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Editor\u2019s note: This is a recurring post, regularly updated with new information and offers.<\/em><\/p>\n Chase is continuing some of its popular Pay Yourself Back redemption categories through the second quarter of this year. Access to Pay Yourself Back also expanded to additional cardholders earlier this year, including Southwest Airlines cards<\/a> and the Aeroplan\u00ae Credit Card<\/a><\/span>.<\/p>\n While those are positive elements, the negative aspect is that points are worth less this year than last year for most people.<\/p>\n Here\u2019s everything that you need to know about using Pay Yourself Back.<\/p>\n In 2020, Chase introduced Pay Yourself Back as an ongoing redemption option within Ultimate Rewards<\/a> to give cardmembers another choice in redeeming points. The categories have evolved over time, with the removal of options such as grocery and home improvement stores.<\/p>\n In short, the Pay Yourself Back option allows cardholders of many Chase cards to use points at a redemption value similar to booking travel. This won\u2019t give you maximum value for your Ultimate Rewards points<\/a>; however, it could be a good choice if you\u2019re looking for a simple return or are sitting on a pile of points without immediate use.<\/p>\n Related: The best Chase credit cards of 2023<\/a><\/strong><\/p>\n These are the current categories eligible for Pay Yourself Back:<\/p>\n Gas stations, groceries and cardholder annual fees: 1.25 cents per point.<\/p>\n<\/td>\n Gas stations, groceries and cardholder annual fees: June 30, 2023.<\/p>\n<\/td>\n<\/tr>\n Gas stations and groceries: 1 cent per point.<\/p>\n<\/td>\n Gas stations and groceries: June 30, 2023.<\/p>\n<\/td>\n<\/tr>\n Dining purchases in the past 90 days (with a $300 limit): 0.8 cents per point.<\/p>\n<\/td>\n Dining: June 30, 2023.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n The information for the Chase Freedom and Chase Ink Plus cards has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.<\/em><\/p>\n
\nWhat is Pay Yourself Back?<\/h2>\n
What purchases are eligible for Pay Yourself Back?<\/h2>\n
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\n Card<\/strong><\/th>\n Redemption value<\/strong><\/th>\n Current end date<\/strong><\/th>\n<\/tr>\n<\/thead>\n\n \n Chase Sapphire Reserve<\/a><\/span><\/td>\n Charities: 1.5 cents per point.<\/p>\n Charities: Dec. 31, 2023.<\/p>\n \n Chase Sapphire Preferred Card<\/a><\/span><\/td>\n Charities: 1.25 cents per point.<\/p>\n Charities: Dec. 31, 2023.<\/p>\n \n Chase Freedom Flex<\/a><\/span>, Chase Freedom Unlimited<\/a><\/span> and Chase Freedom<\/td>\n Charities: 1.25 cents per point.<\/td>\n June 30, 2023.<\/td>\n<\/tr>\n \n Ink Business Preferred Credit Card<\/a>, Ink Plus (no longer available)<\/td>\n Internet, cable, phone services and shipping: 1.25 cents per point.<\/td>\n June 30, 2023.<\/td>\n<\/tr>\n \n New Business Card! Ink Business Premier Credit Card<\/a><\/span><\/td>\n Charities: 1.25 cents per point.<\/td>\n Dec. 31, 2023.<\/td>\n<\/tr>\n \n Ink Business Cash Credit Card<\/a><\/span> and Ink Business Unlimited Credit Card<\/a><\/span><\/td>\n Internet, cable, phone services and shipping: 1.1 cents per point.<\/td>\n June 30, 2023.<\/td>\n<\/tr>\n \n Aeroplan Credit Card<\/a><\/span><\/td>\n Travel purchases in the past 90 days: 1.25 cents per point.<\/td>\n None, but there will be an annual limit of 50,000 points redeemed from 2024 (there is no limit in 2023).<\/td>\n<\/tr>\n \n Southwest Airlines credit cards<\/a><\/td>\n Cardholder annual fees: 1 cent per point.<\/p>\n Annual fees: None.<\/p>\n