Air Canada Aeroplan launched a pair of promotions that will run back-to-back. The initial promotion will run from July 8 through July 11, 2024, and will give you a 125% bonus when you purchase Aeroplan points. This is followed by a promotion giving you a 100% bonus that will run from July 12 through July 19, 2024.
Promotion Overview
- Buy Aeroplan points with up to a 125% bonus.
- Receive a 125% bonus for purchases Through July 11, 2024, 11:59:59 PM ET.
- Receive a 100% bonus for purchases from July 12, 2024, through July 19, 2024, 11:59:59 PM ET.
- The level of bonus you receive is tiered as follows
- Earn a 60% bonus for purchases between 3,000 and 24,999 points.
- Earn an 85% bonus for purchases between 25,000 and 59,999 points.
- Earn a 125% or 100% bonus when you purchase 60,000 or more.
- You can purchase a maximum of 500,000 points per transaction with this promotion.
- Members can purchase up to 1,000,000 Aeroplan points per calendar year.
- Allow up to 72 hours for the points to post to your Aeroplan account.
Is this Promotion Worth It?
If you are smart with your use of points, then this promotion can be outrageously lucrative. For instance, assuming you purchased 250,000 points for CAD$8,750. Or $6,420 USD – all prices going forward are in USD. With the promotion, you would receive 562,500 points.
Now, consider that Aeroplan has a distance-based award chart that splits the world into four regions. First-class awards under 4,000 miles between North America and the Atlantic zones will set you back 90,000 points.
A flight from New York JFK to Munich MUC comes in at under 4,000 miles. booking this award on Lufthansa’s stunning first class will set you back 90,000 points plus taxes and fees.
You may wonder how much such a ticket would cost in cash. Well, the answer is quite a lot. Typically, Lufthansa first-class tickets go for nearly $15,281.
Considering that you have purchased 562,500 points for $6,420. That is enough for six one-way first-class awards. That is over $90,000 in value that you have purchased for $6,420. In the world of points and miles, there is no better than this.
Other Ways to Boost Your Aeroplan Points Balance
If, after buying and redeeming your points, you are still a little short for redemption, you have many options to boost your Aeroplan points balance. Unlike many other programs in North America Aeroplan is a partner with multipole transferable credit card point currencies. You can transfer all of the following points to Air Canada Aeroplan.
- American Express Membership Rewards points transfer at a ratio of 1:1 with a minimum transfer of 1,000 points.
- Chase Ultimate Rewards points transfer at a ratio of 1:1 with a minimum transfer of 1,000 points.
- Capital One Rewards transfer at a ratio of 1:1 with a minimum transfer of 1,000 points.
- Bilt Rewards transfer at a ratio of 1:1 with a minimum transfer of 2,000 points.
Aeroplan Mileage Expiration
One thing to keep in mind, especially if you are tempted to stock up on a huge number of points, is that Aeroplan has one of the less generous points expiration policies. If you have no activity on your account for 18 months, your points will be forfeited, and you will lose them.
Therefore, even if you are planning on taking advantage of the opportunity for redemption in the future, this may not be the best idea. Since you risk having no activity and forfeiting your points. That is why, no matter how good the deal, it never pays to buy points speculatively, and in almost every case, you are better off holding cash.
Credit Cards to Use For Your Purchase
One of the main objectives of any travel rewards strategy is to maximize the return on every single dollar you spend. This also includes when making points purchases. While many credit cards offer a travel category bonus, earning you a multiplier for each dollar spent on airfare, sadly, this is not the case with this promotion.
Unfortunately, Air Canada uses Points.com to process its points purchases. This means you can not earn any travel category bonus for your purchase. With that in mind, you are best served using a card optimized for everyday spending to purchase your points with this promotion. Cards that would maximize your earnings include:
- Citi Double Cash® Card
- Capital One Venture Rewards Credit Card
- Chase Freedom Unlimited
Final Thoughts
The bottom line is that a 125% bonus is simply outstanding and is the best deal Aeroplan has ever sold points for. Most of the time, the best you can hope for is 100%, so this is a standout option. If you have upcoming travel plans and Aeroplan points are a good fit for them, then this is the perfect opportunity to dip into the market and stock up your Aeroplan points balance.
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