Replace 4/1/24: This has been prolonged till 12/31/24.
Replace 1/13/23: Now dwell, as well as works for all Aeroplan factors not simply these earned on this card (though apparently it’s solely presupposed to be factors earned on this card and transferred from Chase UR).
Beginning January 13, 2023 Chase Aeroplan cardholders will be capable of ‘pay your self again’ utilizing miles in direction of journey purchases at a price of 1.25¢ per level. There isn’t a cap on redemptions for this calendar yr however for future years there’s a cap of fifty,000 factors. Chase defines journey as:
Retailers on this class embody airways, motels, motels, timeshares, automobile rental companies, cruise traces, journey companies, low cost journey websites, campgrounds and operators of passenger trains, buses, taxis, limousines, ferries, toll bridges and highways, and parking heaps and garages. Some retailers that present transportation and travel-related companies are usually not included on this class; for instance, actual property brokers, instructional retailers arranging journey, in-flight items and companies, on-board cruise line items and companies, sightseeing actions, excursions, vacationer sights, RV and boat leases, retailers inside motels and airports, public campgrounds and retailers that lease autos for the aim of hauling. Purchases from present card retailers or retailers that promote factors or miles is not going to qualify within the journey class.
Fascinating to see Chase rolling out pay your self again on non branded playing cards. 1.25¢ per level is definitely higher than I anticipated. Present provide of 70,000 factors is value $875 in direction of journey (though there’s a $95 annual price).
Hat tip to harry_hotspur