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Chase Pay Yourself Back: What You Need to Know

This redemption option lets certain Chase cardholders redeem points for certain spending categories.

JT Genter
Meghan Coyle
Updated
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Chase's "Pay Yourself Back" feature lets certain cardholders redeem their points for statement credit to cover recent qualifying purchases, donations to charity or even the card's annual fee.
Eligible purchases generally change each quarter and vary by card.

What is Chase Pay Yourself Back?

Pay Yourself Back is a redemption option for Chase Sapphire, Freedom and Ink cardholders. 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 — generally at an elevated rate. It’s currently also an option with a few co-branded cards, which allows you to redeem points or miles for certain purchases.
Eligible purchase categories vary depending on your Chase credit card. If you have multiple cards that earn Chase Ultimate Rewards®, note that you can transfer points between Chase accounts to take advantage of the different categories offered on different cards.
Only transactions made within the prior 90 days will qualify. You can choose to apply points toward the entire purchase cost or a portion of the transaction, depending on how many points you currently have available.
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Which Chase cards are eligible for Chase Pay Yourself Back?

The Pay Yourself Back redemption option is currently available on the following Chase credit cards:
  • Chase Sapphire Reserve®: Redeem points at a rate of 1.5 cents toward the card’s annual fee or 1.25 cents for select charities.
  • Chase Sapphire Preferred® Card, Chase Ink cards and Chase Freedom cards: Redeem points at a rate of 1.25 cents each for select charities.
  • Chase's United cards: Redeem miles toward the card's annual fee at varying rates depending on the United card you carry. Redeem miles for United purchases of $50 or more at a rate of 1 cent per mile.
  • Aeroplan® Credit Card: Redeem Aeroplan points at a rate of 1.25 cents per point for travel purchases made within the last 90 days on up to 200,000 points per year and the card’s annual fee or dining and grocery stores (excluding Target and Walmart) at a rate of 0.8 cents cents per point (ongoing, no expiration date).
  • Marriott Bonvoy Bold® Credit Card: Redeem Marriott points at a rate of 0.8 cent each for airline and Marriott hotel purchases, up to $750 per year (ongoing, no expiration date).

What charities are eligible for Pay Yourself Back?

The current list of charitable organizations eligible for Pay Yourself Back is:
  • American Heart Association
  • American Red Cross.
  • Equal Justice Initiative.
  • Feeding America.
  • GLSEN.
  • Habitat for Humanity.
  • International Medical Corps.
  • International Rescue Committee.
  • Leadership Conference Education Fund.
  • Make-A-Wish America.
  • NAACP Legal Defense and Education Fund.
  • National Urban League.
  • Out & Equal Workplace Advocates.
  • SAGE.
  • Thurgood Marshall College Fund.
  • United Negro College Fund.
  • UNICEF USA.
  • United Way.
  • World Central Kitchen.
Nerdy Perspective

How do you use Chase Ultimate Rewards® points?

Chase Ultimate Rewards® are easily my favorite rewards currency. I've transferred almost 3 million points to transfer partners in 10 years, mostly to cover nicer flights and hotels than I'd typically pay for in cash. I've received great value from my points by transferring to Hyatt for stays at swanky properties like the Park Hyatt Tokyo and the Nimb Hotel in Copenhagen, and to United Airlines and Air Canada for international flight redemptions on partner airlines.
Profile photo of Craig Joseph

Craig Joseph

Lead Travel Writer

I love Chase Ultimate Rewards® points because they’re so easy to use. Hyatt is definitely the most valuable transfer partner, but since I rarely stay at Hyatt hotels, I tend to use my points for flights. United is a great domestic option to have, but I have also found great deals on domestic flights by transferring my points to Air Canada and British Airways and booking codeshare flights on United and American Airlines, respectively.
Profile photo of Caitlin Mims

Caitlin Mims

Travel Editor

I save all of my Chase Ultimate Rewards® points to use on Hyatt redemptions. World of Hyatt has the highest value points among all of Chase Ultimate Rewards®' transfer partners by far, so instead of booking through the Chase Travel℠ portal or transferring to low-value partners, I transfer my Chase Ultimate Rewards® points to Hyatt to stay at beautiful, luxury properties like the Park Hyatt Kyoto.
Profile photo of Meghan Coyle

Meghan Coyle

Assistant Assigning Editor, Travel

How to request a statement credit

To request a Pay Yourself Back statement credit, log in to your Chase account.
File, Webpage, Text
Select “Convert to cash” from the top drop-down menu and scroll to “Pay Yourself Back.” If you don’t see the Pay Yourself Back option and have more than one Chase rewards credit card, make sure you’ve selected an eligible card.
File, Page, Text
Chase automatically generates a list of eligible purchases that were made within the last 90 days. It’s best to select the oldest transactions first so you maximize your opportunities for the statement credit.
Next, check each transaction you’d like to apply your points toward and select “Continue” at the bottom of the page.
Page, Text, File
Each purchase you select will be listed on the next page. From here, you can either use your points to cover the entire transaction, or you can use whatever you have to partially cover a purchase.
File, Page, Text
After making your selections, the page shows you the total statement credit you’ve requested, the amount of savings you’re receiving through this feature, the total points you’re redeeming and your remaining points balance.
When you’re ready to submit your request, select “Use your points.” It can take up to three business days to see the statement credit posted on the account from the time your request is submitted, and one to two billing cycles to see this credit reflected on your statement.
Note that you’ll still need to pay your regular payment up to the minimum amount due, even if the value of your Pay Yourself Back redemption is more than the amount due for the billing cycle.

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