Maximizing money again with Chase’s Pay Your self Again function — The Factors Man

Editor’s notice: It is a recurring submit, commonly up to date with new info and affords.

Chase is continuous a few of its in style Pay Your self Again redemption classes by means of the second quarter of this 12 months. Entry to Pay Your self Again additionally expanded to extra cardholders earlier this 12 months, together with Southwest Airlines cards and the Aeroplan® Credit Card.

Whereas these are constructive components, the damaging facet is that factors are value much less this 12 months than final 12 months for most individuals.

Right here’s all the things that it’s good to find out about utilizing Pay Your self Again.

What’s Pay Your self Again?

In 2020, Chase launched Pay Your self Again as an ongoing redemption choice inside Ultimate Rewards to present cardmembers one other alternative in redeeming factors. The classes have advanced over time, with the removing of choices comparable to grocery and residential enchancment shops.

Briefly, the Pay Your self Again choice permits cardholders of many Chase playing cards to make use of factors at a redemption worth much like reserving journey. This received’t offer you maximum value for your Ultimate Rewards points; nonetheless, it might be a good selection for those who’re searching for a easy return or are sitting on a pile of factors with out quick use.

Associated: The best Chase credit cards of 2023

What purchases are eligible for Pay Your self Again?

These are the present classes eligible for Pay Your self Again:

Card Redemption worth Present finish date
Chase Sapphire Reserve Charities: 1.5 cents per level.

Fuel stations, groceries and cardholder annual charges: 1.25 cents per level.

Charities: Dec. 31, 2023.

Fuel stations, groceries and cardholder annual charges: June 30, 2023.

Chase Sapphire Preferred Card Charities: 1.25 cents per level.

Fuel stations and groceries: 1 cent per level.

June 30, 2023.
Chase Freedom Flex, Chase Freedom Unlimited and Chase Freedom Charities: 1.25 cents per level. June 30, 2023.
Ink Business Preferred Credit Card, Ink Plus (not obtainable) Web, cable, telephone companies and transport: 1.25 cents per level. June 30, 2023.
New Business Card! Ink Business Premier Credit Card Charities: 1.25 cents per level. Dec. 31, 2023.
Ink Business Cash Credit Card and Ink Business Unlimited Credit Card Web, cable, telephone companies and transport: 1.1 cents per level. June 30, 2023.
Aeroplan Credit Card Journey purchases previously 90 days: 1.25 cents per level. None, however there will likely be an annual restrict of fifty,000 factors redeemed from 2024 (there is no such thing as a restrict in 2023).
Southwest Airlines credit cards Cardholder annual charges: 1 cent per level.

Eating purchases previously 90 days (with a $300 restrict): 0.8 cents per level.

Annual charges: None.

Eating: June 30, 2023.

The knowledge for the Chase Freedom and Chase Ink Plus playing cards has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

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The power to make use of Pay Your self Again with charitable donations is on the market on the Sapphire and Freedom playing cards. For those who’re keen on utilizing your factors to make a difference in Ukraine, the next 4 choices immediately help humanitarian efforts there:

  • Worldwide Medical Corps.
  • Worldwide Rescue Committee, Inc.
  • World Central Kitchen.

The extra record of charities for Pay Your self Again consists of:

  • American Crimson Cross.
  • Equal Justice Initiative.
  • Feeding America.
  • GLSEN.
  • Habitat for Humanity.
  • Management Convention Training Fund.
  • NAACP Authorized Protection and Training Fund.
  • Nationwide City League.
  • Out & Equal Office Advocates.
  • SAGE.
  • Thurgood Marshall Faculty Fund.
  • United Manner.

Let’s say you had an eligible donation on the Chase Sapphire Reserve. As an alternative of receiving a $100 assertion credit score when redeeming 10,000 factors, a Sapphire Reserve buyer would obtain a credit score of $150 for a similar variety of factors when used for an eligible Pay Your self Again redemption. This matches the speed supplied on Ultimate Rewards Travel redemptions for that card.

