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)
Dec 20, 2023, 10:13 am
#586
Join Date: Aug 2023
Posts: 41
Unlike real money, those points that just sit around waiting for a better opportunity don’t earn interest. I doubt that Chase will ever bring back 1.5% PYB for categories with more than 1X spend.
If I didn't have a plan for my existing stockpile of URs, I would at least shift my ongoing spend to something that earns me a currency better aligned with my needs. URs are only valuable if you actually use them
If I didn't have a plan for my existing stockpile of URs, I would at least shift my ongoing spend to something that earns me a currency better aligned with my needs. URs are only valuable if you actually use them
Dec 24, 2023, 5:56 am
#587
Join Date: May 2019
Location: RTW
Programs: Delta PM, AA PlatPro
Posts: 406
Any inside info on PYB categories for Q1 2024?
Fingers crossed they keep grocery stores. Even at 1.25 - the wife and I saved close to $10k in 2023 with this PYB category alone.
Still swimming in URs, so, hope grocery sticks for a long time.
Fingers crossed they keep grocery stores. Even at 1.25 - the wife and I saved close to $10k in 2023 with this PYB category alone.
Still swimming in URs, so, hope grocery sticks for a long time.
Dec 24, 2023, 9:57 am
#588
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,457
Dec 30, 2023, 10:34 am
#589
Join Date: May 2019
Location: RTW
Programs: Delta PM, AA PlatPro
Posts: 406
^^^
I use PYB as a personal 'out of pocket' reducer. That's it.
I earn a couple million Chase UR points a year from business spend.
I just use PYB to save the $9-10k a year I would normally spend on groceries.
Selfishly, I hope the category stays for a while
Or, if they replaced it with restaurants, that's also nice.
I use PYB as a personal 'out of pocket' reducer. That's it.
I earn a couple million Chase UR points a year from business spend.
I just use PYB to save the $9-10k a year I would normally spend on groceries.
Selfishly, I hope the category stays for a while
Or, if they replaced it with restaurants, that's also nice.
Dec 30, 2023, 10:57 am
#590
Join Date: Aug 2023
Posts: 41
^^^
I use PYB as a personal 'out of pocket' reducer. That's it.
I earn a couple million Chase UR points a year from business spend.
I just use PYB to save the $9-10k a year I would normally spend on groceries.
Selfishly, I hope the category stays for a while
Or, if they replaced it with restaurants, that's also nice.
I use PYB as a personal 'out of pocket' reducer. That's it.
I earn a couple million Chase UR points a year from business spend.
I just use PYB to save the $9-10k a year I would normally spend on groceries.
Selfishly, I hope the category stays for a while
Or, if they replaced it with restaurants, that's also nice.
Dec 30, 2023, 8:44 pm
#591
Join Date: Nov 2007
Programs: Marriott Bonvoy Platinum, Hilton Honors Diamond, Delta Gold
Posts: 4,351
Dec 31, 2023, 12:25 pm
#592
Join Date: Aug 2012
Location: SEA
Programs: Bonvoy Gold
Posts: 1,947
I figure charities will never go above a 50% bonus, so I just PYD'ed. For anyone else contemplating a similar decision, Chase's confirmation message indicated the 1.5x 2023 rate is locked in, even if the transaction isn't processed till 2024.
Dec 31, 2023, 1:36 pm
#593
Join Date: Nov 2006
Location: SFO South Bay
Programs: UA 2MM
Posts: 3,052
Dec 31, 2023, 6:21 pm
#594
Join Date: Nov 2007
Programs: Marriott Bonvoy Platinum, Hilton Honors Diamond, Delta Gold
Posts: 4,351
Jan 20, 2024, 10:30 pm
#595
Moderator: Chase Ultimate Rewards
Join Date: Apr 2005
Location: SFO
Programs: UA 2P, MR LT Plat, IHG Plat, BW Dia, HH Au, Avis PC
Posts: 5,457
Discussion continues here: https://www.flyertalk.com/forum/chas...us-2024-a.html