Chase Pay Yourself Back gives you up to 50% more value when you redeem points for groceries, dining, and more — here’s how it works

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Chase Pay Yourself Back gets you more value for your points when you redeem toward select purchases.
You’ll get 50% more value with the Chase Sapphire Reserve®, and 25% more with the Chase Sapphire Preferred® Card.
Chase has extended certain Pay Yourself Back categories through September 30, 2021.
Read Insider’s guide to the best Chase credit cards.

Because of the ongoing pandemic, credit card issuers have been changing up benefits and features to meet a broader range of customer needs and to account for the fact that travel perks currently aren’t as relevant.

The Pay Yourself Back program from Chase may just be the most useful shake-up to date, and that’s especially true for people who have quite a few points to burn but aren’t ready to travel yet. This feature is especially valuable for those who have the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card, because it allows you to redeem points toward select everyday purchases at an improved rate.

Here’s what to know about Chase Pay Yourself Back to help you decide if you want to redeem your Ultimate Rewards points this way.

 Chase Pay Yourself Back: How it works

Chase Pay Yourself Back lets certain cardholders redeem rewards for a higher rate than the 1 cent per point normally offered for cash-back redemptions. The eligible categories and bonus value vary depending on the card:

Chase card
Pay Yourself Back categories
Bonus in points value

Chase Sapphire Reserve®
Grocery stores, dining, home improvement stores, eligible charities
50% (1.5 cents per point)

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Chase Sapphire Preferred® Card
Grocery stores, dining, home improvement stores, eligible charities
25% (1.25 cents per point)

Ink Business Preferred® Credit Card
Eligible charities
25% (1.25 cents per point)

Chase Freedom Flex℠
Eligible charities
25% (1.25 cents per point)

Chase Freedom Unlimited®
Eligible charities
25% (1.25 cents per point)

Ink Business Cash® Credit Card
Eligible charities
25% (1.25 cents per point)

Ink Business Unlimited® Credit Card
Eligible charities
25% (1.25 cents per point)

If you have the Chase Sapphire Reserve® or Chase Sapphire Preferred® Card, you can currently redeem your Ultimate Rewards points with bonus value toward purchases in the following categories through September 30, 2021:

Grocery stores
Dining (including restaurants, takeout, and eligible delivery services)
Home improvement stores
Eligible charity purchases

Other Chase cards, like the Ink Business Preferred® Credit Card, Chase Freedom Flex℠, and Chase Freedom Unlimited®, currently only have select charitable organizations as a Pay Yourself Back category, through December 31, 2021. Eligible charities include:


American Red Cross
Equal Justice Initiative
Feeding America
Habitat for Humanity
International Medical Corporation
Leadership …read more

Source:: Business Insider

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