Aug 12, 2020, 3:23 pm
Last edit by: blueman2
Chase Pay Yourself Back Feature
Pay Yourself Back Rotating Category "Extra bonus boost when using UR points for payment" option
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Currently, the categories for pay yourself back are: grocery stores and dining at restaurants (including takeout & eligible delivery services), home improvement stores and select charitable organizations. Redeem for purchases in these categories made with your Chase card with Ultimate Rewards.
After each purchase posts, you have 90 days to pay yourself back.
+50% MORE POINTS VALUE
You'll get 50% more value from your points when you pay yourself back for eligible purchases listed below.
How does Pay Yourself Back work?
Step icon one
HOW DO I PAY MYSELF BACK?
First select one or more recent eligible purchases listed and hit "Continue" to go to the next step. Then apply some or all of your available Ultimate Rewards points to each transaction you selected and hit "Confirm & Submit" to redeem your points for a statement credit.
Step icon two
HOW DO I APPLY MY POINTS TO SELECTED PURCHASES?
Enter a dollar amount for each transaction, up to the original purchase amount, based on your available Ultimate Rewards points balance. Or select "Apply Full Amount" and we'll apply your available points up to the full cost of each eligible purchase.
Step icon three
WHEN WILL I RECEIVE MY STATEMENT CREDIT?
Once you've submitted your order, it will take 2-3 days for your statement credit to appear on your account.
10/15/2020- Chase has added the Pay Yourself Back feature to the Ink Plus and Preferred Cards: https://www.chase.com/business/credit-cards/ink/inkofferscta?jp_aid_a=T_64096&jp_aid_p=chasehome_3/hero
3/10/2022 - Chase extended the PYB categories for Dining and Annual Fee until 6/30/2022 (was set to expire 3/31/2022) for CSR
9/28/2022 - Chase extended the PYB categories for Dining until 12/31/2022 (was set to expire 9/30/2022) for CSR
Pay Yourself Back Rotating Category "Extra bonus boost when using UR points for payment" option
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Currently, the categories for pay yourself back are: grocery stores and dining at restaurants (including takeout & eligible delivery services), home improvement stores and select charitable organizations. Redeem for purchases in these categories made with your Chase card with Ultimate Rewards.
After each purchase posts, you have 90 days to pay yourself back.
+50% MORE POINTS VALUE
You'll get 50% more value from your points when you pay yourself back for eligible purchases listed below.
How does Pay Yourself Back work?
Step icon one
HOW DO I PAY MYSELF BACK?
First select one or more recent eligible purchases listed and hit "Continue" to go to the next step. Then apply some or all of your available Ultimate Rewards points to each transaction you selected and hit "Confirm & Submit" to redeem your points for a statement credit.
Step icon two
HOW DO I APPLY MY POINTS TO SELECTED PURCHASES?
Enter a dollar amount for each transaction, up to the original purchase amount, based on your available Ultimate Rewards points balance. Or select "Apply Full Amount" and we'll apply your available points up to the full cost of each eligible purchase.
Step icon three
WHEN WILL I RECEIVE MY STATEMENT CREDIT?
Once you've submitted your order, it will take 2-3 days for your statement credit to appear on your account.
10/15/2020- Chase has added the Pay Yourself Back feature to the Ink Plus and Preferred Cards: https://www.chase.com/business/credit-cards/ink/inkofferscta?jp_aid_a=T_64096&jp_aid_p=chasehome_3/hero
3/10/2022 - Chase extended the PYB categories for Dining and Annual Fee until 6/30/2022 (was set to expire 3/31/2022) for CSR
9/28/2022 - Chase extended the PYB categories for Dining until 12/31/2022 (was set to expire 9/30/2022) for CSR
Pay Yourself Back - Sapphire Reserve & Preferred, INK Preferred & Plus (2020-2023)
Jun 1, 2020, 1:07 am
#16
Join Date: Nov 2013
Posts: 191
So you get credit card statement credit? Not cash deposit into checking/savings?
Jun 1, 2020, 1:22 am
#17
Join Date: Jan 2019
Location: Seattle
Programs: Delta PM, Alaska MVP, AMEX Plat (MR), AMEX Delta Platinum
Posts: 56
You can request Chase to send you the credit since it's your money - I have done this with other credit cards in the past.
In any case a statement credit is the same as cash.
Jun 1, 2020, 6:28 am
#19
Join Date: Apr 2014
Location: TYR
Programs: AA ExP, Marriott Gold, HH Gold
Posts: 48
Jun 1, 2020, 6:34 pm
#20
Join Date: Mar 2008
Posts: 661
so let be clarify - I can use my Chase Sapphire Reserve to get 5X points even on Gift Cards bought at the Grocery store? Do the gift cards have to be of a certain type - i.e. gift cards for that store itself? I am guessing no since the only information that shows up on the bill is that it is under the category of "Grocery stores".
Now, for the question I would also want to know - I have about 50,000 UR points, if I buy $1500 worth of gift cards at my Grocery store, I get 7500 worth of points and I can erase $112.5 worth of purchases so that represents a cashback of 7.5%? And the 7500 worth of points isn't clawed back when I use them to erase the original purchase correct?
In addition I also have a Chase Freedom that has a 5X groceries categories that has been active for Q2 (April, May, June). Is the $1500 limit across all Ultimate Rewards cards per user or is it individual per card?
