The Chase Freedom® is not currently available to new cardholders. Please visit our list of the best cash-back cards for alternative options. Some offers mentioned below are no longer available.
The Pay Yourself Back benefit ends Dec. 31, 2022
Chase consumers with cards that earn Chase Ultimate Rewards®, like the Chase Freedom Flex℠, can continue to benefit from Pay Yourself Back redemptions. This feature allows you to redeem points for statement credits on eligible purchases, with up to 50% more value depending on the card you have.
Pay Yourself Back was originally launched in May 2020 amid the pandemic for Chase Sapphire Preferred® Card and Chase Sapphire Reserve® members and it was meant to be a limited-time offer. However, Chase has continued to extend and adjust this redemption option.
Here are the eligible cards:
- Chase Sapphire Reserve®
- Chase Sapphire Preferred® Card
- Chase Freedom Flex℠
- Chase Freedom Unlimited®
- Chase Freedom® (no longer accepting new applicants)
- Ink Business Preferred® Credit Card
- Ink Business Plus® Credit Card (no longer accepting new applicants)
- Ink Business Cash® Credit Card
- Ink Business Unlimited® Credit Card
- Ink Business Premier® Credit Card
- Aeroplan® Credit Card
- Southwest credit cards
- United Airlines credit cards
Below, CNBC Select has the scoop on how you can maximize rewards with Pay Yourself Back. These benefits have expiration dates that are subject to change.
Chase Sapphire Reserve
Chase Sapphire Reserve®
Rewards
Earn 5X total points on flights and 10X total points on hotels and car rentals when you purchase travel through Chase Travel℠ immediately after the first $300 is spent on travel purchases annually. Earn 3X points on other travel and dining & 1 point per $1 spent on all other purchases plus, 10X points on Lyft rides through March 2025
Welcome bonus
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $900 toward travel when you redeem through Chase Travel℠.
Annual fee
$550
Intro APR
None
Regular APR
22.49% - 29.49% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fee
None
Credit needed
Excellent
Terms apply.
Read our Chase Sapphire Reserve® review.
- Eligible categories: Gas stations, groceries, the card's annual fee and eligible charities.
- Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each) for gas stations, groceries and the card's annual fee; Points are worth 50% more (1.5 cents each) for eligible charities.
Chase Sapphire Preferred
Chase Sapphire Preferred® Card
Rewards
Enjoy benefits such as 5x on travel purchased through Chase Travel℠, 3x on dining, select streaming services and online groceries, 2x on all other travel purchases, 1x on all other purchases, and $50 annual Chase Travel Hotel Credit, plus more.
Welcome bonus
Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Travel℠.
Annual fee
$95
Intro APR
None
Regular APR
21.49% - 28.49% variable on purchases and balance transfers
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Excellent/Good
Terms apply.
Read our Chase Sapphire Preferred® Card review.
- Eligible categories: Gas stations, groceries and contributions made to eligible charities.
- Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each) for charities and one cent each for gas stations and groceries (which is the standard cashback rate).
Chase Freedom Flex, Freedom Unlimited and Freedom
Chase Freedom Flex℠
Rewards
5% cash back on up to $1,500 in combined purchases in bonus categories each quarter you activate (then 1%), 5% cash back on travel booked through the Chase Ultimate Rewards®, 3% on drugstore purchases and on dining (including takeout and eligible delivery services), 1% cash back on all other purchases
Welcome bonus
Earn a $200 bonus after you spend $500 on purchases in the first 3 months from account opening.
Annual fee
$0
Intro APR
0% for the first 15 months from account opening on purchases and balance transfers
Regular APR
20.49% - 29.24% variable
Balance transfer fee
Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fee
3%
Credit needed
Excellent/Good
Member FDIC. Terms apply. Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.
Read our Chase Freedom Flex℠ review.
Chase Freedom Unlimited®
Rewards
Enjoy 4.5% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery services, 6.5% cash back on travel purchased through Chase Travel, our premier rewards program that lets you redeem rewards for cash back, travel, gift cards and more; and 3% cash back on all other purchases (on up to $20,000 spent in the first year). After your first year or $20,000 spent, enjoy 5% cash back on travel purchased through Chase Travel, 3% cash back on drugstore purchases and dining at restaurants, including takeout and eligible delivery service, and unlimited 1.5% cash back on all other purchases.
