This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
Chase “Pay Yourself Back” categories for the first quarter of 2023 have been revealed. See below for more details.
Update 3/16/2023: Chase Saphire Reserve pay-yourself-back benefits at 25% more value extended through 6/30/23.
Details
“Pay Yourself Back” is a feature of several Chase credit cards that allows cardholders to use their Chase points to pay for everyday costs. You can redeem Ultimate Rewards points for statement credits on eligible purchases, including groceries and dining. Potentially, you can get 25% to 50% more value by using your points to redeem for your everyday purchases.
Here are the categories for the first quarter of 2023:
- Chase Sapphire Reserve
- Points can be redeemed at 25% more value for purchases at gas stations, grocery stores, and annual fee through
3/31/20236/30/2023. - Points can be redeemed at 50% more for qualifying Charities through 12/31/2023
- Points can be redeemed at 25% more value for purchases at gas stations, grocery stores, and annual fee through
- Chase Sapphire Preferred
- Points can be redeemed at 1:1 value for purchases at gas stations and groceries through 3/31/2023
- Points can be redeemed at 25% more for qualifying Charities through 12/31/2023
- Chase Ink Business Preferred
- Points can be redeemed for 25% more on business expenses related to internet, cable, phone services and shipping through 3/31/2023
- Chase Ink Business Cash and Chase Ink Unlimited
- Points can be redeemed for 10% more on internet, cable, phone services and shipping through 3/31/2023
- Chase Freedom Flex and Freedom Unlimited
- Points can be redeemed for 25% more when donating to select charitable organizations
Bottom Line
This program has been devalued significantly. Chase Sapphire Preferred and Chase Sapphire Reserve cardholders use to be able to get 1.5 cents when redeeming through PYB for most categories (50% more value) but now that has been reduced to 25%-50% for charitable donations only.
READ MORE: See The Best Bank Promotions Here And The Best Investing Promotions Here
