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Credit Cards

Chase expands Pay Yourself Back feature to more cards and new categories

Chase expands Pay Yourself Back program to Freedom credit cards, plus extends timeline for Sapphire cardholders. Here's how to maximize 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.

Chase consumers with cards that earn Chase Ultimate Rewards®, like the Chase Freedom Flex℠, can now benefit from Pay Yourself Back redemptions. This feature allows you to redeem points for statement credits on eligible purchases, potentially with 25% to 50% more value depending on the card you have.

Pay Yourself Back originally launched in May 2020 amid the pandemic for Chase Sapphire Preferred® Card and Chase Sapphire Reserve® Card members and was expected to end on Sept. 30, 2020, and then was extended to April 30, 2021. However, Chase has continued to extend the availability of this tool for the Sapphire cards through December 2022, and there is no end date announced for Freedom cardholders.

Here are the eligible cards:

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

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Sapphire Preferred

  • When you can use Pay Yourself Back: Now through December 31, 2022.
  • Eligible categories: Airbnb and Away (through awaytravel.com 6/30/22) and select charities (12/31/22)
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).

Chase Sapphire Preferred® Card

On Chase’s secure site
  • Rewards

    $50 annual Ultimate Rewards Hotel Credit, 5X points on travel purchased through Chase Ultimate Rewards®, 3X points on dining, 2X points on all other travel purchases, and 1X points on all other purchases

  • 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

    18.99% - 25.99% 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

Terms apply.

 

Sapphire Reserve 

  • When you can use Pay Yourself Back: Now through December 31, 2022.
  • Eligible categories: Airbnb and Away (through awaytravel.com), dining at restaurants (including takeout and eligible delivery services) through 6/30/22 and select charities 12/31/22
  • Extra value on Pay Yourself Back redemptions: Points are worth 50% more (1.5 cents each).

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

    20.74% - 27.74% variable

  • Balance transfer fee

    5%, minimum $5

  • Foreign transaction fee

    None

  • Credit needed

    Excellent

Terms apply.

 

Freedom Flex, Freedom Unlimited and Freedom

  • When you can use Pay Yourself Back: Now through December 31, 2022.
  • Eligible purchases: Contributions made to a dozen eligible charities.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).

Chase Freedom Flex℠

On Chase's secure site
  • 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

    $200 cash back after you spend $500 on purchases in your first three months from account opening

  • Annual fee

    $0

  • Intro APR

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

  • Regular APR

    17.99% - 26.74% 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

Terms apply.

Chase Freedom Unlimited®

On Chase's secure site
  • Rewards

    Enjoy 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; 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and 1.5% on all other purchases

  • Welcome bonus

    Earn an extra 1.5% on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back. That's 6.5% on travel purchased through Chase Ultimate Rewards®, 4.5% on dining and drugstores, and 3% on all other purchases.

  • Annual fee

    $0

  • Intro APR

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

  • Regular APR

    17.99% - 26.74% 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

Terms apply.

Ink Business Preferred

  • When you can use Pay Yourself Back: Now through June 30, 2022.
  • Eligible purchases: internet, cable and phone services and charitable contributions through.
  • Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).

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 100,000 bonus points after you spend $15,000 on purchases in the first 3 months from account opening

  • Annual fee

    $95

  • Intro APR

    None

  • Regular APR

    18.99% - 23.99% 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.

Ink Business Cash and Ink Business Unlimited

  • When you can use Pay Yourself Back: Now through June 30, 2022.
  • Eligible purchases: Internet, cable and phone services.
  • Extra value on Pay Yourself Back redemptions: Points are worth 10% more (1.1 cents each).

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 $900 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

    16.24% - 22.24% 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 $900 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

    16.24% - 22.24% 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.

A Chase spokesperson noted that eligible categories and redemption values will evolve over time. In the meantime, 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.

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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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