The Aeroplan Credit Card has a new, simpler sign-up bonus worth over $1,000
The Aeroplan Credit Card from Chase has a new welcome bonus. You may find this bonus simpler and also easier to earn than the last sign-up bonus we saw on this card.
Before you assume that the Aeroplan Card has nothing to offer if you don't live in Canada, understand that this program can be very valuable. Let's take a look at the new sign-up bonus on the Aeroplan Card and get an idea of what it's worth.
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Aeroplan Credit Card welcome offer
The $95-per-year Aeroplan Credit Card is currently offering 70,000 bonus points to new applicants who spend $3,000 on the card within three months of account opening. This is the first time we've seen an offer on this card that included only points — not flight reward certificates — since the card's launch in late 2021.
Previous welcome bonuses offered up to 101,000 points in value, but you also had to spend more.
The current sign-up bonus also doesn't require multiple tiers of spending to earn the full bonus. However, the total amount of points available through tiered spending was previously higher — . It required additional spending, however. Those looking for a simpler bonus of points without additional spending requirements should enjoy the current offer.
TPG values Aeroplan points at 1.5 cents apiece. Thus, this welcome bonus is worth a solid $1,050.
Note that this card is impacted by Chase's 5/24 rule, which means you will likely not be approved if you have been approved for five or more cards in the past 24 months, regardless of which issuer they come from.
Aeroplan Credit Card earning rates
The Aeroplan Credit Card is worth more than just the welcome bonus. The card is a strong earner on spending categories, accruing points at the following rates:
- 3 points per dollar on purchases made directly with Air Canada.
- 3 points per dollar spent on grocery store purchases.
- 3 points per dollar on dining (including delivery services).
- 1 point per dollar spent on other purchases.
Additionally, cardholders will get a 500-point bonus for every $2,000 spent on the card per month, up to 1,500 bonus points per month.
If you were to maximize this bonus by spending $6,000 per month exclusively on the categories of dining, grocery or Air Canada purchases, you would earn the equivalent of 3.25 points per dollar spent — for a total of 19,500 points.
Key perks of the Aeroplan Credit Card
Beyond the points that you can earn, the Aeroplan Card also offers several interesting benefits:
- Automatic Aeroplan 25K elite status for the year in which you open the card and the following calendar year.
- Two one-time passes to Air Canada’s Maple Leaf Lounges.
- 20 eUpgrade credits to upgrade from economy to premium cabins on Air Canada-operated flights.
- Automatic Star Alliance Silver elite status, with access to priority wait-listing and standby.
- First free checked bag on Air Canada flights, along with up to eight companions on your same reservation.
- Maintain 25K status by spending $15,000 per year on the card or get a one-tier status boost by spending $50,000 on the card annually.
- Earn benefits like 50% off Priority Rewards and companion perks by spending $100,000 or more on the card each year.
- Up to $100 statement credit for Global Entry, TSA PreCheck or Nexus application, every four years.
- Travel protections, such as trip cancellation and interruption insurance, baggage delay insurance, trip delay reimbursement, auto rental insurance and roadside assistance.
- World Elite Mastercard benefits, including 24/7 concierge service, access to Mastercard Priceless® experiences, everyday discounts and offers and more.
- Use points at a rate of 1.25 cents apiece to cover travel purchases made on the card — and not just Air Canada or flights.
- No foreign transaction fees.
The Aeroplan Credit Card is one of the most compelling airline cobranded credit cards to come around in years.
Not only does it confer automatic elite status on new cardholders, but it also earns points quickly and offers some great day-of-travel perks, such as a statement credit for TSA PreCheck, Global Entry or Nexus applications. You get all of that for just a reasonable $95 annual fee.
The fact you can also pad your Aeroplan points balance with points transfers from Chase Ultimate Rewards (boosted through end of 2023) can also help if you're short on points for your next redemption with Aeroplan.
Official application link: Aeroplan Credit Card with a 70,000-point sign-up bonus when you spend $3,000 on purchases with the card in the first three months.
Additional reporting by Eric Rosen and Chris Dong.