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Lots of people love the Chase Pay Yourself Back feature that allows cardholders to “cash out” points at the same rate they can redeem in the Chase travel portal. For example, a Chase Sapphire Preferred can cash out at 1.25cpp in the travel portal and can use Pay Yourself back on things like dining and groceries.
On the Chase Ink Business Preferred card, you can similarly cash out at 1.25cpp for shipping, home improvement stores, and some charitable donations. This was set to last until June 30th.
Today, Chase has announced that Pay Yourself Back on the Ink Business Preferred will now last until (at least) September 30th, 2021 and will add new spending categories which include Internet, cable and phone services.
If you don’t have an Ink Preferred (or a Sapphire card) and want to cash out a Chase Ink Cash or Chase Ink Unlimited Business Credit Card, you can do so through Sept. 30 at a rate of 1.10 cent per point when redeemed for Internet, cable and phone services.
Also, per Chase, all eligible Chase cardmembers are now able to use Pay Yourself Back to apply points and receive a statement credit for all, or a portion, of a ride purchased through Lyft’s “Fund a Ride” program (through Sept. 30, 2021).
You can find more details on Chase Pay Yourself back specifically for Ink cardmembers here.
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You can find credit cards that best match your spending habits and bonus categories at Your Best Credit Cards.
New to all of this? My “introduction to miles and points” book, MilesTalk: Live Your Wildest Travel Dreams Using Miles and Points is available on Amazon and at major booksellers.