Apply Now: Chase Air Canada Aeroplan Credit Card

Apply Now: Chase Air Canada Aeroplan Credit Card

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Air Canada and Chase launched an awesome new partnership this year for those in the United States. In August, Air Canada Aeroplan became a Chase Ultimate Rewards transfer partner. Air Canada and Chase have now partnered to launch a co-branded credit card, the Aeroplan® Credit Card, which opened to applicants in the past few days. In this post I wanted to take a more detailed look at the card.

Full details: Chase Aeroplan Credit Card

It’s not surprising given the people behind the Aeroplan program, but Air Canada’s new co-branded credit card in the United States is both lucrative and innovative. From a huge welcome bonus, to some generous bonus categories for spending, to valuable perks, this card has a lot to offer. The card also has what might be the coolest credit card perk ever… for those who spend a million dollars per year.

Aeroplan Credit Card $95 annual fee

The Aeroplan Credit Card has an annual fee of $95 per year. There’s no cost to add authorized users to the card, and spending from authorized users can help you rack up points. This annual fee is in line with the annual fees you’ll find on most mid-range airline co-brand credit cards, so that’s quite reasonable.

The Chase Aeroplan Card has a $95 annual fee

Aeroplan Credit Card welcome bonus of flight reward certificates

The Aeroplan Credit Card is offering an introductory welcome bonus of two welcome flight reward certificates valid for up to 50,0000 points each (up to 100,000 points total). You can unlock this after spending $4,000 within the first three months. This is a huge welcome bonus, if you ask me, and among the best credit card bonuses out there.

Each certificate can be applied towards a single passenger Aeroplan redemption in any cabin (on Air Canada or a partner airline) and for any redemption amount. In other words, you could book a ticket that costs 65,000 Aeroplan points using one welcome flight reward certificate plus 15,000 Aeroplan points. However, any amount not used will be forfeited (in other words, you wouldn’t want to use a certificate for a ticket costing under 50,000 points).

The certificate will remain valid for as long as your card account is open, but if you close your account you also forfeit the welcome bonus. I appreciate the lack of expiration on that certificate for those who maintain their account.

Chase’s standard credit card application rules, including the 5/24 rule, apply.

Redeem Aeroplan points for Lufthansa first class

Aeroplan Credit Card offers up to 3x points, further spending bonuses

The Aeroplan Credit Card has an extremely compelling rewards structure, all with no foreign transaction fees (making it perfect for purchases abroad). The card offers:

  • 3x Aeroplan points per dollar spent on dining, including takeout and eligible delivery services
  • 3x Aeroplan points per dollar spent at grocery stores
  • 3x Aeroplan points per dollar spent directly with Air Canada
  • 1x Aeroplan points per dollar spent on other purchases

It gets better than that, though. The card offers 500 bonus Aeroplan points for every $2,000 spent in a calendar month, up to a maximum of 1,500 Aeroplan points per month. In other words, if you theoretically spent $2,000 per month in a category eligible to earn 3x points, you’d earn a total of 6,500 points, or 3.25x Aeroplan points per dollar spent.

This is the best rewards structure we’ve seen on a co-branded airline credit card, in my opinion. And that’s only the beginning, since spending can also earn you elite status and flight reward discount vouchers.

The Chase Aeroplan Card offers bonus points on dining

Aeroplan Credit Card elite status perks with Air Canada

The Aeroplan Credit Card offers elite status to new cardmembers, plus offers the opportunity to maintain status in the long-run with spending. Specifically, the card offers:

  • Aeroplan Elite 25K status for the remainder of the first calendar year in which you have the card, plus the following calendar year
  • Cardmembers can maintain Aeroplan Elite 25K status by spending $15,000 on the card in a calendar year
  • Cardmembers can get a one-tier status upgrade when they spend $50,000 on the card in a calendar year; in other words, if you otherwise earn Aeroplan Elite 25K status by spending $15,000 on the card, your status would be upgraded to Aeroplan Elite 35K status, though if you’re an Aeroplan Elite 75K member you could use this boost to earn Super Elite status

Aeroplan Elite 25K or Elite 35K could come in handy if you fly Air Canada with any frequency, as you can receive perks like priority check-in, early boarding, upgrades, and more. Unfortunately this is just Star Alliance Silver status, so it won’t get you as many perks on other airlines as you’d get with Star Alliance Gold status.

