The Chase Air Canada Aeroplan card is out with a new offer. While the core introductory bonus offer remains 70,000 bonus points after $3K in purchases in the first 3 months, there is an added twist coming as a Limited Time Anniversary Offer: Apply for your first Aeroplan card from 7/8/24 to 7/17/24 and earn 40% bonus points on purchases for 40 days on up to $40K spent. That won’t do much to make the card’s earning rate compelling for otherwise unbonused purchases, but it might add a little pep in your step if you have big spending needs in the card’s bonus categories.
The Offer & Key Card Details
| Card Offer and Details |
|---|
70K Points + Limited Time Anniversay offer ⓘ Affiliate 70K points after $3K spend in the first 3 months. Apply for your fist Aeroplan card from 7/8-7/17/24 and earn 40% bonus on purchases for 40 days on up to $40K spent$95 Annual Fee This card is likely subject to Chase's 5/24 rule (click here for details). FM Mini Review: Great card for regular or frequent Air Canada flyers Earning rate: 3X Air Canada ✦ 3X grocery stores ✦ 3X dining ✦ 500 bonus points with each $2K calendar month spend, up to $6K spend per month (1,500 points max) ✦ 1X everywhere else Card Info: Mastercard World Elite issued by Chase. This card has no foreign currency conversion fees. Big spend bonus: Renew 25K status w/ $15K spend ✦ Status Boost w/ $50K spend ✦ Priority Reward w/ $100K, $250K, $500K, or $750K spend ✦ Free award companion for rest of calendar year and all of next with $1Million spend Noteworthy perks: Discounted award pricing ✦ Free checked bag ✦ $100 credit for NEXUS, Global Entry or TSA PreCheck every 4 years ✦ Carbon offsets on Air Canada awards ✦ Pay Yourself Back for travel at 1.25 cents per point, up to 50K points per year ✦ 10% bonus when transferring Ultimate Rewards to Aeroplan (25K max bonus/year) |
Quick Thoughts
It’s interesting to see Aeroplan fold their credit card into the 40th anniversary celebration with a super-limited-time offer. The additional bonus points offered here beyond the previous offer are only valid if this is your first Aeroplan card and then only if you apply over the course of a nine-day period. That’s rather unique.
It isn’t necessarily wildly exciting since the bonus here just means that unbonused purchases would earn 1.4 Aeroplan points per dollar spent. You could already do better with a number of other cards on the market that earn 2 points per dollar spent that could then be transferred to Aeroplan.
That said, the additional 40% turns the card’s 3X bonus categories into a total of 4.2x. While there are some cards on the market that offer 4x or better transferable points on the same types of purchases, but a rate of 4.2 Aeroplan points could be ever so slightly better on up to $40K in purchases over your first 40 days. If you intend to spend towards elite status with the card, then getting this 40% bonus could be all the more appealing if you have large upcoming expenses.
If you were to spend $40K in categories that otherwise earn 1 point per dollar, you’ll earn an additional 16,000 points with this offer for a total of 86,000 points after $40,000 in purchases. I don’t think that’s nearly enough to consider putting $40K on this card given the fact that you could use less spend than that to earn a bonus or bonuses worth far more. Even if you did the entire $40K in purchases in categories that would otherwise earn 3x, you’re only looking at 48,000 “bonus” points on top of the 3x you could earn with this card at any time. Again, you could put a fraction of that $40K spend on a different “new” card and earn far more than 48,000 points that could be transferred to Aeroplan.
Again, the additional bonus here is likely most appealing for those who are interested in spending toward renewing 25K elite status with $15K in purchases or the status boost that comes at $50K.
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