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News: Chase Pay Yourself Back: Is It Worth It? - Credit-Land.com

Pay Yourself Back is a useful benefit available to select Chase cardholders. This benefit allows eligible cardholders to exchange Chase Ultimate Rewards® for statement credits on certain purchase categories.

Typically, these cardholders can redeem Ultimate Rewards® points for a statement credit at a rate of one cent per point. But through Pay Yourself Back you can redeem Chase Ultimate Rewards® points to offset eligible purchases at an elevated rate.

In short, Pay Yourself Back allows cardholders to redeem their rewards at a value similar to booking travel. This is a good choice if you are looking for simple redemption options or have a pile of points you cannot immediately use.

The Pay Yourself Back benefit is also currently available with a few co-branded cards with an option to redeem points or miles for certain purchases.

Eligible credit cards and current categories eligible for Pay Yourself Back:

  • Chase Sapphire Reserve®*: qualifying charities (1.5 cents per point); grocery stores, pet supply stores, veterinary services and cardholder annual fee (1.25 cents per point). Ends June 30.
  • Chase Sapphire Preferred® Card*: qualifying charities (1.25 cents per point); pet supply stores, veterinary services and cardholder annual fee (1.1 cents per point). Ends June 30.
  • Chase Freedom Flex®*, Chase Freedom Unlimited®, Chase Freedom*, Chase Sapphire Reserve for Business℠*, Ink Business Cash® Credit Card*, Ink Business Preferred® Credit Card, Ink Business Premier® Credit Card*, Ink Business Unlimited® Credit Card: qualifying charities (1.25 cents per point). Ends June 30.
  • Aeroplan® Card*: travel purchases (up to 200,000 points or $2,500 annually) and cardholder annual fee (only purchases made at select merchants within 90 days before the redemption request date are eligible) (1.25 cents per point); dining at restaurants, gas stations, grocery stores (excluding Target, Walmart and wholesale clubs) (0.8 cents per point). Persistent categories for 2026.
  • United Airlines credit cards: cardholder annual fee (1.35 to 1.5 cents per mile); United airfare purchases made directly with the airline of at least $50 (1 cent per mile). Ongoing benefit.
  • Southwest Airlines credit cards: Cardholder annual fee within 90 days of transaction date. Ongoing benefit.
  • Marriott Bonvoy Bold® Credit Card*: travel purchases made directly with airlines or Marriott Bonvoy hotels (up to $750 total per year). Ongoing benefit.
  • Disney credit cards: purchases made at select U.S. Disney locations in Disney Parks and Resorts, Disney store and outlet locations in the U.S., DisneyStore.com, DisneyPlus.com, Hulu.com and Plus.ESPN.com in the past 90 days (1 Disney Rewards Dollar per dollar). Those with the Disney® Inspire Visa® Card* or the Disney® Premier Visa® Card* can redeem Disney Rewards Dollars toward airline purchases in the past 90 days with any airline at the rate of 1 Disney Rewards Dollar per dollar. Ongoing benefit.

Requesting a credit through Chase's Pay Yourself Back is easy. You will simply need to log in to your eligible Chase account, select the Pay Yourself Back option in the redemption menu, and then choose from eligible purchases for which you can redeem points. Complete the transaction and wait for the statement credit to post to your account within three business days.

*The information for the following product(s) has been collected independently by Credit-Land.com: Chase Sapphire Reserve®, Chase Sapphire Preferred® Card, Chase Freedom Flex®, Chase Freedom, Chase Sapphire Reserve for Business℠, Ink Business Cash® Credit Card, Ink Business Premier® Credit Card, Aeroplan® Card, Marriott Bonvoy Bold® Credit Card, Disney® Inspire Visa® Card, Disney® Premier Visa® Card. The card details on this page have not been reviewed or provided by the card issuer. Product details may vary. Please see the issuer website for current information. Credit-Land.com does not receive commission for this product.

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