I’d say this is great, and if you’re otherwise loyal to Air Canada, it’s cool to be able to get a one-tier status boost all the way up to Super Elite.

The Chase Aeroplan Card offers elite status

Aeroplan Credit Card priority reward vouchers with spending

Here’s where the Aeroplan Credit Card gets really interesting, if you ask me. In addition to solid bonus categories, monthly spending thresholds, and the ability to earn status through credit card spending, big spenders can also earn priority reward vouchers. Each can be used to take a companion with you when redeeming points on a single itinerary (it can be on Air Canada or any partner airline), and you just have to pay the taxes and fees for them.

You can earn these vouchers when spending $100,000, $250,000, $500,000, or $750,000 in a year. The way these can be used depends on your status:

  • Aeroplan Elite 25K and Elite 35K members can only use these for economy awards wholly within the United States and Canada
  • Aeroplan Elite 50K members can use these for economy and premium economy awards within North America
  • Aeroplan Elite 75K members can use these for economy and premium economy awards worldwide
  • Aeroplan Super Elite members can use these for economy, premium economy, or business class awards worldwide

Then there’s one more threshold, which is worthy of its own section…

The Chase Aeroplan Card offers priority reward vouchers for spending

Aeroplan Credit Card million dollar spending reward

The Aeroplan Credit Card offers the ultimate companion pass in the world… if you spend a million dollars on the card in a year. Those who reach that spending threshold receive an award redemption companion voucher that’s valid globally:

  • You can take a companion with you on Air Canada or any partner airline in any class an unlimited number of times, and 100% of the points redeemed for them will be reimbursed
  • This is valid for the year in which it’s earned, plus the following calendar year
  • You have to designate a single companion, as the benefit can only be applied to one person

This is innovative and an unbelievable perk. It goes without saying that this isn’t within reach for a vast majority of us, but for those that spend a lot, this could seriously be worth considering. In fairness, you’d need to not only be a big spender for this to make sense, but you’d also need to be someone who redeems a lot of points for award travel.

An ANA first class companion voucher? Yes please!

Aeroplan Credit Card other benefits & perks

In addition to everything else I’ve outlined, the Aeroplan Credit Card offers the following benefits:

  • A free first checked bag on Air Canada flights for the primary cardmember and up to eight other travelers on the same itinerary
  • A $100 credit towards Global Entry, TSA Pre-Check, or NEXUS, once every four years
  • World Elite Mastercard benefits, plus travel protection for flight delays, baggage, and more
  • A carbon offset benefit, whereby Aeroplan will purchase carbon offsets when the cardmember redeems Aeroplan points for Air Canada flights
The Aeroplan Credit Card offers carbon offsets for Air Canada flights

Coming soon: “Pay Yourself Back” feature

Aeroplan points are incredibly valuable for award redemptions on Star Alliance and other partner airlines, so it’s a great points currency to earn (then again, you can also transfer points from Amex Membership Rewards, Capital One, and Chase Ultimate Rewards). There’s another exciting way to redeem Aeroplan points if you have the card.

Coming soon, Chase Aeroplan cardmembers will be able to apply their Aeroplan points towards travel purchases on any airline, hotel, or rental car, at the rate of 1.25 cents per point, up to 50,000 points per year.

That’s a pretty innovative opportunity for those who value Aeroplan points less than I do, since this is basically a way to “cash them out” towards any travel purchase at a solid rate.

The Aeroplan Credit Card will have a “Pay Yourself Back” feature for travel

My take on the new Aeroplan Credit Card

The Aeroplan Credit Card is easily one of the most well thought out and lucrative co-brand airline credit cards we’ve seen. I’m still trying to figure out how exactly this will fit into my strategy (as if I don’t have enough cards already), but here are a few initial thoughts:

  • The welcome bonus is lucrative, given how many incredible partner redemption opportunities there are with Aeroplan
  • The bonus categories are generous, especially since there aren’t many Chase cards consistently offering bonus points on groceries
  • I love that rather than just offering a Global Entry or TSA Pre-Check credit, you can also get a NEXUS credit; I’ve said for years that I wish we’d see that, so it’s great for one credit card to finally offer this
  • The ability to earn status with the card is great, though this will mostly be useful if flying with Air Canada, rather than a Star Alliance partner; however, if you already earn status with Aeroplan, the one-tier status upgrade could be very valuable
  • The global companion voucher for spending a million dollars on the card is one of the coolest credit card benefits we’ve ever seen; I’ve always been surprised by how low the caps are on some credit card spending thresholds, so it’s fantastic to see a card go all-out like this

I definitely plan on picking up this card soon. I’m not sure how much spending I’ll put on the card — the bonus categories are great, though I don’t want to put too much everyday spending on the card, given the opportunity cost.

