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More Chase credit cards are now eligible for the Chase Pay Yourself Back feature. This feature lets you get a point redemption bonus for select purchase statement credits. As you will see, Chase Ultimate Rewards continue to be some of the easiest and most valuable credit card points to redeem.

The Chase Pay Yourself Back feature lets you maximize your Ulitmate Rewards. The United Club And Global First Lounge London LHR Tea Room. Credit: United

How Chase Pay Yourself Back Works

Chase Pay Yourself Back first launched in May 2020 for the Chase Sapphire Preferred® and Chase Sapphire Reserve®. The program was originally scheduled to end on September 30, 2020, but is continuing as we don’t travel as often as before.

Sapphire members can redeem their Ultimate Rewards as a statement credit for purchases at grocery stores, home improvement stores, and dining (including restaurants, takeout, and eligible delivery services). The point redemption value is the same as booking award travel on Chase Ultimate Rewards. For the Sapphire Preferred, each point is worth 1.25 cents each (25% more) and 1.5 cents for the Sapphire Reserve (50% more).

You can redeem points on purchases made within the most recent 90 days. There are no maximum point redemption limits while the Pay Yourself Back feature is active.

Pay Yourself Back is a good way to redeem points as you stay at home. Normally, Chase values Ultimate Rewards at 1 cent each for cash statement credits.

Chase Pay Yourself Back Benefits by Card

Starting October 1, 2020, credit cards in the Chase Freedom family and the Ink Business Preferred® Credit Card can start using the Pay Yourself Back feature for certain card purchases.

Below are the Chase Pay Yourself Back benefits your card might offer as a redemption bonus.

Chase Sapphire Preferred

The Chase Sapphire family continues to have the most statement credit redemption options. The Chase Sapphire Preferred® can get a 25% redemption bonus on these purchases through April 30, 2021:

  • Dining (dine-in, takeout, and qualifying food delivery services)
  • Grocery stores
  • Home improvement stores
  • Charity donations

Each point is worth 1.25 cents as a qualifying purchase credit. Award travel continues to have the 25% redemption bonus when you book travel through Chase.

New Chase Sapphire Preferred cardmembers also have the ability to earn a signup bonus of 80,000 Chase Ultimate Rewards by spending $4,000 in the first 3 months. This bonus is worth up to $1,000 in award travel.

Chase Sapphire Reserve

The Chase Sapphire Reserve® has the same redemption categories as the Sapphire Preferred. One difference is that each point is worth 1.5 cents each for dining, grocery, and home improvement statement credits through April 30, 2021.

Chase also automatically redeems the $300 annual Sapphire Reserve travel credit on gas station and grocery purchases through December 31, 2020. You also earn Ultimate Rewards on all purchases.

Members with a card renewal date through December 2020 get a $100 annual fee reimbursement. This perk reduces the Sapphire Reserve annual fee to $450. You might recall that Chase upped the fee to $550 shortly before the pandemic.

As always, you can earn 3 points per $1 on travel (immediately after earning the $300 travel credit) and dining purchases. These various benefits continue to help make the Chase Sapphire Reserve worth keeping.

Chase Freedom Cards

The Chase Freedom card family has a 25% Pay Yourself Back redemption bonus for select charity donations.

The three qualifying cards are:

You can donate your Ultimate Rewards points to these 12 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

If you plan on giving to one of these charities, you can stretch your money further. At this time, none of the Chase Freedom cards get a redemption bonus for daily purchases like the Chase Sapphire family does.

This redemption bonus goes indefinitely for the Freedom cards.

Your points are worth 1 cent each when redeemed for cash, award travel, and gift cards. While the Pay Yourself Back feature doesn’t apply to daily purchases, the Freedom Flex and Freedom Unlimited have more ways to earn bonus Chase Ultimate Rewards. Travel that you book on Chase Ultimate Rewards earns 5x points. Dining and drugstore purchases earn 3x points.

Also, both cards are offering a $200 signup bonus to new cardmembers by spending $500 in the first 3 months. New cardmembers also earn 5% back on the first $12,000 in grocery store purchases (excluding Target and Walmart) during the first 12 months of ownership.

