Aeroplan buy points promo: Earn up to 80% bonus points, 5x points on gift cards
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Today, Air Canada launched a unique limited-time Valentine’s Day buy points promotion.
From now through Feb. 14, you can earn bonus points when buying Aeroplan points for yourself or another member. Members can earn up to 80% bonus points when buying for another member or 40% when buying for themselves.
This promotion drops the price of Aeroplan points to roughly 1.30 cents per mile when buying for another member or 1.66 cents per point when buying for yourself. If you want to take advantage of this promotion, your best bet is to have a friend or family member use their account to gift points to your account.
The airline is also offering up to 5x Aeroplan points per Canadian dollar on Air Canada gift cards purchased by the end of the day on Feb. 14.
You’ll earn 2x points per dollar on up to $750 CAD (~$584 USD) in Air Canada gift cards and 5x points per dollar on purchases of $750 CAD or more.
I’ll give you a closer look at these sales in this article. But first, let’s answer the question on all of our minds: Should you buy points in the middle of the global coronavirus outbreak?
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Should you buy Aeroplan points now?
Regardless of how good a points purchase deal is, there are a couple of things to keep in mind when you purchase points and miles in the middle of the coronavirus outbreak.
The first is Air Canada’s financial position. Airlines around the world are in a tough place financially — passenger loads are at historic lows, fleets are being reorganized and some airlines have already filed for bankruptcy. Air Canada is no exception to this rule and it’s already announced that it will retire its 767 fleet and put its Rouge subsidiary “into hibernation” for three years after the outbreak is contained.
While we’re confident that Air Canada will survive the coronavirus travel downturn, there’s no way to guarantee this. This means that your Aeroplan points could be deemed worthless if the airline goes belly up, making your points purchase a total loss.
In addition, we only recommend buying points and miles if you have an immediate use for them. There’s no telling how international travel will recover over the coming months, so you should be aware of Air Canada’s change and cancellation policies before you buy points to book a ticket.
That said, the new Aeroplan program offers some incredible deals, so if you’re comfortable with the risks involved, you can buy discounted points to book excellent awards with flexible stopovers.
Related: How to maximize Aeroplan points
A closer look at the promotion
As discussed, Air Canada is offering all Aeroplan members a 40% bonus when buying points for themselves or an 80% bonus when gifting points to another member. This brings the cost of points to roughly 1.66 and 1.30 cents per point, respectively.
Canadian residents are subject to sales tax on all points purchases — this is waived for U.S. residents.
You must purchase at least 2,000 points to qualify for either bonus. You can purchase up to 350,000 points for yourself or as a gift without the bonus. With the 80% bonus, this means you can gift up to 630,000 points during this promotion.
If you’re interested in purchasing points for yourself, use a friend’s account to purchase points and gift them to your account. This lets you take advantage of the higher bonus and massively reduce your cost per point.
You can buy points for yourself or another member on Aeroplan’s buy points page. The promotion ends on Feb. 14, 2021, at 11:59 PM ET.
Again, the airline is also offering bonus points when you purchase Air Canada gift cards. You’ll earn 2x points on purchases under $750 CAD (approximately $584 USD) and 5x points on purchases over that amount. This means a $750 CAD gift card would earn 3,750 Aeroplan points.
Is this a good deal?
TPG values Aeroplan points at 1.5 cents apiece, so you can buy points for 0.20 cents per point lower than our valuation with this promotion.
Aeroplan was recently revamped, bringing a slew of positive changes like flexible stopovers and the removal of fuel surcharges. The program also kept a standard award chart that you can use to score good deals on Star Alliance and nonalliance partners.
For example, Newark (EWR) to Frankfurt (FRA) in United Polaris business class costs just 60,000 points and $55.23 in taxes and fees. You can purchase these points for $780, which is a great deal for transatlantic business class.
Another solid deal is Los Angeles (LAX) to Seoul (ICN) in Asiana business class. This ticket runs 75,000 Aeroplan points and the same $55.23 in taxes and fees. You can effectively buy the points needed for this award for $975 — a very good deal for a flight to Asia.
Aeroplan has a number of nonalliance partners too, including Etihad Airways. New York-JFK to Abu Dhabi (AUH) is 85,000 points in business class and 120,000 points in first class with $56.78 in taxes and fees. You can purchase $1,105 or $1,560 worth of points, respectively, for a business or first-class ticket.
Remember, you won’t earn redeemable Aeroplan points or status qualifying miles with these awards. However, if you’re going to buy a ticket anyway, this buy points promotion can present a great way to get a discount on premium airfare.
The gift card deal can be a solid offer for Canadians who are planning to book Air Canada tickets in the future. At the same time, I don’t recommend this for most flyers who aren’t booking Air Canada tickets in the immediate future — buying a gift card locks up your funds and limits you to a single airline.
Earn Aeroplan points with American Express
You can also transfer points from American Express Membership Rewards to Aeroplan at a 1:1 ratio, so consider doing this if you already have Membership Rewards on hand and want to book an Aeroplan award ticket.
Here’s a look at some of our favorite cards for earning Membership Rewards points (terms apply):
- The Platinum Card® from American Express – Earn 75,000 points after you spend $5,000 on purchases in the first six months of account opening
- American Express® Gold Card – Earn 60,000 points after you spend $4,000 on purchases in the first six months of account opening
- American Express® Green Card – Earn 30,000 points after spending $2,000 on purchases in the first three months of account opening
The information for the Amex Green Card has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.
Aeroplan is also a Capital One transfer partner, but the ratio is 2 Capital One miles to 1.5 Aeroplan pointd.
Earn points and miles on your purchase
Aeroplan charges mileage purchases in Canadian dollars, so you’ll want to use a credit card that doesn’t charge foreign transaction fees on purchases. Otherwise, you’ll be subject to a 3% to 5% fee on your purchase, which can quickly diminish the value of the sale.
In addition, mileage purchases are processed by Points.com, so you won’t earn extra with a credit card that gives bonus miles on travel and airfare purchases. With that in mind, we recommend you use a card that awards more than 1 point per dollar spent on everyday spending.
One card that fits both of these categories is the Capital One Venture Rewards Credit Card, that offers 2 miles per dollar spent on all purchases and doesn’t charge foreign transaction fees.
Featured photo courtesy of Air Canada.
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