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• 70,000 bonus points after spending $3,000 in the first three months; And
• 40% bonus points on purchases for 40 days on spending up to $40,000 for first-time applicants by July 17

A typical offer on this card is 50,000-60,000 points, so anything 70,000 points and above is worth considering. (The previous highest bonus we’ve seen on this card was 100,000 points.)

TPG’s July 2024 valuation has Aeroplan points at 1.5 cents, making the base 70,000 Aeroplan points worth $1,050.

The interesting part of the current offer is the 40% limited time bonus. If you max out the 3-points-per-dollar categories on Air Canada, grocery or dining purchases, you can potentially earn up to an additional 48,000 bonus points (on top of the 120,000 points you’d normally earn on these purchases). are you .

More realistically, you’ll earn 16,000 additional points with a 40% bonus on other purchases, which typically earns 1 point per dollar spent.

It’s worth noting that while you may be approved immediately, it will take 7-10 days to receive your card in the mail. Given that this is a MasterCard, Chase doesn’t allow you to add this card to a digital wallet immediately — you have to wait for the physical card to arrive in your mailbox.

So, if it takes 10 days to receive your card, that will reduce the 40-day bonus deadline to 30 days, because the clock starts when you get approved for the card, not when it arrives in the mail. So, this offer is best for people who can make one or more big purchases in a short period of time.

Also note that to be eligible for the limited-time 40% bonus offer, you must apply for the Aeroplan Card for the first time. I had this card when it launched in late 2021. Even if I cancel it after one year, that is, I no longer have the card, I will not be eligible for this limited-time bonus.

Additionally, this card is affected by Chase’s 5/24 rule, which means you won’t be approved if you’ve been approved for five or more cards in the past 24 months, regardless of the issuer they came from.

But if you’re eligible, check out our ideas to help you quickly meet the minimum spending requirement, including tax, insurance, rent or mortgage prepayments to help you maximize this bonus. You can also use this card for a down payment on a new car or to buy points or miles.

Related: Air Canada’s Aeroplan Program: The Ultimate Guide to Earning and Redeeming Points

Aeroplan Credit Card Earning Rates

• 3 points per dollar on direct purchases 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 receive a 500-point bonus for every $2,000 spent on the card each month, up to 1,500 bonus points per month.

Key Benefits of Aeroplan Credit Card

• Automatic Aeroplan 25K Elite status for the year you open the card and the following calendar year
• Two one-time passes to Air Canada’s Maple Leaf Lounge
• 20 eUpgrade credits to upgrade from Economy to Premium cabins on Air Canada operated flights
• Automatic Star Alliance Silver Elite status, with priority wait-list and standby access
• First free checked bag with up to eight companions on your same reservation on Air Canada flights
• Spend $15,000 annually on the card to maintain 25K status or $50,000 annually to receive a one-tier status boost.
• Earn benefits like 50% off Priority Rewards and companion benefits by spending $100,000 or more on the card each year
• Up to $100 in statement credits for Global Entry, TSA PreCheck, or Nexus applications every four years
• Travel protections, such as trip cancellation and interruption insurance, baggage delay insurance, trip delay compensation, 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 to cover travel purchases made on the card — and not just Air Canada or flights — or to cover the card’s annual fee through Pay Yourself Back (limit 50,000 points per year).
• There are no foreign transaction fees

Bottom line

Aeroplan points are some of the most valuable out there and the program has over 50 airline partners, making it one of the most versatile currencies out there.

To learn more, read our full Aeroplan credit card review.

Apply here: Aeroplan Credit Card