Welcome bonus
INTRO OFFER: Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back!
Annual fee
$0
Intro APR
0% for the first 15 months from account opening on purchases and balance transfers
Regular APR
20.49% - 29.24% variable
Balance transfer fee
Intro fee of either $5 or 3% of the amount of each transfer, whichever is greater, on transfers made within 60 days of account opening. After that, either $5 or 5% of the amount of each transfer, whichever is greater.
Foreign transaction fee
3%
Credit needed
Excellent/Good
Member FDIC. Terms apply.
Read our Chase Freedom Unlimited® review.
- Eligible purchases: Contributions made to eligible charities.
- Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).
Chase Ink Business Preferred, Ink Business Cash, Ink Business Unlimited and Ink Business Premier
Ink Business Preferred® Credit Card
Rewards
Earn 3X points per $1 on the first $150,000 spent in combined purchases in select categories each account anniversary year (travel; shipping purchases; internet, cable and phone services; and advertising purchases with social media sites and search engines), 1X point per $1 on all other purchases
Welcome bonus
Earn 100,000 bonus points after you spend $8,000 on purchases in the first 3 months from account opening.
Annual fee
$95
Intro APR
None
Regular APR
21.24% - 26.24% variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Good/Excellent
Terms apply.
Ink Business Cash® Credit Card
Rewards
Earn 5% cash back on the first $25,000 spent in combined purchases at office supply stores and on internet, cable and phone services each account anniversary year (then 1%); 2% cash back on the first $25,000 spent in combined purchases at gas stations and restaurants each account anniversary year (then 1%); 1% cash back on all other purchases
Welcome bonus
Earn $350 when you spend $3,000 on purchases in the first three months and an additional $400 when you spend $6,000 on purchases in the first six months after account opening
Annual fee
$0
Intro APR
0% for the first 12 months from account opening on purchases; N/A for balance transfers
Regular APR
18.49% - 24.49% variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
3%
Credit needed
Good/Excellent
Terms apply.
Ink Business Unlimited® Credit Card
Rewards
Earn 1.5% cash back on every purchase made for your business
Welcome bonus
Earn $750 bonus cash back after you spend $6,000 on purchases in the first 3 months from account opening
Annual fee
$0
Intro APR
0% for the first 12 months from account opening on purchases; N/A for balance transfers
Regular APR
18.49% - 24.49% variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
3%
Credit needed
Good/Excellent
Terms apply.
Ink Business Premier® Credit Card
Rewards
Earn unlimited 2.5% total cash back on purchases of $5,000 or more and unlimited 2% cash back on all other business purchases.
Welcome bonus
Earn $1,000 bonus cash back after you spend $10,000 on purchases in the first 3 months from account opening.
Annual fee
$195
Intro APR
None
Regular APR
Flex for Business Variable APR: 19.49% - 27.49%
Balance transfer fee
N/A
Foreign transaction fee
None
Credit needed
Excellent/Good
Member FDIC. Terms apply.
- Eligible purchases: Contributions made to eligible charities.
- Extra value on Pay Yourself Back redemptions: Points are worth 25% more (1.25 cents each).
Aeroplan Credit Card
Aeroplan® Credit Card
Rewards
Earn 3X points for each dollar spent at grocery stores, on dining at restaurants and Air Canada directly; 1X points for each dollar spent on all other purchases; 500 bonus points for every $2,000 you spend in a calendar month (up to 1,500 points per month).
Welcome bonus
Earn 60,000 points after you spend $3,000 on purchases in the first 3 months your account is open.
Annual fee
$95
Intro APR
None
Regular APR
21.74% - 28.74% Variable
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Excellent/Good
Terms apply. Member FDIC.
- Eligible purchases: Travel purchases
- Extra value on Pay Yourself Back redemptions: Points are worth 1.25 cents each
Southwest credit cards
Southwest Rapid Rewards® Plus Credit Card
Rewards
Earn 2X points on Southwest® purchases, 2X points on local transit and commuting, including rideshare; 2X points on internet, cable and phone services; select streaming. 1X points on all other purchases
Welcome bonus
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.
