Chase Extends & Expands “Pay Yourself Back” Feature

Filed Under: Chase, Credit Cards
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We’ve seen credit card issuers add all kinds of limited-time perks in light of the current pandemic, which has greatly changed consumer behavior.

A few months back Chase introduced the “Pay Yourself Back” feature on Sapphire cards. Pay Yourself Back has not only been extended for several months but has also been expanded to other cards in a limited capacity.

Chase updates “Pay Yourself Back”

Not only has Chase extended the “Pay Yourself Back” feature on Sapphire cards, but it has also expanded this feature to both Freedom cards and Ink cards. Let’s take a look at all the details.

Chase Sapphire “Pay Yourself Back”

The Chase Sapphire Reserve® Card (review) and Chase Sapphire Preferred® Card (review) will continue to offer the “Pay Yourself Back” feature:

  • You’ll continue to be able to efficiently redeem points for non-travel purchases, including grocery stores, dining, and home improvement stores
  • You can now also redeem points at an improved rate for contributions to a dozen eligible charities
  • This feature is now available through April 30, 2021 (this was initially valid through September 30, 2020)

As a reminder, you’ll be able to redeem points at the following rates towards these purchases:

This is awesome as it essentially allows you to redeem points towards everyday purchases at the same rate as you usually could towards travel purchases.

Chase Ink Business “Pay Yourself Back”

The Ink Business Preferred® Credit Card (review), Ink Business Cash® Credit Card (review), and Ink Business Unlimited® Credit Card (review) will be introducing the “Pay Yourself Back” feature:

  • This will be valid between October 1 and December 31, 2020
  • Points will be worth 25% more when redeemed towards select online advertising and shipping expenses, as well as contributions to a dozen eligible charities

Chase Freedom “Pay Yourself Back”

The Chase Freedom FlexSM Credit Card (review) and Chase Freedom Unlimited® (review) will be introducing the “Pay Yourself Back” feature:

  • This will be valid as of October 1, 2020, with no end date; Chase notes that categories and redemption values will evolve over time
  • Points will be worth 25% more (so 1.25 cents per point) when redeemed towards contributions made to a dozen eligible charities

Eligible charities for “Pay Yourself Back”

As you can see, the “Pay Yourself Back” feature on all cards will be valid for contributions to charities. Here are the dozen eligible charities:

  • American Red Cross
  • Equal Justice Initiative
  • Feeding America
  • Habitat for Humanity
  • International Medical Corporation
  • Leadership Education Fund
  • NAACP Legal Defense and Education Fund
  • National Urban League
  • Thurgood Marshall College Fund
  • United Negro College Fund
  • United Way
  • World Central Kitchen

My take on Chase “Pay Yourself Back” expansion

It’s great that card issuers are giving members a lot more flexibility with redeeming their points. In particular, it’s exciting to see this feature extended by seven months on the Chase Sapphire Reserve® Card and Chase Sapphire Preferred® Card, with the same categories.

It’s also nice to see this feature added on other cards, though realistically it will likely be of limited value to most:

The great thing about Ultimate Rewards is that you can combine your points, and redeem at the highest value offered by any card. In other words, if you have the Chase Sapphire Reserve® Card, then points earned on all of these Chase cards can be redeemed for 1.5 cents each towards grocery store and dining purchases (and more).

Bottom line

Chase is extending and expanding its “Pay Yourself Back” feature, which is great news. The benefit is continuing as before on Sapphire cards through April 30, 2021, and is being expanded in a limited capacity to Freedom and Ink cards.

Have you used Chase’s “Pay Yourself Back” feature yet? Are you happy to see it expanded?

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.
  1. A lot of people kept asking whether the Chase Sapphire Preferred / Reserve would see changes in spend bonuses after the Freedom/Freedom Unlimited refreshes. To me, this suggests that it is highly unlikely. Chase Sapphire Reserve holders now basically have a 4.5% cashback card for all travel and dining. Increasing the spend bonus on travel and dining to 4x or 5x (as some have suggested) would take it to a 6% or 7.5% cash back on those categories. That’s probably too expensive for Chase. Being able to redeem at 1.5x for groceries, dining, home improvement and other regular way expenses is a pretty big enhancement.

  2. Cool, this way if travel continues to suck (which it may well be, over the next several months) we can still use up UR.

    Now I wonder if CSR’s travel credit will continue to credit dining/grocery when mine refreshes next year…

  3. Pay yourself back is how chase travel should work. Expedia is a detractor from UR. Every time I make a travel change I have to talk to Chase/Expedia and the travel provider. Get rid of Expedia and let me credit myself back for my travel.

  4. Do we know where to find official T&Cs of the program? I have been abroad for some time and would like to use Ink card for shipping services (German DHL and local post office). Are also foreign transactions eligible?

  5. Andy,

    I have found nothing in the terms that says that you don’t earn points on charges that you redeem against with pay yourself back. (It also didn’t say that you do.)

  6. Pay Yourself Back℠ with Ultimate Rewards
    Ultimate Rewards points may be redeemed for a statement credit to Pay Yourself Back for purchases made at select merchants within the 90 days before the redemption request date.
    Currently, only purchases made with your Chase card with Ultimate Rewards at grocery stores and dining at restaurants (including takeout & eligible delivery services), home improvement stores and select charitable organizations will qualify. For information about Chase rewards categories and an example of eligible merchants, please see our FAQs.
    To ensure your charitable donation purchase is eligible for Pay Yourself Back, please donate directly to the charity’s parent organization. Local chapters may not be eligible for Pay Yourself Back.
    The following charitable organizations are currently eligible for Pay Yourself Back: American Red Cross, Equal Justice Initiative, Feeding America, Habitat for Humanity, International Medical Corporation, Leadership Conference Education Fund, NAACP Legal Defense and Education Fund, National Urban League, Thurgood Marshall College Fund, United Negro College Fund, United Way, and World Central Kitchen.
    Categories, eligible merchants, and purchase transaction eligibility may change from time to time without notice.
    Redemptions require a minimum of 1 point.
    Each point you redeem for a statement credit towards eligible Pay Yourself Back purchases is worth $0.0125, which means that 100 points equals $1.25 in redemption value. Chase has the right to change redemption values at any time.
    Statement credits will post to the card account within 3 business days of a request to redeem and will appear on the monthly Chase credit card billing statement within 1-2 billing cycles.
    Statement credits will reduce your balance but you are still required to make at least your minimum payment. Chase reserves the right to determine which purchases qualify for a statement credit.
    You are responsible for any tax liability related to participating in this program. Please consult your tax advisor if you have any questions about your personal tax situation.
    Even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won’t qualify for rewards offers on purchases in that category.
    Your account is to be used only for personal, family or household purposes.

    If we believe that you’ve engaged in fraudulent activity related to your credit card account or the Ultimate Rewards program, or that you’ve misused the Ultimate Rewards program in any way (for example by buying or selling points, by selling, or participating in the sale or exchange of, gift cards, travel or other items of value obtained through use of points, by repeatedly opening or otherwise maintaining credit card accounts for the purpose of generating rewards, by manufacturing spend for the purpose of generating rewards, by moving or transferring points to an ineligible third party or account) we may temporarily prohibit you from earning points or using points you’ve already earned, or close your credit card account.

    We may apply a maximum amount of points you can use for Pay Yourself Back redemptions.

  7. You can find the terms by logging in to your account, go to Rewards and Pay Yourself Back, and seeing qualifying purchases and the terms.

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