Ink Business Preferred Credit Card

The Chase Ultimate Rewards small business credit cards with an annual fee qualify for the Chase Pay Yourself Back feature. Neither of the Ink Business credit cards without an annual fee has the Pay Yourself Back feature. You get the redemption bonus if you have the Ink Business Preferred® Credit Card or the discontinued Chase Ink Business Plus from October 1, 2020, to December 31, 2020.

The eligible Pay Yourself Back categories are:

  • Online advertising (social media and search engine)
  • Shipping purchases

These two purchases can also earn 3x Ultimate Rewards per $1 on the first $150,000 in combined annual spending. Travel, internet, phone, and cable purchases earn triple points too.

The Ink Business Preferred and Ink Business Plus cards can also make charitable donations, through December 31, 2020.

In addition to the limited-time redemption bonus, new applicants for the Chase Ink Business Preferred can earn a signup bonus of 100,000 Ultimate Reward points (worth up to $1,250 in award travel and Pay Yourself Back credits). You earn the bonus by spending $15,000 in the first 3 months.

Related: Chase Sapphire Preferred & Ink Business Preferred: Can You Have Both?

Will More Pay Yourself Back Features Come?

We don’t know whether or not the Chase Ultimate Rewards credit cards will get more Pay Yourself Back redemption options. It’s a possibility once the current redemption deadlines lapse.

Chase has already extended the Chase Sapphire redemption options into 2021. The other cards that earn Chase Ultimate Rewards may add additional categories as well. If so, the Chase credit cards with an annual fee are likely to have more robust options to provide more value to the cardholder.

It’s unlikely that the co-brand credit cards will offer the Pay Yourself Back feature as you either earn airline miles or hotel points. However, the travel brand may offer award travel discounts to entice you to travel more often.

Related: Best Chase Credit Cards


The Chase Pay Yourself Back feature is one credit card perk that many of us didn’t expect at the start of the year. This feature is a great way to make your Chase Ultimate Rewards more valuable if you use your personal or business card for the eligible purchase types.


What are the Chase Pay Yourself Back categories?

The Chase Pay Yourself Back redemption bonus categories vary by credit card family:

  • Sapphire: Dining, grocery stores, home improvement, and charity donations
  • Freedom: Charity donations
  • Ink Business: Shipping purchases, social media and search engine advertising, and charity donations

When is the Chase Pay Yourself Back feature end date?

The current end date for the Chase Pay Yourself Back feature is different for each credit card family:

  • Sapphire: April 30, 2021
  • Freedom: No end date
  • Ink Business: December 31, 2020

The Chase Freedom Flex and Chase Freedom Unlimited don’t have an end date. But its 25% redemption bonus only applies to charitable donations.

Is Chase Pay Yourself Back worth it?

The Chase Pay Yourself Back feature is worth it for the Chase Sapphire credit cards and Chase Ink Business Preferred when you typically redeem your Ultimate Rewards for award travel in the Chase travel portal. But, you might be able to find more value from the 1:1 travel transfer partners if you’re still traveling regularly.

As most frequent flyers are “infrequent flyers” in 2020, the Pay Yourself Back tool lets you capture the redemption bonus for daily spending while staying home or taking road trips.

You can also donate your Ultimate Rewards to one dozen charity partners. If you normally donate to these causes, your donation can be worth 25% or 50% more, depending on which Chase card you have.

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Josh Patoka

Chase Sapphire Preferred® Card

  • Earn 80,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $1,000 toward travel when you redeem through Chase Ultimate Rewards®.
  • 2X points on travel and dining at restaurants worldwide, eligible delivery services, takeout and dining out & 1 point per dollar spent on all other purchases.
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 80,000 points are worth $1,000 toward travel.
  • Get unlimited deliveries with a $0 delivery fee and reduced service fees on orders over $12 for a minimum of one year on qualifying food purchases with DashPass, DoorDash's subscription service. Activate by 12/31/21.
  • Earn 5X points on Lyft rides through March 2022. That’s 3X points in addition to the 2X points you already earn on travel.

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