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. More than 4 years later, it remains popular, 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 purchases at gas stations, groceries, pet supply stores, and veterinary services, as well as the card’s $550 annual fee through June 30, 2025.

Cardholders can also redeem points for 1.5 cents apiece for eligible charities through June 30, 2025.

Chase Sapphire Preferred^® Card

Those who hold the Chase Sapphire Preferred card can redeem Ultimate Rewards points at a value of 1.25 cents apiece for qualifying charities through June 30, 2025. This is the only category for the Chase Sapphire Preferred card that’s eligible for Pay Yourself Back.

J.P. Morgan Reserve Card

Anyone with the J.P. Morgan Reserve card can redeem points for 1.25 cents apiece for a statement credit against gas stations, groceries, pet supply stores, and veterinary services, as well as the $550 annual fee, through June 30, 2025.

Additionally, cardholders can redeem points at 1.5 cents each toward qualifying charity donations through June 30, 2025.

Chase Ink Business Cards

Chase’s lineup of business credit cards also offer the Pay Yourself Back option, with the deadline extended through June 30, 2025.

Ink Business Preferred^® Credit Card, Ink Business Cash^® Credit Card, Ink Business Unlimited^® Credit Card, and 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 June 30, 2025.

Chase Freedom Cards

Cardmembers who utilize Pay Yourself Back can redeem points for select charities at 1.25 cents per point, valid through June 30, 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 June 30, 2025. 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 business cardholders can use Rapid Rewards points to cover their annual fee (at 1 cent per point) through June 30, 2025. 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 credit card you have, you can redeem MileagePlus miles for 1.35 to 1.5 cents per mile toward your card’s annual fee. All United cardmembers can also use Pay Yourself Back to redeem miles at 1 cent apiece for eligible United airfare transactions of $50 or more made within the past 90 days.

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

You’ll get 1.5 cents per mile in value when redeeming miles toward your card’s annual fee with cards like The New United℠ Explorer Card but a lesser value of 1.4 cents per mile when using points to offset the annual fee on The New United Quest℠ Card.

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) and travel purchases. There is a limit of 200,000 points or $2,500 in value per year with these redemptions.

Also, through December 31, 2025, you can Pay Yourself Back for home improvement stores and gas station purchases (redeemed at a rate of 0.8 cents per point, so you can redeem 10,000 points for an $80 statement credit).

Marriott Bonvoy Bold^® Credit Card

Marriott Bold cardmembers can redeem points for a statement credit to cover qualifying travel purchases made directly with airlines or at hotels participating in Marriott Bonvoy, up to $750 total in redemptions per year. Points are redeemed at a value of 0.8 cents each, meaning you could use 93,750 points to reach the $750 limit.

There’s no specified deadline for this Pay Yourself Back option at this time. Points can be redeemed at any time and in any amount.

Final Thoughts

The Pay Yourself Back offering has proven to be immensely popular, and certain categories have been extended once again through June 30, 2025. Others are available through December 31, 2025.

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