Chase has added a ‘Pay Yourself Back’ feature to their Marriott Bold card at a rate of .8 cents-per point on airline purchases and Marriott hotel purchases. There is a limit of $750 per year which can be redeemed with this method.
Nice cashout rate on these points. Some cashback folks might start finding these cards interesting for their signup bonuses as a cash-equivalent signup bonus. Personally I don’t spend much on either of those categories so it’s not an easy one for me.
As far as I know, only the Bold card has this Pay Yourself Back option currently.
Use Marriott Bonvoy® Points With Pay Yourself Back®: Marriott Bonvoy points may be redeemed for a statement credit using Pay Yourself Back for purchases made with your Marriott Bonvoy Bold® Credit Card from Chase on airline tickets made directly with the airline and purchases at hotels participating in Marriott Bonvoy® on up to $750 total in redemptions per year. For information about Chase rewards categories, see chase.com/RewardsCategoryFAQsOpens in same window. Go to marriottbonvoy.com/aboutOpens overlay for a list of hotels participating in Marriott Bonvoy. Categories may change from time to time without notice. Points can be redeemed for a statement credit in any increment, towards qualifying purchases with Pay Yourself Back at a value of $100 for every 12,500 points. Redemptions require a minimum of 1 point and a maximum of 12 transactions selected in a single order. Chase has the right to change redemption values at any time. Statement credits will appear on your credit card billing statement within 1-2 billing cycles. Statement credits will reduce your balance but you are still required to make at least your minimum monthly payment. Chase reserves the right to determine which purchases qualify for a statement credit.
1,000 points at .8 cents per point might get you a cup of coffee
Choose Delta so you can stay thirsty my friends