Aeroplan has just introduced its latest promotion on purchased miles, and it potentially represents a good deal. This follows the redesigned Aeroplan program having launched in late 2020. Aeroplan only got into the business of selling miles in 2020, so it’s one of the newer loyalty programs to sell miles in a lucrative way.
Aeroplan selling miles for 1.3 cents each
Through Friday, July 30, 2021, Air Canada Aeroplan is offering a bonus on purchased miles. The program is offering a tiered bonus of up to 80%, as follows:
- Buy 3,000-24,000 miles, get a 50% bonus
- Buy 25,000-55,000 miles, get a 65% bonus
- Buy 60,000-350,000 miles, get an 80% bonus
The restrictions on buying Air Canada Aeroplan miles are as follows:
- Miles can be purchased for $0.03 CAD each before any bonuses
- Transactions made with US based credit cards with a US billing address are not subject to sales tax
- You can buy up to 350,000 miles per transaction (pre-bonus)
- There’s a limit of purchasing one million miles per year (pre-bonus)
If you were to purchase 350,000 Aeroplan miles with an 80% bonus you’d receive a total of 630,000 miles for $10,500 CAD (~$8,242 USD), which is a cost of $0.013 USD per mile.
That’s a solid price on purchased Aeroplan miles. For context on Aeroplan’s previous promotions on purchased miles:
- In May 2020, Aeroplan offered up to a 150% bonus on purchased miles
- In July 2020, Aeroplan offered up to a 75% bonus on purchased miles
- In November 2020, Aeroplan offered up to a 50% bonus on purchased miles
- In February 2021, Aeroplan offered up to an 80% bonus on purchased miles
- In March 2021, Aeroplan offered up to a 100% bonus on purchased miles
- In May 2021, Aeroplan offered up to a 60% bonus on purchased miles
As you can see, this is a pretty average promotion on Aeroplan’s part. While I wouldn’t expect a 150% bonus again (like at launch), we did recently see a 100% bonus, so this isn’t quite as good. Still, this is a pretty good offer.
Which credit card should you buy Aeroplan miles with?
Air Canada Aeroplan mileage purchases are processed by points.com, meaning they donât count as an airfare purchase for the purposes of credit card spending.
Therefore Iâd recommend using a card on which youâre trying to reach a minimum spending requirement, or otherwise, a credit card that maximizes your return on everyday spending. See this post for more on the best credit cards for buying points.
Is buying Aeroplan miles worth it?
As mentioned above, the new Aeroplan program launched in late 2020, and it’s completely different than before:
- Award pricing is a combination of zone and distance-based
- There are no more fuel surcharges for travel on any partners
- You can have a stopover on a one-way award for an additional 5,000 miles
While award costs have in many cases have gone up, I find the new program to be great overall, as I especially like the ability to redeem just 5,000 extra miles for a stopover.
With that in mind, would I recommend buying miles?
- While I’m generally opposed to speculatively buying miles (given that there’s a risk to holding onto them), ~1.3 cents per Aeroplan miles is a solid deal
- Keep in mind that Air Canada Aeroplan is transfer partners with Amex Membership Rewards and Capital One, and will also soon be a transfer partner of Chase Ultimate Rewards, so there are other ways to earn these miles; then again, if you can buy them for 1.3 cents each, it might not be worth transferring points, depending on your valuation of various currencies
- The new Aeroplan program offers Points + Cash, where you can pay cash for up to 40% of the miles required for a ticket; this is essentially a way to “save” miles at the cost of 1.4 cents (in USD) each
Air Canada has launched its latest promotion on purchased miles. You can earn up to an 80% bonus on purchased miles, which is an opportunity to acquire Aeroplan miles for around 1.3 cents (in USD) each. That’s potentially a great deal.
Do you plan on buying Aeroplan miles with this promotion?