Chase Aeroplan: Pay Yourself Back On Travel Purchases (1.25¢ Per Point), Dining & Grocery Added (0.8¢ Per Point)

Update 10/3/24: Now showing an end date of 12/31/25. Hat tip to Dugroz Reports

Update 7/1/24: Dining & Grocery have been added (0.8¢ Per Point). Valid until 12/31/24

Update 4/1/24: This has been extended until 12/31/24.

Update 1/13/23: Now live, in addition works for all Aeroplan points not just those earned on this card (although apparently it’s only supposed to be points earned on this card and transferred from Chase UR).

Starting January 13, 2023 Chase Aeroplan cardholders will be able to ‘pay yourself back’ using miles towards travel purchases at a rate of 1.25¢ per point. There is no cap on redemptions for this calendar year but for future years there is a cap of 50,000 points. Chase defines travel as:

Merchants in this category include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages. Some merchants that provide transportation and travel-related services are not included in this category; for example, real estate agents, educational merchants arranging travel, in-flight goods and services, on-board cruise line goods and services, sightseeing activities, excursions, tourist attractions, RV and boat rentals, merchants within hotels and airports, public campgrounds and merchants that rent vehicles for the purpose of hauling. Purchases from gift card merchants or merchants that sell points or miles will not qualify in the travel category.

Interesting to see Chase rolling out pay yourself back on non branded cards. 1.25¢ per point is actually better than I expected. Current offer of 70,000 points is worth $875 towards travel (although there is a $95 annual fee).

Hat tip to harry_hotspur

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Guy Who Buys Stuff
Guy Who Buys Stuff (@guest_1925449)
October 4, 2024 09:54

It’s a head scratcher why they would ever offer <1:1 when I can just cash on any PYB categories when I can just “pay myself back” with cash option.

Lrdx
Lrdx (@guest_1925787)
October 4, 2024 17:05

This is the Aeroplan card, not Sapphire, there’s no cashout option.

Dugroz Reports
Dugroz Reports (@guest_1923158)
October 1, 2024 21:53

In my Aeroplan card on my Chase app, PYB is now showing as extended through 12/31/2025. No comment on a cap. Same categories, same rate (still 1.25 cpp for travel).
Hat tip — me 🙂 – https://youtube.com/live/LIPFSTVPTv0?feature=share

RK
RK (@guest_1925159)
October 3, 2024 22:50

if they keep it uncapped, that would be amazing

zduss
zduss (@guest_1925195)
October 3, 2024 23:24

If this stays uncapped wouldn’t that make the chase Aeroplan the best card in the whole damn game right now?

Avi
Avi (@guest_1925241)
October 4, 2024 00:26

You can’t transfer points, so you can’t get outsized values from your points ever. But otherwise for most folks that don’t care for transfer partners, this is the single best card out there.

cameron
cameron (@guest_1896895)
August 21, 2024 14:04

you can pay the annual fee at 1.25 cpp. dont see that mentioned.

im hoping the travel 1.25 redemption is extended past dec.31

cameron
cameron (@guest_1869617)
July 4, 2024 14:05

as long as i can keep feeding in UR points this seems like a keeper card for me. I can just load it up prior to vacations and dine at my hotel with it using PYB.

cameron
cameron (@guest_1871368)
July 8, 2024 21:00

i went ahead and got one. Was surprised how high the credit limit was: $35000

Sammy
Sammy (@guest_1868020)
July 2, 2024 01:56

The ability to transfer from Chase Ultimate Rewards to Aeroplan with the current 20% bonus means you have an unlimited supply of 1.5 cents/dollar (1.25 cents/point + 20% bonus) on all travel purchases AND you earn the miles for the spend on the Aeroplan card. Add the Chase Aeroplan/Ultimate Rewards 10% bonus (capped at 25k bonus miles/calendar year) and it gets you up to 1.62 cents/point of value. I’ve “spent” more than a million Chase points this year using this benefit. Pretty tremendous value if you are getting a good cash travel deal to begin with.

Usernamechuck
Usernamechuck (@guest_1870541)
July 6, 2024 20:02

I completely agree – though we’re far from using 1M points. Paying for much of Europe trip this way, since hotels for a family are hard there.

It’s also a way to cover hefty BA taxes and fees – probably not what they intended…

Joe H
Joe H (@guest_1867670)
July 1, 2024 15:40

 William Charles I’m showing new PYB categories of Dining and Grocery Stores valid through 12/31/24. I am able to redeem purchases made in June, which is nice since these are 3x Aeroplan categories.

The fact the redemption cap is extended until the end of the year makes it really tempting to cash out a good number of Aeroplan and MR points, especially with the 20% transfer bonus from MR and the 10% bonus for holding the Chase Aeroplan card.

Toad
Toad (@guest_1868014)
July 2, 2024 01:31

Well…have fun with your ban if you do that. This is a well known reason for Chase bans.

cameron
cameron (@guest_1869603)
July 4, 2024 13:46

where do you see dining and grocery for PYB? I still show TRAVEL on the terms.

RK
RK (@guest_1848032)
May 22, 2024 04:20

 William Charles Looks like they have now extended the “unlimited” points redemption allowance until 12/31/24 too. A 50,000 annual redemption cap was due to take effect on 6/30/24.

https://www.chase.com/personal/credit-cards/aeroplan-pay-yourself-back

cameron
cameron (@guest_1831628)
April 16, 2024 12:44

this is a great deal for miscellaneous tavel expenses like extended parking at hotels and hotel restaurants, both of which i do frequently. I used usbank atitude reserve in the past but thats only $325 towards travel.

Abbie Charette
Abbie Charette (@guest_1824533)
April 2, 2024 12:25

Where did you see this extension? When I go on the Chase Aeroplan website it still says it expires June 30,2024.

cameron
cameron (@guest_1831653)
April 16, 2024 13:55

ive seen it mentioned on other websites, but i havent found it on a chase website.

Sammy
Sammy (@guest_1845103)
May 15, 2024 12:14
RK
RK (@guest_1824365)
April 2, 2024 02:21

I wonder will they extend the unlimited $ on PYB until December or will they bring in th elimit of 50k points a year then