Similar to the special Walmart and Best Buy Chase Pay promotions we shared a few weeks ago, you can now get 2,000 Chase points (worth $20 in cash back at a bare minimum) when you spend $20 at eBags and use Chase Pay to check out. Terms and conditions here and here.
Update: Get FREE ShopRunner shipping for two years through this link.
But if you have either a Sapphire Preferred or Sapphire Reserve card, the points you earn from this promotion can be used for travel rather than cash back, meaning they could be worth a lot more than $20. For example the Sapphire Reserve allows you to book travel directly at a rate of 1.5 cents per point, making this promotion worth a minimum of $30 in travel. And if you find a really good partner redemption (like I did for my trip to Hawaii), it could be worth a lot more.
Just be sure to hit the Chase Pay button at checkout, and use either a Chase Freedom, a Freedom Unlimited, or a Sapphire Preferred card to pay. It doesn’t appear that the Sapphire Reserve is eligible, though once you get the points, you can transfer them into your Reserve account for travel redemption purposes.
Update: If anyone was feeling uneasy about trying this, I did it myself the day we originally posted this article, and have confirmed that it works: