Chase extends Pay Yourself Back to Ink and Freedom cards, adds charitable donation option


Chase is opening the Pay Yourself Back tool to Ink and Freedom cardmembers, as well as extending the feature for Sapphire cardmembers.

Now, anyone owning an eligible Chase Ultimate Rewards point-earning credit card can use the Pay Yourself Back tool to redeem points toward donations made to eligible charities for a 25 to 50 percent point value-boost.

“The initial response to Pay Yourself Back on Sapphire has been overwhelmingly positive,” said Matt Massaua, head of Ultimate Rewards and loyalty solutions at Chase, in a news release. “We’re expanding Pay Yourself Back to other cards and giving our cardmembers more flexibility to choose how and when they use their points.”

What is Pay Yourself Back?

With Chase’s Pay Yourself Back tool, you can redeem your rewards toward past purchases with a percentage boost (typically 25 to 50 percent) to the value of your points. The tool was originally announced in May 2020 and was set to expire Sept. 30, 2020, but the offer has since lengthened for Sapphire cardmembers and expanded to additional Chase cards.

To utilize the Pay Yourself Back tool, select a transaction made up to 90 days in the past. Then, redeem your points toward all or a portion of your purchase transaction and receive a statement credit.

Chase credit cards that offer the Pay Yourself Back tool:
Chase Freedom FlexSM
Chase Freedom Unlimited®
Chase Freedom® (not open for applications)
Chase Sapphire Preferred® Card
Chase Sapphire Reserve®
Ink Business Preferred® Credit Card
Ink Plus® Business Card (not open for applications)
Eligible charities with Pay Yourself Back
American Red Cross
Equal Justice Initiative
Feeding America
Habitat for Humanity
International Medical Corporation
Leadership Education Fund
NAACP Legal Defense and Education Fund
National Urban League
Thurgood Marshall College Fund
United Negro College Fund
United WayWorld Central Kitchen

Now, here’s a look at the Pay Yourself Back updates, broken down by card grouping:

Sapphire Preferred and Sapphire Reserve

Offer timeline: Now through April 30, 2021

Chase Sapphire Preferred and Sapphire Reserve cardmembers can continue redeeming points toward past grocery, dining (including delivery and takeout) and home improvement store purchases for added point value, as well as donations made to eligible charities. Sapphire Preferred card members receive a 25 percent boost and Reserve cardmembers receive a 50 percent boost.

The ability to redeem toward donations made to eligible charities, in particular, begins Oct. 1, 2020.

Ink Business Preferred and Ink Business Plus

Offer timeline: Oct. 1 through December 31, 2020

Owners of either of these Chase business credit cards get a 25 percent boost to their points when redeeming toward select online advertising and shipping expenses and donations to eligible charities.

Freedom, Freedom Flex and Freedom Unlimited, as well as other eligible Ultimate Rewards credit cards

Offer timeline: Oct. 1, 2020, and onward

Starting Oct. 1, 2020, eligible Ultimate Rewards credit cardmembers—including Chase Freedom, Freedom Flex and Freedom Unlimited cardmembers—can redeem donations made to eligible charities for a 25 percent boost to their points.

Should you redeem your points with Pay Yourself Back?

Given that utilizing Pay Yourself Back gets you 25 to 50 percent more value for your points, you’d be hard-pressed to find a downside to doing so—especially seeing as travel is limited, and redeeming toward travel purchases is typically the most lucrative use for Ultimate Rewards points.

For more information on Ultimate Rewards points, including which Chase credit cards earn them, how much they’re worth, tips for maximizing and how to transfer your points to travel partners, consider reading Bankrate’s Chase Ultimate Rewards guide.

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