Chase Sapphire Preferred® Card - Banner

Aeroplan Devaluation Coming in December

This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. For an explanation of our Advertising Policy, visit this page.

After some program devaluations in 2014, Air Canada’s Aeroplan will soon institute a few more. The current program is one of the best ways to book premium tickets to Europe — especially for booking Star Alliance flights to Europe in premium cabins, such as Lufthansa first class to Frankfurt, which currently requires just 62,500 Aeroplan miles, plus roughly $450 in surcharges in each direction. However, yesterday Aeroplan announced that changes are coming to the program on December 15, 2015 — notably on the business- and first-class reward redemptions between the US and both Europe and South America.

Aeroplan actually released a new award chart beside the old chart, making it easy to see where the program’s redemption changes are occurring. While all of the changes for flights originating in the continental US and Canada are negative, a number of other regions are actually receiving improvements to award redemptions, such as Mexico to Africa and Middle East to India.

Air Canada’s 787 at YYZ airport.

Here are some of the notable redemption changes (based on a round-trip flight):

Business-class Changes:
US to Western Europe — 90,000 – 110,000
US to Eastern Europe — 105,000 – 115,000
US to Southern South America — 95,000 – 110,000

First-class Changes:
US to Western Europe  — 125,000 – 140,000
US to Eastern Europe — 145,000 to 160,000
US to Southern South America — 135,000 to 140,000

Another new change is the ability to book one-way award tickets between any region; currently, flights must originate or terminate in North America to be booked as a one-way award.

Overall, the changes aren’t terrible — Aeroplan can still be a worthwhile method for booking award tickets — but devaluations are never something that program members like to see.

Chase Sapphire Preferred® Card

Apply Now
  • Earn 50,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $625 toward travel when you redeem through Chase Ultimate Rewards®
  • Named Best Credit Card for Flexible Travel Redemption - Kiplinger's Personal Finance, July 2016
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • Earn 5,000 bonus points after you add the first authorized user and make a purchase in the first 3 months from account opening
  • No foreign transaction fees
  • 1:1 point transfer to leading airline and hotel loyalty programs
  • Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards. For example, 50,000 points are worth $625 toward travel
  • No blackout dates or travel restrictions - as long as there's a seat on the flight, you can book it through Chase Ultimate Rewards
Intro APR Regular APR Annual Fee Foreign Transaction Fee Credit Rating
N/A See Issuer's Terms Introductory Annual Fee of $0 the first year, then $95 0% Excellent Credit