Chase Updates Pay Yourself Back Categories for Sapphire, Ink and Other Co-Branded Cards

Chase first introduced its Pay Yourself Back option during the pandemic to allow cardholders to redeem their points without traveling. It has still been wildly popular more than 4 years later, and the program has expanded with new categories and deadlines.

Now, Chase has confirmed that Pay Yourself Back has updates, with new categories on several eligible cards. Let’s take a look at all the details!

Chase Sapphire Cards

Chase Sapphire Reserve^®

Anyone who has the Chase Sapphire Reserve card can redeem points for 1.25 cents apiece for a statement credit against gas stations, utilities, insurance, fitness clubs and gym memberships, and $550 annual fee through March 31, 2025.

Cardholders can also redeem points for 1.5 cents apiece for eligible charities through March 31, 2025.

Chase Sapphire Preferred Card

Those who hold the Chase Sapphire Preferred card can redeem Ultimate Rewards points at a value of 1.25 cent apiece for qualifying charities through March 31, 2025. This is the only category for the Chase Sapphire Preferred card that’s eligible for Pay Yourself Back.

Chase Ink Business Cards

Chase’s lineup of business credit cards also offer the Pay Yourself Back option, with the deadline extended through March 31, 2025.

Ink Business Preferred^® Credit Card, Ink Business Cash^® Credit Card and Ink Business Unlimited^® Credit Card, and the Ink Business Premier^® Credit Card

If you hold the Ink Business Preferred card, Ink Business Cash card, Ink Business Unlimited card, or the Ink Business Premier card, you’ll be able to redeem your points at a rate of 1.25 cents each for certain charities through March 31, 2025.

Cardmembers can redeem points for a statement credit when they choose recent purchases, valid through March 31, 2025.

Hot Tip: If you pair a cash-back Chase card with a premium card that earns Chase Ultimate Rewards, you can choose to turn your cash into Chase Ultimate Rewards points — thereby doubling its value!

Chase Freedom Cards

Cardmembers who utilize Pay Yourself Back can redeem points for select charities at 1.25 cents per point, valid through March 31, 2025. Eligible cards include the Chase Freedom Flex^® and the Chase Freedom Unlimited^®.

Southwest Rapid Rewards Personal Cards

All Southwest personal cardholders can use Rapid Rewards points to cover their annual fee (1 cent per point) through December 31, 2024. The other caveat with this Pay Yourself Back option is that redemption requests must be made within 90 days of the transaction date.

Eligible cards include the Southwest Rapid Rewards^® Plus Credit Card, the Southwest Rapid Rewards^® Premier Credit Card, and the Southwest Rapid Rewards^® Priority Credit Card.

Southwest Rapid Rewards Business Cards

All Southwest personal cardholders can use Rapid Rewards points to cover their annual fee (1 cent per point) through December 31, 2024. Like with the personal cards, you must do this within 90 days of the transaction date.

Eligible cards include the Southwest Rapid Rewards^® Performance Business Credit Card and the Southwest Rapid Rewards^® Premier Business Credit Card.

United MileagePlus Cards

Depending on the United card you have, you can redeem MileagePlus miles for 1.5 to 1.75 cents per mile toward the annual fee. All United cardmembers can also use Pay Yourself Back to redeem miles at 1 cent apiece for eligible United airfare transactions made within the past 90 days.

There’s no specified deadline for this Pay Yourself Back option at this time.

Aeroplan^® Credit Card

Until December 31, 2025, Aeroplan card holders can redeem their points at 1.25 cents apiece to cover their annual fee (within 90 days of the billing date) in addition to travel purchases made on their statement credit.

Also through December 31, 2025, you can Pay Yourself Back for grocery store and dining purchases (redeemed at a rate of 0.8 cents per point, so you can redeem 20,000 points for a $160 statement credit).

Final Thoughts

The Pay Yourself Back offering has proven to be immensely popular, and certain categories have been extended once again through March 31, 2025.

Nevertheless, although Chase Ultimate Rewards points can be more valuable when transferred to Chase transfer partners, redeeming your points against purchases you’ve made is an easy way to use any stockpile you’ve grown.