The Chase Aeroplan Card is pretty innovative

Bottom line

The Aeroplan Credit Card has finally launched and is lucrative. The card has a huge welcome bonus worth up to 100,000 Aeroplan points, the card offers 3x points in select categories, plus monthly spending bonuses and further threshold bonuses. The card also offers some valuable perks just for being a cardmember.

Mainly it’s exciting to see a card this innovative. I was expecting some creativity from Aeroplan, and this card delivered. There really is something here for everyone, from small spenders to huge spenders.

What do you make of the new Aeroplan Credit Card?

Conversations (30)
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  1. I Like Status Guest

    So effectively, if you credit just 15K Star Alliance flights to AC, and spend $50K annually on this card, I can get *Gold..? If true, this card, along with spending $75K on AA cards starting next year, will give equivalent benefits in both Star & OneWorld. That is enticing.

  2. Jeff Guest

    As a Canadian living in the states, I was holding out my other applications so that I can apply this card. But clearly the certificates prevent people booking between US and Canada. And I imagine the upgrades, status and nexus are useless for people who don’t have connection with Canada. A failed launch offer IMO. Will apply if it’s 100K straight up points, or even 80k

    1. Norman Guest

      It's a lot better than the Aeroplan linked credit cards offered by TD and CIBC in Canada.

  3. Kevin Guest

    Someone must have got their affiliate link today.

  4. Nate Guest

    There seems to be some confusion regarding the 25k status. I saw somewhere that if you apply now the status will be good until December 2023. However, I got this card yesterday and my aeroplan status says good until Dec. 22. It might make more sense to wait until January to apply if that’s the case.

    1. DCA Will Always Be "National" Guest

      This is exactly what I was thinking. If you apply in CY21, the wording states you have status through CY21 and through CY22...even if you apply and are approved on 31 December 2021, you will have 25K for only 366 days. Why not wait until 1 January and have 25K for 729 days? I have the email from Chase flagged and the offer is good until February 2022, so it makes way more sent to...

      This is exactly what I was thinking. If you apply in CY21, the wording states you have status through CY21 and through CY22...even if you apply and are approved on 31 December 2021, you will have 25K for only 366 days. Why not wait until 1 January and have 25K for 729 days? I have the email from Chase flagged and the offer is good until February 2022, so it makes way more sent to wait and really take advantage of the 25K status - whatever you can derive from it. It's not like three weeks is gonna kill anyone.

  5. DenB Platinum

    I just received my promo email from Chase, after writing my message below, trashing Aeroplan and complaining that only status holders get reasonable premium cabin redemptions. This card appears to address my complaint in a meaningful way, by conferring 25k status and providing 10 eUpgrade stickers. Short term, this might be a good value proposition. I do wish, though, that Ben and the other bloggers would stop giving these guys so much puff. Most popular...

    I just received my promo email from Chase, after writing my message below, trashing Aeroplan and complaining that only status holders get reasonable premium cabin redemptions. This card appears to address my complaint in a meaningful way, by conferring 25k status and providing 10 eUpgrade stickers. Short term, this might be a good value proposition. I do wish, though, that Ben and the other bloggers would stop giving these guys so much puff. Most popular premium cabin redemptions have increased in price by huge amounts, while the shiny thing was being polished and flashed at the bloggers. If AAdvantage can fly me from YYZ-LAX in F for 19,000 and Aeroplan's cheapest J ticket is never lower than 45k (never lower than 90k on a nonstop), 'splain why we're thrilled with Aeroplan 2.0, please.

  6. Ella Guest

    I was excited about Aeroplan until I checked out their points redemptions, business class to Asia and Africa. You’re much better off going through United for the same UA and AC flights. But right now, your best bet is flying partners on AA miles.

  7. GBOAC Platinum

    You get Aeroplan 25K status through the end calendar year following the year in which you got the card. Another site mentions elite status through 12/23 applies even if you get the card this year. Can someone verify that is the case or should we wait until 1/1/22 to apply.

