Heads up, Aeroplan credit card holders! Chase's "Pay Yourself Back" feature is now letting you redeem your Aeroplan points for statement credits at a rate of up to 1.25 cents per point. In simple terms, this means you can use your points to cover purchases you've already made on your card, effectively getting a discount on those expenses.

Why does this matter? Well, it gives you another flexible way to use your Aeroplan points, especially if you're not planning a big trip anytime soon. It's like turning your points into cash back, but potentially at a better rate than you might get with other redemption options. The specific categories of eligible purchases might vary, so be sure to check the details on the Chase website or app to see what qualifies.

Basically, this is a solid opportunity to squeeze even more value out of your Aeroplan points, whether you're saving up for a dream vacation or just want to offset some everyday spending. Keep an eye on eligible purchase categories for maximum value!