Chase Sapphire Reserve cardmembers may also use Pay Your self Again for his or her annual charge, which we additionally noticed final 12 months. Nonetheless, there are important modifications value highlighting.

Redemption values for non-charity redemptions on the Sapphire Reserve and Sapphire Most well-liked classes have decreased. Final 12 months, you can obtain a 1.5 cents-per-point worth on all Pay Your self Again classes, however now that worth solely applies to the charities classes. Different redemptions return solely a 1.25 cents-per-point worth. Equally, redemption values on the Sapphire Most well-liked decreased in each class besides charities, dropping from 1.25 cents to 1 cent when utilizing Pay Your self Again.

Briefly, the worth obtained with Pay Your self Again is much less in 2023 than in 2022.

Cobranded playing cards added in 2023

Not like playing cards incomes money again or Chase Ultimate Rewards, redemptions on cobranded bank cards differ.

The Aeroplan card affords redemptions at a worth of 1.25 cents every towards any journey buy — not restricted to Air Canada — inside the previous 90 days. In 2023, there is no such thing as a restrict to the variety of factors you possibly can redeem for Pay Your self Again with the Aeroplan card. Beginning in 2024, there will likely be an annual restrict of fifty,000 factors redeemed.

It is a everlasting function of the Aeroplan card and has no finish date, not like Pay Your self Again classes on different Chase bank cards.

Pay Your self Again has additionally been expanded to Southwest credit cards, providing one redemption class: annual charges at 1 cent per level. That is beneath TPG’s valuation of Southwest factors at 1.5 cents apiece.

Requesting a credit score

Requesting a credit score by means of Chase’s Pay Your self Again program is comparatively simple. Log in to your Final Rewards account by way of the cellular app or desktop and choose the “Pay Your self Again” choice within the sidebar.


Subsequent, you’ll see a listing of eligible purchases for which you’ll redeem factors. Factors will be redeemed for purchases way back to 90 days.

Right here’s an instance of a redemption I made final 12 months. On the time, I had 9 eligible web, cable and telephone purchases (three proven) on my Ink Plus card. To redeem factors, verify the field subsequent to the purchases for which you need to redeem factors and proceed to the following web page.


You possibly can offset the complete buy quantity, assuming you’ve sufficient factors to cowl it, or you possibly can redeem a smaller quantity for those who favor.

From there, you possibly can affirm the redemption worth and quantity of factors required after which select to finish the transaction. Your assertion credit score ought to submit inside three enterprise days.

Assertion credit score choices on different purchases

Chase has lengthy supplied the choice to redeem factors for an announcement credit score — that’s not new. To do that, log into your Final Rewards account, hit the drop-down menu and choose “Money Again.”

You’ll be introduced with an choice to enter the quantity you’d wish to redeem and the place you’d like your rewards deposited. All cash-back redemptions are mounted at 1 cent per level, solely half of TPG’s valuation for Final Rewards and decrease than any of the above Pay Your self Again choices.

Associated: Points of View: Can I cash out my points, and is it worth it?

You possibly can redeem Final Rewards factors for money again at 1 cent apiece. CHASE.COM

Even so, Chase’s conventional cash-back choice is extra beneficiant than what you possibly can count on from another issuers. Right here’s the way it breaks down for among the hottest packages and playing cards:

The knowledge for the Citi Status card has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.

Backside line

Chase’s Pay Your self Again function gives useful flexibility for a lot of cardholders, however its worth is much less this 12 months than in previous years. That worth is even decrease with among the redemption classes for some cobranded cardholders

Even when the redemption classes present worth for you, it’s value contemplating redeeming factors this fashion is sensible. Are you happy utilizing your factors for much less worth than TPG’s average valuations?

Finally, the reply comes right down to how you propose to make use of your factors, what number of you presently have and whether or not or not you’d profit considerably from the assertion credit.

Further reporting by Chris Dong, Stella Shon, Summer season Hull, Zach Honig and Ryan Smith.

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