Chase Ink Pay Yourself Back
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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.

If you are in a cash crunch, you should avoid travel rewards credit cards until you are caught up. Here are our favorite credit cards for Intro 0% APR offers and for balance transfer offers

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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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.

I got "in the game" in 2003 and since then I've collected literally millions and millions of frequent flyer miles and hotel points. I've flown around the world in first class seats that would cost $29,000 using frequent flyer miles and a few bucks in tax. And I've stayed in some of the finest hotels - all for free! A few years ago I realized many of my friends actually thought I was paying for these!! So I started sharing my tips. It's long been a passion, but when I hosted a session on Miles and Points at this year's South by Southwest festival, my love of the game intensified and this blog was born.


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