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Credit Cards

New Chase Pay Yourself Back categories: Get up to 50% more value when redeeming points for groceries, gas, shipping and more

Chase has announced new Pay Yourself Back categories for its Sapphire, Freedom and business credit cards. Here's how to maximize your rewards.

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The Chase Freedom® is not currently available to new cardholders. Please visit our list of the best cash-back cards for alternative options. Some offers mentioned below are no longer available.

Chase consumers with cards that earn Chase Ultimate Rewards®, like the Chase Freedom Flex℠, can continue to benefit from Pay Yourself Back redemptions. This feature allows you to redeem points for statement credits on eligible purchases, with up to 50% more value depending on the card you have.

Pay Yourself Back was originally launched in May 2020 amid the pandemic for Chase Sapphire Preferred® Card and Chase Sapphire Reserve® Card members and it was meant to be a limited-time offer. However, Chase has continued to extend and adjust this redemption option.

Here are the eligible cards:

Below, CNBC Select has the scoop on how you can maximize rewards with Pay Yourself Back.

Chase Sapphire Reserve 

Chase Sapphire Reserve®

On Chase’s secure site
  • Rewards

    Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Ultimate Rewards® immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Ultimate Rewards®

  • Annual fee

    $550

  • Intro APR

    None

  • Regular APR

    22.49% - 29.49% variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fee

    None

  • Credit needed

    Excellent

  • Terms apply.

 

  • Eligible categories: Gas stations, groceries, the card's annual fee and eligible charities.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each) for gas stations, groceries and the card's annual fee; Points are worth 50% more (1.5 cents each) for eligible charities.
  • End date: Sept. 30, 2023 for most redemptions; Dec. 31, 2023 for eligible charities.

Chase Sapphire Preferred

Chase Sapphire Preferred® Card

On Chase's secure site
  • Rewards

    Enjoy benefits such as 5x on travel purchased through Chase Ultimate Rewards®, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Ultimate Rewards Hotel Credit, plus more.

  • Welcome bonus

    Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.49% - 28.49% variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

  • Terms apply.

 

  • Eligible categories: Gas stations, groceries and contributions made to eligible charities.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each) for charities and one cent each for gas stations and groceries (which is the standard cashback rate).
  • End date: Sept. 30, 2023 for most redemptions; Dec. 31, 2023 for eligible charities.

Chase Freedom Flex, Freedom Unlimited and Freedom

Chase Freedom Flex℠

  • Rewards

    5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through the Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), 1% cash back on all other purchases

  • Welcome bonus

    Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening. Plus, earn 5% cash back on combined gas station and grocery store purchases (excluding Target and Walmart) on up to $12,000 spent in the first year.

  • Annual fee

    $0

  • Intro APR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    20.49% - 29.24% variable

  • Balance transfer fee

    Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

  • Member FDIC. Terms apply. Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Chase Freedom Unlimited®

On Chase's secure site
  • Rewards

    Enjoy 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 6.5% cash back on travel purchased through Chase Ultimate Rewards®, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on Chase travel purchased through Ultimate Rewards®, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.

  • Welcome bonus

    INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!

  • Annual fee

    $0

  • Intro APR

    0% for the first 15 months from account opening on purchases and balance transfers

  • Regular APR

    20.49% - 29.24% variable

  • Balance transfer fee

    Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.

  • Foreign transaction fee

    3%

  • Credit needed

    Excellent/Good

  • Member FDIC. Terms apply.

  • Eligible purchases: Contributions made to eligible charities.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).
  • End date: Dec. 31, 2023.

Don't miss: Chase Freedom 5% cash back categories: 2023 calendar

Chase Ink Business Preferred, Ink Business Cash, Ink Business Unlimited and Ink Business Premier

Ink Business Preferred® Credit Card

On Chase's secure site
  • Rewards

    Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases

  • Welcome bonus

    Earn 100k bonus points after you spend $8,000 on purchases in the first 3 months from account opening. That's $1,000 cash back or $1,250 toward travel when redeemed through Chase TravelSM

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.24% - 26.24% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Good/Excellent

  • Terms apply.

  • Eligible purchases: Contributions made to eligible charities.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).
  • End date: Through Dec. 31, 2023.

