Aeroplan Credit Card Review & Guide (2022)

Aeroplan Credit Card Review & Guide (2022)

Aeroplan® Credit Card Up to 101,000 points | $95
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Aeroplan® Credit Card Up to 101,000 points | $95
3x points on groceries
3x points on dining
3x points with Air Canada
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In late 2021, we saw the introduction of the new Aeroplan® Credit Card. I’m a huge fan of the Air Canada Aeroplan program — even if you have no connection to Air Canada or Aeroplan, the program is fantastic for partner redemptions, and this card is worth being aware of. In this post, I wanted to take an in-depth look at this awesome credit card.

Aeroplan Credit Card welcome bonus

The Aeroplan Credit Card has a solid bonus that has two components worth up to 101,000 Aeroplan points:

  • Earn a Welcome Flight Reward worth up to 50,000 points after you spend $3,000 within the first three months
  • Earn up to 51,000 Aeroplan points in the form of 10x total points on travel and dining for the first six months
  • The certificate can be applied toward a single passenger Aeroplan redemption in any cabin, on Air Canada or a partner airline
  • The certificates remain valid for as long as your account is open
  • You can use the certificate in conjunction with points, but there’s no residual value; in other words, you could book an award that costs 70,000 Aeroplan points with a certificate plus 20,000 Aeroplan points
Redeem your welcome bonus for Lufthansa first class

Application rules & restrictions

The Aeroplan Credit Card is issued by Chase, and has pretty standard application restrictions:

  • Chase’s normal credit card application rules apply, including the 5/24 rule
  • You’re eligible for the bonus on this card as long as you don’t currently have this card, and haven’t received a bonus on this card in the past; in other words, eligibility is unrelated to having received a bonus on any other Chase card

Aeroplan Credit Card annual fee

The Aeroplan Credit Card has a $95 annual fee, which is pretty standard for a mid-range airline credit card. There’s no cost to add authorized users to the card, and their spending will count toward your points balance.

Aeroplan Credit Card rewards structure

The Aeroplan Credit Card probably has the most generous and innovative rewards structure of any co-branded airline credit card. What I love is the number of different ways cardmembers can be rewarded, from bonuses for specific spending categories, to bonus points for reaching certain thresholds, to further bonuses for big spenders.

Let’s go over the details of that, though let me mention upfront that the card has no foreign transaction fees, so it’s a great card to use globally.

3x Aeroplan points on dining, grocery stores, and flights

The Aeroplan Credit Card offers up to 3x Aeroplan points on purchases, which is extremely rewarding:

Those are some excellent bonus categories. For what it’s worth, the card offers 1x Aeroplan points on all other purchases, so there are better cards for everyday spending.

Earn 3x Aeroplan points on dining globally

Up to 1,500 bonus Aeroplan points per month

Not only does the Aeroplan Credit Card have useful bonus categories, but the card also offers 500 bonus points for every $2,000 spent in a calendar month, up to a maximum of 1,500 Aeroplan bonus points per month (which you’d earn after $6,000 worth of spending).

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.

Priority reward vouchers with spending

In addition to 3x points bonus categories and monthly spending bonuses, the Aeroplan Credit Card also offers the ability to earn priority reward vouchers. Each can be used to get 50% off an eligible Aeroplan award ticket, and is valid for travel on Air Canada or a partner airline.

You earn these vouchers at the following four annual spending thresholds:

  • $100,000
  • $250,000
  • $500,000
  • $750,000

These can each be used in the same way, and the value 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

As you can tell, the value here will depend on your status and travel patterns, but there’s potentially quite a bit of value to be had.

Earn Aeroplan award discounts for spending on the card

The ultimate million dollar companion certificate

While this is something that most people won’t be able to achieve, I love the concept behind this, and for some it might just be the best deal in travel. The Aeroplan Credit Card offers what I’d consider to be the world’s most valuable companion certificate, for those who spend a million dollars per year on the card.

If you reach that threshold, you’ll 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

We’ve never seen a credit card offer a perk quite this valuable before. Obviously the spending requirement is massive here, and this would only make sense if you were planning a lot of travel in a particular year. For a certain type of consumer, this is an incredible opportunity.

Use your companion certificate for ANA first class

Aeroplan Credit Card elite status

The Aeroplan Credit Card gives cardmembers plenty of opportunities to earn elite status with Air Canada Aeroplan. You get some status outright just for being a new cardmember, and you can maintain and earn further status with spending.

Aeroplan Elite 25K status for new cardmembers

Those who are approved for the Aeroplan Credit Card receive Aeroplan Elite 25K status. This is valid for the calendar year in which they open the card, plus the entire following calendar year. In other words, if you applied in 2022, the status would be valid through the end of 2023.

