Buy Aeroplan Points with a 100% Bonus

Aeroplan has frequent sales on buying points with its Buy & Gift Points feature. 
From now until June 21, 2024 at 11:59pm Pacific Time, you can get a bonus of up to 100% when you buy Aeroplan points .
Buy Aeroplan Points with a 100% Bonus
Normally, Aeroplan sells points at a base price of 3.5 cents per point (CAD).

During the current promotion, you’ll get a different bonus depending on how many points you purchase:

Buy 4,000–30,000 points, get a 65% bonus
Buy 35,000–50,000 points, get a 75% bonus
Buy 60,000+ points, get a 100% bonus

With a 100% bonus, the effective acquisition cost comes to 1.75 cents per point (CAD). 

You may have a different offer available in your account, but a 100% bonus appears to be the best offer this time around.
At 1.75 cents per point (CAD), buying Aeroplan points with a 100% bonus is quite a bit less than our current target redemption valuation of 2.1 cents (CAD).
If you have a specific use for an Aeroplan redemption where you’d be sure to get more than the cost of buying points, a 100% bonus can represent a great deal. Looking back at the points sales for the past year, this is in line with the best-available offer we’ve seen. 
As usual, buying or gifting points doesn’t contribute to your Aeroplan Elite Status . We’ve previously seen a promotion for buying points which also counted towards Status Qualifying Dollars (SQD), but that’s not the case this time around.
How many Aeroplan points can you buy?
Since the launch of the Buy & Gift Points feature, Aeroplan has been allowing each member to buy up to 1,000,000 points per calendar year. That’s an enormously generous limit, much higher than other loyalty programs offer for buying points.
(Note that gifting points refers to buying points for another Aeroplan member, not transferring your existing points. You can gift up to 500,000 points per year.)
Usually, Aeroplan imposes a limit of 250,000 base points per transaction; however, that’s been doubled this time around. Between the base points and the bonus points, you can purchase 1,000,000 points in a single transaction.
Surely, it’s a steep price to pay, but it’s not entirely unreasonable if you’re able to secure long-haul routes in business class or First Class at a discount from what you’d otherwise pay in cash.
Which credit card should you use to buy Aeroplan points?
As Aeroplan points purchases are processed by Points.com, you won’t be able to earn category accelerators on Air Canada or travel purchases.
When buying or gifting Aeroplan points with a Canadian credit card, it will result in GST/HST being added to the total, eroding some of the value of your purchase.

Therefore, the ideal way to make your purchase would be to use a US credit card with a US billing address, in which case GST/HST isn’t levied. You could use this opportunity to make progress towards a minimum spending requirement on a new US credit card; otherwise, use a card that offers a strong return on everyday spending.
If you must use a Canadian credit card, you’ll be acquiring Aeroplan points at a higher rate,   depending on your provincial tax rate. With taxes included, the value proposition weakens, and you may be better off earning Aeroplan points in other ways.
Who Should Buy Aeroplan Points?
There are some situations in which buying Aeroplan points can be beneficial.
Travel on Long-Haul Partner Airlines
With a purchase price of as low as 1.75 cents per point, it doesn’t necessarily mean that you’re guaranteed to get the same value for your booking.
Before buying points, it’s important to consider Aeroplan’s dynamic pricing model, where award ticket prices on Air Canada flights can be a bit unpredictable . Points costs rise and fall, more closely mirroring cash costs, so there isn’t as clear an advantage to buying points and making a points booking.
Instead, you can benefit by flying on Air Canada’s partner airlines, where award tickets are at a fixed points price based on distance and region. There are certainly many more sweet spots to be had where you can stretch the value you get for your up-front cash costs.




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The Best Ways to Redeem 150,000+ Aeroplan Points







In general, you shouldn’t speculatively buy points if you tend to travel on dynamically priced routes. There’s a lot more risk in making a speculative points purchase if you can’t guarantee the value you’ll get – in that case, you should try to earn points the slow way.
On the other hand, if you’re confident that you’ll often have opportunities to redeem points above the price you pay, you can stand to benefit from a points purchase under this promotion.
Families Who Share Points
With Aeroplan’s  Family Sharing feature, you can easily purchase points on multiple accounts within a household and use them together.
That’s especially the case if you want to purchase more than the maximum of 1,000,000 Aeroplan points per account per year.
You can purchase points on up to eight Aeroplan accounts under the same Family Sharing pool (including any distant uncles if you don’t have a partner or kids), and redeem them out of your own account for your own trips. Across all linked accounts, your family could purchase up to 8,000,000 points per year.
Keep in mind that the Family Sharing feature has been temporarily closed off for the creation of new groups since Summer 2023. However, if you have a Family Sharing pool already set up, you can continue to use it as per usual.
Other Ways to Earn Aeroplan Points
Despite this being an opportunity to buy points for less than usual, there are no shortage of other easy and affordable ways to earn Aeroplan points. You should always consider if you can reach the balance you want, on the timeline you need it, in other ways.
Credit Cards by TD, CIBC, and American Express
By our count, Canada has no less than 20 credit cards that either earn Aeroplan points directly, or earn points that can be transferred to Aeroplan. That’s an enormous number of welcome bonuses you can collect, not to mention some strong ongoing earn rates on everyday spending.
In particular, the main cards you should be looking at are any co-branded Aeroplan credit card from TD , CIBC , or American Express , or any American Express card that earns Membership Rewards, which can be transferred to Aeroplan at a 1:1 ratio.
Generally, signup bonuses are the most affordable way to “buy” points. The fastest way is via premium cards with high fees and higher bonuses. Plus, you’d get all the perks of being a premium Aeroplan cardholder .