Now, for the question I would also want to know - I have about 50,000 UR points, if I buy $1500 worth of gift cards at my Grocery store, I get 7500 worth of points and I can erase $112.5 worth of purchases so that represents a cashback of 7.5%? And the 7500 worth of points isn't clawed back when I use them to erase the original purchase correct?
In addition I also have a Chase Freedom that has a 5X groceries categories that has been active for Q2 (April, May, June). Is the $1500 limit across all Ultimate Rewards cards per user or is it individual per card?
Last edited by k374; Jun 1, 2020 at 6:44 pm
Jun 1, 2020, 7:17 pm
#21
Join Date: Feb 2013
Programs: Hilton Plastic, Delta Silver Emeritus
Posts: 1,037
so let be clarify - I can use my Chase Sapphire Reserve to get 5X points even on Gift Cards bought at the Grocery store? Do the gift cards have to be of a certain type - i.e. gift cards for that store itself? I am guessing no since the only information that shows up on the bill is that it is under the category of "Grocery stores".
Now, for the question I would also want to know - I have about 50,000 UR points, if I buy $1500 worth of gift cards at my Grocery store, I get 7500 worth of points and I can erase $112.5 worth of purchases so that represents a cashback of 7.5%? And the 7500 worth of points isn't clawed back when I use them to erase the original purchase correct?
In addition I also have a Chase Freedom that has a 5X groceries categories that has been active for Q2 (April, May, June). Is the $1500 limit across all Ultimate Rewards cards per user or is it individual per card?
Now, for the question I would also want to know - I have about 50,000 UR points, if I buy $1500 worth of gift cards at my Grocery store, I get 7500 worth of points and I can erase $112.5 worth of purchases so that represents a cashback of 7.5%? And the 7500 worth of points isn't clawed back when I use them to erase the original purchase correct?
In addition I also have a Chase Freedom that has a 5X groceries categories that has been active for Q2 (April, May, June). Is the $1500 limit across all Ultimate Rewards cards per user or is it individual per card?
Jun 1, 2020, 8:25 pm
#22
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,673
so let be clarify - I can use my Chase Sapphire Reserve to get 5X points even on Gift Cards bought at the Grocery store? Do the gift cards have to be of a certain type - i.e. gift cards for that store itself? I am guessing no since the only information that shows up on the bill is that it is under the category of "Grocery stores".
Jun 2, 2020, 11:32 am
#23
Join Date: Mar 2008
Posts: 661
I don't think it is gaming at all, any purchase at a grocery store is just that - according to the terms - "purchases made at a grocery store". The terms did not say one needs to buy actual groceries that are "edible". Grocery stores sell all sorts of stuff including medicines and household supplies which are technically not "groceries".
Jun 2, 2020, 12:08 pm
#24
Join Date: Jan 2017
Posts: 805
I’d think you should be fine buying gift cards at a ‘normal’ rate but if you start spending $30k at the grocery store each month they might get suspicious.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Jun 2, 2020, 12:21 pm
#25
FlyerTalk Evangelist
Join Date: Dec 2006
Location: Pacific Northwest
Programs: UA Gold 1MM, AS 75k, AA Plat, Bonvoyed Gold, Honors Dia, Hyatt Explorer, IHG Plat, ...
Posts: 16,838
I’d think you should be fine buying gift cards at a ‘normal’ rate but if you start spending $30k at the grocery store each month they might get suspicious.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Jun 2, 2020, 1:13 pm
#26
Join Date: Aug 2014
Posts: 1,303
I’d think you should be fine buying gift cards at a ‘normal’ rate but if you start spending $30k at the grocery store each month they might get suspicious.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Yes, you’d still earn points on the purchase and then be able to use those points as a statement credit. Essentially a 7.5% discount.
Jun 2, 2020, 2:14 pm
#27
Join Date: Mar 2011
Location: SAN
Programs: Delta Gold. Hilton Diamond. Hyatt Explorist.
Posts: 1,673
I don't think it is gaming at all, any purchase at a grocery store is just that - according to the terms - "purchases made at a grocery store". The terms did not say one needs to buy actual groceries that are "edible". Grocery stores sell all sorts of stuff including medicines and household supplies which are technically not "groceries".
Jun 3, 2020, 6:12 am
#28
Join Date: Jul 2002
Location: Virginia, USA
Posts: 4,508
I doubt Chase is worried about people "gaming" a sort term, limited promo like this. Not many people are going to bother with putting on a mask to go into a crowded grocery store to buy a fist full of gift cards.
Jun 3, 2020, 7:51 am
#29
Join Date: Sep 2015
Location: flyover country
Posts: 2,435
I don't see the thought progression. Most people will probably need to go to a grocery store during this short term, limited promo, and as long as they are there, they might buy a fist full of gift cards. Maybe Chase isn't concerned about gaming for this promo, but lack of opportunity is not likely to be the reason for a lack of concern.
Jun 3, 2020, 8:55 am
#30
Join Date: Aug 2014
Posts: 1,303
Things are the same until they aren't. With what we've seen the last decade we would collectively need to say the probability of problems with a couple thousand at grocery stores during covid would be low and have to be considered a dramatic crackdown as compared to what they've allowed with various products in the past with amounts exponentially higher. Now, that being said, the guy doing $80k a month with GCM and cycling his credit limit is certainly going to get shutdown as there is plenty of evidence and data points to suggest that. Minding your own business and playing with the limits they set and staying far away from the line is certainly not fail proof, but it helps one's odds.