Chase has announced its Pay Yourself Back categories for the 3rd Quarter of 2026.

Pay Yourself Back allows cardmembers to redeem Ultimate Rewards Points for statement credits against qualifying purchases when you redeem within 90 days of the qualifying purchase.

Sapphire Preferred®

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.10 cents per point for their purchases with pet supply stores, veterinary services and annual fee through September 30, 2026. 
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.05 cents per point for their purchases with public transit through September 30, 2026

Sapphire Reserve®

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.50 cents per point for qualifying charities through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for their annual fee through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.20 cents per point for their purchases with gas stations and public transit through September 30, 2026

JPMorgan Reserve™

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.50 cents per point for qualifying charities through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for their annual fee through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.20 cents per point for their purchases with gas stations and public transit through September 30, 2026

Chase Freedom cards

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026

Ink Business Preferred

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.10 cents per point for their purchases on shipping, internet, cable and phone services through September 30, 2026
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Ink Business Preferred®

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026
• Cardmembers who utilize Pay Yourself Back can redeem points at 1.10 cents per point for their purchases on shipping, internet, cable and phone services through September 30, 2026
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Ink

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026

Chase Sapphire Reserve for Business℠ 

• Cardmembers who utilize Pay Yourself Back can redeem points at 1.25 cents per point for qualifying charities through September 30, 2026
• • • Eligible charities include Alzheimer’s Association, American Heart Association, American Red Cross, Equal Justice Initiative, Feeding America, GLSEN, Habitat for Humanity, International Medical Corps, International Rescue Committee, Leadership Conference Education Fund, Make-A-Wish America, NAACP Legal Defense and Education Fund, National Urban League, Out and Equal Workplace Advocates, SAGE, Thurgood Marshall College Fund, United Negro College Fund, UNICEF USA, United Way and World Central Kitchen.
• Note: Even though a merchant or some of the items that it sells may appear to fit within a rewards category, the merchant may not have a merchant code in that category. When this occurs, purchases with that merchant won’t qualify for rewards offers on purchases in that category.

United Family of Cards from Chase:

Cardmembers who utilize Pay Yourself Back can redeem miles for 1.35 cents to 1.50 cents per mile (based upon United product) for annual fee statement credits. Cardmembers can also utilize Pay Yourself Back to redeem miles for 1 cent per mile (for all United Card products) for purchases of $50 or more in the United airfare purchase category. Purchases include United airfare tickets purchased on United.com or the United mobile app using a United MileagePlus Credit Card. Flights purchased through any other source, such as United General Reservations, United Vacations, travel agencies or other travel websites, are not eligible.

Chase Aeroplan Card:

Aeroplan® points may be redeemed for a statement credit using Pay Yourself Back for purchases made at select merchants within the 90 days before the redemption request date.  Redemptions using Pay Yourself Back against the following purchases made with your credit card will qualify: travel purchases and the prior payment of your annual fee. Each point you redeem through Pay Yourself Back for a statement credit towards qualifying travel purchases (up to 200,000 points or $2,500 annually) and the prior payment of your annual fee is worth $.0125 (one and a quarter cents), which means that 100 points equals $1.25 in redemption value.  

For 2026, dining at restaurants (including takeout and eligible delivery services), grocery stores (including eligible delivery services, excluding Target, Walmart and wholesale clubs), and gas stations are PYB categories that offer even more flexible redemption options valued at $.008 per point.

Pay Yourself Back may also run promotional categories from time to time. Each point you redeem through Pay Yourself Back for a statement credit towards qualifying purchases in promotional categories will also be worth $.008, which means that 100 points equals $.80 in redemption value.

Disney® Inspire Visa® Card

• Redeem Rewards Dollars for a statement credit toward purchases made at most Disney locations in the U.S. and online at Disney sites including DisneyStore.com, DisneyPlus.com, Hulu.com, and Plus.ESPN.com. Cardmembers can also redeem Rewards Dollars toward airline purchases including tickets on any airline to any destination with no block-out dates.
• When using Pay Yourself Back®:
  • Redeem on Chase.com within 90 days of purchase
  • Do not load your Disney Rewards Dollars to a Disney Rewards Redemption Card
  • Disney Rewards Dollars will be deducted directly from your account

Disney® Premier Visa® Card

• Redeem Rewards Dollars for a statement credit toward purchases made at most Disney locations in the U.S. and online at Disney sites including DisneyStore.com, DisneyPlus.com, Hulu.com, and Plus.ESPN.com. Cardmembers can also redeem Rewards Dollars toward airline purchases including tickets on any airline to any destination with no block-out dates.
• When using Pay Yourself Back®:
  • Redeem on Chase.com within 90 days of purchase
  • Do not load your Disney Rewards Dollars to a Disney Rewards Redemption Card
  • Disney Rewards Dollars will be deducted directly from your account

Disney® Visa® Card

• Redeem Rewards Dollars for a statement credit toward purchases made at most Disney locations in the U.S. and online at Disney sites including DisneyStore.com, DisneyPlus.com, Hulu.com, and Plus.ESPN.com.
  • When using Pay Yourself Back®:
    • Redeem on Chase.com within 90 days of purchase
    • Do not load your Disney Rewards Dollars to a Disney Rewards Redemption Card
    • Disney Rewards Dollars will be deducted directly from your account

Southwest Rapid Rewards® Consumer Credit Cards 

• Southwest Rapid Rewards Consumer Credit Cardmembers can use Rapid Rewards® points to cover their annual fee at any time during the calendar year. Redemption requests must be made within 90 days of the annual fee transaction date found on your statement.     

Southwest Rapid Rewards® Business Credit Cards  

• Southwest Rapid Rewards Business Credit Cardmembers can use Rapid Rewards® points to cover their annual fee at any time during the calendar year. Redemption requests must be made within 90 days of the annual fee transaction date found on your statement.

Marriott Bonvoy Bold Card

• • Marriott Bonvoy Bold cardmembers can redeem points for a statement credit to cover qualifying travel purchases made directly with airlines or at hotels participating in Marriott Bonvoy®, up to $750 total in redemptions per year.  

I’m not big on Pay Yourself Back myself as I’d much rather transfer points to airline and hotel partners from the Sapphire and Ink cards where I’m getting much more value than PYB will provide. However, others look forward to redeeming via Pay Yourself Back.

The redemptions at over 1 cent per point make sense for those that aren’t traveling. That means you aren’t using transfer partners and you aren’t using the travel portal, so you’d otherwise only get a penny a point and you can get up to 1.5 cents this way, although only up to 1.2 cents if you exclude charities.

I’m not sure why you’d redeem for the 0.8 cpp categories since that is worth less than redeeming your points for a statement credit.

Thoughts?

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