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Great News! It Appears Chase Pay Yourself Back Is Here To Stay

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using the new chase offers system

Chase Pay Yourself Back Extended, Will Be A Long Term Feature

Great news people, man can we use some of that in 2020, it appears Chase Pay Yourself Back is going to be a long term feature of the Chase ecosystem.  My buddy Doug that runs the Travel Rewards Warriors Facebook group gave me the heads up on this and broke the news.  He reached out to the Chase PR team via email to confirm.

What Is Chase Pay Yourself Back?

With the Pay Yourself BackSM tool, your Ultimate Rewards® points are worth 50% more when you redeem them for statement credits against purchases in our current categories: grocery stores, dining (including restaurants, takeout, and eligible delivery services), and home improvement stores such as Home Depot® and Lowes®. Just choose an eligible purchase you made in the past 90 days, apply points for all or part of the purchase, and you’ll get a statement credit.

It essentially allows you to use your Ultimate Rewards points as statement credits for certain purchases at a higher rate.  Usually cash back is only worth 1 cent per point but with this feature it is worth 1.5 cents per point. I shared my thoughts on why people should consider doing this and it is also something I may use to help my college funding plan.

Here Is What We Know

The Chase PR team confirmed via email that the program will last longer than September 30th, when the promo was scheduled to end.  They said it will likely be revamped with new categories at that time.  It may also roll out to other cards (currently only the Sapphire products).  I wouldn’t be surprised to see it on a quarterly rotation much like the Chase Freedom 5% back categories.

Final Thoughts

This is big news and something that may make me consider holding my wife’s upgraded Sapphire Reserve card long term.  This makes all of the Ultimate Rewards products more valuable since there would be other avenues to cash out the points outside of travel. I can’t thank Doug enough for tracking this story down and sharing it with me.

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Mark Ostermann
Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.


  1. Hi Mark, has there been ANY official confirmation of this (very welcome) news about extending the pay-yourself-back option — past Sept. 30th? Sorry if I missed any updates somewhere? Not seeing anything thus far.

  2. I’m wondering about this scenario…
    I’ve got a balance of ZERO but I pay myself back on a previous charge of $500. Now I’ve got a credit of $500 sitting in my account. Can I call Chase and have them send me that credit? I know when I’ve overpaid an account in the past I could call and get a check sent to me.

  3. I only have a CSP so not sure I should burn my approx half million points or just wait until better travel days.

    • Have you had it for over a year? Could consider upgrading to the CSR if you did want to cash them out. If you do it before the travel credit stops working on grocery purchases you can double dip that purchase too. Get $300 travel credit and then pay for the purchase with points as well :).

        • Something to consider when the year is up at least. I ended upgrading my wife’s Freedom card because I was in the same boat.

          • Hi Mark:
            I am carrying my CSP for over a year (exactly 16 months). If I upgrade to CSR, When or How I will be able to get another sign on bonus for either CSP or CSR? I know their 48months rule for the same family card, I am not sure how that works for a product change. I do also have CF & CFU.

          • It wouldn’t change anything there – would still be 48 months from when you got the CSP bonus.

    • With them nerfing their award chart I could see this being the way to go for most domestic United travel for sure. I think Southwest gets stung a little bit too by it.


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