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Now through September 9, 2012, Aeroplan is offering a bonus when you transfer points from its hotel and car loyalty program partners into Aeroplan miles, you score bonuses of up to 10,000 miles. (Registration link). Note: Transfers from American Express Membership Rewards do not qualify for this promotion.
Here’s how it breaks down:
So when you convert enough points for 5,000 Aeroplan miles, you get 1,000 bonus miles. When you convert enough points to equate to 10,000 Aeroplan miles, you get 2,000 bonus mile. 20,000 converted miles means a 4,000-mile bonus, and 50,000 Aeroplan converted miles scores a bonus of 10,000 more miles.
Just some things to note from the terms and conditions: Maximum 10,000 Bonus Aeroplan Miles can be earned per Aeroplan Member. Only conversions made from hotel and car loyalty programs and points.com are eligible for this promotion. The participating partners include Best Western Rewards, Club Carlson, Hilton, Marriott, Starwood, Wyndham Rewards, Accor Le Club, Coast Rewards, Choice Privileges, Shangri-La Hotels and Hertz. Bonus miles are credited sent to ten (7-10) days following successful receipt by Aeroplan of a conversion transaction from the partner. Note that some partners may take up to two (2) weeks to submit point-to-mile conversions to Aeroplan. The bonus is not based on individual transactions, but calculated on the total number of points/miles you convert during the promotion period, so this could be a good way to consolidate points that are currently dispersed throughout a number of programs.
Though this isn’t quite as lucrative as June’s Aeroplan promo where you could earn up to 40,000 bonus miles, it’s still good to get a bonus, especially on miles conversions that might not always be a good deal, but where this could be really interesting is when you consider that Starwood Preferred Guest is a transfer partner of Aeroplan, and when you transfer 20,000 SPG points at a 1:1 ratio with Aeroplan, you get a 5,000-mile bonus, so if you converted 40,000 SPG points, you’d get 50,000 Aeroplan miles, plus an additional 10,000 Aeroplan miles thanks to this promotion for a total of 60,000 miles. That would mean you’re getting a full 50% bonus on Starwood transfers with this promotion.
Ordinarily, I wouldn’t counsel converting SPG points into miles because I find Starwood redemptions to be so valuable and conservatively value those points at about 3-4 cents each. However, a 50% bonus is nothing to ignore, and Aeroplan does have some great redemption values like 90,000 miles for roundtrip business class tickets between North America and Western Europe (for the full award chart, check out this post), though they do have some substantial fuel surcharges on certain Star Alliance partners (Adria Airways, TAP Portugal, Lufthansa, ANA, Asiana Airlines, Austrian Airlines, LOT Polish Airlines and THAI) . I would have been a little more excited about this, but Aeroplan also recently increased their award levels and they don’t allow one-way awards at half the price of a roundtrip. That being said, there are still great values to be had, especially if you can maximize their lax routing rules and allowance of two stopovers.