Chase Extends Expiration of Several Pay Yourself Back Categories

Update: The offer mentioned below has expired and is no longer available.

Chase has an interesting perk for holders of select credit cards where you can redeem your Ultimate Rewards points toward purchases made on your card, and, rather than getting the usual 1 cent per 1 point redemption rate, you can get an additional bonus, allowing your points to go further. The categories for these purchases can vary by card, and Chase has now extended the redemption period for a few categories by several months, yet again.

Here are the details of all of the Pay Yourself Back categories that are being extended.

Eligible Cards and Their Pay Yourself Back Categories

Chase Sapphire Reserve®

If you have Chase’s most premium credit card, these are the categories you can redeem for 50% more value (1.5 cents per point):

Airbnb has been extended to December 31, 2022
Dining has been extended to December 31, 2022
Select Charities ends December 31, 2022

Using your points to cover your annual fee can be a great way to maximize the value of your card without having to worry about an annual fee.

Chase Sapphire Preferred® Card

Chase Sapphire Preferred cardholders will get their Airbnb category extended through December 31, 2022, and Select Charities expires on December 31, 2022. Cardholders can pay themselves back on these charges with 25% more value (1.25 cents per point).

Select Cards

You can redeem your points for Select Charities through December 31, 2022, with a 25% bonus (1.25 cents per point) with the following cards:

Chase Freedom Flex℠
Chase Freedom® card (no longer open to new applicants)
Chase Freedom® Student Credit Card
Chase Freedom Unlimited®
Ink Business Cash® Credit Card
Ink Business Plus® Credit Card (no longer open to new applicants)
Ink Business Preferred® Credit Card
Ink Business Unlimited® Credit Card

Pay Yourself Back Redemptions Are Simple

Chase Pay Yourself Back — You can redeem points to cover eligible charges on your statement. Image Credit: Chase

It’s very easy to redeem your Ultimate Rewards points toward a purchase.

First, log in to your Ultimate Rewards portal, then select Pay Yourself Back. Simply select an eligible charge within the past 90 days, and you can choose how many Ultimate Rewards points you want to use to cover that charge. You don’t have to have enough for the entire charge and can redeem a smaller amount to only cover a portion.

Hot Tip: For more information, check out our detailed guide on Chase’s Pay Yourself Back.

Select Charities

If you’re redeeming against a charitable donation, you can only cover contributions to these organizations:

American Red Cross
Equal Justice Initiative
Feeding America
Habitat for Humanity
International Medical Corporation
Leadership Education Fund
NAACP Legal Defense and Education Fund
National Urban League
Thurgood Marshall College Fund
United Negro College Fund
United Way
World Central Kitchen

Final Thoughts

While redeeming points to cover normal purchases isn’t usually the best use of points, having a way to get more out of your redemptions can certainly be appealing. If you are spending at any one of the listed categories and have points to spare, consider wiping these charges from your statement with the extended expiration dates of the Chase Pay Yourself Back categories.

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[Expired] Chase Extends Several Pay Yourself Back Categories [Through 12/31]