Chase Aeroplan Pay Yourself Back Explained in Detail

The Chase Aeroplan Pay Yourself Back feature is a game-changer for frequent travelers. You can earn Aeroplan points on your purchases and then redeem them for travel expenses, effectively paying yourself back.

To be eligible, you need to have an Aeroplan credit card from Chase and have made at least $1,000 in purchases within the past 30 days. This is a relatively low bar to clear, making it accessible to many users.

The feature also offers a 25% points bonus on top of your regular purchase earnings, which can add up quickly. For example, if you earn 3 points per dollar on a $1,000 purchase, you'll get 3,000 points plus a 25% bonus, bringing your total to 3,750 points.

To redeem points through Chase Pay Yourself Back, you'll need to log in to your card account and enter the rewards section.

You'll be prompted to select which card rewards you want to use, since Pay Yourself Back is directly tied to your previous card charges.

Select the card you used for your intended purchase transaction.

Chase will list all purchases eligible for Pay Yourself Back, with the number of points required to credit this purchase to your account.

Check the box next to the eligible purchases for which you want to redeem points.

Points are redeemable for eligible purchases within the prior 90 days, and you can select up to 12 purchases at a time.

Click Continue at the bottom of the page to proceed.

On the next page, you'll be asked for confirmation on the number of points being redeemed.

Note that if your points only partially cover an expense, that expense becomes ineligible for points redemption at a later date.

If you're looking for ways to pay off your personal loan, Chase offers a convenient option through their Pay Yourself Back feature. This feature allows you to redeem your Chase Ultimate Rewards points for statement credits, which can be applied directly to your loan balance.

You can use Pay Yourself Back for various purchases, including gas stations, utilities, insurance, fitness clubs and gym memberships, and even your annual fee on certain Chase cards. The redemption value varies depending on the card you hold, but it's typically around 1.25 cents per point.

Chase updates the qualifying purchase categories periodically, so it's essential to check your card's terms and conditions to see what's eligible. Additionally, not all purchases qualify for Pay Yourself Back, so make sure to review the categories before making a purchase.

You can use Pay Yourself Back to pay off your personal loan balance by redeeming your points for statement credits. The credit will be posted to your account within three business days of the request and will be printed on your next billing statement. This can help reduce your balance, but keep in mind that it doesn't count as a payment – you'll still need to make at least the minimum payment as shown on your statement.

Here's a breakdown of the redemption rates and eligible categories for different Chase cards:

You can also use Pay Yourself Back to donate to eligible charities, such as the American Red Cross, Feeding America, and UNICEF USA. These charities are listed on the Chase website, and you can redeem your points for a statement credit to support a good cause.

The Chase Aeroplan Pay Yourself Back feature is a great way to earn rewards on your credit card purchases. You can earn points on your original purchases and then redeem them through Pay Yourself Back.

If you have the Aeroplan Credit Card, you'll earn 3 points per dollar spent on dining, takeout, and eligible delivery services, grocery stores, and Air Canada purchases. This means a $100 Air Canada transaction would earn 300 points.

You can redeem your points through Pay Yourself Back to reimburse yourself for eligible transactions. The redemption value varies depending on the card you hold, but with the Aeroplan Credit Card, you can redeem 1.25 cents per point for annual fees and travel purchases, and 0.8 cents per point for grocery stores and dining.

Here are the redemption rates for different cards that offer Pay Yourself Back:

You can use Pay Yourself Back to reimburse yourself for a variety of eligible transactions, including annual fees, travel purchases, and more.

You can use the Chase Pay Yourself Back feature to reimburse yourself for travel transactions, such as flights booked through the Chase Travel portal. This way, you can avoid paying cash or waiting for award availability.

If you have the Aeroplan Credit Card, earning 3 points per dollar spent on Air Canada purchases, it makes sense to use the card for those charges. A $100 Air Canada transaction would earn 300 points.

By redeeming 8,000 points at 1.25 cents each, you can cover the cost of a $100 Air Canada transaction, using just 7,700 points from prior earnings.

The Chase Travel portal is a great option for booking flights, especially if you have the Chase Sapphire Reserve card, which makes your points worth 1.5 cents apiece.

Aeroplan Pay Yourself Back is a feature that allows you to redeem your points for statement credits on your Aeroplan Credit Card. This feature is directly tied to your previous card charges, so you'll need to select the card you used for your intended purchase transaction.

You can redeem points for eligible purchases within the prior 90 days, and you can select up to 12 purchases at a time. Points are redeemable for eligible purchases, and if your points only partially cover an expense, that expense becomes ineligible for points redemption at a later date.

The redemption value for Aeroplan Pay Yourself Back varies depending on the type of purchase. For example, you can redeem points for annual fee (within 90 days of billing) and travel purchases, grocery stores, and dining at a rate of 1.25 cents per point. However, for grocery stores and dining, the redemption value is lower at 0.8 cents per point.

Here are some examples of how you can use Aeroplan Pay Yourself Back:

Overall, Aeroplan Pay Yourself Back provides valuable flexibility for Aeroplan Credit Card holders, allowing you to redeem points for statement credits on your card account.