We study the magnetization process of a one-dimensional extended Heisenberg model-the J-Q model-as a function of an external magnetic field, h. In this model, J represents the traditional antiferromagnetic Heisenberg exchange and Q is the strength of a competing four-spin interaction. Without external field, this system hosts a two-fold degenerate dimerized (valence-bond solid) state above a critical value qc ≈ 0.85 where q ≡ Q/J. The dimer order is destroyed and replaced by a partially polarized translationally invariant state at a critical field value. We find magnetization jumps (metamagnetism) between the partially polarized and fully polarized state for q > qmin, where we have calculated qmin = 2/9 exactly. For q > qmin two magnons (flipped spins on a fully polarized background) attract and form a bound state. Quantum Monte Carlo studies confirm that the bound state corresponds to the first step of an instability leading to a finite magnetization jump for q > qmin. Our results show that neither geometric frustration nor spin-anisotropy are necessary conditions for metamagnetism. Working in the two-magnon subspace, we also find evidence pointing to the existence of metamagnetism in the unfrustrated J1-J2 chain (J1 > 0, J2 < 0), but only if J2 is spin-anisotropic. In addition to the studies at zero temperature, we also investigate quantumcritical scaling near the transition into the fully polarized state for q ≤ qmin at T > 0. While the expected "zero-scale-factor" universality is clearly seen for q = 0 and q qmin, for q closer to qmin we find that extremely low temperatures are required to observe the asymptotic behavior, due to the influence of the tricritical point at qmin. In the low-energy theory, one can expect the quartic nonlinearity to vanish at qmin and a marginal sixth-order term should govern the scaling, which leads to a cross-over at a temperature T * (q) between logarithmic tricritical scaling and zero-scale-factor universality, with T * (q) → 0 when q → qmin.