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)
Aug 26, 2020, 11:25 am
#106
FlyerTalk Evangelist
Join Date: Sep 2006
Location: Toledo, OH
Programs: Delta DM & MM, Hilton DM, Marriott gold, Hyatt Globalist, Alaska 75K, Wyndham Diamond,
Posts: 15,399
I'm thinking of using the credit for new appliances from my CSR card at Lowe's. I have over a half million points on my CSR card and was going to use it for a nice trip but seeing travel isn't in the foreseable future and I have millions of Delta miles and Hilton points to use, the 1.5 redemptioin rate at home improvement stores might be a good deal.
Aug 28, 2020, 10:11 am
#107
Join Date: Jan 2003
Posts: 3,786
I'm thinking of using the credit for new appliances from my CSR card at Lowe's. I have over a half million points on my CSR card and was going to use it for a nice trip but seeing travel isn't in the foreseable future and I have millions of Delta miles and Hilton points to use, the 1.5 redemptioin rate at home improvement stores might be a good deal.
Aug 29, 2020, 4:43 pm
#108
Join Date: Aug 2012
Location: SEA
Programs: Bonvoy Gold
Posts: 1,947
I'm thinking of using the credit for new appliances from my CSR card at Lowe's. I have over a half million points on my CSR card and was going to use it for a nice trip but seeing travel isn't in the foreseable future and I have millions of Delta miles and Hilton points to use, the 1.5 redemptioin rate at home improvement stores might be a good deal.
Last edited by EkekoBWI; Aug 29, 2020 at 4:52 pm Reason: grammar
Sep 18, 2020, 1:40 pm
#109
Join Date: May 2011
Posts: 44
I've seen it reported by other sites that Chase would be extending the program in some form but when I am in my Ultimate Rewards account it still shows that the program ends on 9/30.
I would think if Chase was extending the program and changing it in any form they would have announced by now.
Sep 18, 2020, 5:28 pm
#110
Join Date: Aug 2016
Posts: 58
I can't remember where I've seen it, but I thought I had seen that the Pay Yourself Program would continue, but the enhanced 1.5x (CSR) or 1.25x (CSP) redemption values would end on 9/30.
Sep 18, 2020, 7:12 pm
#111
Moderator
Join Date: Jun 2003
Location: Miami, Mpls & London
Programs: AA & Marriott Perpetual Platinum; DL & HH Gold
Posts: 48,959
How would that be different from redeeming points for cash at $0.01, which has always been possible?
Sep 19, 2020, 3:34 am
#113
Join Date: Jul 2000
Location: Manhattan NV
Programs: Hilton LTD, Hyatt Glob, Marriott LTTE, AA LTP, Avis PC, National EE, Seabourn DE
Posts: 3,030
Used PYB today. When you do the final box check, it shows how many days you have to use this feature. I think 60 days was highest number. So that puts the program into November.
Sep 19, 2020, 4:04 am
#114
Moderator: Hyatt; FlyerTalk Evangelist
Join Date: Jun 2015
Location: WAS
Programs: :rolleyes:, DL DM, Mlife Plat, Caesars Diam, Marriott Tit, UA Gold, Hyatt Glob, invol FT beta tester
Posts: 18,947
I suspect what you're seeing refers to the limitation that you can use PYB on transactions that are up to 90 days old. i.e. this is how far back you can go with PYB, not an indication of when the program will end.
Sep 19, 2020, 9:16 am
#115
Join Date: Jul 2000
Location: Manhattan NV
Programs: Hilton LTD, Hyatt Glob, Marriott LTTE, AA LTP, Avis PC, National EE, Seabourn DE
Posts: 3,030
You are correct.
Sep 19, 2020, 9:25 am
#116
FlyerTalk Evangelist
Join Date: Jul 2003
Location: Florida
Posts: 29,767
For those still have planned transactions to take advantage of PYB - keep in mind the last redemption date is Sept 30. Also keep in mind that it often takes 2, sometimes 3 days for Chase to POST the transaction. If an eligible transaction made on Sept 28 but not posted on Sept 30, I seriously doubt you could redeem it when it posts AFTER Sept 30.
Sep 19, 2020, 9:41 am
#117
FlyerTalk Evangelist
Join Date: Sep 2006
Location: Toledo, OH
Programs: Delta DM & MM, Hilton DM, Marriott gold, Hyatt Globalist, Alaska 75K, Wyndham Diamond,
Posts: 15,399
For those still have planned transactions to take advantage of PYB - keep in mind the last redemption date is Sept 30. Also keep in mind that it often takes 2, sometimes 3 days for Chase to POST the transaction. If an eligible transaction made on Sept 28 but not posted on Sept 30, I seriously doubt you could redeem it when it posts AFTER Sept 30.
Hopefully they keep this up through Covid and add new categories every quarter.
Sep 20, 2020, 9:22 am
#118
Join Date: Apr 2011
Programs: Marriott Ambassador, AA ExecPlat, Amtrak Select Exec, former WN apologist
Posts: 1,429
It's not, which is what leads me to believe the Chase will periodically run promos for enhanced PYB at more than 1x. Unless they are counting on people forgetting that money is fungible and seeing 1x PYB as some kind of "benefit". Now how often will the promos be, what will be the multipliers, what will be the categories? One can only speculate.
Sep 20, 2020, 6:17 pm
#119
Join Date: Jan 2003
Location: New York, NY, USA
Programs: UA 1K - 2.1MM, HH LT Diamond, IHG Diamond, Bonvoy LT Titanium, Hyatt Glob
Posts: 766
Looks like there was an update where some additional food merchants that didn’t appear before now show for credit, such as food gift shops, farmers markets, etc.
Sep 21, 2020, 9:35 am
#120
Join Date: May 2011
Posts: 44
I think I'll plan to redeem everything I can at the $.015 rate by September 30th just because there's really no evidence it will extend beyond that for any category at this point and it's not worth it to me redeeming at $.01 per point.