How to use Chase Pay Yourself Back

Guides1 year ago
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The Chase Pay Yourself Back Scheme was launched back in 2020. This points redemption scheme allows Chase Card Members to redeem Ultimate Rewards points when they purchase from certain companies and make donations to charities.

The Chase Credit Card Offer categories for eligible purchases have changed since the beginning of the scheme, with grocery and home improvement purchases being removed and dining and Airbnb being introduced as eligible. In July 2022, we are likely to see an announcement of different eligible purchase categories being introduced.

The Pay Yourself Back option enables some Chase cardholders to gain points they can use at a redemption value that is similar to that they use to book travel. You will not be able to reach your Chase Card Reward Points maximum values, but this is still an easy and convenient way to redeem and earn points.

Chase Sapphire Reserve®

Experienced Users

Intro offer

60,000 Points

Annual Fee


Recommended Credit


60,000 Points

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What is Chase Pay Yourself Back?

The Chase Pay Yourself Back scheme allows Chase cardholders to redeem points accumulated during purchases with participating companies, and organizations. You can also earn points when making donations to certain charities. Card members can then redeem these points against Ultimate Rewards Travel on eligible purchases. The number of points you gain with a purchase and how you can spend it depends upon the type of Chase card you use.


Is Pay Yourself Back worth it?

Whether Chase's Pay Yourself Back Scheme is worth it depends upon how you plan to use your Chase Card Reward points.

If you are planning to redeem your points from a Chase Sapphire Preferred® Card through the Chase Travel Portal at a value of 1.25 cents per point, you will also be able to enjoy pretty much the same redemption rate when you make purchases with partners.

But if you have been able to get a better value redemption rate through redeeming your reward points through purchases with the airline and hotel partners of Chase, then using Pay Yourself Back to redeem your points doesn't hold much value for you.


Which companies and organizations can you earn Chase Pay Yourself Back from during purchases?

The Chase card purchases you can use to gain Pay Yourself Back points are constantly evolving with Chase introducing and removing categories. As of June 2022, these were the categories you could collect Pay Yourself Back points on.


Chase Credit cards Accounts and How You Can Earn Pay Yourself Back Points

Chase Sapphire Reserve® at 1.5 cents per point when redeemed toward Ultimate Rewards travel (around 2 cents on average through the right transfer partner)

  • Airbnb
  • Dining
  • Annual Memberships


Chase Sapphire Preferred® Card, Eligible Freedom Cards, Ink Business Preferred® Credit Card at 1.25 cents per point when redeemed toward Ultimate Rewards travel and around 2.0 cents on average through the right transfer partner

  • Airbnb and eligible charities
  • Eligible charities
  • Internet, cable, and phone services; and eligible charities


Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card at 1.25 cents per point when redeemed toward Ultimate Rewards travel and around 2.0 cents on average through the right transfer partner

  • Internet, cable, and phone services
  • Eligible charities


What charitable donations can you earn Chase pay Yourself Back points on?

There are a wide variety of participating charities where you will be able to earn points on your donations to redeem against your Chase Credit Cards Accounts Ultimate Rewards. Some of these include:

  • Habitat for Humanity
  • American Red Cross
  • World Central Kitchen
  • International Medical Corps
  • United Negro College Fund

When you make donations to these and other charities using your Chase card, you will also be earning points for an Ultimate Reward. When arranging these donations, you will only receive reward points if you donate to the parent companies, not local offices.


How to Decide if the Chase Pay Yourself Back Scheme is Right for You

If you are considering using your Chase Card Reward points through the Chase Pay Yourself scheme you should first research whether you get more value for your points through a different redemption scheme.

If you hold a Freedom or Ink Card, the value of your points redemption is usually 1 cent per point, so if you use the Pay Yourself Back Scheme, you will be able to enjoy an increase of 1.25 cents per point.

However, if you hold a Sapphire card, you may find that your Ultimate Rewards points hold more value when you choose to spend them on purchases from Chase's transfer partners. If so, using the Chase Credit Card Offer won't make much sense for you.


What is the Value of Chase Ultimate Reward Points with Chase's Transfer Partners?

The value of Chase's Ultimate Reward points varies from partner to partner. For example:

  • Southwest – 1.3-1.5 cents value per point.
  • JetBlue TrueBlue – 1.3 cents value per point.
  • Air Canada Aeroplan Miles – 1.9 cents value per point.
  • World of Hyatt – 1.9 cents

Other Chase partners have lower redemption rates such as 0.7 cents with Marriott Bonvoy points. So, whether or not your points will hold more value with the Pay Yourself Back scheme will depend upon where you plan to spend them.


How To Sign Up For Pay Yourself Back

To get started with the Pay Yourself Back Scheme, you can head to the Pay Yourself Back Log In Page and click the login link on this page. Once you log in, you can choose which Chase card or cards you wish to include in the scheme. You will then be able to select which eligible purchases you want to use towards the scheme. You can choose to redeem either one transaction or several at a time.


Summary – How to Use Chase Pay Yourself Back

Pay Yourself Back is a helpful and convenient Chase Credit Card Offer enabling Chase card users to accumulate and redeem Ultimate Reward points when they are not traveling. Whether or not you will get more value out of the Pay Yourself Back Scheme will depend upon the type of Chase credit cards accounts you have, and which partner you want to spend your Ultimate Reward points with.

The purchase categories and eligible companies and charities within this scheme are constantly changing, so you will need to keep a check on these developments as they are announced. A new announcement for eligible purchase categories is expected from Chase in July 2022. Make sure you keep informed as to which purchases are eligible for which card to make sure you get the most out of the scheme.

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