Annual fee
$69
Intro APR
None
Regular APR
21.49% - 28.49% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fees
3%
Credit needed
Excellent/Good
Terms apply.
Southwest Rapid Rewards® Premier Credit Card
Rewards
Earn 3X points on Southwest® purchases, 2X points on local transit and commuting, including rideshare; 2X points on internet, cable, and phone services; select streaming. 1X points on all other purchases
Welcome bonus
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.
Annual fee
$99
Intro APR
None
Regular APR
21.49% - 28.49% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fees
None
Credit needed
Excellent/Good
Terms apply.
Southwest Rapid Rewards® Priority Credit Card
Rewards
Earn 3X points on Southwest® purchases, 2X points on local transit and commuting, including rideshare; 2X points on internet, cable, and phone services; select streaming. 1X points on all other purchases
Welcome bonus
Earn 50,000 bonus points after spending $1,000 on purchases in the first 3 months from account opening.
Annual fee
$149
Intro APR
None
Regular APR
21.49% - 28.49% variable
Balance transfer fee
5%, minimum $5
Foreign transaction fees
None
Credit needed
Excellent/Good
Terms apply.
- Eligible purchases: Annual fee and up to $300 in dining purchases
- Extra value on Pay Yourself Back redemptions: Points are worth 0.8 cents each
United Airlines credit cards
United℠ Explorer Card
Rewards
2 miles per $1 spent on United purchases; 2 miles per $1 spent on dining, eligible delivery services and hotel stays; 1 mile earned on every $1 spent on all other purchases
Welcome bonus
Earn 50,000 bonus miles after you spend $3,000 on purchases in the first 3 months your account is open.
Annual fee
$0 intro annual fee for the first year, then $95
Intro APR
None
Regular APR
21.99% - 28.99% Variable
Balance transfer fee
5%, minimum $5
Foreign transaction fees
None
Credit needed
Excellent/Good
Member FDIC. Terms apply.
United Quest℠ Card
Rewards
3 miles per $1 spent on United® purchases. 2 miles per $1 spent on dining, select streaming services & all other travel. 1 mile per $1 spent on all other purchases.
Welcome bonus
Earn 60,000 bonus miles and 500 Premier qualifying points after you spend $4,000 on purchases in the first 3 months your account is open.
Annual fee
$250
Intro APR
N/A for purchases and balance transfers
Regular APR
21.99% - 28.99% Variable on purchases and balance transfers
Balance transfer fee
Either $5 or 5% of the amount of each transfer, whichever is greater
Foreign transaction fee
None
Credit needed
Excellent/Good
Member FDIC. Terms apply.
- Eligible purchases: Annual fee
- Extra value on Pay Yourself Back redemptions: Miles are worth 1.5 cents each with the United℠ Business Card and United Club℠ Business Card, 1.52 cents with the United℠ Explorer Card, 1.6 cents with the United Quest℠ Card and 1.75 cents with the United Club℠ Infinite Card
Chase Pay Yourself Back eligible charities
There are over a dozen charities eligible for the Pay Yourself Back bonus, including:
- American Red Cross
- Equal Justice Initiative
- Feeding America
- GLSEN
- Habitat for Humanity
- International Medical Corps
- International Rescue Committee
- Leadership Conference Education Fund
- NAACP Legal Defense and Education Fund
- National Urban League
- Out & Equal Workplace Advocates
- SAGE
- Thurgood Marshall College Fund
- United Negro College Fund
- UNICEF USA
- United Way
- World Central Kitchen
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Bottom line
Pay Yourself Back is an easy way for consumer and business Chase cardholders to get more value from their rewards. You can use Pay Yourself Back to redeem points for eligible purchases made in the past 90 days. Learn how Chase classifies purchases for bonus rewards and check out our step-by-step guide on how to use Pay Yourself Back.
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Information about the Chase Freedom Flex℠ has been collected independently by Select and has not been reviewed or provided by the issuer of the card prior to publication.