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If Chase's Pay Yourself Back hasn't been on your radar in a while, it may be worth brushing up on it.
Not only does this potentially lucrative option expand to a broad list of Chase cards , but some redemption rates are eye-catching as well.
Chase offers its Pay Yourself Back benefit on some cobranded credit cards, including Southwest Airlines cards , United Airlines cards , the Aeroplanยฎ Credit Card (see rates and fees ) and the Marriott Bonvoy Boldยฎ Credit Card (see rates and fees ).
Many of these current offers are valid now through Sept. 30.
Here's everything you need to know about using Chase Pay Yourself Back.
What is Chase Pay Yourself Back?
Pay Yourself Back is a unique redemption option within Chase's Ultimate Rewards program, offering cardmembers an alternative to redeeming points for travel.
The categories have evolved over time, and it's worth checking them each quarter to see if they're a good use of your rewards.
JLCO-JULIA AMARAL/GETTY IMAGES In short, the Pay Yourself Back option allows many Chase cardholders to redeem rewards at a value similar to what they would pay when booking travel. This won't typically yield the same maximum value for your Ultimate Rewards points as strategic use of transfer partners can, but it can get pretty close.
And, it could be a good choice if you're looking for a simple redemption or have a pile of points that you cannot immediately use.
Some Chase-cobranded airline cards (and a Marriott card) are also eligible for Pay Yourself Back. The rate at which you can redeem for some categories with these cards' rewards is over the average return you'll likely get when using your rewards to book travel.
Related: The best time to apply for Chase credit cards based on offer history
What purchases are eligible for Pay Yourself Back?
Here are the current categories eligible for Pay Yourself Back:
Card Redemption value Current end date
Chase Sapphire Reserveยฎ (see rates and fees)
J.P. Morgan Reserve Card
Qualifying charities: 1.5 cents per point
Cardholder annual fee: 1.25 cents per point
Gas stations and public transit: 1.2 cents per point Sept. 30
Chase Sapphire Preferredยฎ Card (see rates and fees) Qualifying charities: 1.25 cents per point
Pet supply stores, veterinary services and cardholder annual fee: 1.1 cents per point
Public transit: 1.05 cents per point Sept. 30
Chase Freedom Flexยฎ (see rates and fees)
Chase Freedom Unlimitedยฎ (see rates and fees)
Chase Freedom
Chase Sapphire Reserve for Businessโ (see rates and fees)
Qualifying charities: 1.25 cents per point Sept. 30
Ink Business Preferredยฎ Credit Card (see rates and fees)
Qualifying charities: 1.25 cents per point
Shipping, internet, cable and phone services: 1.1 cents per point Sept. 30
Ink Business Cashยฎ Credit Card (see rates and fees)
Ink Business Premierยฎ Credit Card (see rates and fees)
Ink Business Unlimitedยฎ Credit Card (see rates and fees)
Qualifying charities: 1.25 cents per point Sept. 30
Aeroplan Credit Card Travel purchases (up to 200,000 points or $2,500 annually) and cardholder annual fee (only purchases made at select merchants within 90 days before the redemption request date are eligible): 1.25 cents per point
Dining at restaurants, gas stations, grocery stores (excluding Target, Walmart and wholesale clubs): 0.8 cents per point
Promotional categories (when available): 0.8 cents per point These are persistent categories for 2026
United Airlines personal and business credit cards Cardholder annual fee: 1.35 to 1.5 cents per mile (based on which card you have)
United airfare purchases made directly with the airline of at least $50: 1 cent per mile Ongoing perk
Southwest Airlines personal and business credit cards Cardholder annual fee within 90 days of the transaction date Ongoing perk
Marriott Bonvoy Bold Credit Card Travel purchases made directly with airlines or Marriott Bonvoy hotels (up to $750 total per year) Ongoing perk
Disney credit cards Purchases made at select U.S. Disney locations in Disney Parks and Resorts, Disney store and outlet locations in the U.S., DisneyStore.com, DisneyPlus.com, Hulu.com and Stream.ESPN.com in the past 90 days: 1 Disney Rewards Dollar per dollar
Those with a Disneyยฎ Inspire Visaยฎ Card (see rates and fees) or a Disneyยฎ Premier Visaยฎ Card (see rates and fees) can redeem Disney Rewards Dollars toward airline purchases in the past 90 days with any airline at the rate of 1 Disney Rewards Dollar per dollar Ongoing perk
The information for the J.P. Morgan Reserve and Chase Freedom has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
The list of charities for Pay Yourself Back includes:
Alzheimer's Association
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 and Equal Workplace Advocates
SAGE
Thurgood Marshall College Fund
United Negro College Fund
UNICEF USA
United Way
World Central Kitchen
Let's say you wanted to redeem 10,000 points on your Chase Sapphire Reserve. For most purchases, you'll get a $100 statement credit when redeeming 10,000 points.
But for those same 10,000 points, you'll get a credit of $150 when you redeem them for an eligible charity donation .
Related: How much are Chase Ultimate Rewards points worth?
Requesting a credit
Requesting a credit through Chase's Pay Yourself Back program is relatively straightforward. Log in to your eligible Chase account via the mobile app or desktop and select the "Pay Yourself Back" option in the redemption menu.
Next, you'll see a list of eligible purchases for which you can redeem points. Points can be redeemed for purchases dating back 90 days. It typically indicates whether more value is available.
CHASE You can offset the full purchase amount, assuming you have enough points to cover it.
From there, you can confirm the redemption value and amount of points required and then choose to complete the transaction. Your statement credit should post within three business days.
Related: How to use Shop Through Chase to earn more points
Statement credit options on other purchases
Chase has long offered the option to redeem points for a statement credit. To do this, log into your Ultimate Rewards account, hit the drop-down menu and select "Cash Back."
You'll be given an option to enter the amount you'd like to redeem and where you'd like your rewards deposited. All cash-back redemptions are fixed at 1 cent per point, which is a little less than half of TPG's July 2026 valuation of Ultimate Rewards at 2.05 cents per point.
That redemption value is also lower than many of the above Pay Yourself Back options.
CHASE Even so, Chase's traditional cash-back option is more generous than what you can expect from some other issuers.
Related: If I cash out my points and miles, do I have to claim it on my taxes?
Bottom line
Chase's Pay Yourself Back feature provides valuable flexibility for many cardholders.
Ultimately, whether you should redeem your balance in this way depends on how you plan to use your points, how many you currently have and whether or not you'd benefit significantly from the statement credits.
If the categories for the third quarter of 2026 don't work out for you, be sure to check back in for the fourth quarter to see if you should use this benefit then.
Related: Supercharge your Chase Ultimate Rewards balance with these top 5 cards
Editorial disclaimer: Opinions expressed here are the authorโs alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.
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