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Aeroplan to slightly devalue many of its awards — here's what you need to know

July 28, 2022
4 min read
Air Canada
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As a transfer partner of Bilt Rewards, Chase Ultimate Rewards, Capital One miles and American Express Membership Rewards, Air Canada's Aeroplan is a popular loyalty program that is full of lucrative sweet spots.

Unfortunately, there's a slight devaluation coming. While it's not all bad news, you'll have to use more points for many tickets issued on or after Sept. 1.

Here are the most important changes for you to be aware of.

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Devaluations

Air Canada business class on a Boeing 737-8 MAX. (Photo by Kyle Olsen/The Points Guy)

Long-haul business-class and first-class partner flights across the Atlantic will require more points. Flights from the West Coast to Middle Eastern destinations like Cairo International Airport (CAI), Dubai International Airport (DXB) and Tel Aviv's Ben Gurion Airport (TLV) will be most affected.

  • 6,001-8,000-mile distance band
  • Business (partner): Increases from 85,000 to 90,000 points.
  • First (partner): Increases from 120,000 to 130,000 points.
  • 8,001-plus-mile distance band
  • Business (partner): Increases from 100,000 to 110,000 points.
  • First (partner): Increases from 130,000 to 140,000 points.

Business- and first-class partner flights from North America across the Pacific to Asia and the South Pacific will also be devalued.

  • 7,501-11,000-mile distance band
  • Business (partner): Increases from 85,000 to 87,500 points.
  • 11,001-plus-mile distance band
  • Business (partner): Increases from 105,000 to 115,000 points.
  • First (partner): Increases from 140,000 to 150,000 points.

Lastly, partner award pricing within South America is also being devalued. This will apply primarily to flights on Avianca, the Star Alliance hegemon in South America.

  • 1,601-plus-mile distance band (an updated band with increases in partner pricing)
  • Economy (partner): Increases from 15,000 to 20,000 points.
  • Business (partner): Increases from 30,000 to 35,000 points.

Related: Pandemic-era devaluations: What’s happened to frequent flyer miles and what may come next

New tiers with reduced pricing

(Photo by Zach Griff/The Points Guy)

Air Canada is also introducing new tiers with reduced pricing. You'll notice that on Air Canada metal, a range in the number of points is provided, but for partner prices, you'll still find fixed-rate redemptions.

First up are short- and medium-haul flights between North America and South America.

  • 0-2,500-mile distance band (a new band with reduced pricing)
  • Economy (Air Canada): 20,000-45,000 points.
  • Economy (partner): 20,000 points.
  • Premium economy (Air Canada): 35,000-100,000 points.
  • Business (Air Canada): 40,000-150,000 points.
  • Business (partner): 40,000 points.
  • First (Air Canada): 60,000-175,000 points.
  • First (partner): 60,000 points.

Additionally, flights between the Atlantic and Pacific under 2,500 miles will have a new pricing band with reduced award rates.

  • 0-2,500-mile distance band (a new band with reduced pricing)
  • Economy (Air Canada): 25,000-50,000 points.
  • Economy (partner): 25,000 points.
  • Premium economy (Air Canada): 30,000-65,000 points.
  • Business (Air Canada): 40,000-75,000 points.
  • Business (partner): 40,000 points.
  • First (Air Canada): 50,000-100,000 points.
  • First (partner): 50,000 points.

Related: The best ways to maximize Air Canada’s Aeroplan program

Premium economy awards from the Atlantic to the Pacific

(Photo by Fabrizio Gandolfo/SOPA Images/LightRocket/Getty Images)

Lastly, Air Canada will start offering premium economy awards on medium- and long-haul flights between the Atlantic and the Pacific. These are new awards that are not currently offered.

  • 2,501-5,000-mile distance band (updated from 0-5,000 miles)
  • Premium economy (Air Canada): 50,000-75,000 points.
  • 5,001-7,000-mile distance band
  • Premium economy (Air Canada): 65,000-80,000 points.

Related: It’s worth your time: A review of Air Canada business class on the Boeing 777-300ER

Bottom line

While some Aeroplan awards are going down, many are slightly increasing. Business- and first-class awards are disproportionately affected, a trend that we've been seeing in the points and miles space.

The new Aeroplan changes take effect for tickets bought or changed on or after Sept. 1, so now might be the time to redeem your points before the devaluation.

Featured image by (Photo by Benji Stawski/The Points Guy)
Editorial disclaimer: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airline or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

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  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
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TPG Editor‘s Rating
Card Rating is based on the opinion of TPG‘s editors and is not influenced by the card issuer.
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3XEarn 3 Points per $1 spent at Restaurants and Supermarkets
3XEarn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
1XEarn 1 Point per $1 spent on all other purchases
  • Intro Offer
    For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening

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  • Annual Fee

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  • Recommended Credit
    Credit ranges are a variation of FICO© Score 8, one of many types of credit scores lenders may use when considering your credit card application.

    670-850
    Excellent, Good

Why We Chose It

The Citi Premier’s 3 points per dollar spent across a wide range of popular categories is one of the more lucrative offerings in the world of points and miles. The Citi Premier comes with a $95 annual fee and is currently offering a solid sign up bonus of 80,000 points after you spend $4,000 on purchases within the first three months. It also has some valuable transfer partners to make the most of your rewards. Add in access to Citi Entertainment plus a $100 hotel credit for any single-stay hotel booking that exceeds $500 or more, excluding taxes and fees, booked through the Citi travel website, there are few reasons why the Citi Premier should not be in every traveler’s wallet.

Pros

  • Earns 3x points on restaurants, supermarkets, gas stations, air travel and hotels.
  • $100 annual hotel savings benefit (on single hotel stay bookings of $500 or more, excluding taxes and fees, booked through thankyou.com)
  • Points transfer to 16 airline programs, from JetBlue to Virgin Atlantic.
  • World Elite Mastercard benefits, extended warranty, damage and theft protection.

Cons

  • $95 annual fee
  • Lacks travel protections that other travel rewards cards come with
  • For a limited time, earn 80,000 bonus ThankYou® Points after you spend $4,000 in purchases within the first 3 months of account opening
  • Earn 3 Points per $1 spent at Restaurants and Supermarkets
  • Earn 3 Points per $1 spent at Gas Stations, Air Travel and Hotels
  • Earn 1 Point per $1 spent on all other purchases
  • Annual Hotel Savings Benefit
  • 80,000 Points are redeemable for $800 in gift cards when redeemed at thankyou.com
  • No expiration and no limit to the amount of points you can earn with this card
  • No Foreign Transaction Fees on purchases