Through Sept. 30, customers with the Sapphire Reserve card will get 1.5 cents per point on these new redemptions, while Sapphire Preferred cards will get 1.25 cents per point. Related: Chase Sapphire Preferred vs. Chase Sapphire Reserve: Which is best for you? In addition, Chase Sapphire Reserve card holders will get additional limited-time options for using the card's $300 travel credit. Chase will also extend its annual fee reduction on existing Chase Sapphire Reserve cards through the end of 2020. For the moment, these new redemption options apply only to the Sapphire Reserve and Sapphire Preferred cards.

Source: CNN May 29, 2020 21:33 UTC