Aeroplan Elite 25K is Air Canada’s entry level status, and includes travel perks with Air Canada, like priority check-in, priority boarding, eUpgrades, and a lot more. On top of that, it offers Star Alliance Silver status.

Receive upgrades as an Aeroplan elite member

Maintain Aeroplan Elite 25K status with $15K spending

While you can earn Aeroplan Elite 25K status when you first get the card, you can maintain it in the long-run with spending. Specifically, those with the Aeroplan Credit Card can maintain Aeroplan Elite 25K status by spending $15,000 on the card in a calendar year.

Whether or not that’s worth it really depends on how much you fly Air Canada, and what the opportunity cost of your credit card spending is.

Get a one-tier status upgrade with $50K spending

Those with the Aeroplan Credit Card can get a one-tier status upgrade when they spend $50,000 on the card in a calendar year. If you’d ordinarily otherwise receive Aeroplan Elite 25K status, this means that your status could be upgraded to Aeroplan Elite 35K status.

If you ask me, the value here is really for someone who is actually loyal to Air Canada. For example, if you’d otherwise earn Aeroplan Elite 75K status through flying, spending $50,000 on the card could earn you Aeroplan Super Elite, which is arguably one of the most valuable published elite tiers out there.

The Aeroplan Card could help you earn Super Elite status

Aeroplan Credit Card perks & benefits

The Aeroplan Credit Card offers a variety of valuable perks & benefits, beyond the elite status perks covered above. Some of these benefits are offered just for being a cardmember, while others can be earned with spending. Let’s go over those.

First checked bag free on Air Canada

The Aeroplan Credit Card offers a free first checked bag on Air Canada flights for the primary cardmember and up to eight others traveling on the same itinerary. This applies to itineraries with Air Canada, Air Canada Rouge, or Air Canada Express. The value of that could add up pretty quickly.

Global Entry, TSA PreCheck, or NEXUS credit

Once every four years, the Aeroplan Credit Card offers a credit of up to $100 that’s valid toward a membership with Global Entry, TSA PreCheck, or NEXUS. These are all programs that can save travelers time at the airport, and potentially even at the border.

I specifically love that the card also offers a NEXUS credit, since that’s historically something we haven’t seen card issuers offer. NEXUS is arguably the best of the three programs, since it gets you access to Global Entry, TSA PreCheck, and expedited immigration in Canada.

Get a TSA PreCheck credit with the Aeroplan Card

Carbon offset program for Air Canada redemptions

Admittedly this is probably more interesting in theory than in practice, but I still like where Aeroplan is going with this. Those with the Air Canada Aeroplan Card will automatically have carbon offsets purchased for their flights when redeeming Aeroplan points for an Air Canada flight.

World Elite Mastercard perks

The Aeroplan Credit Card is a World Elite Mastercard, which comes with certain perks, including with Lyft, Door Dash, ShopRunner, and more.

Valuable travel coverage (flights, rental cars, and more)

While you’ll want to consult the cardmember agreement for full details, the Aeroplan Credit Card offers a variety of travel protection when paying with the card, including the following:

  • Trip cancellation & interruption insurance
  • Baggage delay insurance
  • Trip delay reimbursement
  • Auto rental collision damage waiver
  • Roadside assistance
Get collision damage waiver coverage with the Aeroplan Card

How to redeem Aeroplan points

There’s a lot to love about Air Canada Aeroplan points, even if you don’t usually fly Air Canada or travel to Canada. Among other things:

  • Aeroplan has more airline partners than any other airline loyalty program in the world; not only can you book travel on all Star Alliance partners, but you can also redeem on a variety of other partners
  • Aeroplan lets you add a stopover on a one-way award for just 5,000 points, which is a great way to visit multiple destinations on the same trip
  • Aeroplan doesn’t have fuel surcharges on award redemptions
  • Aeroplan has reasonable award redemption rates, with a unique zone and distance based award chart

I redeem miles through Aeroplan all the time, and consistently get great value.

Redeem Aeroplan points for Oman Air first class

Aeroplan Credit Card “Pay Yourself Back” feature

There’s one added feature that’s expected to be introduced this year for those with the Aeroplan Credit Card. Coming soon, Chase Aeroplan cardmembers will be able to apply their Aeroplan points toward 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” for most travel purchases at a solid rate.

Soon you can redeem Aeroplan points for JetBlue Mint

Is the Aeroplan Credit Card worth it?

The Aeroplan Credit Card is an innovative product with an excellent welcome bonus, great return on spending, and valuable perks. That’s just about all that I look for in a credit card.

Airline co-brand credit cards are extremely popular given the allegiance many people have to a particular airline. Admittedly Aeroplan is at a disadvantage in the US market, since not as many people in the US are loyal to Air Canada as they are to American, Delta, or United, for example.

