The Aeroplan Credit Card from Chase is currently offering an increased welcome bonus that is set to end soon. If you’ve been considering applying for this card, now is the time to do so if you want to take advantage of this great offer. While the spending requirement is significant, those who can meet it have the opportunity to unlock a bonus worth $1,500.
One of the main attractions of the Aeroplan Card is the number of points that can be earned. This is especially exciting for those who prefer points over free flight vouchers. The current welcome offer includes 100,000 bonus points for new cardholders. However, there are two spending tiers that need to be met in order to earn these points. The first tier requires spending $4,000 on purchases in the first three months of account opening, which will earn you 75,000 points. The second tier requires spending a total of $20,000 on purchases in the first 12 months of account opening, which will earn you another 25,000 points.
To put the value of these points into perspective, TPG values Aeroplan points at 1.5 cents apiece, making 100,000 Aeroplan points worth $1,500. This is a significant bonus that can be extremely valuable for those who can meet the spending requirements.
It’s worth noting that previous bonuses on this card included either 70,000 points or a pair of flight reward certificates worth up to 101,000 points. However, these previous bonuses came with more restrictions compared to the current offer of earning a pile of points.
It’s important to mention that the Aeroplan Card is not limited to Canadian residents. This loyalty program can be valuable for anyone, regardless of where they live. So, if you’ve been assuming that this card is not for you because you don’t live in Canada, think again.
While the current bonus offer is enticing, it’s important to consider the spending requirement. The $20,000 spending requirement over 12 months may be a deterrent for some. However, if you can meet this requirement and are willing to invest in reaching the bonus over a year, now is a great time to apply as the offer is ending soon. On the other hand, if you can’t meet this spending requirement or need your bonus points sooner due to upcoming travel plans, it might be better to wait for a simpler bonus without such high spending requirements.
It’s also important to note that the Aeroplan Card is subject to Chase’s 5/24 rule. This means that if you have been approved for five or more cards in the past 24 months, regardless of the issuer, you will likely not be approved for this card.
In addition to the welcome bonus, the Aeroplan Card offers attractive earning rates on various spending categories. Cardholders earn 3 points per dollar on purchases made directly with Air Canada, grocery store purchases, and dining (including delivery services). They also earn 1 point per dollar on all other purchases. Furthermore, cardholders receive a 500-point bonus for every $2,000 spent on the card per month, up to 1,500 bonus points per month.
The Aeroplan Card comes with several key benefits that make it even more appealing. New cardholders receive automatic Aeroplan 25K elite status for the year in which they open the card and the following calendar year. They also receive two one-time passes to Air Canada’s Maple Leaf Lounges, as well as 20 eUpgrade credits to upgrade from economy to premium cabins on Air Canada-operated flights. Additionally, cardholders receive automatic Star Alliance Silver elite status, which includes access to priority wait-listing and standby. Other benefits include a first free checked bag on Air Canada flights for the cardholder and up to eight companions on the same reservation, travel protections such as trip cancellation and interruption insurance, baggage delay insurance, trip delay reimbursement, auto rental insurance, and roadside assistance. Cardholders can also earn additional benefits such as 50% off Priority Rewards and companion perks by reaching certain spending thresholds.
The Aeroplan Card also offers the opportunity to earn and redeem points for travel purchases made on the card. Points can be used at a rate of 1.25 cents apiece to cover travel purchases made on the card through the Pay Yourself Back program. This includes not only Air Canada flights but also other travel expenses. There is a limit of 50,000 points that can be redeemed each year through this program.
Finally, it’s worth mentioning that the Aeroplan Card has no foreign transaction fees, making it a great option for international travelers.
In conclusion, the Aeroplan Credit Card from Chase is an attractive option for those looking for a compelling airline credit card. With its increased welcome bonus, automatic elite status, generous earning rates, and valuable benefits, this card offers great value for a reasonable $95 annual fee. However, the current welcome offer is ending soon, so if you’re interested in earning up to 100,000 bonus points, now is the time to apply.