Use this Aeroplan points sale to buy business class tickets to Europe for under $900
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Starting today, Air Canada is offering an 80% bonus on Aeroplan points purchased by July 30 at 11:59 pm ET when you buy at least 60,000 points. This brings the price down to roughly 1.3 cents per point. The sale applies to points purchased for yourself or points gifted to another Aeroplan member. In turn, this sale allows travelers to purchase Star Alliance flights at a discount — including one-way flights from the U.S. to a reopening Europe for as little as $780 before taxes and fees. This is well under $2,000 round-trip on many routes.
But should you buy points and miles now? We’ll address that question and discuss whether or not you should buy miles with this promotion in the article below.
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Should you buy points and miles now?
Before we discuss the new Aeroplan buy points promotion, you should be aware of the risks of buying points and miles now.
While coronavirus numbers are way down from where they were months ago, the Delta variant is causing a rise in many areas of the world — including the U.S. This has caused many locales to reinstate some COVID restrictions.
For example, Chicago reinstated a mandatory quarantine from some travelers and Los Angeles is again requiring everyone to wear masks indoors. Depending on how the next few weeks play out, we could see more restrictions implemented in other locales around the world. You should only buy points and miles if you’re comfortable with the possibility of having to reschedule your trip if the country you’re traveling to closes its borders.
Further, you should only buy points and miles if you have an immediate plan to use them. Stockpiling miles leaves you open to devaluations. This could be due to award chart, award space, partner or pricing changes. These devaluations often come with zero notice from the airline. So, we only advise buying points and miles when you have already found the award space you want to book.
Also, keep in mind that there are many ways to earn Aeroplan points without buying them. For example, you can transfer points from American Express Membership Rewards and Capital One Rewards to Aeroplan. Or, you can credit Star Alliance flights to Aeroplan. This means you add your Aeroplan frequent flyer number to an upcoming United ticket and earn Aeroplan points instead of United MileagePlus miles.
Buying Aeroplan points with an 80% bonus
As discussed in the intro, Air Canada is selling Aeroplan points with an 80% bonus through July 30, 2021, at 11:59 pm ET. You need to purchase at least 60,000 points to get the full 80% bonus, with smaller amounts giving a smaller bonus.
- Buy 3,000 to 24,000 points and get a 50% bonus
- Buy 25,000 to 55,000 points and get a 65% bonus
- Buy 60,000+ points and get receive an 80% bonus
This drops the price of Aeroplan points to right around 1.3 cents per point when buying at the highest bonus tier. This is lower than TPG’s valuation of 1.5 cents per point, making it a great deal in our book. All Aeroplan members can buy points at this rate since this is not a targeted deal. Better yet, U.S.-based Aeroplan members do not have to pay sales tax on Aeroplan points purchases. Canadian residents are subject to sales tax on all points purchases.
This is one of the best deals we’ve ever seen for Aeroplan points but doesn’t beat March’s 100% bonus. You may want to skip this sale if you see Air Canada offering a better deal near the holidays or toward the end of the summer. That said, I don’t see Air Canada offering anything better than this for a while as COVID vaccines roll out and travel demand recovers in the U.S. and Canada
You can buy points for yourself or another member with this 80% bonus on Aeroplan’s buy points page.
Using this sale to buy discounted business class tickets
This sale lets you book Star Alliance partner tickets at a steep discount. More specifically, it can be used to score an excellent deal on long-haul business class tickets to Europe, South America, the Middle East and elsewhere.
Air Canada recently revamped Aeroplan to add stopovers for 5,000 miles, remove fuel surcharges and make various award chart changes. These changes were largely positive and makes this points sale intriguing for booking some itineraries.
For example, you can leverage Aeroplan’s stopover program to book a flight from New York-JFK to Madrid (MAD) via Lisbon (LIS) in TAP Portugal business class for 65,000 points including the stopover. You can stopover in Lisbon for a few days on the way out, giving you two vacations for the points price of one ticket. This costs just $940 after taxes and fees if you were to purchase the 65,000 points required.
Or, you can book a round-trip business class ticket from Chicago-O’Hare (ORD) in Sao Paulo (GRU) in United Polaris business class for 120,000 Aeroplan points and $73 in taxes and fees. If you buy Aeroplan points during this sale, your total out-of-pocket cost for the trip is $1,633. This is far cheaper than the $7,760 United charges for the same round-trip ticket next February.
Do your own research and see if there’s an opportunity for you to use this sale to get a discount on future travels. Read our complete guide to earning and redeeming Aeroplan points for more details.
Buy point with these credit cards
If you decide to take advantage of this promotion, your purchase will be processed by Points.com — not Air Canada. Unfortunately, this means you won’t earn bonus rewards for using a card with airline spending as a bonus category.
To earn the most points for your purchase, pay with a credit card that offers a solid return on non-bonus spending, such as:
- The Blue Business®️ Plus Credit Card from American Express: 2x Membership Rewards points on the first $50,000 in purchases each calendar year; then 1x point (meaning a 4% return based on TPG valuations). Terms apply.
- Chase Freedom Unlimited: 1.5% cash back that can be transferred to a Chase Ultimate Rewards-earning card for a 3% return based on TPG valuations.
- Capital One Venture Rewards Credit Card: 2x miles on purchases, worth 2% cash back or 2.8 cents toward transfer partners (based on TPG valuations; not provided by the issuer).
- Bank of America® Customized Cash Rewards credit card: 3% cash back in the category you choose (on the first $2,500 in combined choice category purchases each quarter, then earn 1%), before bonuses for having assets with Bank of America and affiliates. That means you may be able to get up to 5.25% cash back on online purchases, such as buying miles.
Related: The best credit cards of 2021
Air Canada is selling Aeroplan points with an 80% bonus through the end of the month. This is a great way to score discounted Star Alliance business class tickets to Europe, South America and beyond. That said, there is risk involved with buying miles now.
The delta COVID variant has caused some locals to reinstate COVID restrictions, which could impact travel in the near term. Only buy points and miles if you have an immediate plan to redeem them and are comfortable with the fact that you may have to reschedule your trip.
Feature photo by Stoyan Yotov / Shutterstock.com
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