That being said, I think the thoughtful value proposition of this card more than makes up for it. If you like to redeem points for international premium cabin awards, then I totally think it’s worth applying for this card. Hopefully most people find value beyond just the bonus, given the excellent rewards structure.

Redeem Aeroplan points for Turkish Airlines business class

Other ways to earn Aeroplan points

Arguably the biggest challenge with the Aeroplan Credit Card is how easy Aeroplan points are to earn with other cards that provide more flexibility. Aeroplan is transfer partners with several bank currencies, including Amex Membership RewardsCapital One, and Chase Ultimate Rewards, and all those currencies can be converted at a 1:1 ratio.

That means the points are pretty easy to come by, and in many cases there are compelling value propositions on those cards as well.

Bottom line

The new Aeroplan Credit Card is absolutely phenomenal, and easily the most innovative co-branded airline credit card we’ve ever seen. The card offers a generous welcome bonus, a lucrative rewards structure with a variety of incentives for spending, and comes with great perks, like elite status.

The welcome bonus alone is enough reason to consider this card, but I could see this being a card that’s worth spending money on over time. The Aeroplan program is rewarding in general, and that’s all the more reason to pick up this card.

Apply for the Aeroplan Credit Card with a huge welcome bonus here.

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  1. Marcus Guest

    Any idea how long this deal will last? Thank you.

  2. Michael Roschlau Guest

    Would be nice to have a comparative review of this card against the other Aeroplan cards - TD, CIBC and Amex.

  3. Globetrotter Guest

    Has anyone been successful adding a stopover for 5k miles? I called aeroplan and the agent had no idea how to do it, she kept quoting me the total miles by combining the miles required for two separate itineraries. I said I can book two separate tickets if I wanted to but that’s not adding a stopover for 5k miles. My only issue is both of my itineraries were not nonstop, they had a one stop layover which should not be a problem.

    1. Anna Guest

      Yes, its doable if the computer says yes.
      If the computer says no - then there is no way. Agents are not trained (on purpose) on stopovers.

      Air Canada promised a booking engine in 2020... but lol.. Air Canada.

      Careful with these credit cards, Aeroplan is an extremely frustrating program to get anything out of.

    2. George Zip Guest

      I was able to successfully book one last week, everything costed out correctly on AMM - IST - SEA itinerary on Turkish business class with 2 days in Istanbul. Would have been 85k each and paid 90k as expected with the stopover. I was also the first person the agent dealt with who was redeeming Chase certificates, but she was able to find and apply them once I described what they were. The only frustrating...

      I was able to successfully book one last week, everything costed out correctly on AMM - IST - SEA itinerary on Turkish business class with 2 days in Istanbul. Would have been 85k each and paid 90k as expected with the stopover. I was also the first person the agent dealt with who was redeeming Chase certificates, but she was able to find and apply them once I described what they were. The only frustrating part of the experience was waiting 40 minutes on hold before I could talk to a person.

    3. Bob Guest

      40 minutes is amazingly fast.
      Waits are usually hours long with Air Canada and Aeroplan

  4. Paul Guest

    Chase Air Canada Aeroplan is attractive on its face (I have it). if one chooses to fly with Air Canada, you find a slow, clunky inadequate website that is almost painful to use.

    Having been matched to 75K status , I'm still not sure if it holds any real value. Preferred seats don't seem to be available without payment even when the 24 check in window opens with a standard fare. Buying the Flex fare...

    Chase Air Canada Aeroplan is attractive on its face (I have it). if one chooses to fly with Air Canada, you find a slow, clunky inadequate website that is almost painful to use.

    Having been matched to 75K status , I'm still not sure if it holds any real value. Preferred seats don't seem to be available without payment even when the 24 check in window opens with a standard fare. Buying the Flex fare doesn't seem to open any more upgrade opportunities, but gets preferred seating.

    Air Canada had an opportunity to create a worthwhile program when they revamped Aeroplan, seems they tweaked it for the worse.

  5. Rocco Guest

    I was on the fence about the Chase Aeroplan card, but I will pass on this one. 100K sounds impressive, but not when it's broken down into two 50K vouchers. I use my miles to fly international J, which costs 70-90K one-way to Europe, or 100K to Africa. This means you must have a good number of additional miles from other sources to utilize the 50K voucher. Flying from Denver, I also find the crappiest...

