Over the past few days, the redemption rate for Chase Sapphire Reserve Pay Yourself Back has been adjusted somewhat. The annual fee category, which previously received a 50% bonus, has now been reduced to 25%. In other words, the redemption value has dropped from 10,000 points = $150 to 10,000 points = $125.
In addition, the grocery category, which had disappeared before, is now redeemable again. However, it only comes with a 25% bonus, meaning 10,000 points can redeem $125 in purchases. (The last time it appeared, it had a 50% bonus.)
