Great news for Chase cardholders! Chase is extending its popular "Pay Yourself Back" feature through at least December 2025. If you're not familiar, this lets you redeem your Chase Ultimate Rewards points for statement credits against purchases in certain categories. Think of it like using your points to directly "erase" eligible expenses.

Why should you care? Well, if you have a Chase Sapphire Preferred, Sapphire Reserve, or any of the Ink business cards, this is a fantastic way to get more value from your points. Even better, United, Southwest, and Aeroplan cardholders also get in on the action! Instead of just transferring points to partners for travel, you have the flexibility to use them for everyday expenses and still get a decent redemption rate.

The specific categories that qualify for "Pay Yourself Back" can vary by card and promotion, so be sure to check your account details. But overall, this extension gives you more options and control over how you use your Chase points, making them even more valuable in the long run. It's a win-win for maximizing your rewards!