Chase Aeroplan Card Pay Yourself Back Feature: Redeem For Travel

Link: Apply now for the Aeroplan® Credit Card

The Aeroplan® Credit Card (review) is a popular co-branded airline credit card, which is quite lucrative. The card offers a unique Pay Yourself Back feature, which you won’t find on many airline cards. This has been adjusted a bit for 2025, so let’s cover the details of how it works.

Chase Aeroplan Card Pay Yourself Back basics

With the Aeroplan Credit Card‘s Pay Yourself Back feature, cardmembers can redeem their Aeroplan points for 1.25 cents each toward any purchase in the travel category. That’s right — it’s possible for cardholders to redeem their Aeroplan points for everything from Spirit Airlines flights, to Four Seasons hotel stays.

To cover some of the basic terms associated with this:

• You can charge any eligible travel purchase to your Aeroplan Credit Card, and then reimburse yourself for that purchase within 90 days from the redemption date
• You’re restricted to redeeming 200,000 points per year this way
• Statement credits will post to your account within three business days, and will appear on your credit card billing statement within one to two billing cycles
• Eligible travel purchases include airlines, hotels, motels, timeshares, car rental agencies, cruise lines, travel agencies, discount travel sites, campgrounds, passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking lots and garages

Note that in addition to being able to redeem toward travel at the rate of 1.25 cents per point, you can also use the Pay Yourself Back feature to pay the annual fee, or pay for dining and groceries, with no annual limits. However:

• Annual fee redemptions get you 1.25 cents of value per point
• Dining and grocery store redemptions get you 0.8 cents per point

Below, you can see some screenshots of the process of using the Pay Yourself Back feature (sadly this isn’t my account… I don’t have that many Aeroplan points!). When you’re logged into your Chase account, you can just click the “Pay Yourself Back” button.

Then you can select from eligible transactions, to decide which you want to redeem points for.

You’ll then be given the option of how many points you want to redeem. You can apply points toward all or part of the purchase cost, assuming you have enough points.

And then you’ll receive confirmation that you’ve initiated the Pay Yourself Back feature, and a statement credit will soon appear on your account.

Can all Aeroplan points be redeemed with Pay Yourself Back?

The Chase Aeroplan Pay Yourself Back feature is exclusively available for those with the Aeroplan Credit Card. One common question, however, is which Aeroplan points cardmembers can redeem through the Pay Yourself Back feature. After all, Aeroplan is a transfer partner with Amex Membership Rewards, Capital One, and Chase Ultimate Rewards.

Do the points have to be earned with the Aeroplan Credit Card, or can you convert points from other currencies and then redeem them this way? I’ve asked Aeroplan contacts about this, and the intention is that this feature be used for points earned with Chase:

• This means you can not only redeem points earned with your Aeroplan Credit Card, but you can also redeem points transferred from Chase Ultimate Rewards to Aeroplan this way
• However, the intention isn’t that points transferred over from Amex Membership Rewards and Capital One be redeemed this way

Now, practically speaking, it’s not like your Aeroplan points balance is broken down into your points acquired through Chase and your points not acquired through Chase. My interpretation would be that some mixing of points is fine, like if you have a small balance of points through other means, as long as you’re acting within the spirit of the program.

So I imagine if you transfer a million points from Amex to Aeroplan and then use those points for Pay Yourself Back, you may be in trouble. Meanwhile, if you have 500,000 Aeroplan points and a small percentage of those were earned through non-Chase means, I can’t imagine that would be an issue. Again, that’s just my interpretation. I always recommend acting within the spirit of these programs, or else you might find yourself in a bad situation.

Why the Aeroplan Pay Yourself Back Feature is valuable

Should everyone with the Aeroplan Credit Card redeem their points using the Pay Yourself Back feature? No, absolutely not. But I think this is also much more lucrative than first meets the eye.

Aeroplan is one of my favorite frequent flyer programs, and personally I value Aeroplan points at 1.5 cents each, thanks to all the amazing ways there are to redeem Aeroplan points. Aeroplan has dozens of airline partners, and on top of that allows stopovers for just 5,000 extra points. Aeroplan points give you incredible potential to redeem for first & business class flights.

However, this Pay Yourself Back feature gives you an impressive amount of flexibility with your Chase Ultimate Rewards points. So if you have a card like the Chase Sapphire Preferred® Card (review), you should now seriously consider picking up the Aeroplan Credit Card.

So, why is this so awesome?

• You’ll get up to 1.25 cents per Chase Ultimate Rewards point if you’re a cardmember
• This is potentially more advantageous than redeeming through the Chase Travel Portal, since you can truly book however you’d like; you can book your hotel stay directly with your preferred hotel so you can take advantage of loyalty perks and you can even book a hotel rate with your preferred corporate rate code
• While the Chase Sapphire Reserve® Card (review) allows redemptions for 1.5 cents each through the Chase Travel Portal, personally I think there could be merit to redeeming points for less and being able to book how you’d like, given all the additional opportunities that opens up

Being able to cash out Chase points for 1.25 cents each, without any sort of a booking method requirement, is quite worthwhile. It’s especially useful for those who want flexibility, and who struggle to maximize points in the traditional way.

The Aeroplan Credit Card is worth another look

If you don’t yet have the Aeroplan Credit Card, I think this card is seriously worth considering.

• The card is offering a welcome bonus of up to 70,000 Aeroplan points — Earn 60K bonus points after you spend $3,000 on purchases in the first 3 months your account is open. Earn 10K bonus points after your annual fee renewal payment posts and is paid in full.
• With the Pay Yourself Back feature, you could use 50,000 points for $750 worth of travel of your choice, with hotels, flights, rental cars, etc.
• This in my opinion the most innovative co-brand airline card we’ve seen in terms of the rewards structure, the spending bonuses, the ability to earn status, and the general perks

Even if you’re not huge into Aeroplan, I think most would agree that being able to now redeem these rewards to erase virtually any travel purchase is a phenomenal opportunity.

Bottom line

The Aeroplan Credit Card has a valuable Pay Yourself Back feature. Cardmembers can redeem Aeroplan points for 1.25 cents each toward almost any travel purchase (up to 200,000 points per year), by using their points to erase the cost of that purchase. While savvy travelers can get well over 1.25 cents of value per Aeroplan point, I think this is a pretty exciting option for the Chase Ultimate Rewards ecosystem overall.

Do you see value in the Aeroplan Credit Card’s Pay Yourself Back feature?