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Like many other Chase cards, the Aeroplan® Credit Card (Rates & Fees) participates in Pay Yourself Back. Through this program, you can redeem Aeroplan points for eligible charges and get up to 1.25¢ in value per point.
Here’s a quick overview of how Pay Yourself Back works with the Aeroplan Card and which types of charges you can cover with your points.
- Earn 75,000 bonus points
- Earn 75K bonus points after you spend $4,000 on purchases in the first 3 months your account is open.
- $95 Annual Fee
- Redeem points for both international and domestic flights with the Aeroplan® Credit Card.
- Fly to another continent and travel the world with the Aeroplan® Credit Card.
- Earn 3X points for each dollar spent at grocery stores, on dining at restaurants, and Air Canada directly. Earn 1X point for each dollar spent on all other purchases.
- 500 bonus points for every $2,000 you spend in a calendar month - up to 1,500 points per month.
- Member FDIC
- Rates & Fees
- 3x points directly with Air Canada
- 3x points on dining, including takeout and eligible delivery services
- 3x points at grocery stores
- 1x point on all other purchases
Page Contents
Pay Yourself Back With the Aeroplan® Credit Card
With the Aeroplan Card, you can use Pay Yourself Back for four categories: travel purchases, the card’s annual fee, dining and groceries, and a rotating promotional category. Here’s a closer look at each option.
Travel purchases
Aeroplan points are worth 1.25¢ each when redeemed through Pay Yourself Back for eligible travel purchases. For example, if you want to cover a $100 flight, hotel, or rental car, you’d need to redeem 8,000 points to receive a $100 statement credit.
This option was previously unlimited, but starting in 2025, Chase imposed a cap. Now, you can redeem up to 200,000 points per calendar year toward travel, which equals up to $2,500 in statement credits.
To redeem this way, you must manually request a statement credit within 90 days of the transaction and no later than December 31, 2025.
Annual fee
In addition to covering travel purchases, Aeroplan Card holders can also redeem points at 1.25¢ each to offset the card’s annual fee. At that rate, it takes 7,600 Aeroplan points covers the full cost of the card’s $95 annual fee.
While that may seem like a relatively small number of points, it’s still worth thinking about the potential travel value those points could unlock if used for award travel.
Dining and groceries
Wouldn't it be nice to dine out or grab groceries without paying out of pocket? With Pay Yourself Back, that’s possible. You can redeem Aeroplan points at 0.8¢ each toward eligible dining and grocery purchases (excluding Walmart and Target). That means 12,500 points covers a $100 charge.
It’s not the most valuable way to redeem your points, but it’s worth keeping in your back pocket if you need to use it.
Rotating promotional categories
The fourth option is a rotating category where you can redeem points at 0.8¢ each toward specific types of purchases. On July 1, Chase added this quarter’s categories: select utilities and select department stores. Just like with dining and groceries, 12,500 points gets you a $100 statement credit.
But here’s the interesting part: rather than rotating out categories each quarter, Chase keeps adding new ones throughout the year. That means you can still redeem for earlier categories through December 31, 2025.
Here’s the full 2025 promotional category calendar and an early look at what’s being added on October 1:
- April 1 – December 31: Gas stations and home improvement stores
- July 1 – December 31: Utilities and department stores
- October 1 – December 31: Amazon.com (rate to be confirmed)
Does It Make Sense to Pay Yourself Back Using Aeroplan Points?
Of the four ways to redeem Aeroplan points through Pay Yourself Back, two stand out. Travel purchases and covering the Aeroplan Card annual fee both offer a respectable 1.25¢ per point. That's far better than the 0.8¢ per point you’ll get for dining, groceries, or the promotional category.
That said, unless you're sitting on a mountain of Aeroplan points or really value the flexibility of covering eligible charges, you’re probably better off redeeming for award flights. That’s because flights often offer significantly more value per point.
For context, here’s a look at what AwardWallet users have recently received for their Aeroplan redemptions, broken down by cabin:
- International business class: 2.63¢ per point
- Domestic/regional business class: 2.56¢ per point
- International economy class: 1.28¢ per point
- Domestic/regional economy class: 1.21¢ per point
As you can see, some redemptions offer more value than others. Economy flights typically don’t deliver as much value as business class, so if you’re looking at booking an economy award, it’s worth doing the math. Try to compare the value you’d get redeeming Aeroplan points for the flight versus booking it outright and using Pay Yourself Back at 1.25¢ per point.
In short, sometimes it’ll make a lot of sense to use Pay Yourself Back; other times, the juice might not be worth the squeeze. It really comes down to how you personally value your Aeroplan points.
Related: All About the 45+ Airlines You Can Book Using Aeroplan Points
Bottom Line
One of the neat features of the Chase issued Aeroplan Card is that it’s eligible for Pay Yourself Back. This lets you redeem Aeroplan points to cover certain charges at a fixed rate, either 0.8¢ or 1.25¢ per point depending on the category.
That said, unless you’ve got more Aeroplan points than you know what to do with or you really value the dollar savings, you’re probably better off using your points to book aspirational award itineraries. That’s where Aeroplan points typically deliver the most value.
- Earn 75,000 bonus points
- Earn 75K bonus points after you spend $4,000 on purchases in the first 3 months your account is open.
- $95 Annual Fee
- Redeem points for both international and domestic flights with the Aeroplan® Credit Card.
- Fly to another continent and travel the world with the Aeroplan® Credit Card.
- Earn 3X points for each dollar spent at grocery stores, on dining at restaurants, and Air Canada directly. Earn 1X point for each dollar spent on all other purchases.
- 500 bonus points for every $2,000 you spend in a calendar month - up to 1,500 points per month.
- Member FDIC
- Rates & Fees
- 3x points directly with Air Canada
- 3x points on dining, including takeout and eligible delivery services
- 3x points at grocery stores
- 1x point on all other purchases
For rates and fees of the cards mentioned in this post, please visit the following links: Aeroplan® Credit Card (Rates & Fees)
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