  8. GBOAC Platinum

    Some of the benefits common to airline credit cards (priority boarding, special access numbers, lounge passes etc) are tied in with Aeroplan 25 elite status which is given only for the first two years. The United card gives that just for being a card member regardless of status. I wonder whether Aeroplan will modify the terms to continue to include these benefits in the future.

  9. AJ Guest

    "Each certificate can be applied towards a single passenger Aeroplan redemption in any cabin (on Air Canada or a partner airline) and for any redemption amount. In other words, you could book a ticket that costs 65,000 Aeroplan points using one Welcome Flight Reward Certificate plus 15,000 Aeroplan points."

    What happens if the redemption amount is below 50k? For example, MCT-IST on Oman Air business class is 25k. Do I "lose" the value of...

    "Each certificate can be applied towards a single passenger Aeroplan redemption in any cabin (on Air Canada or a partner airline) and for any redemption amount. In other words, you could book a ticket that costs 65,000 Aeroplan points using one Welcome Flight Reward Certificate plus 15,000 Aeroplan points."

    What happens if the redemption amount is below 50k? For example, MCT-IST on Oman Air business class is 25k. Do I "lose" the value of the entire certificate because it didn't total 50k (or above)?

    1. sam Guest

      Yes I think that's true... at least it's my reading of the card's terms and conditions...

    2. DenB Platinum

      Yes the Terms clearly state that they don't "give change for big bills".

    3. GBOAC Platinum

      My reading of the terms in the email I received, indicates that you can use the remainder as long as you use it before you fly the first segment. They don't "give chnage" but do give you a credit you can use for a while???

  10. Dick Bupkiss Guest

    While it's always nice to see new players enter the game, and this program does introduce some innovations, overall I'm not exactly wowed. Most of the unique benefits here are really impractical for real-world users. It seems to me like this card was designed for bloggers -- so they could come up with outlandish, unrealistic, edge-case ways to hype the card (put a million bucks of spend on the card to earn top status, yeah,...

    While it's always nice to see new players enter the game, and this program does introduce some innovations, overall I'm not exactly wowed. Most of the unique benefits here are really impractical for real-world users. It seems to me like this card was designed for bloggers -- so they could come up with outlandish, unrealistic, edge-case ways to hype the card (put a million bucks of spend on the card to earn top status, yeah, sure) so they can breathlessly bloviate while pushing the card, citing wildly-impractical ways to maximize value that would be silly or impossible for real users. There's a LOT of noise and distractions and misdirection going on here. Before jumping on this, ignore the crazy "what-if" scenarios and take a sober look at reality: hop over to the Aeroplan website and look at redemption costs for the kind of flights you would hope to redeem for. I've done that, and what I see (for the kind of award redemption I find valuable) I do not see anything special. Award options seem roughly comparable with other programs, occasionally a little better, often much worse. Useful if you want to fly to Canada (not one of my goals, as much as I do love that country), and not so useful for most other things.

    1. DenB Platinum

      +1. And if you're based in Vancouver or Toronto, AC redemptions got a LOT worse last year in The Great Apocalyptic Aeroplan Deval. My favourite Business Class redemption that's currently operating, YYZ-LAX/ONT/PSP, previously cost 25k. Now it's 90-180k. Having this card, or any of the many Canadian cards, doesn't help. Only Status brings the premium cabin back into view. Sorry Aeroplan, this is all just lipstick on a deval. This Canadian is focused on AAdvantage...

      +1. And if you're based in Vancouver or Toronto, AC redemptions got a LOT worse last year in The Great Apocalyptic Aeroplan Deval. My favourite Business Class redemption that's currently operating, YYZ-LAX/ONT/PSP, previously cost 25k. Now it's 90-180k. Having this card, or any of the many Canadian cards, doesn't help. Only Status brings the premium cabin back into view. Sorry Aeroplan, this is all just lipstick on a deval. This Canadian is focused on AAdvantage miles now.

    2. Gordon McF Gold

      I'm with you. There have been huge devaluations since the launch of the new Aeroplan. As an Air Canada loyalist, I'm extremely disappointed.
      Maybe Westjet with their newly announced Chief Loyalty Officer will come up with a much improved loyalty program.......but not holding my breath.

    3. Andrew Guest

      In complete fairness, Ben said that he didn't understand where this fit in just yet.

