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The Chase “Pay Yourself Back Feature” Is Extended – Great Way to Maximize Points on Everyday Purchases!

Written by Charlie

In good news from Chase, we now know that the popular Chase “Pay Yourself Back” feature will be extended! This lets you use your points for everyday purchases at top redemption values.

Chase has really been doing a good job of making sure their customers are able to use their cards to the max during this period of travel slowdown and financial uncertainty.

Chase “Pay Yourself Back” Program Extended

This has included allowing the Chase Sapphire Preferred and Chase Sapphire Reserve to use their awesome travel redemption rates to pay yourself back on things like groceries and home improvement.

Well, that is hear to stay, at least for a while! This was reported in this Facebook group and I spotted it over at Doctor of Credit. This feature is great for anyone that normally would use Ultimate Reward points to pay directly for travel, especially for Chase Sapphire Reserve members.

How the “Pay Yourself Back” Works

How this works is that you login to your Ultimate Rewards account and choose to Pay Yourself Back. You will see a list of eligible purchases (supermarkets, restaurants, food delivery, home improvement stores) and you select which purchases you want to redeem points for.

It shows you the amount and the amount of points it will take to issue the rebate to your account. You have 90 days from the time of purchase to pay yourself back. Once you do, you will receive a statement credit for that amount in just a couple of days!

Plus, you will still earn points on the spending you did for that as well! So, this is a nice way to get a good rebate while also earning points, especially bonus points, on the spending.

If you have the Chase Sapphire Preferred, you will be using 1 point for every 1.25 cents you want to redeem. The Chase Sapphire Reserve will give you 1.5 cents for every point – just like with direct travel redemptions.

Changes Coming?

Now, we don’t know what kind of changes may come in the future, but there are rumored changes. That could be a lowered rate (though I would not expect that until 2021) or possible a revolving list of categories it could be applied too (like the Chase Freedom has for earning bonuses).

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About the author


Charlie has been an avid traveler and runner for many years. He has run in marathons around the world for less than it would cost to travel to the next town - all as a result of collecting and using miles and points. Over the years, he has flown hundreds of thousands of miles and collected millions of miles and points.
Now he uses this experience and knowledge to help others through Running with Miles.


    • That was the word from Chase a while ago but I have not seen any specifics lately. My guess is we will hear something Friday, if they are continuing it. I certainly hope so – I am still waiting for tens of thousands of points to be returned to me from a canceled flight (from 5 months ago!) that I want to use like this!