HOW TO USE CHASE PAY YOURSELF BACK + DEMO! (Redeem Chase Points for Statement Credit)

The Chase Pay Yourself Back feature is a great way to redeem Ultimate Rewards points, sometimes as good as travel! Learn how to use the feature so you can put more money in your pocket! Click “Show More” to see Ad Disclosure. 📲 MAXREWARDS - Manage credit cards & rewards! Get Gold level for free with PROMO CODE = markr http://markscreditcards.com/maxrewards 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull BACKGROUND Chase credit cards earn Ultimate Rewards points (exceptions include the cobranded cards with airlines, hotels, etc.). These Ultimate Rewards points can be redeemed for a lot of things, including travel, cash back, gift cards, and more. If you want “cash back,” you actually have 2 options to consider. The 1st is regular cash back. The 2nd is using a feature called Pay Yourself Back. Let’s compare both of them… CASH BACK This is when you redeem your Chase points for cash via statement credit or deposit to a checking or savings account. You can then use your cash back for whatever you like. With this method, 1 point = 1¢ ($0.01), so 10,000 points = $100. PAY YOURSELF BACK This is when you redeem your Chase points for cash via statement credit (no deposit to a bank account) and ONLY in select categories that are available at the time – and they can change over time, too. With this method, 1 point = 1.10¢, 1.25¢, or 1.50¢ each depending on the card you have. - Chase Freedom Flex = 1.10¢ or 1.25¢ per point in very limited categories - Freedom Unlimited = 1.10¢ or 1.25¢ per point in very limited categories - Chase Sapphire Preferred = 1.25¢ per point - Chase Ink Business Preferred = 1.25¢ per point - Chase Sapphire Reserve = 1.50¢ per point HOW TO USE PAY YOURSELF BACK 1. Log into your Chase account 2. Click on a Chase credit card that earns Ultimate Rewards points 3. Click on ‘Redeem’ next to your points balance to go to the Ultimate Rewards portal 4. Once you’re in the rewards portal, go to the Main Menu 5. Select Pay Yourself Back 6. Select the eligible categories you want to cover with points 7. Follow the prompts You’ll receive a statement credit to reduce / cover the cost of your selected purchases within 3 business days, and it will appear on your monthly Chase credit card billing statement within 1-2 billing cycles. Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #chasecreditcards #chaseultimaterewards #chasesapphire