Reminder: Aeroplan will start selling miles at this link for as little as $0.01 USD each as of 10AM ET. I imagine miles will sell out at the lowest cost almost instantly, so you’ll want to be quick.
Aeroplan has been doing a phenomenal job engaging members during the COVID-19 crisis. Air Canada is extending elite status and even giving people the option to gift status to others, and has also introduced innovative ways to earn status from home.
As of today Air Canada will get into the business of selling miles directly to consumers, and it’s potentially exciting.
Aeroplan will begin selling miles
Historically Air Canada’s Aeroplan program hasn’t allowed members to directly purchase miles:
- Aeroplan is transfer partners with Amex Membership Rewards and Capital One, which has been the best way to earn Aeroplan miles
- Aeroplan will let you top off your account for an award, but only as part of the process of booking an award
As of today (May 7, 2020), Aeroplan will officially start selling miles directly to consumers. Aeroplan will have a limit of 250,000 miles per transaction, and 500,000 miles per account per calendar year. The cost will be $0.03 CAD per mile before any bonuses.
The timing of this seems strange, though it’s my understanding that this isn’t as suspect as it sounds. This has been in the works for a long time, and Aeroplan has already delayed the implementation of this.
Aeroplan will start selling miles
Aeroplan will sell miles for as little as one cent each
To celebrate this mileage sale functionality going live, Aeroplan will offer an incredible promotion between 10AM ET on May 7 (today) and 11:59PM ET on May 13:
- For the first 10 million Aeroplan miles sold, members will receive a 115% bonus (equivalent to $0.014 CAD per mile plus sales tax, $0.01 USD per mile)
- For the next 100 million Aeroplan miles sold, members will receive a 90% bonus (equivalent to $0.016 CAD per mile plus sales tax, $0.011 USD per mile)
- All Aeroplan miles sold after that will receive a 65% bonus (equivalent to $0.018 CAD per mile plus sales tax, $0.013 USD per mile)
- The 250,000 mile per transaction limit doesn’t apply to the bonus (so only the base miles count)
- Transactions made with US based credit cards with a US billing address are not subject to sales tax
I’m a big fan of redeeming Aeroplan miles for travel on Star Alliance partners, as it’s a program I use all the time. They have a solid website, reasonable fees, excellent redemption rates, and don’t impose surcharges on many partner awards.
I love redeeming Aeroplan miles on Turkish Airlines
While this generally isn’t the time to buy miles speculatively, at one US cent per Aeroplan mile I might just be a buyer. The reality is that the 10 million mile cap will greatly limit the number of people who can take advantage of the deal, but maybe in light of the current situation it won’t be that competitive?
I’m excited to see Aeroplan get into the business of selling miles, so we have another lucrative Star Alliance option for this. I’m also very tempted to pick up Aeroplan miles for a penny each, even in these uncertain times.
Do you plan on buying Aeroplan miles for as little as $0.01 USD each?