    I was on the fence about the Chase Aeroplan card, but I will pass on this one. 100K sounds impressive, but not when it's broken down into two 50K vouchers. I use my miles to fly international J, which costs 70-90K one-way to Europe, or 100K to Africa. This means you must have a good number of additional miles from other sources to utilize the 50K voucher. Flying from Denver, I also find the crappiest possible itineraries on AC. Nearly every international destination requires stops in both YYZ and YUL, usually with an overnight in one of them. It shouldn't take 30-40 hours to fly to Europe. It is nearly impossible to find an itinerary that is entirely in F/J, as the North American segments are almost always in Y. Having just booked flights to Africa, I spent a lot of time comparing award flights on different airlines. Among Star Alliance partners, United is hands down the best option. Their best award flights to Africa were 88K, compared to 100K with Aeroplan for the same itineraries, and the fees were $30-80 less. United has the same issue of using Y class for the domestic legs, but if your dates are flexible, you can find good itineraries entirely in F/J. I will skip the Chase Aeroplan card, and instead focus on AA miles, which give me access to the awesome QSuites for just 75K to Africa, and fees of just $6.

    1. DCA Will Always Be "National" Guest

      Plus Chase (and/or AC) have been painfully slow in awarding the vouchers per Reddit threads. It's been 2 months since I hit my spend, and just shy of 2 months since that billing cycle and I still have no vouchers. Additionally, Chase has confirmed that I've hit my spend (with a current $0 balance) but has simply given me the "it takes 6-8 weeks after the billing cycle" nonsense about where my vouchers are. Welp,...

      Plus Chase (and/or AC) have been painfully slow in awarding the vouchers per Reddit threads. It's been 2 months since I hit my spend, and just shy of 2 months since that billing cycle and I still have no vouchers. Additionally, Chase has confirmed that I've hit my spend (with a current $0 balance) but has simply given me the "it takes 6-8 weeks after the billing cycle" nonsense about where my vouchers are. Welp, we're rapidly approaching the full 8 weeks and I don't have them. At this point, I'm not sure who's to blame - Chase or AC or both.

    2. Rafa Guest

      Seems like AA redemptions on QR have diminished overnight now that QR has switched to Avios. Aeroplan is not the worse option for redemptions as their points accumulate easily through their Aeroplan MC.

  6. Paul Guest

    Still waiting to be able to book individual segments online like you keep saying they promised to do with the new role out from over two years ago.

  7. Leo Guest

    Aeroplan has done a great job with their revamped program, new partners and this Chase issued credit card. Every travel blog/vlog out there is pushing this product and ability to earn status and spend up to higher tiers of Aeroplan status. BUT, no one is talking about the practicality of naturally earning status for those of us based south of the border. I’m talking about the Status Qualify Dollars (SQD) requirement. The only way to...

    Aeroplan has done a great job with their revamped program, new partners and this Chase issued credit card. Every travel blog/vlog out there is pushing this product and ability to earn status and spend up to higher tiers of Aeroplan status. BUT, no one is talking about the practicality of naturally earning status for those of us based south of the border. I’m talking about the Status Qualify Dollars (SQD) requirement. The only way to achieve the required SQD to naturally earn any level of is on Air Canada issued tickets. Meaning, any domestic United ticket or those issued by another star alliance partner will not count towards SQDs. To make things worse, as of January 1st, 2022, those with addresses outside of Canada are no longer eligible for the halved SQD requirement. This makes earning any real status, for most of based in the US or abroad, achievable only through a handful of paid international business class tickets (issued by AC) throughout the year. United saw the error of their ways when they tweaked their PQP formula to allow for earnings on partners. Will Air Canada follow suit? Will there be earning opportunities on the Chase credit card to waive SQD requirements for select tiers with a minimum spend threshold the way American did in previous years? I really want to LOVE the new Aeroplan. But, until they make it practical for the rest of us i am only mildly infatuated.

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Leo Guest

Aeroplan has done a great job with their revamped program, new partners and this Chase issued credit card. Every travel blog/vlog out there is pushing this product and ability to earn status and spend up to higher tiers of Aeroplan status. BUT, no one is talking about the practicality of naturally earning status for those of us based south of the border. I’m talking about the Status Qualify Dollars (SQD) requirement. The only way to achieve the required SQD to naturally earn any level of is on Air Canada issued tickets. Meaning, any domestic United ticket or those issued by another star alliance partner will not count towards SQDs. To make things worse, as of January 1st, 2022, those with addresses outside of Canada are no longer eligible for the halved SQD requirement. This makes earning any real status, for most of based in the US or abroad, achievable only through a handful of paid international business class tickets (issued by AC) throughout the year. United saw the error of their ways when they tweaked their PQP formula to allow for earnings on partners. Will Air Canada follow suit? Will there be earning opportunities on the Chase credit card to waive SQD requirements for select tiers with a minimum spend threshold the way American did in previous years? I really want to LOVE the new Aeroplan. But, until they make it practical for the rest of us i am only mildly infatuated.

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Marcus Guest

Any idea how long this deal will last? Thank you.

0
Rafa Guest

Seems like AA redemptions on QR have diminished overnight now that QR has switched to Avios. Aeroplan is not the worse option for redemptions as their points accumulate easily through their Aeroplan MC.

0
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