Chase “Pay Yourself Back” Categories Revealed for Q1 2023

Chase “Pay Yourself Back” Categories Revealed for Q1 2023

2023 is here and so are the new Pay Yourself Back categories for Chase Sapphire, Ink Business and Freedom credit cards. As it was hinted all along with some of the changes over the last weeks of last year, the program has been devalued.

As a reminder, with “Pay Yourself Back”, you can redeem Ultimate Rewards points to cover eligible purchases made over the last 90 days. You can get up to a 50% bonus when you use your points this way, which means a value of 1.5 cents per point. But now the only category that gets a 50% bonus is Charities for Chase Sapphire Reserve cardholders. This card would previously get the 50% bonus for the annual fee, groceries, dining etc.

Chase Q1 PYB Categories

  • Chase Sapphire Preferred categories and redemption value, as of January 1, 2023:
    • Points can be redeemed at 1:1 value for purchase with gas stations and groceries through March 31, 2023
    • Points can be redeemed at 25% more for qualifying Charities through December 31, 2023 
  • Chase Sapphire Reserve categories and redemption value, as of January 1, 2023:
    • Points can be redeemed at 25% more value for purchase with gas stations, groceries, as well as towards the card’s annual fee through March 31, 2023
    • Points can be redeemed at 50% more for qualifying Charities through December 31, 2023 
  • Chase Ink Business Preferred and Ink Plus categories and redemption value, as of January 1, 2023:
    • Cardmembers who utilize Pay Yourself Back can redeem points worth 25% more on business expenses related to internet, cable, phone services and shipping through March 31, 2023
  • Chase Ink Business Cash and Ink Unlimited categories and redemption value, as of January 1, 2023:
    • Cardmembers who utilize Pay Yourself Back can redeem points worth 10% more on internet, cable, phone services and shipping through March 31, 2023
  • Freedom, Freedom Flex and Freedom Unlimited categories and redemption value, as of January 1, 2023:
    • Points are worth 25% more when donating to select charitable organizations

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