Rumor: Chase Aeroplan Card Adding Pay Yourself Back at 1.25 cpp for Travel Purchases Starting Jan. 13

According to a Reddit report, starting on Jan. 13, the Chase Aeroplan credit card will also gain the Pay Yourself Back redemption feature. You can use AC miles at a value of 1.25c/p to offset eligible travel purchases. Here is Chase’s definition of the travel category:

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.

To be honest, I’m somewhat skeptical about this rumor. After all, the Chase Aeroplan card is an airline co-branded card, and Chase would effectively be buying AC miles from cardholders at 1.25c/p to offset cash purchases, which feels a bit expensive. We should know in a couple of days whether this is actually true.

For more on the Chase Aeroplan credit card, see