Aeroplan has just launched its latest Miles Purchased promotion and it might be a great deal. This follows the revised Aeroplan program that started in late 2020. Aeroplan didn’t start selling miles until 2020 so it’s one of the newer loyalty programs to get into this business.
Aeroplan sells miles with a bonus of up to 100%
Until Friday, April 2, 2021, Air Canada Aeroplan is offering a bonus on miles purchased. The program offers a tiered bonus as follows:
- Buy 3,000 to 19,000 miles and receive a 60% bonus
- Buy 20,000-55,000 miles and get an 80% bonus
- Buy 60,000-350,000 miles and get a 100% bonus
The restrictions on purchasing Air Canada Aeroplan miles are as follows:
- Miles can be earned for CAD 0.03 each prior to bonuses
- US credit card transactions with a US billing address are not subject to sales tax
- You can buy up to 350,000 miles per transaction (pre-bonus)
- There is a limit to the purchase of 500,000 miles per year (pre-bonus)
When you purchase 350,000 Aeroplan miles with a 100% bonus, you will receive a total of 700,000 miles for CAD 10,500 (~ $ 8,385), which is $ 0.012 per mile.
That’s a really solid price for Airplane Miles purchased. In the context of Aeroplan’s previous promotions for miles purchased:
- In May 2020, Aeroplan offered up to 150% bonus on miles purchased
- In July 2020, Aeroplan offered a bonus of up to 75% on miles purchased
- In November 2020, Aeroplan offered a bonus of up to 50% on miles purchased
- In February 2021, Aeroplan offered a bonus of up to 80% on miles purchased
As you can see, this is the best bonus we’ve seen since the program started. It’s also worth noting that the 150% bonus when the program started was more of a lottery than anything as it was only available to a very limited number of people.
Aeroplan sells miles with a 100% bonus
Which credit card should you use to buy Aeroplan miles?
Air Canada Aeroplan mileage purchases are processed by points.com, ie they are not considered to be a flight purchase for credit card issuance purposes.
So I would recommend using a card that you try to meet a minimum spending requirement or otherwise a credit card that will maximize your return on daily spending. See this post for more information on the best credit cards for buying points.
Is it worth buying Aeroplan miles?
As mentioned above, the new Aeroplan program started in late 2020 and is completely different from before:
- The pricing is a combination of zone and distance based
- There are no longer any fuel surcharges for traveling with partners
- You can stop at a one-way award for an additional 5,000 miles
Although award costs have increased in many cases, I think the new program is great overall, as I particularly like the ability to redeem just 5,000 additional miles for a stopover.
With that in mind, would I recommend buying miles?
- While I am generally against buying miles speculatively (as there is the risk of sticking them), ~ 1.2 cents per Airplane mile is a really good deal, so I’m almost tempted
- Note that Air Canada Aeroplan is a transfer partner of Amex Membership Rewards and Capital One and will soon also be a transfer partner of Chase Ultimate Rewards. So there are other ways to earn these miles. If you can buy them for 1.2 cents each, it may not be worth transferring points depending on your valuation of different currencies
- The new Aeroplan program offers Points + Cash, with which you can pay up to 40% of the miles required for a ticket in cash. This is essentially a way of “saving” miles at a price of 1.4 cents (in USD) each
Redeem Airplane Miles to travel with Turkish Airlines
Air Canada has launched its latest promotion for miles purchased. You can collect up to 100% bonus on miles purchased. This is an opportunity to purchase Aeroplan miles for approximately 1.2 cents (in USD) each. That is possibly a great deal.
Are you planning to buy Aeroplan miles with this promotion?