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Chase Devalues: Pay Yourself Back with Newer Lesser Categories
This is good news and bad news. Chase has extended Pay Yourself Back. It is possible that it will continue at this point, but with rotating options every 3-6months.
Unfortunately, it is not easy for many to cash out large amounts in the new categories. Some will enjoy the new options, particularly frequent Airbnb users. However, many people have a much easier time buying groceries.
New categories for paying yourself back
Pay Yourself Back categories offer 50% more value You can redeem your points to get statement credits towards Airbnb, Away, and dining purchases before March. 31.
Pay Yourself Back categories offer 25% more value Redeem points to get statement credits towards Airbnb and Away purchases before March. 31, 2022
The current Pay Yourself Back Categories
These charges will end today, so you can make some charges if it is something that you need. After the charges are paid, you should be able claim it.
Grocery shops
Dining (including take-out and restaurants)
Lowes and Home Depot are home improvement stores.
Quick Take
Groceries are my favorite category to spend a lot of money in. Anyone doing a home renovation etc. The same could be said for home improvement shops. Airbnb is a welcome addition, but it's not my thing. It is impossible to get it up unless your travels are extensive.
It's interesting to note that the Chase Sapphire Reserve does not include dining. Both can redeem it. This can be a large area for spending so make sure you have the CSR.
Chase Devalues Get Yourself Back Last Thoughts
Although it's great to see Chase keep the Pay Yourself Back program going, I was a bit skeptical about the possibility that the new categories would be able to reach the maximum number of people. I'm sure that many will enjoy the addition of a travel option in Airbnb and Away. For those who have already snagged the Chase Sapphire Preferred 100K welcome deal, it is a little too restrictive to limit dining options for CSR.
What do you think about the changes? Please let me know your thoughts below.
Hat Tip: Doctor Credit
