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Aeroplan, Air Canada’s current frequent flyer program partner, periodically offers bonuses for converting hotel points to its mileage program. In the past, the bonuses have ranged anywhere between 25% and 35%. Now, Aeroplan is offering another one of these promotions.

Now through April 22 you can earn a 30% bonus when converting points from 10 hotel partners to Aeroplan miles. To get the 30% bonus, you must convert enough hotel points between March 25 and April 22 to earn at least 5,000 Aeroplan miles. You don’t have to convert all of the points from one hotel program to get the bonus though.

The bonus Aeroplan miles will be issued within four to six weeks after the promotion ends on April 22. Note that although you can transfer American Express points to Aeroplan, you won’t earn additional bonus miles through this promotion for this type of conversion.

Not all hotel partners covert to Aeroplan evenly though, and some programs even offer additional bonuses based on the number of points you transfer. Based on TPG’s latest valuations, Aeroplan miles are worth 1.5 cents each. To help you determine which points to convert, the following table shows the effective value of Aeroplan points transferred from each hotel program during this promotion. Pay particularly close attention to the far right column, which will indicate your effective purchase price per Aeroplan mile (calculated as the value you’re giving up from the applicable hotel program for every Aeroplan mile you’d get):

Transfer Partner Standard Ratio Transfer Ratio (Assuming Bonus) TPG Value per Transferred Point Value “Given Up” per Aeroplan Mile
Marriott Bonvoy (<60k points) 3:1 100:43 0.8 cents 1.86 cents
Marriott Bonvoy (increments of 60k points) 3:1 100:56 0.8 cents 1.43 cents
IHG Rewards 5:1 100:26 0.6 cents 2.31 cents
Hilton Honors 10:1 100:13 0.6 cents 4.62 cents
Radisson Rewards 10:1 100:16 (30% bonus from Radisson Rewards for 60% total bonus) 0.4 cents 2.5 cents
Best Western Rewards 5:1 100:26 0.7 cents 2.69 cents
Wyndham Rewards 5:1 100:26 1.2 cents 4.62 cents
Coast Rewards 1:1 100:400 (400% bonus) N/A N/A
Choice Privileges 5:1 100:26 0.6 cents 2.31 cents
Le Club AccorHotels 2:1 100:65 N/A N/A
Gold Circle (Shangri-La) 1:1 100:130 N/A N/A

Since the value transferred per Aeroplan mile for most hotel currencies is greater than TPG‘s valuation of Aeroplan miles, you’ll usually be giving up value by converting your hotel points to Aeroplan miles. However, if you decide to transfer your Marriott points in increments of exactly 60,000 points, you may come out ahead, since you’ll receive a 5,000-mile bonus plus 30% additional miles on these transfers. This is the closest thing to a “sweet spot” in this promotion. For every 60,000 Marriott points converted, you’ll receive 32,500 Aeroplan miles.

That being said, it is possible to get out-sized value from your Aeroplan miles by taking advantage of sweet spots in the program’s award chart. These sweet spots include short-haul flights on Air Canada, flights to Europe in business class, partner award flights with no fuel surcharges and lap child awards. However, unless you have a particular redemption in mind, it’s usually not a good idea to convert points speculatively.

Featured photo of TPG himself in Lufthansa first class — an award bookable between the US and Germany for just 70,000 Aeroplan miles. TPG is flying the product today from Munich to Los Angeles  (booked with Aeroplan miles) and you can follow his journey on his Instagram stories.

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