Is Chase’s “Pay Yourself Back” Feature Worth It?

We’ve seen card issuers add a variety of temporary perks, in light of current circumstances. This has especially been the case on premium travel cards, given that fewer people are traveling than in the past.

Chase has done a particularly good job with adding temporary perks to its credit cards, and in this post I wanted to take a closer look at the “Pay Yourself Back” feature. This has been extended and expanded since initially being introduced, and it’s arguably the best way to redeem any transferable points currency¬†for a non-travel purchase.

Perhaps it’s easiest to explain this in the form of an example for the cards that have the best “Pay Yourself Back” features. The Chase Sapphire Reserve & Sapphire Preferred are two of the most popular travel rewards cards. Historically there have been two ways to maximize the Chase Ultimate Rewards points earned on these cards: