

The Sapphire Reserve also allows you and anyone in your household to transfer Chase points into miles. Plus it allows you to use points at a value of 1.5 cents each towards travel.

The fixed value is excellent and doesn’t require hunting down award space, but those points can be much more valuable by transferring them into airline miles or hotel points.

  • If I want to stay in a 5 star Park Hyatt in the Maldives, Melbourne, NYC, ParisSydney, or Tokyo that would cost over $1,000/night, I can instantly transfer 25-30K points to Hyatt to do that, a value of up to 6 cents per point.
  • If I need a one-way flight from Cleveland (or Chicago, Detroit, Miami, Montreal, Orlando, Pittsburgh, Toronto, etc) to NYC that can cost $500 each way, I can instantly transfer 7.5K points to British Airways to book a short-haul on American with no last minute booking fees. Or if American doesn’t have availability I can instantly transfer 10K points to United for their short-haul award. That’s a value of up to 7 cents per point.
  • If I want to stay in a non-chain hotel that costs $300/night and don’t want to pay cash, I can redeem 20K points for the room thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 24K points with the Sapphire Preferred card’s minimum redemption value of 1.25 cents per point
  • If I want to fly in a $25,000 ANA First Class Suite round-trip from the US to Tokyo, I can instantly transfer 110K or 120K points to Virgin Atlantic. That’s a value of up to 23 cents per point.
  • If I want to book a $2,281 business class ticket on Air Canada to Tel Aviv I can redeem 152K points for the flight thanks to my Sapphire Reserve card’s minimum redemption value of 1.5 cents per point or 182K points with the Sapphire Preferred card’s minimum redemption value of 1.25 cents per point, plus I’ll earn Qantas miles for more future travel as it’s considered a paid flight instead of an award flight.
  • And thousands of other possibilities from Singapore couples suites to booking Southwest awards with 2 free bags and free cancellations, to stealing 2nd base in middle of an MLB game.

Limited Time Offer: Earn 60,000 Points On The Chase Sapphire Reserve Card!

Will you signup for this highest ever public offer? 

Leave a Reply

36 Comments On "[You Can Now Use Pay Yourself Back For The Annual Fee] Earn 60,000 Points On The Chase Sapphire Reserve Card With The Highest Signup Bonus Since The Launch Offer!"

All opinions expressed below are user generated and the opinions aren’t provided, reviewed or endorsed by any advertiser or DansDeals.


Does road side assistance include any car or only one that was rented with the car?


I want the reserve to redeem 1.5 for groceries should I apply for the preferred $80,000 and than upgrade to reserve. And also will the grocery pay yourself 1.5 end or it’s permanent.


for someone that doesn’t mind having a CSR which SUB is better? this or the CSP?


If I apply for global entry for my self can I take them along with me by exiting and entering? Or they need there own membership?

phil lazar

I currently have a preffered that i got 7 montha gao and would like to downgrade that to a freedom unlimited. and would like to apply for the reserve… will i get the signup bonus?

Sean Group

Did you even read the post? You won’t be eligible to get the SUB for 48 months.


If I currently have the CSP and want the sign up bonus for the reserve as well, would I be able to downgrade the preferred and then sign up for the reserve?


Anyone else having trouble using pay yourself back? I used it a few months ago but now when I click on the option in the rewards page it just bounces me back to home.

Mister bee

My chase sapphire which is now converted to a freedom was approved on 9/26/17 does that mean that from 9/26 this year I can get a bonus again?


No, it’s 48 months from when bonus posts. Which is the last day of the billing cycle in which you eclipsed the spend threshold.

Mister bee

Okay thank u


Copy and Paste error regarding using card for global entry it states platinum card instead of Chase sapphire reserve


Thank you! was the last day for me!


Thanks! Today was last day for me to pay back the $450 annual fee.
Much appreciated!


Annual fee was charged on 2/1, so today was my last day as well, happy I checked it, thanks Dan, appreciate the heads up, and all that you do!


Does the CSP also have the option to pay yourself back for the annual fee @ 1.25


Hi Dan, does the annual fee of of $450 go up to $550 if you’ve had the card for a few years or is it only new applicants?