chase pay yourself back

Personally, I’m not a Pay Yourself Back kind of guy. I hoard my points for travel. But for many, using the Pay Yourself Back feature on a Chase Sapphire Reserve to cash out points at 1.5 cents or on a Chase Sapphire Preferred at 1.25 cents each has made a lot of sense. (Well, the CSR cash out makes more sense to me than the CSP…)

In fact, people love it for a variety of reasons, namely that cash in hand now beats unknown future travels.

We’d learned last year that Pay Yourself Back would likely become permanent and then they even expanded Pay Yourself Back to more cards and categories.

However, it seems that the categories you can Pay Yourself Back on will change after April 30th. I’m hoping (but cannot confirm) that they will not end the option.

An astute Doctor of Credit reader noted to DoC that the timeframe in which they would be able to pay themselves back only went to April 30th. And I agree with DoC that if Chase bothered to code this, there is a reason.

There’s no way to know what Chase might change the Pay Yourself Back categories to, but if you have been using Pay Yourself Back on dining, grocery and home improvement purchases, you should make sure you max it out before April 30th.


Chase Sapphire PreferredChase Sapphire Preferred® Card Earn 60,000 bonus Ultimate Rewards points (worth up to $750 or more!) when you spend $4,000 in 3 months. How to apply for this offer.


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