Chase Adds New Pay Yourself Back Benefits for Ink and Freedom Cards; Extends for Sapphire

Chase Pay Yourself Back

Chase Adds New Pay Yourself Back Benefits for Ink and Freedom Cards; Extends for Sapphire

Starting October 1, Chase is expanding its Pay Yourself Back tool. It will now include Ink and Freedom cards. Chase is also continuing the previously announced categories for Sapphire credit cards. Additionally, all eligible Ultimate Rewards credit cards will have the ability to redeem points towards donations made to eligible charities through Pay Yourself Back. This is giving Chase cardmembers even more flexibility. They will have the ability to choose how and when they use their points, at more value.

Chase Pay Yourself Back

Chase Ink Plus® and Ink Preferred®, as well as all Chase Freedom® cardmembers will have access to Pay Yourself Back to apply points towards existing purchases in select categories and get paid back with a statement credit. For Chase Sapphire Reserve® and Preferred® cardmembers, points will continue to be worth 50% and 25% more, across previously announced categories. Additionally, all eligible cardmembers can now use Pay Yourself Back to redeem points towards the contributions they make across a variety of charitable organizations.

Chase Ink Business Preferred

  • October 1, 2020 through the end of the year, cardmembers’ points will be worth 25% more when applied to:
    • select online advertising and shipping purchases
    • contributions made to eligible charitable organizations. 

Chase Ink Business Plus

  • October 1, 2020 through the end of the year, cardmembers’ points will be worth 25% more when applied to:
    • select online advertising and shipping purchases
    • contributions made to eligible charitable organizations.

Chase Sapphire Reserve

  • Continuing through April 30, 2021, Sapphire Reserve cardmembers’ points will be worth 50% more when redeemed for statement credits through Chase towards purchases at:
    • grocery and home improvement stores
    • dining at restaurants, including takeout and delivery services
    • contributions to eligible charitable organizations.

Chase Sapphire Preferred

  • Continuing through April 30, 2021, Sapphire Reserve cardmembers’ points will be worth 25% more when redeemed for statement credits through Chase towards purchases at
    • grocery and home improvement stores
    • dining at restaurants, including takeout and delivery services
    • contributions to eligible charitable organizations.

Chase Freedom

  • Starting October 1, 2020, points will be worth 25% more when redeemed towards donations made to eligible charitable organizations.

Freedom Unlimited

  • Starting October 1, 2020, points will be worth 25% more when redeemed towards donations made to eligible charitable organizations.

Freedom Flex

  • Starting October 1, 2020, points will be worth 25% more when redeemed towards donations made to eligible charitable organizations.

How it Works

After making a purchase in an eligible category or making a donation to an eligible charity, cardmembers can select from recent transactions made up to 90 days prior, choose to redeem points for all or a portion of the purchase, and get paid back with a statement credit. Categories and redemption values will evolve over time to continue to provide the most relevant and practical value for cardmembers.

To access the Pay Yourself Back feature, cardmembers can simply log into Ultimate Rewards on their desktop at www.chase.com/ultimaterewards or through the Chase mobile app.

Eligible Charities with Pay Yourself Back

Current eligible charities with Pay Yourself Back include:

  • 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

Guru’s Wrap-up

The Chase Freedom and Chase Ink Business Plus cards are no longer available. But, it’s nice seeing that the new benefits will be added to those cards as well. For those that want to take advantage of the ‘Pay Yourself Back’ program, the best value is the Chase Sapphire Reserve card that makes your points 50% more valuable. However, bonus wise, the best offers available right now are for the Chase Ink Business Preferred and Chase Sapphire Preferred, 100K and 80K respectively.

The new Chase Freedom Flex is also a great card with a good bonus of $200, 5X on groceries for a year and no annual fee. But the ‘Pay Yourself Back’ feature only makes points worth 25% more when redeemed towards donations made to eligible charitable organizations. However if you have the Chase Sapphire Reserve card for example, you can transfer points and redeem for purchases made on that card.

Also keep in mind that you get a new Chase card, here’s how you can start using it right away, even before it arrives in the mail.

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10 thoughts on “Chase Adds New Pay Yourself Back Benefits for Ink and Freedom Cards; Extends for Sapphire

  1. Here’s the conundrum though. I can earn 5% back on groceries for this year with the Freedom Unlimited (getting paid back at 1 point per penny isn’t appealing since I have the CSR at 1.5) or earn 1% with the CSR, but get paid back at 1.5%. I still come out ahead (right?), using Freedom Unlimited for groceries and moving the points to the CSR to redeem for (I hope!) Travel in the future.

    There was a sweet time early on in Covid when the CSR earned 5% on groceries and I could pay myself back at 1.5%.

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