Update 1/1/25: Extended through 12/31/25. The 1.25% Travel category is now limited to 200k points per year ($2,500 in Travel purchases).
Update 12/18/24: Interestingly this is now showing 12/31/24 instead of 12/31/25
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
@William Charles I second what prologer says, they’ve added a 200k cap for 2025. Previously there was no capp with a 12/31/25 end date.
Seems that it was extended to the end of this year but with an annual limit of 200 000p.
Still better than the original 50 000 limit which they mentioned.
Not sure if they kept the 1.25cpp ration, thought.
Ratio is the same.
Now extended till 12/31/25 with 200k points cap.
if this is really happening what is the best strategy for using the points? Air Canada gift cards are 1:1 but i cant use that. the other gift card redemptions are lousy. My vacation in April 2025 is already booked, meaning i would have to prepay for 2026 travel to get the 1.25 redemption. i guess i could try to re-book with the Aeroplan card.
ideas?
This is shady way to do business if true. I applied for the card after seeing it got extended to 2025 since I have plenty of travel plans next year. would be fine if they introduce an upper limit but to remove it completely suddenly is unacceptable.
Ok now all my miles are gone. Why can’t chase just have a notification that system maintenance is happening. I hope that’s all it is
This is terrible. on the chase pyb site is says.
Travel
Valid through 12/31/24
before it said 12/31/25 bad news if true.
Website has slightly different wording tonight (on main Chase landing page). Instead of saying “no limit through 12-31-24” it has no comment at all of that nature.
aeroplan is the worst. many flights I am interested only available to book with cash. the reward points are useless
Really strange they would move the date backwards by one year like that. I’m nervous, but I think it is most likely a mistake.