      I really don't find cards where you get "Star Alliance Silver" without the actual credits to get there useless. So if I want to move up to Star Alliance Gold, I need to earn the hard way. That is a real disincentive for the card. I can pay the AF *and* $6k on airline spend? Why would I do...

      In complete fairness, Ben said that he didn't understand where this fit in just yet.

      I really don't find cards where you get "Star Alliance Silver" without the actual credits to get there useless. So if I want to move up to Star Alliance Gold, I need to earn the hard way. That is a real disincentive for the card. I can pay the AF *and* $6k on airline spend? Why would I do that?

      At least most hotel cards give you 5 or 15 nights towards the progress. They're not giving it away, but it's better than nothing.

  11. Grant Guest

    speaking of NEXUS credits... I just payed my $50 NEXUS renewal fee online (chase Sapphire Reserve) and I was instantly (well, within a day or so) credited the $50 back to my card. This is what was shown on my statement (see below). Great news for those of us with NEXUS.

    Nov 18, 2021 KNOWN TRAVELER CREDIT

    -$50.00

    1. James Guest

      Interesting Grant. As a Nexus member I've been hoping for a card to come along for the credit to be applied to Nexus. for me the Global Entry credit has been worthless for our situation. Too bad I downgraded my CSR last month when I got the Venture X, however I have another couple of years before I need to renew my Nexus. Hopefully this is a trend that continues.

  12. Francois Guest

    @Ben You should note that the two 50k certs CANNOT be used together on the same award such as a long haul biz for 110-115k points.

    1. Mike C Guest

      I was wondering about that thank you. Does this mean you can’t use both 50k certs for 2 people on one award? For example 2 70k awards- you cannot use 2 certificates and 40k miles on one booking?

    2. Francois Guest

      @Mike C You could do that as you're booking two awards, one for each person. I was referring to the inability to put both certs towards the one award. It seems as tho the sign up bonus is less designed to get you to ya know... sign up and more to trap you into paying more than one af for the fear of losing a 50k cert you haven't used. This is especially true with covid restrictions.

    3. Victor Guest

      That's not true at all. The terms state you can combine all or some of the second certificate and use the rest of it before the date of the flight. You only lose the value of the remainder if you do not use it before the flight date.

    4. Francois Guest

      @Victor Per the terms "The Welcome Flight Reward cannot be combined with other flight reward discount certificates, including but not limited to Priority Reward vouchers or other points-based certificates." I would direct your attention to the "...other points based certificates" portion.

    5. Victor Guest

      Ah crap, I reread more closely and you’re right. Shitty deal but still not too shabby for trying to fly as a couple.

    6. sam Guest

      So you're saying if I need 70K for my award ticket, I could use the second certificate but lose the remaining 30K unless I somehow use it before my booked flight?

    7. sam Guest

      If it's true, this is a ridiculous term: so if I use let's say, 15k from the second certificate, toward 65k award ticket, I must use the remaining 35k BEFORE my flight on the award for 65K, or I lose 35k? I have never seen such a horrible requirement--especially for the leisure traveler like myself, who don't fly very often?

    8. sam Guest

      Thank you Francois! The fact that one cannot combine two certificates, or even take a part from second certificate to cover all miles needed let's say for business class ticket from US to Europe (at least 70K in most cases) is pretty much a killer feature for me..

      Ben is quite wrong to be so excited about this card...What a disappointment! And I was really looking forward to this card...

    9. Another Lump Guest

      You can however book two one ways.

Featured Comments Most helpful comments ( as chosen by the OMAAT community ).

The comments on this page have not been provided, reviewed, approved or otherwise endorsed by any advertiser, and it is not an advertiser's responsibility to ensure posts and/or questions are answered.

I Like Status Guest

So effectively, if you credit just 15K Star Alliance flights to AC, and spend $50K annually on this card, I can get *Gold..? If true, this card, along with spending $75K on AA cards starting next year, will give equivalent benefits in both Star & OneWorld. That is enticing.

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Norman Guest

It's a lot better than the Aeroplan linked credit cards offered by TD and CIBC in Canada.

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Gordon McF Gold

I'm with you. There have been huge devaluations since the launch of the new Aeroplan. As an Air Canada loyalist, I'm extremely disappointed. Maybe Westjet with their newly announced Chief Loyalty Officer will come up with a much improved loyalty program.......but not holding my breath.

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