So I have the CSR & have a good few points that I haven’t used. Is the statement credit at 50% additional value as good as it sounds? Other than the opportunity cost of not using those points on travel, aren’t you getting a great deal in cash back?

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Yeah, just today i said f-it and cashed out 100k points on statement credit. If you’re really patient, could try to get 2 cents/point value in a United transfer sometime months or years from now, but i took the cash

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It’s the best redemption value besides booking for travel. That and travel are the only ways to get the maximum cash-out (right now)

Sounds good to me. I’ve been trying to use points + bonus for booking a trip but found that sometimes Expedia or booking direct has substantially bigger discount

Yes it is - I've redeemed about $3k in standby credits in the last 6 months, and I'm very pleased about the option since there's no travel right now.

This is helpful! I haven’t been using any points for travel since the few flights I’ve taken have been so cheap. So this is really just free cash / big discount on things you’ve already paid for?!

Yup!

does chase send you a check if you go negative or can you only pay yourself back based on your balance?

You can also call once you have a negative balance and request a check be issued.

Following. Have accumulated over 100k points as well over the past couple years and haven’t spent them on anything yet and was also contemplating just using them all on statements but was previously advised that that’s one of the most inefficient uses of it but with this new (?) 50% additional value that might change that line of thinking

So normally 50,000 points can be redeemed for $500 cash or $750 towards flights right? Are you saying that if you choose to payoff stmt balance now 50,000 pts would remove $750 on stmt balance? If so that’s pretty sweet

That's correct, but the Pay Yourself Back feature only works on some categories.

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