Limited-time Aeroplan card offer includes 40% bonus points on up to $40K for first 40 days for new first-time cardholders

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The Chase Air Canada Aeroplan card is out with a new offer. While the core introductory bonus offer remains 70,000 bonus points after $3K in purchases in the first 3 months, there is an added twist coming as a Limited Time Anniversary Offer: Apply for your first Aeroplan card from 7/8/24 to 7/17/24 and earn 40% bonus points on purchases for 40 days on up to $40K spent. That won’t do much to make the card’s earning rate compelling for otherwise unbonused purchases, but it might add a little pep in your step if you have big spending needs in the card’s bonus categories.

a hand holding playing cards

The Offer & Key Card Details

Card Offer and Details
70K Points ⓘ Affiliate
70K points after $3K spend in the first 3 months.
$95 Annual Fee
This card is likely subject to Chase's 5/24 rule (click here for details).
FM Mini Review: Great card for regular or frequent Air Canada flyers
Earning rate: 3X Air Canada ✦ 3X grocery stores ✦ 3X dining ✦ 500 bonus points with each $2K calendar month spend, up to $6K spend per month (1,500 points max) ✦ 1X everywhere else
Base: 1X (1.3%)
Dine: 3X (3.9%)
Grocery: 3X (3.9%)
Brand: 3X (3.9%)
Card Info: Mastercard World Elite issued by Chase. This card has no foreign currency conversion fees.
Big spend bonus: Renew 25K status w/ $15K spend ✦ Status Boost w/ $50K spend ✦ Priority Reward w/ $100K, $250K, $500K, or $750K spend ✦ Free award companion for rest of calendar year and all of next with $1Million spend
Noteworthy perks: Discounted award pricing ✦ Free checked bag ✦ $100 credit for NEXUS, Global Entry or TSA PreCheck every 4 years ✦ Carbon offsets on Air Canada awards ✦ Pay Yourself Back for travel at 1.25 cents per point, up to 50K points per year ✦ 10% bonus when transferring Ultimate Rewards to Aeroplan (25K max bonus/year)

Quick Thoughts

It’s interesting to see Aeroplan fold their credit card into the 40th anniversary celebration with a super-limited-time offer. The additional bonus points offered here beyond the previous offer are only valid if this is your first Aeroplan card and then only if you apply over the course of a nine-day period. That’s rather unique.

It isn’t necessarily wildly exciting since the bonus here just means that unbonused purchases would earn 1.4 Aeroplan points per dollar spent. You could already do better with a number of other cards on the market that earn 2 points per dollar spent that could then be transferred to Aeroplan.

That said, the additional 40% turns the card’s 3X bonus categories into a total of 4.2x. While there are some cards on the market that offer 4x or better transferable points on the same types of purchases, but a rate of 4.2 Aeroplan points could be ever so slightly better on up to $40K in purchases over your first 40 days. If you intend to spend towards elite status with the card, then getting this 40% bonus could be all the more appealing if you have large upcoming expenses.

If you were to spend $40K in categories that otherwise earn 1 point per dollar, you’ll earn an additional 16,000 points with this offer for a total of 86,000 points after $40,000 in purchases. I don’t think that’s nearly enough to consider putting $40K on this card given the fact that you could use less spend than that to earn a bonus or bonuses worth far more. Even if you did the entire $40K in purchases in categories that would otherwise earn 3x, you’re only looking at 48,000 “bonus” points on top of the 3x you could earn with this card at any time. Again, you could put a fraction of that $40K spend on a different “new” card and earn far more than 48,000 points that could be transferred to Aeroplan.

Again, the additional bonus here is likely most appealing for those who are interested in spending toward renewing 25K elite status with $15K in purchases or the status boost that comes at $50K.

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Adventure NML

I’m late on this because the Chase card wasn’t listed officially for the first several days, but there was also a 40% bonus for existing cardholders. In theory that’s interesting for people like me who are working on the 100k offer, but ultimately by the time they confirmed it, I didn’t have a good chance to make use of it on dining/grocery.

Last edited 2 days ago by Adventure NML
Lantean

No matter how much they try to polish this turd… still a turd.

Lee

They know what goes on. It’s almost as if they’re going after MSers.

John

Don’t see the hype regarding aeroplan points. I never find anything worth while and the cash outlay is high. Am I missing something?

John

Hey Nick. Thanks for the response. I have flown to Europe many times from the east coast and I have never found any use for aeroplan. There pricing is deceiving in economy. They show the lowest points fare but if you want a free checked bag – it’s significantly higher in points. For my trips I have also found business class to be ridiculously high. I will keep on looking for value but so far I personally haven’t found it. I find flying blue to be much more valuable. As you said – different strokes for different folks.
Keep up the good work

Last edited 11 days ago by John
Mantis

Existing cardholders can also get 40% bonus miles on spend from July 14-17. Registration required.

Christian

Does Aeroplan allow combining for family accounts or something like that?

Trevor

I suspect that the answer is “no”, but does purchasing Aeroplan points via points.com count toward the 3x bonused “brand” spend?

farnorthtrader

No, it is points.com not aircanada or aeroplan

Corky

It sounded cool until you broke it down.