Not too long ago, Chase added the ability to “pay yourself back”. This basically mimics other programs that “erase” the charges on your statement by using points. Depending on the card you have, this would work out to either 1.25 or 1.5 cents per point. Instead of just travel like some other programs, this included: grocery stores, dining and home improvement stores. Well, Chase has just added another category that would count for the pay yourself back program.
Chase has added select charities to the list of things that can be used to Pay Yourself Back. The charities listed below are ones that currently count:
- Feeding America
- World Central Kitchen
- Habitat for Humanity
- Equal Justice Initiative
- Leadership Conference Education Fund
- NAACP Legal Defense and Educational Fund
- National Urban League
- Thurgood Marshall College Fund
- United Negro College Fund
- International Medical Corps
- American Red Cross
- United Way
The one caveat here is that you should donate to the parent organization, and not the local chapter. It’s possible that the local chapter may not be eligible for the Pay Yourself Back promotion.
It’s nice to see that giving money away to those in need can help you out as well. In addition to being eligible for the Pay Yourself Back program, there is also an additional benefit of giving money away to charity. There’s a tax incentive! You can submit the donation as a tax write off, so if you choose to do this, make sure you have a copy for your own records.
What do you think about this promotion? Are there any other charities you would like to see on the list? Let us know down in the comment section below!