Last year, TD and Aeroplan had put on a couple of 10x bonus points promotions when spending on Air Canada flights.
We’re now seeing a similar offer for CIBC Aeroplan cardholders, this time with a wider range of eligible travel purchases.
From now until May 31, 2022, CIBC Aeroplan cardholders can earn 10x Aeroplan points on travel purchases, for a total of up to 7,500 Aeroplan points on each CIBC Aeroplan co-branded card.
Register for the Offer
All four CIBC Aeroplan co-branded cards are eligible for this promotion:
|Credit Card||Best Offer||Value|
|30,000 Aeroplan points + Buddy Pass||$1,323||Apply Now|
|20,000 Aeroplan points + Buddy Pass||$1,071||Apply Now|
|Up to 75,000 Aeroplan points||$425||Apply Now|
|10,000 Aeroplan points||$210||Apply Now|
Registration is required at this link, and cardholders ought to have received emails letting them know to register.
You should get a confirmation email as a result:
Earn Up to 7,500 Bonus Aeroplan Points
After registering, cardholders can earn points at 10x their usual earning rate on travel purchases through May 31, 2022.
Eligible travel purchases include “airlines, car rental agencies, travel agencies/tour operators, hotels, cruise lines, tour buses/bus lines, local/suburban commuter passenger transportation, ferries, local water transportation, railways, limousines/cabs”.
Each CIBC Aeroplan credit card can earn a maximum of 7,500 bonus Aeroplan points, based on the incremental difference between regular earning rate and the 10x bonus rate for any given purchase category.
For example, the CIBC Aeroplan Visa Infinite Card normally earns 1.5x points on Air Canada, but 1x points on other travel purchases.
With this 10x bonus in play, the new earning rates would be 15x and 10x on Air Canada and other travel purchases, respectively – and the effective incremental earning rate would be 13.5x and 9x on Air Canada and other travel purchases, respectively.
Thus, you’d hit the maximum of 7,500 bonus points by spending a total of $556 on Air Canada flights, a total of $833 on other travel purchases, or some mixed bundle between the two.
Similarly, consider the CIBC Aeroplan Visa Infinite Privilege Card, which normally earns 2x points on Air Canada. With an effective incremental earning rate of 18x, you’d only need to spend $417 on Air Canada flights to max out the 7,500 bonus points.
A tenfold earning rate on travel is extremely valuable, and it’s certainly worth splitting your upcoming travel purchases across as many CIBC Aeroplan cards in your household as possible to earn the 7,500 bonus Aeroplan points on each one.
These bonus amounts can take 6–8 weeks after the offer period to be deposited into your Aeroplan account.
As with most promotions of this nature, the points you earn should count towards your Everyday Status Qualification, giving you a boost towards earning entry-level Aeroplan 25K status without having to fly.
Don’t Forget: Converting Air Canada Tickets to Aeroplan Points
Even if you don’t have any upcoming trips planned for which you’re looking to book paid flights with Air Canada, this 10–20x bonus miles promotion could represent an easy route towards buying Aeroplan points on the cheap.
That’s because under Air Canada’s flexible booking policy, you can convert the value of your Air Canada ticket into Aeroplan points with a 65% bonus if you change your travel plans.
Let’s do some math here: if you purchased a $417 Air Canada ticket with a CIBC Aeroplan Visa Infinite Privilege or CIBC Aeroplan Visa Business Card (on any route and class of service; it doesn’t really matter since this will only be a dummy booking), you’d the maximum of earn 7,500 bonus Aeroplan points under the promotion’s terms.
Upon completing your purchase, you could then convert this ticket into Aeroplan points, with a 65% bonus on top of the current standard rate of 3.5 cents per point (cpp).
If your Aeroplan account is registered under a valid foreign address, then you don’t pay any sales taxes on this conversion, so it’d be a flat rate of 2.12cpp. A $417 ticket would therefore convert into 19,640 Aeroplan points.
Adding in the 7,500 bonus points, you’d have earned 27,140 Aeroplan points for $417 in spend, which is an effective rate of 1.54cpp (CAD).
That’s not a bad rate at which to pick up some extra Aeroplan points, especially if you’ve got your eye on a high-value Aeroplan sweet spot in the future.
Also: 15% Off Base Fares with Air Canada
Concurrently, Air Canada is also offering a blanket 15% discount on base fares in economy class, premium economy, and business class within Canada, the US, and to Sun destinations.
The promotion code can be found directly on the CIBC offer page, and you must book by May 1, 2022 for travel by December 15, 2022.
While this sale is being advertised as part of the same CIBC offer, it doesn’t seem like you need to be a current CIBC Aeroplan cardholder, nor pay with your CIBC Aeroplan card, to take advantage of the discount code.
If you have any upcoming intra-North America trips with Air Canada over the upcoming period, now may be a good time to lock in a booking, taking advantage of both the 15% discount and the 10x Aeroplan points for paying with a CIBC co-branded credit card.
If you change your mind, you always have the option of converting into a flexible Air Canada Travel Voucher or converting the value of your ticket into Aeroplan miles at a favourable effective rate, as discussed above.
Until May 31, 2022, you’ll earn 10x Aeroplan points on travel, up to a maximum of 7,500 bonus points, on CIBC Aeroplan co-branded credit cards. Make sure to register for the offer before making your purchases.
TD Aeroplan cardholders had already gotten a few similar promotions last year, so it’s nice to see CIBC Aeroplan cardholders getting some love as well. This particular deal is capped at a relatively lower 7,500 bonus points per card, but allows a much wider range of eligible travel purchases in return.
And even if you aren’t necessarily looking to book paid flights at the moment, but you’d rather rack up Aeroplan points for future bookings, you can take advantage of this promotion to unlock an effective purchase price of 1.54cpp (CAD) on Aeroplan points using the premium or small business CIBC Aeroplan card when paired with Air Canada’s ongoing flexible travel policy.