The Aeroplan Credit Card from Chase is currently offering an increased welcome bonus that will be coming to an end soon. This is a great opportunity for those who have been considering getting this card to earn a valuable welcome offer. While the spending requirement is significant, for those who can meet it, they could unlock a bonus worth $1,500.
It’s important to note that the Aeroplan Card is not just for Canadians. This loyalty program can be very valuable to anyone, regardless of where they live. So, let’s take a closer look at the Aeroplan Card’s sign-up bonus and evaluate its worth.
Currently, the $95-per-year Aeroplan Credit Card is offering 100,000 bonus points to new applicants who meet two spending tiers. First, you can earn 75,000 points after spending $4,000 on purchases in the first three months from account opening. Then, you can earn an additional 25,000 points after spending a total of $20,000 on purchases within the first 12 months from account opening.
The Points Guy (TPG) values Aeroplan points at 1.5 cents apiece, making 100,000 Aeroplan points worth $1,500. This is a substantial value for a credit card bonus. Previous bonuses on this card offered 70,000 points or a pair of flight reward certificates worth up to 101,000 points, but those had more restrictions compared to having a large amount of points.
For those who prefer points instead of flight vouchers, the opportunity to earn 100,000 points is exciting. However, it’s important to consider the spending requirement, which is $20,000. This is a high spending target, and it may not be feasible for everyone. The timeframe to meet this requirement is 12 months, which means you would need to spend around $1,667 per month over a year to unlock the full bonus. 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.
For those who can’t meet this spending requirement or need to receive their bonus points sooner due to upcoming travel plans, it may be better to wait for a simpler bonus without the higher spending requirements in the second tier.
It’s important to note that this card is affected by Chase’s 5/24 rule. 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.
Aside from the welcome bonus, the Aeroplan Credit Card offers competitive earning rates on spending categories. Cardholders can earn 3 points per dollar on purchases made directly with Air Canada, as well as on grocery store purchases and dining (including delivery services). They can also earn 1 point per dollar spent on other purchases. Additionally, cardholders can 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 also comes with several key benefits. New cardholders will receive automatic Aeroplan 25K elite status for the year in which they open the card and the following calendar year. They will also receive 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, and automatic Star Alliance Silver elite status, with access to priority wait-listing and standby. Other benefits include the first free checked bag on Air Canada flights, the ability to maintain 25K status by spending $15,000 per year on the card, and up to $100 statement credit for Global Entry, TSA PreCheck, or Nexus application every four years.
The card also offers travel protections such as trip cancellation and interruption insurance, baggage delay insurance, trip delay reimbursement, auto rental insurance, and roadside assistance. Cardholders can enjoy World Elite Mastercard benefits, including 24/7 concierge service, access to Mastercard Priceless experiences, everyday discounts and offers, and more. They can also use points at a rate of 1.25 cents apiece to cover travel purchases made on the card through Pay Yourself Back (with a limit of 50,000 points redeemed each year). Lastly, there are no foreign transaction fees with this card.
In conclusion, the Aeroplan Credit Card from Chase is a compelling airline credit card that offers a valuable welcome bonus and numerous benefits. It is an excellent choice for those who can meet the spending requirement and take advantage of the elevated welcome offer. However, it’s essential to act quickly as the offer is ending soon.