Ink Business Cash® Credit Card

On Chase's secure site
  • Rewards

    Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%); 1% cash back on all other purchases

  • Welcome bonus

    Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening

  • Annual fee

    $0

  • Intro APR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

    18.49% - 24.49% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

Terms apply.

Ink Business Unlimited® Credit Card

On Chase's secure site
  • Rewards

    Earn 1.5% cash back on every purchase made for your business

  • Welcome bonus

    Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening

  • Annual fee

    $0

  • Intro APR

    0% for the first 12 months from account opening on purchases; N/A for balance transfers

  • Regular APR

    18.49% - 24.49% variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    3%

  • Credit needed

    Good/Excellent

Terms apply.

Ink Business Premier℠ Credit Card

On Chase's secure site
  • Rewards

    Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.

  • Welcome bonus

    Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.

  • Annual fee

    $195

  • Intro APR

    None

  • Regular APR

    Flex for Business Variable APR: 19.49% - 27.49%

  • Balance transfer fee

    N/A

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Member FDIC. Terms apply.

Aeroplan Credit Card

  • Eligible purchases: Travel purchases
  • Extra value on Pay Yourself Back redemptions: Points are worth 1.25 cents each
  • End date: June 30, 2024

Aeroplan® Credit Card

On Chase's secure site
  • Rewards

    Earn 3X points for each dollar spent at grocery stores, on dining at restaurants and Air Canada directly; 1X points for each dollar spent on all other purchases; 500 bonus points for every $2,000 you spend in a calendar month (up to 1,500 points per month).

  • Welcome bonus

    Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    21.74% - 28.74% Variable

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Terms apply. Member FDIC.

Southwest credit cards

  • Eligible purchases: Annual fee and up to $300 in dining purchases
  • Extra value on Pay Yourself Back redemptions: Points are worth 0.8 cents each
  • End date: Sept. 30, 2023

United Airlines credit cards

United℠ Explorer Card

On Chase's secured site
  • Rewards

    2 miles per $1 spent on United purchases; 2 miles per $1 spent on dining, eligible delivery services and hotel stays; 1 mile earned on every $1 spent on all other purchases

  • Welcome bonus

    Earn 60,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.

  • Annual fee

    $0 intro annual fee for the first year, then $95

  • Intro APR

    None

  • Regular APR

    21.99% - 28.99% Variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fees

    None

  • Credit needed

    Excellent/Good

Member FDIC. Terms apply.

 

United Quest℠ Card

On Chase's secured site
  • Rewards

    Earn 3x miles on United® purchases, 2x miles on dining including eligible delivery services, select streaming services and all other travel, 1x on all other purchases

  • Welcome bonus

    Earn 70,000 bonus miles and 500 Premier qualifying points after you spend $4,000 on purchases in the first 3 months your account is open.

  • Annual fee

    $250

  • Intro APR

    N/A for purchases and balance transfers

  • Regular APR

    21.99% - 28.99% Variable on purchases and balance transfers

  • Balance transfer fee

    Either $5 or 5% of the amount of each transfer, whichever is greater

  • Foreign transaction fee

    None

  • Credit needed

    Excellent/Good

Member FDIC. Terms apply.

Chase Pay Yourself Back eligible charities

There are over a dozen charities eligible for the Pay Yourself Back bonus, including:

  • American Red Cross
  • Equal Justice Initiative
  • Feeding America
  • GLSEN
  • Habitat for Humanity
  • International Medical Corps
  • International Rescue Committee
  • Leadership Conference Education Fund
  • NAACP Legal Defense and Education Fund
  • National Urban League
  • Out & Equal Workplace Advocates
  • SAGE
  • Thurgood Marshall College Fund
  • United Negro College Fund
  • UNICEF USA
  • United Way
  • World Central Kitchen
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Bottom line

Pay Yourself Back is an easy way for consumer and business Chase cardholders to get more value from their rewards. You can use Pay Yourself Back to redeem points for eligible purchases made in the past 90 days. Learn how Chase classifies purchases for bonus rewards and check out our step-by-step guide on how to use Pay Yourself Back.

Catch up on CNBC Select's in-depth coverage of credit cardsbanking and money, and follow us on TikTokFacebookInstagram and Twitter to stay up to date.

Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.

Editorial Note: Opinions, analyses, reviews or recommendations expressed in this article are those of the Select editorial staff’s alone, and have not been reviewed, approved or otherwise endorsed by any third party.
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