Chase Refund Guide
If you own a Chase Sapphire credit card, you probably already know that you can increase the value of your Chase Ultimate Rewards points by redeeming your points for travel booked through Ultimate Rewards, but many Chase cardholders don’t know that they can also increase the value of their ultimate rewards through Chase’s Pay Yourself Back program.
With the coronavirus pandemic limiting travel plans for many Americans, Chase decided to give Sapphire, Freedom and Ink cardholders an extra opportunity to enjoy their hard-earned ultimate rewards.
Chase’s Pay Yourself Back feature allows cardholders to increase the value of their ultimate rewards by redeeming points or cash back for statement credits for popular expense categories including grocery purchases and charitable donations.
Additionally, Chase just expanded the Pay Yourself Back program to include meal purchases, giving you even more opportunities to increase the value of your ultimate rewards and save money.
Want to learn more about Chase’s Pay Yourself Back? We’ve put together a guide to help you navigate Chase’s bonus categories and maximize your savings.
What is the Chase Pay Yourself Back feature?
Chase’s Pay Yourself Back program allows Sapphire, Freedom and Ink Business cardholders to increase the value of their Chase Ultimate rewards by redeeming points or cash back for statement credits in certain expense categories. Purchases must have been made within the last 90 days to be eligible for a refund, and bonus categories are subject to change, prompting cardholders to maximize their ultimate rewards through frequent redemptions.
Chase recently extended Pay Yourself Back until September 30, 2021, adding rewards for meals and giving cardholders the ability to increase the value of their Chase rewards every time they use Lyft’s Fund a Ride program. to provide free rides to people in need.
Which cards allow Pay Yourself Back?
Want to know which Chase credit cards offer Pay Yourself Back? If you have a Sapphire, Freedom, or Ink Business credit card, you can use Pay Yourself Back to increase the value of your rewards.
Here is the list of Chase cards that include Pay Yourself Back:
What purchases can I be reimbursed for?
Chase reimbursement categories differ depending on the type of Chase credit card in your wallet. Here’s a breakdown of how the Chase Sapphire, Chase Freedom, and Chase Ink business cards reward Pay Yourself Back purchases – and keep in mind that these Pay Yourself Back expense categories only apply until September 30. 2021.
Hunt the Sapphire Cards
If you have a Chase Sapphire Preferred or Chase Sapphire Reserve credit card, your points will increase in value when redeemed for statement credits in the following shopping categories: grocery stores, restaurants (including takeout services and eligible delivery), home improvement stores, select charities and Lyft Fund purchases a Ride.
Chase Sapphire Preferred Points will increase by 25% and Chase Sapphire Reserve Points will increase by 50%, which is the same as the point bonuses you receive when you redeem your Chase Sapphire rewards for travel booked through Chase.
Freedom Hunt Cards
If you have a Chase Freedom, Chase Freedom Flex, Chase Freedom Unlimited, or Chase Freedom Student credit card, your Pay Yourself Back categories include grocery stores (except Walmart and Target), certain streaming services, and Lyft Fund purchases. laughed at. Additionally, you can use Chase’s new Restoration Bonus to increase the value of your Ultimate Rewards by 10% when redeemed for up to $ 250 in Restoration Purchases.
Chase Ink Business Cards
If you’re self-employed or a small business owner with a Chase Ink Business Plus or Chase Ink Business Preferred credit card, your points are worth 25% more when redeemed for shipping, internet, cable and phone, home improvement purchases and Lyft Fund shopping groceries.
If you have a Chase Ink Business Cash card or an Ink Business Unlimited card, your points are worth 10% more when redeemed for internet, cable, and phone services. Points are worth 25% more when redeemed for Lyft Fund a Ride purchases.
How does the reimbursement work?
If you want to increase the value of your Ultimate Rewards points through Pay Yourself Back, first log into your Chase online account or open the Chase Mobile® app. From there, go to Chase Ultimate Rewards and select the Pay Yourself Back redemption option.
If you have made purchases eligible for a refund in the past 90 days, Chase will give you the option to redeem your Ultimate Rewards points for statement credits against those purchases.
Remember that the value of your points increases when they are redeemed through Pay Yourself Back. Therefore, if you have a Chase Sapphire Preferred card with 1,000 Ultimate Rewards points, the 25% increase in value means you will be able to redeem those points for $ 125 in qualifying statement credits.
The bottom line
Chase’s Pay Yourself Back program allows select Chase cardholders to increase the value of their Ultimate Rewards points when redeeming them for purchases in popular purchase categories, making Pay Yourself Back a great way maximize your Ultimate Rewards points while simultaneously reducing your credit card bill.
Now that Chase has added catering to its Pay Yourself Back category list, the Ultimate Rewards points of many cardholders have become even more valuable. If you have a Sapphire, Freedom, or Ink Business card in your wallet, make sure you take advantage of Pay Yourself Back and try to claim as many Pay Yourself Back rewards as possible before the end of September.