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Chase extends Pay Yourself Back feature on eligible cards and categories

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Since Chase announced the Pay Yourself Back feature in early 2020, the issuer has extended the tool to various cards within its suite, as well as the length of time the tool is available.

Chase has done so once again, lengthening the Pay Yourself Back feature’s availability for Sapphires cards and a number of Ink Business cards. Previous offers slated to expire as of March 31 of, 2022 will now last until June 30, 2022.

As a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® member, you can continue to get 25 percent to 50 percent more value, respectively, for your points when you redeem them for statement credits after using your card for dining and purchases with Airbnb, as well as with Away through Both Sapphire cards will continue to redeem points at 25 percent and 50 percent more for donations to select charitable organizations. The Peloton Bikes and Treads offer for 5X back (with the Sapphire Preferred) to 10X back (with the Sapphire Reserve) is expiring March 31 2022, however.

What is Chase Pay Yourself Back?

With Chase’s Pay Yourself Back tool, you can redeem your rewards toward past purchases with a percentage boost (typically 25 percent to 50 percent) to the value of your points. The tool was originally announced in May 2020 and was set to expire September 30, 2020, but the offer has since lengthened for Sapphire cardmembers and expanded to additional Chase cards.

To use the Pay Yourself Back tool, select a qualifying transaction made up to 90 days in the past. Then, redeem your points toward all or a portion of your purchase transaction and receive a statement credit.

Chase credit cards that offer the Pay Yourself Back tool:

Further details on Pay Yourself Back

Through December 31, 2022, Chase Freedom, Freedom Flex, Freedom Unlimited and Freedom Student points are worth 25 percent more when redeeming for donations to a dozen select charitable organizations.

Note that if you own the Sapphire Preferred or Reserve in addition to a Freedom card, you can transfer your points to those cards and use the Pay Yourself Back tool to get the 25 percent or 50 percent boost on purchases with Airbnb as well as Away through

With Chase Ink Business Plus or Ink Business Preferred cards, your points are worth 25 percent more when redeemed for shipping, internet, cable and phone services, and advertising purchases made with social media sites and search engines. These categories are effective until June 30, 2022. Points are worth 25 percent more when redeemed for eligible charitable contributions through December 31, 2022.

If you have a Chase Ink Business Cash or an Ink Business Unlimited card, your points are worth 10 percent more when redeemed for internet, cable and phone services. Points are worth 25 percent more when redeemed for eligible charitable contributions through June 30, 2022.

Eligible charities with Pay Yourself Back include:

  • 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 WayWorld Central Kitchen

Should you redeem your points with Pay Yourself Back?

Given that using Pay Yourself Back gets you 25 percent to 50 percent more value for your points, you’d be hard-pressed to find a downside to doing so—especially seeing as travel is limited and redeeming toward travel purchases is typically the most lucrative use of Ultimate Rewards points.

For more information on Ultimate Rewards points, including which Chase credit cards earn them, how much they’re worth, tips for maximizing and how to transfer your points to travel partners, consider reading Bankrate’s Chase Ultimate Rewards guide.

Written by
Claire Dickey
Editor, Product
Claire Dickey is a product editor for Bankrate, and To Her Credit. Before joining Bankrate, Claire worked as a copywriter for brands within the telecommunications industry as well as a hybrid marketing and content writer.
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