Here Are The Q3 Pay Yourself Back Categories And Values

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Back in May 2020, Chase added the ability to pay yourself back.

Pay Yourself Back was then made into a permanent feature of the Ultimate Rewards program, but the values and categories have changed since then.

Currently, the only real value to be had is on Sapphire Reserve.

Here are the categories for Q3:

• Chase Sapphire Reserve® Card: 25% bonus value for home improvement stores, gas stations, grocery stores, and the annual fee. 50% bonus value for select charities.
• Chase Sapphire Preferred® Card: 10% bonus value for annual fee. 25% bonus value for select charities.
• Chase Freedom Unlimited® Card, Chase Freedom Flex, Chase Sapphire Reserve for Business℠, Ink Business Unlimited® Credit Card, Ink Business Cash® Credit Card, Ink Business Preferred® Credit Card: 25% bonus value for select charities. All information about the Chase Freedom Flex Card has been collected independently by DansDeals.

If you spend $1,000 on Sapphire Reserve categories, you can use 80K points to offset that purchase and make it free. Plus, you’ll still earn the 1,000 points for the purchase, so you effectively used 79K points to offset the purchase. That means your points were actually worth about 1.27 cents each.

With Sapphire Reserve points value changing from 1.5 cents each everywhere to 1 cent everywhere with Points Boost on select airlines and hotels up to 2 cents, using Pay Yourself Back may be a good way to get added value out of your points.

Do you use Pay Yourself Back?