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Guide to Chase’s Pay Yourself Back

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If you have a Chase Sapphire Preferred® Card or Chase Sapphire Reserve® card, you probably already know that you can increase the value of your Chase Ultimate Rewards points by redeeming them for travel booked through Ultimate Rewards. But many Chase cardholders are unaware that they can also increase the value of their Ultimate Rewards through Chase’s Pay Yourself Back program.

Chase’s Pay Yourself Back feature allows cardholders to increase the value of their Ultimate Rewards by redeeming points or cash back for statement credits toward popular spending categories, including grocery purchases and charitable donations. And in 2021, Chase expanded Pay Yourself Back to include dining purchases (until March 31, 2022)—giving you even more opportunity to increase the value of your Ultimate Rewards and save money.

Want to know more about Chase’s Pay Yourself Back program? We’ve put together a guide to help you navigate Chase’s bonus categories and maximize your savings.

What is Chase’s Pay Yourself Back feature?

Chase’s Pay Yourself Back program allows consumer and business cardholders to increase the value of their Chase Ultimate Rewards by redeeming points or cash back for statement credits in select spending categories.

To qualify for Pay Yourself Back, purchases must have been made within the past 90 days, and bonus categories are subject to change—which gives cardholders an incentive to maximize their Ultimate Rewards through frequent redemptions.

Chase has extended some Pay Yourself Back options, such as Chase dining purchases, through March 31, 2022.

Which cards allow Pay Yourself Back?

If you have one of the below Chase credit cards, you can use Pay Yourself Back to increase the value of your rewards. Here’s the list of cards that include Pay Yourself Back:

Which purchases can you pay yourself back on?

Chase’s Pay Yourself Back categories differ depending on what type of Chase credit card is in your wallet. Here’s a breakdown of how Chase Sapphire, Freedom and Ink Business cards reward Pay Yourself Back purchases. Keep in mind that these Pay Yourself Back spending categories have varying expiration dates.

Chase Sapphire cards

Chase offers Sapphire Preferred cardmembers a 25 percent boost on points for purchases made at Airbnb and (until March 31, 2022).

As for the Chase Sapphire Reserve, points are worth 50 percent more for purchases made at Airbnb and (until March 31, 2022). This 50 percent points boost also applies to Chase dining purchases (including takeout and eligible delivery services) through March 31, 2022.

Both Sapphire cards offer points redemption at a 25 to 50 percent boost for donations to select charitable organizations.

Chase Freedom cards

If you have a Chase Freedom Flex, Freedom Unlimited or Freedom Student credit card, your points are worth 25 percent more when you redeem them for donations at select charitable organizations. This offer is available through Dec. 31, 2022.

Chase Ink Business cards

If you have a Chase Ink Business Preferred, Ink Business Cash or an Ink Business Unlimited, your points are worth 25 percent more when redeemed for eligible charitable contributions through Dec. 31, 2022.

How does Pay Yourself Back work?

If you want to increase the value of your Ultimate Rewards points through Pay Yourself Back, start by logging in to your Chase account or by opening the Chase mobile app. From there, go to Chase Ultimate Rewards and select the Pay Yourself Back redemption option.

If you made any purchases in the past 90 days that are eligible for Pay Yourself Back, Chase will give you the opportunity to redeem your Ultimate Rewards points for statement credits against those purchases.

Remember, your points increase in value when redeemed through Pay Yourself Back. So if you have a Chase Sapphire Preferred card with 1,000 Ultimate Rewards points, the 25 percent value boost means you’ll be able to redeem those 1,250 points for $125 in qualifying statement credits.

The bottom line

Chase’s Pay Yourself Back program allows select Chase cardholders to increase the value of their Ultimate Rewards points when redeeming them for purchases in popular shopping categories, making Pay Yourself Back an excellent way to maximize your Ultimate Rewards points while simultaneously lowering your credit card bill.

If you have a Chase Sapphire, Freedom or Ink Business card in your wallet, make sure you take advantage of Pay Yourself Back, and try to claim as many Pay Yourself Back rewards as possible before the categories expire.

Written by
Nicole Dieker
Personal Finance Contributor
Nicole Dieker has been a full-time freelance writer since 2012—and a personal finance enthusiast since 2004, when she graduated from college and, looking for financial guidance, found a battered copy of Your Money or Your Life at the public library. In addition to writing for Bankrate, her work has appeared on, Vox, Lifehacker, Popular Science, The Penny Hoarder, The Simple Dollar and NBC News. Dieker spent five years as writer and editor for The Billfold, a personal finance blog where people had honest conversations about money. Dieker also teaches writing, freelancing and publishing classes and works one-on-one with authors as a developmental editor and copyeditor.
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