New Chase ‘Pay Yourself Back’ Categories, Redeem Points For Dining & Airbnb

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Chase has updated its “Pay Yourself Back” categories. Here’s how each card will let you spend points, in addition to options with some cards like transferring to airline miles and hotel points or redeeming directly for travel or gift cards.

  • Chase Sapphire Preferred® Card: Redeem points at 1.25 cents apiece for Away luggage and Airbnb through March 31, 2022. Redemptions at 1.25 cents continue to be available for a dozen charities through December 2022.

  • Chase Sapphire Reserve®: Redeem points at 1.5 cents apiece for Away luggage, Airbnb, and dining (including takeout and delivery) through March 31, 2022. Redemptions at 1.5 cents continue to be available for a dozen charities through December 2022.

  • Ink Business Preferred® Credit Card (and legacy Ink Plus): Redeem points at 1.25 cents apiece for shipping, internet, cable and phone services and charitable contributions plus advertising purchases made with social media sites and search engines through December 31, 2021.

  • Ink Business Cash® Credit Card and Ink Business Unlimited® Credit Card: Through December 31, 2021 redeem points at 1.1 cents apiece on internet, cable and phone services and 1.25 cents apiece for eligible charitable contributions.

  • Chase Freedom Unlimited® and Chase Freedom FlexSM: Redeem points at 1.25 cents apiece for donations to a dozen charities through December 31, 2021.

The biggest news and changes here are the Sapphire categories. Airbnb isn’t going to be useful to everybody, but this provides a way to redeem points for homesharing at ‘full value’ and that’s actually a unique benefit for a credit card. For years by the way Airbnb has been expected to do a co-brand credit card and hasn’t. Not only does this let Chase cardholders break out of loyalty to a single airline or hotel chain for points-earning, it lets cardholders break free of hotels. I can’t imagine their major hotel partners are happy about this.

Overall the categories may not be as useful as home improvement stores and groceries, but retaining dining for Sapphire Reserve cardmembers means most of those customers will have no problem using their points to effectively ‘cash out’ at 1.5 cents apiece against spend they’d do anyway converting points into money in the pocket.

In any case, ‘Pay Yourself Back’ remains a great new feature of Chase’s own-branded suite of cards. And the Chase Sapphire Preferred® Card‘s 100,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening remains incredible.

I’ll still be using most of my points for transfers to loyalty programs, though at 1.5 cents apiece I might even consider Airbnb though all the fees and general non-cancellability of many bookings may still stop me.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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  1. I’ve used AirBnb all over the US and Europe and with the exception of a couple of minor issues have been extremely happy. I always make sure of the host ratings and if there isn’t sufficient info in the posting, I either ask for more info from the host or just pick another. Yeah, the cleaning fees and pet fees etc. can be onerous, but again, there are usually a lot of places to choose from and not all charge exorbitant fees. All that said, I do like full-service hotels also. Depends on the why of my travel and the length of my stay. I’m gonna have to see about this 1.25 pts on my Preferred. Sounds pretty good.

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