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Double dip deal: Chase Sapphire Reserve cardholders can redeem 20,000 points for $500 of Away luggage

Caroline Tanner
Caroline Tanner
News reporter
A classically trained journalist, Caroline Tanner covers news and travel for TPG. She is a dual-journalism graduate of Mizzou and Northwestern.
Jan. 19, 2022
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2 min read
Young Tourist Women on phone call by sitting on sofa at hotel lounge , entrance hall.
Double dip deal: Chase Sapphire Reserve cardholders can redeem 20,000 points for $500 of Away luggage
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Update: Some offers mentioned below are no longer available. View the current offers here.

Now through Feb. 28, Chase Sapphire Reserve® cardholders can save $200 when using their card to purchase at least $500 at Away Luggage. Combined with a double-dipping opportunity currently available on the Chase Sapphire cards, you could get $500 worth of Away luggage for just 20,000 Chase Ultimate Rewards points.

The deal, which is valid for one use only, may not be combined with other Away promotions or discounts and purchases must be made directly through Away online. Cardholders must register for the Chase offer to save.

(Screenshot courtesy of Chase)

You can also pair this deal with an ongoing Pay Yourself Back offer with Away, which allows Chase users to redeem points at up to 1.5 cents each. Chase Sapphire Reserve® and Chase Sapphire Preferred® Cardholders can redeem 1.5 cents per point and 1.25 cents per point respectively on Away purchases through March 31.

For example, let's say you spent $500 using your Sapphire Reserve through this offer, receiving the $200 back and reducing your purchase to only $300. Then after the credit hits your next statement, you could double-dip and use Pay Yourself Back to cover that expense, redeeming 20,000 Chase Ultimate Rewards points at 1.5 cents each for your $300 Away purchase. Essentially, you'd get $500 worth of Away luggage for 20,000 points when you double dip these offers — 2.5 cents in value per point redeemed, which is higher than TPG's current Chase Ultimate Rewards points valuation of 2 cents each.

Note that Chase Sapphire Reserve and Sapphire Preferred cardholders can also currently save on Airbnb purchases through Pay Yourself Back.

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Related: Chase introduces new Pay Yourself Back categories on Sapphire card lineup

Act now because this deal expires on Feb. 28. If you've been on the lookout for new luggage for any 2022 travels, you can save a lot of money on an Away bag and get a great value out of your Chase points to boot.

Featured image by Getty Images
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.