Chase Pay Yourself Back Q4 categories: worth it?

Chase's Pay Yourself Back feature is back in the news for the fourth quarter of 2026, according to The Points Guy. The benefit, part of Chase Ultimate Rewards, lets cardholders redeem points for statement credits on eligible purchases at a value that can approach what you'd get booking travel.

Which cards are eligible?

The program covers a range of Chase cards, including cobranded options from Southwest Airlines, United Airlines, Air Canada Aeroplan, and Marriott Bonvoy Bold. The Points Guy notes that these offers run through Dec. 31.

Q4 2026 categories

The exact categories for this quarter are listed on Chase's site. One example The Points Guy highlights: a Chase Sapphire Reserve cardholder gets $150 in statement credit when redeeming 10,000 points for an eligible charity donation. That same 10,000 points would yield only $100 if used for most other purchases.

How to redeem

Log into your Chase account via the mobile app or desktop, find the Pay Yourself Back option in the redemption menu, and pick eligible purchases from the last 90 days. You can offset part or all of a purchase, subject to caps. The statement credit typically posts within a week, says The Points Guy.

Is it worth it?

Pay Yourself Back is a straightforward way to use points when you can't book travel or want a simple redemption. But it's not the maximum value possible. The traditional cash-back option gives just 1 cent per point, while The Points Guy places Ultimate Rewards at 2.05 cents per point as of October 2026. Whether you should use Pay Yourself Back depends on your travel plans, point balance, and whether the statement credit helps your budget. If the current categories don't fit, check back when Q1 2027 categories are announced.

• Chase
• credit cards
• Pay Yourself Back
• Q4 2026
• redemption
• Ultimate Rewards