From now until October 2, 2023 at 11:59pm PDT, you can get up to an 80% bonus when you buy Aeroplan points.
Keep in mind that if you purchased points during the last event, you’ll get an extra 15% bonus this time around. If this is the case, then you’re eligible for up to a 95% bonus.
Buy Aeroplan Points with an 80% Bonus
Normally, Aeroplan sells points at a base price of 3.5 cents per point (CAD).
For this round, you’ll get the same 80% discount as long as you buy at least 30,000 points:
- Buy 30,000 or more points and get an 80% bonus
With the 80% bonus, the effective cent-per-point (cpp) acquisition cost comes to 1.94 cents (CAD).
At 1.94 cpp, buying Aeroplan points with an 80% bonus is a bit lower 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, the 80% bonus can represent a good deal; however, it’s worth noting that we’ve also seen sales with a 110% bonus this year, which brought the price down to 1.67cpp.
The price drops even lower if you purchased points during the last sale, since you’ll get an extra 15% bonus this time around. With a 95% bonus, the acquisition cost drops down to just 1.79 cents per point (CAD), which is a solid deal.
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, the limit has been doubled under this offer. You can purchase up to 500,000 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 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, 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 1.94 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.
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.
Other Ways to Earn Aeroplan Points
Despite this being a possible great deal for buying Aeroplan points, 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.
|Credit Card||Best Offer||Value|
|120,000 MR points||$1,574||Apply Now|
|75,000 MR points||$1,561||Apply Now|
|100,000 MR points||$1,361||Apply Now|
|Up to 100,000 Aeroplan points†||$1,068||Apply Now|
|Up to 100,000 Aeroplan points||$819||Apply Now|
|90,000 Aeroplan points||$611||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 100,000 Aeroplan points. That’s a spectacular rate for acquiring points, at roughly 0.095 cents per point (USD)!
American Express US Membership 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.
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.
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:
Cents per point (CAD)
Up to 80% more purchased points
September 12, 2023
October 2, 2023
Up to 75% more purchased points
July 6, 2023
July 12, 2023
Up to 50% off purchased points
June 7, 2023
June 17, 2023
Up to 95% more purchased points
May 22, 2023
May 29, 2023
Up to 110% more purchased points
May 18, 2023
May 22, 2023
Up to 85% more purchased points
April 17, 2023
April 30, 2023
Up to 80% more purchased points
March 13, 2023
March 29, 2023
Up to 100% more purchased points
January 19, 2023
January 25, 2023
Up to 30% off purchased points
December 2, 2022
December 30, 2022
Up to 115% more purchased points
November 14, 2022
November 28, 2022
Up to 85% more purchased points
September 29, 2022
October 9, 2022
Aeroplan‘s promotion to get up to an 80% bonus can represent a solid deal in specific circumstances. However, unless you need an urgent top-up to your account or have an immediate use for a specific high-value redemption, there are better and cheaper ways to acquire points for discounted award travel.
It’s worth noting that we’ve also seen higher bonuses in recent sales. Therefore, these promotions can offer a much stronger opportunity to buy points when better deals come around.
On the other hand, if you’re eligible for an extra 15% bonus this time, it could make a good deal great.
If you’re interested in buying points, make sure you purchase before October 2, 2023 to take advantage of this offer.