Chase Aeroplan Card: Up to 101,000 Points or 80,000 Points + $250 Statement Credit

The US-issued Chase Aeroplan Card has put out a new round of welcome bonuses, following the end of its first round of signup offers since the card was first launched in December 2021.

The Chase Aeroplan Card is available to US residents and Canadians who have embarked on the path of getting US credit cards. As part of the latest round of welcome bonuses, there’s both a public offer and an in-path offer available, and let’s take a look at the details for both. 

Public Offer: Up to 101,000 Aeroplan Points

The new public offer for the Chase Aeroplan Card has a nominal value of up to 101,000 Aeroplan points. At first glance, this offer is technically higher than the previous welcome offer worth 100,000 points, but that doesn’t quite capture the whole story.

The welcome bonus is broken down as follows:

  • Earn a Welcome Flight Reward Certificate worth 50,000 Aeroplan points upon spending US$3,000 in the first three months
  • Earn 10x Aeroplan points on travel and dining in the first six months, up to a maximum of 51,000 Aeroplan points (equivalent to US$5,100 spent on travel and dining)

Recall that a Welcome Flight Reward Certificate carries the same value as Aeroplan points, but operates with a few key differences:

  • You can use the certificate to book a redemption of equal or higher value, topping up with extra Aeroplan points and paying the difference if necessary.
  • However, if you redeem the certificate for a lower-value reward, then it’s considered fully used, and you won’t capture the residual value of the certificate.
  • One certificate is required per passenger, per reservation. You can’t use one certificate worth 50,000 points to book, say, an itinerary for two passengers worth 25,000 points each.
  • Certificates do not expire as long as you’re a Chase Aeroplan cardholder.

Now, the second component of the welcome bonus is to earn up to 51,000 points through a 10x accelerator on travel and dining in the first six months. 

However, it must be noted that since you typically earn 1–3x points on travel and dining as part of the card’s regular earning rate, the real incremental welcome bonus will actually be less than 51,000 points.

The Chase Aeroplan Card regularly earns points at the following rates:

  • 3 Aeroplan points per dollar spent on dining, takeout, and food delivery services worldwide
  • 3 Aeroplan points per dollar spent on groceries worldwide
  • 3 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations purchases
  • 1 Aeroplan point per dollar spent on all other purchases

Thus, Air Canada and dining purchases normally earn 3x points, so you’ll effectively only earn 7x bonus points, for a total of 10x points, as part of this welcome offer. Similarly, non-Air Canada travel purchases normally earn 1x points, so you’ll effectively only earn 9x bonus points, for a total of 10x points.

Both accelerators will apply until a combined maximum of US$5,100 spent in both categories is reached. 

We can see that the description of “10x points, up to 51,000 points” is being used as something of a marketing tactic here, with the true earnings being somewhere in the range of 35,700–45,900 Aeroplan points depending on what purchases you make (with non-Air Canada travel purchases helping to maximize the incremental gains). 

Thus, the true overall value of the welcome bonus can be thought of as 85,700–95,900 Aeroplan points, depending on your spending patterns. This will be useful to know as we compare the public offer against the “in-path offer” that we’ll discuss next.

In-Path Offer: 80,000 Aeroplan Points + US$250 Statement Credit

As we’ve seen in the past with Aeroplan co-branded credit cards by TD, CIBC, and American Express in Canada, the US-issued Chase Aeroplan Card is also putting on an in-path offer, which only shows up during the booking path of a new flight booking on the Air Canada website.

To maximize your odds of seeing the in-path offer show up, use a US-based VPN while searching for a flight on the Air Canada website. 

The in-path offer for the Chase Aeroplan Card is worth up to 80,000 Aeroplan points in value, and also earns a US$250 statement credit after your first purchase. This statement credit more than outweighs the first-year annual fee of US$95, and essentially pays for two and a half years of holding the card upfront.

The remaining 80,000 points is broken down as follows:

  • Earn 20,000 Aeroplan points upon spending US$1,000 in the first three months.
  • Earn a Welcome Flight Reward Certificate worth 60,000 Aeroplan points upon spending US$10,000 in the first six months.

This certificate worth 60,000 points is the most powerful one that we’ve seen ever since Aeroplan introduced this concept with the Chase Aeroplan Card’s launch, outweighing the 50,000-point certificates from both the initial and current round of public welcome bonuses.

There is certainly a heftier spend of US$10,000 in six months associated with the in-path offer, but the sheer value of 80,000 points and a US$250 statement credit might well make this more appealing compared to the public offer. 

Recall that the true value of the public offer was only 85,700–95,900 Aeroplan points, meaning that the difference to the in-path offer’s value of 80,000 points is merely 5,700–15,900 points.

The high end of that range is roughly on par with the value of the US$250 statement credit as per our Points Valuations, but many cardholders might prefer the upfront cash bonus compared to being locked into certain spending categories for six months to maximize the public offer.

Furthermore, although US$10,000 in six months is a higher spending threshold, it’s worth keeping in mind that spending US$15,000 on the Chase Aeroplan Card will earn you Aeroplan 25K status through the following year as part of the card’s ongoing benefits.

Aeroplan 25K status earns you 25 eUpgrade credits per year, allowing you to score instant upgrades from economy class to business class on Air Canada flights.

Spend US$15,000 on the Chase Aeroplan Card to secure 25 eUpgrade credits per year.

Furthermore, cardholders who spend US$50,000 within one calendar year will earn a one-time status bump through the following year via the Elite Status Level Up benefit. Combined with the US$15,000 spending threshold for Aeroplan 25K, this means that spending US$50,000 earns you at least Aeroplan 35K status year after year. 

Many applicants of the Chase Aeroplan Card would’ve had an eye to hit these higher spending requirements anyways, so the US$10,000 spending requirement in six months may be quite attainable with this in mind.

Apply Now

The Chase Aeroplan Card is subject to Chase’s “5/24 rule”, which means that you’re unlikely to be approved if you’ve opened five or more US-issued credit cards over the past 24 months. 

If you’re a Canadian-based Aeroplan members and are interested in getting this card, refer to our guide to Getting US Credit Cards for Canadians. If you’re starting out now, it’ll likely be at least a year’s time before you’re eligible to get the Chase Aeroplan Card. 

Meanwhile, US-based Aeroplan members can apply directly via Chase to earn up to 101,00 Aeroplan points, or search for the in-path offer via the Air Canada website if you’d prefer to earn 80,000 Aeroplan points and a US$250 statement credit.

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