Largest Aeroplan Signup Bonuses






Credit Card
Best Offer
Value












TD® Aeroplan® Visa Infinite Privilege* Card

TD® Aeroplan® Visa Infinite Privilege* Card


Up to 75,000 Aeroplan points†

$599 annual fee


Up to 75,000 Aeroplan points†
$661


Apply Now











American Express Aeroplan Reserve Card

American Express Aeroplan Reserve Card


85,000 Aeroplan points

$599 annual fee


85,000 Aeroplan points
$858


Apply Now











American Express Aeroplan Business Reserve Card

American Express Aeroplan Business Reserve Card


Up to 95,000 Aeroplan points

$599 annual fee


Up to 95,000 Aeroplan points
$1,147


Apply Now











American Express Platinum Card

American Express Platinum Card


100,000 MR points

$799 annual fee


100,000 MR points
$1,361


Apply Now











Business Platinum Card from American Express

Business Platinum Card from American Express


120,000 MR points

$799 annual fee


120,000 MR points
$1,574


Apply Now











American Express Business Gold Rewards Card

American Express Business Gold Rewards Card


75,000 MR points

$199 annual fee


75,000 MR points
$1,561


Apply Now








On the other hand, if you prefer to keep costs down and earn points more slowly, the TD Aeroplan® Visa Infinite* Card  and the CIBC Aeroplan® Visa Infinite* Card are great choices. Both are almost always offering a first-year annual fee waiver, along with a decent-sized welcome bonus. The best cost to acquire points is no cost!
It’s worth noting that some Aeroplan credit card offers distribute the welcome bonus on a monthly basis, not all at once. Therefore, if you need the points right away, it might be better to take advantage of this Buy & Gift Points promotion, even at a higher cost than a new credit card.
US Credit Cards
The Chase Aeroplan Card is one of the best ways to earn award travel at a great price. For an annual fee of $95 (USD), you’ll get a welcome bonus worth up to 70,000 Aeroplan points.
American Express US Membership Rewards , Bilt Rewards , Chase Ultimate Rewards , and Capital One Miles can also be transferred 1:1 to Aeroplan. However, all of these programs have a much wider variety of unique transfer partners that are otherwise unavailable to Canadians.
With so many other ways to earn Aeroplan points in Canada, you might want to save your US transferable rewards for other purposes and perhaps only transfer them to Aeroplan as a last resort for a quick top-up.
Aeroplan eStore
You may also turn to the  Aeroplan eStore for bonuses on online purchases at many popular retailers, ranging from technology to sportswear companies.
High bonuses can often be found around big shopping days. Keep an eye out for things like Back to School promotions, and then dates like Thanksgiving and Christmas/Boxing Day.
You can access the shopping portal from your Aeroplan account. Unfortunately, there have been many technical difficulties since the new website launched, and points haven’t been awarded reliably.
While this is a good way to pad your balance, I wouldn’t count on it for an urgent top-up. Even if you were to take advantage of the latest promotion , the bonus points may not arrive in your account immediately.
Previous Promotions
As you decide whether this promotion is a good opportunity for you to meet your travel goals, here’s a look back at Aeroplan’s past bonuses on purchasing points:
Bonus Cents per point (CAD) Start Date End Date  Up to 100% more purchased points 1.75 June 7, 2024 June 21, 2024 Up to 85% more purchased points 1.89 April 29, 2024 May 11, 2024 Up to 80% more purchased points 1.94 March 20, 2024 April 5, 2024 Up to 100% more purchased points 1.75 January 23, 2024 January 29, 2024 Up to 30% off purchased points 2.45 December 7, 2023 December 30, 2023 Up to 100% more purchased points 1.75 November 13, 2023 November 29, 2023 Up to 80% more purchased points 1.94 October 16, 2023 October 25, 2023 Up to 80% more purchased points 1.94 September 12, 2023 100 October 2, 2023 Up to 75% more purchased points 2 July 6, 2023 July 12, 2023 Up to 50% off purchased points 1.75 June 7, 2023 June 17, 2023

Conclusion
Aeroplan ‘s promotion to get up to a 85% bonus on purchased points can represent a great deal in specific circumstances, especially if you need an urgent top-up to your account or have an immediate use for a specific high-value redemption.
If you’re interested in buying points, make sure you purchase before June 21, 2024 to take advantage of this offer.
The post Buy Aeroplan Points with a 100% Bonus appeared first on Prince of Travel by Josh Greenberg .