topic Chase Pay Yourself Back in Credit Cards

Chase Pay Yourself Back

Anonymous — Tue, 07 Sep 2021 18:27:02 GMT

DW has the CSR that has seen no travel use in the last two years. We have about 170K points saved but unsure if we should still keep them for (far-future) airline partner flights or use them for the 50% redemption bonus thru PYB. We've already redeemed 26K points for dining & groceries so it's very tempting to do the same with most of our existing points. I wouldn't be asking (today!) if the PYB bonus for dining & groceries is not scheduled to end by the end of the month. What do you think?

Re: Chase Pay Yourself Back

RSX — Tue, 07 Sep 2021 19:21:46 GMT

i would use them

i have a thing about keeping points too long - so i would rather use them, than lose them

Re: Chase Pay Yourself Back

Anonymous — Tue, 07 Sep 2021 19:40:07 GMT

@Anonymous wrote:
DW has the CSR that has seen no travel use in the last two years. We have about 170K points saved but unsure if we should still keep them for (far-future) airline partner flights or use them for the 50% redemption bonus thru PYB. We've already redeemed 26K points for dining & groceries so it's very tempting to do the same with most of our existing points. I wouldn't be asking (today!) if the PYB bonus for dining & groceries is not scheduled to end by the end of the month. What do you think?

Normally with travel you can get better redemption rates with certain travel partners. HOWEVER with the csr those points are worth more and they haven't even said if PYB is ever going to be a feature again after September 30 (for non charity's anyways). So in my opinion id use the points because you'll be getting max value for those transactions instead of once pyb expires. And you can always accumulate more points for travel super quick.

Re: Chase Pay Yourself Back

Anonymous — Tue, 07 Sep 2021 21:57:17 GMT

@RSX wrote:
i would use them

i have a thing about keeping points too long - so i would rather use them, than lose them

It seems more practical that way given all the travel restrictions in place, doesn't it?

Re: Chase Pay Yourself Back

Anonymous — Tue, 07 Sep 2021 22:15:30 GMT

@Anonymous, indeed, the uncertainty of the PYB bonus beyond 09/30 is what prompted me to pose this question. Although, saving our points for future travel is appealing too because we don't earn huge amounts of points outside of food and grocery expenses (though apping for a new card for the SUB is an option). Since we don't travel, it does seem like redeeming points thru PYB is a more practical approach.

Re: Chase Pay Yourself Back

Anonymous — Tue, 07 Sep 2021 22:45:17 GMT

I have used all my UR up using PYB on restaurant expenses. For recent actual travel, I used USB AR points and (separately) AA miles that had gone unused for ages. Certainly not as flexible as UR points, but for now, PYB seems a good use!

Re: Chase Pay Yourself Back

Loquat — Tue, 07 Sep 2021 22:57:46 GMT

OP, I'm hoping that PYB sticks around...and since the CSR didn't get any useful changes (in my opinion) it'd be really nice if they not only kept it around but also for useful categories such as dining and grocery.

I'm on the fence like you are. I'm hoping some sort of info comes out before the end of the month otherwise I've got quite of few that I'm definitely going to cash out. Not all of them...but a good chunk of them for sure.

Re: Chase Pay Yourself Back

Anonymous — Wed, 08 Sep 2021 00:47:15 GMT

@Anonymous wrote:
I have used all my UR up using PYB on restaurant expenses. For recent actual travel, I used USB AR points and (separately) AA miles that had gone unused for ages. Certainly not as flexible as UR points, but for now, PYB seems a good use!

PYB on the CSR is such a great deal. Extending it or making it permanent will make point redemption with Chase a lot more versatile, IMO.

Re: Chase Pay Yourself Back

Anonymous — Wed, 08 Sep 2021 00:57:08 GMT

@Loquat wrote:
OP, I'm hoping that PYB sticks around...and since the CSR didn't get any useful changes (in my opinion) it'd be really nice if they not only kept it around but also for useful categories such as dining and grocery.

I'm on the fence like you are. I'm hoping some sort of info comes out before the end of the month otherwise I've got quite of few that I'm definitely going to cash out. Not all of them...but a good chunk of them for sure.

I'm doubtful that we'll get any good PYB news before the end of the month. If nothing changes in 2 weeks, then DW and I will most certainly end up emulating you: cash out a good chunk of our UR points.

Re: Chase Pay Yourself Back

NRB525 — Wed, 08 Sep 2021 11:25:04 GMT

PYB has to be redeemed on specific types of charges, within a certain time frame? Or you can reach back several months to get appropriate charges to PYB? Posing the question because that's a lot of points to redeem.

I agee that using PYB at a known 1.5c today makes sense given that future travel value is a potential devalue proposition.

Is DW keeping the CSR? Because that's a significant AF ( $250 net now? ) with no travel usage.

Re: Chase Pay Yourself Back

Anonymous — Wed, 08 Sep 2021 13:29:14 GMT

@NRB525 wrote:
PYB has to be redeemed on specific types of charges, within a certain time frame? Or you can reach back several months to get appropriate charges to PYB? Posing the question because that's a lot of points to redeem.

Yes, it is restricted to certain types of charges, and you have, I think, 90 days from the posting of the charge

Re: Chase Pay Yourself Back

Anonymous — Wed, 08 Sep 2021 14:28:55 GMT

@NRB525, DW is keeping it for another year mainly because the PYB bonus currently applies to the AF. If Chase extends this program beyond 2021, then she might keep the card longer even with travel restrictions in place. If not, then a PC to the CSP will be on the horizon.

To add to @Anonymous's response, here are the current redemption categories for PYB:

Dining - ends 09/30/21

Grocery Stores - ends 09/30/21

Home Improvement Stores - ends 09/30/21

Select Charities - ends 12/31/22

Annual Membership Fee - ends 12/31/21

Fund a Vaccine Ride with Lyft - ends 09/30/21