The Chase Aeroplan Card is out with a new offer today: earn 70,000 bonus points after spending $3,000 in the first 3 months. Personally, I think it was a smart move for Chase and Aeroplan to move away from the confusing “reward certificate” model they were previously using. I imagine that this offer will have wider appeal and indeed the card and miles can be quite valuable — though keep in mind that a devaluation is coming in just two weeks.
The Offer & Key Card Details
|Card Offer and Details|
The previous offer on this card was probably more valuable in the sense that it included both a 50K reward certificate and a large bonus on travel & dining spend for the first few months. However, I think many people were confused by the reward certificate. While that certificate didn’t expire as long as you remained a cardholder and could be topped off with points, those things just aren’t intuitive in the world of “certificates”. Furthermore, it couldn’t be split up to be used over multiple smaller trips.
This new bonus of 70,000 points is a lot easier to understand. I have really been loving Aeroplan miles as of late and the card comes with a number of interesting perks and features. For instance, points can be used to offset any travel purchases at a rate of 1.25c per point with up to 50,000 points per year. That means that this bonus could cover $625 worth of any travel expenses (including cash flights on any airline, hotels, etc) and still leave you with 20K miles left over. You can read more about the card and its unique set of benefits in this post. Of course, I’d rather use Aeroplan miles for premium cabin international travel given their strong array of valuable partner airlines.
Unfortunately, Aeroplan recently announced a devaluation coming on September 1st. Many awards will become a little bit more expensive. That’s disappointing given that the new Aeroplan program launched not even two years ago. Aeroplan’s award pricing isn’t particularly compelling for simple one-way or round trips — the real value is in being able to build complex itineraries with multiple partners and being able to add a stopover to a one-way award for 5,000 miles. Aeroplan also has the best lap infant pricing at just 2,500 miles one way regardless of class of service. Those strengths remain intact with the coming devaluation so much so that Greg and I agreed that Aeroplan is our favorite Amex transfer partner — but increasing prices obviously stand to hurt the value of this welcome bonus to some extent.
Overall, I think this card makes the most sense for those who strongly value Aeroplan for its strengths and/or who intend to spend toward an elite status bump. The new bonus is clearer, though with a devalued award chart coming, I wouldn’t feel pressure to jump on this offer. That’s particularly true given the plethora of strong offers we’ve seen on cards that earn Amex Membership Rewards points. We’ve seen plenty of ways to earn far more than 70,000 Membership Rewards points — and since those Amex points can transfer to Aeroplan 1:1, those offers would make more sense if you’re just after Aeroplan points.
H/T: Doctor of Credit