Often buying points strategically can be a good value, especially for first & business class travel. The Air Canada Aeroplan program has just launched its latest promotion on purchased points. This is being marketed as a Black Friday sale, and it’s also a mystery bonus, meaning that different members may be eligible for different bonuses.
Aeroplan is one of my all-around favorite frequent flyer programs, thanks to the huge variety of airline partners, the ability to have stopovers on one-way awards for 5,000 points, and the generally great online booking experience.
In this post:
Promotion on purchased Air Canada Aeroplan points
Through Wednesday, November 29, 2023, the Air Canada Aeroplan program is offering a bonus on purchased points. Different members are being targeted for different offers, and it appears that members are being offered in the range of a 100-125% bonus when buying a minimum number of points.
Typically you need to purchase 100,000 points in one transaction (pre-bonus) to unlock the highest percentage bonus.
How much does it cost to buy Aeroplan points?
Ordinarily you can buy Air Canada Aeroplan points for $0.035 CAD (~0.025 USD) each, before any discounts or bonuses. Any purchases made with US credit cards and US billing addresses aren’t subject to sales tax either.
If you were eligible for a 100% bonus and maxed that out with the purchase of 500,000 points in one transaction, you’d receive a total of 1,000,000 Aeroplan points at a cost of $17,500 CAD (~$12,660 USD), which is a rate of 1.27 cents (USD) per Aeroplan point. That’s the absolute minimum value proposition here.
Meanwhile if you’re targeted for a 125% bonus, you’d get 1,125,000 Aeroplan points for $12,660, which is a rate of 1.13 cents per Aeroplan point (in USD). That’s pretty amazing!
We see Aeroplan promotions on buying points every so often, and this is a fantastic bonus, among the best offers we see from the program. So if you’ve been considering buying Aeroplan points, this is a great time to do so.
How many Aeroplan points can you purchase?
While you can purchase up to one million Aeroplan points per account per calendar year, ordinarily there is a per-transaction limit of 250,000 points pre-bonus. However, during this offer period that limit has been increased to 500,000 points.
Which credit card should you buy Aeroplan points with?
Air Canada Aeroplan points purchases are processed by points.com, meaning they don’t count as an airfare purchase for the purposes of credit card spending. Therefore I’d recommend using a card on which you’re trying to reach a minimum spending requirement, or otherwise, a credit card that maximizes your return on everyday spending.
In this case the best options are the Capital One Venture Rewards Credit Card (review) (Rates & Fees) or Capital One Venture X Rewards Credit Card (review) (Rates & Fees), which offer 2x miles and have no foreign transaction fees. Usually the Chase Freedom Unlimited® (review) or Citi Double Cash® Card (review) would also be good options for maximizing everyday spending, but the cards have foreign transaction fees, so wouldn’t be good options in this case.
Is buying Air Canada Aeroplan points worth it?
Aeroplan is one of my favorite frequent flyer programs out there. To cover a few of the basics:
- Award pricing is a combination of zone and distance-based
- There are no fuel surcharges for any award redemptions
- You can have a stopover on a one-way award for an additional 5,000 points
- Aeroplan has more airline partners than any other program out there, including partnering with many non-Star Alliance airlines
There are lots of phenomenal uses of Aeroplan points, and this is a program that I redeem through regularly.
On what airlines can you redeem Aeroplan points?
One of my favorite things about Air Canada Aeroplan is that the program has more airline partners than any other frequent flyer program, and you can redeem points on over 45 airlines. In addition to Air Canada belonging to the Star Alliance, Aeroplan also partners with airlines that include Etihad, Azul, Vistara, Air Serbia, Virgin Australia, Air Dolomiti, Eurowings Discover, Gulf Air, Oman Air, Air Mauritius, Bamboo Airways, and Emirates.
Unfortunately Aeroplan has been having issues with some partner awards, in particular for travel on Etihad Airways and Oman Air. So unfortunately at the moment those redemptions largely aren’t possible. Always look up award availability before buying points, to get a sense of what you can expect.
Are there fuel surcharges on Aeroplan awards?
Many consumers are frustrated by the practice of airlines adding carrier imposed surcharges to award tickets. In the case of Aeroplan, there are no fuel surcharges on award tickets, meaning you shouldn’t expect to pay big fees when redeeming points.
How much are Aeroplan points worth?
Everyone will value points currencies differently, but personally I value Aeroplan points at ~1.5 cents each. However, I tend to value points pretty conservatively, and there are many ways to get way more value from Aeroplan points than that.
Do Aeroplan points expire?
Air Canada Aeroplan points only expire after 18 months of inactivity. However, any account activity that leads to earning or redeeming points (including buying them) would reset the expiration.
What other ways can you earn Aeroplan points?
While buying Aeroplan points could represent a great deal, keep in mind that there are lots of other ways to earn Aeroplan points. Most significantly, Aeroplan is transfer partners with American Express Membership Rewards, Capital One, and Chase Ultimate Rewards, making the currency pretty easy to acquire.
Air Canada’s Aeroplan program is offering a promotion on purchased points. This is a mystery bonus, though it seems like some people are being targeted for a 100-125% bonus, which is an opportunity to acquire Aeroplan points for 1.13-1.27 cents each (in USD).
Aeroplan points are valuable, and there are plenty of situations under which the math could work out with taking advantage of this offer. In general I’d only recommend buying points with a short term use in mind, though, as there’s always risk to holding onto points for longer periods.
Do you plan on buying Aeroplan points with this promotion?