# Chase raises Aeroplan Pay Yourself Back to 2 cents for the annual fee

_Oct 5 21:31_

Tags: Chase, Air Canada, credit card, airline, devaluation, fee change, award redemption

Type: Program change

## Summary

As of October 4, 2026, Chase Aeroplan cardholders can offset the $195 annual fee at 2 cents per point through Pay Yourself Back, up from 1.25 cents.

Chase recently raised the annual fee from $95 and added benefits. Pay Yourself Back against travel charges is unchanged at 1.25 cents per point. Cardholders previously needed 7,600 points to erase the $95 fee and now need 9,750 points to erase the $195 fee, which leaves the hike only slightly more expensive in points. Doctor of Credit's readers spotted the 2-cent annual-fee rate. Chase did not publish an announcement.

Use Pay Yourself Back at 2 cents per point to cover the $195 annual fee.

## Key facts

- **Starts**: Oct 4, 2026
- **Numbers**:
  - $95: previous annual fee
  - $195: new annual fee
  - 1.25 cents per point: previous Pay Yourself Back rate for the annual fee
  - 2 cents per point: new Pay Yourself Back rate for the annual fee
  - 1.25 cents per point: Pay Yourself Back rate against travel charges
  - 7,600 points: points previously needed to offset the $95 fee
  - 9,750 points: points now needed to offset the $195 fee
- **Who qualifies**: Chase Aeroplan cardholders
- **Takeaway**: If you hold the Chase Aeroplan card, consider using Pay Yourself Back at 2 cents per point to cover the $195 annual fee.

## Sources cited

- [Doctor of Credit](https://doctorofcredit.com/chase-aeroplan-card-now-lets-you-redeem-points-toward-annual-fee-at-2%c2%a2-per-point-pyb) — Chase Aeroplan Card Now Lets You Redeem Points Toward Annual Fee at 2¢ Per Point (PYB)

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