Buy Aeroplan Points with Up to 115% Bonus

Aeroplan first launched their Buy & Gift Points feature in May 2020, and they’ve quickly developed a reputation for creative promotions.

So far, we’ve seen them offer an opportunity to earn Status Qualifying Dollars (SQD) on purchased points, a gifting bonus, and some very high bonuses of 100% or more.

For this round, you’ll earn various tiers of bonuses once you’ve purchased a minimum number of points. From now until November 28, 2022 at 11:59pm Pacific Time, you can earn up to a 115% bonus when you buy or gift Aeroplan points.

Buy Aeroplan Points with Up to 115% Bonus

Normally, Aeroplan sells points with a base price of 3.5 cents per point.

With this promotion, you’ll earn a targeted bonus of up to 105%, 110%, or 115% when you purchase a certain threshold of Aeroplan points.

With each of these bonus levels, the effective cent-per-point (cpp) acquisition costs are as follows:

  • 105% bonus: 1.71 cents per point
  • 110% bonus: 1.67 cents per point
  • 115% bonus: 1.63 cents per point

These are all lower than our current target redemption valuation of 2.1 cents per point, making it a good rate at which you can buy Aeroplan points if you have a concrete future use in mind.

If you purchase a lower amount than the threshold for the maximum bonus under your targeted offer, you may receive an 80% or 60% bonus instead. For example, here’s the full breakdown of the targeted offer on my account:

  • By 100,000+ points, receive a 115% bonus
  • Buy 50,000–95,000 points, receive an 80% bonus
  • Buy 10,000–45,000 points, receive a 60% bonus

These smaller bonuses would be equivalent to an acquisition cost of 1.94 or 2.19 cents per point, which would fall just below or just above our target redemption value of 2.1cpp, respectively.

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, although for this promotion the limit is increased to 500,000. Bonus points don’t count towards your yearly limits for buying and gifting points.

With this promotion, the most that an Aeroplan member could buy in a single transaction is 500,000 base points + 575,000 (115%) bonus points = 1,075,000 points. This would cost you a total of $17,500 (CAD), which you could then do again if you haven’t already met the maximum number of purchased points this year.

Surely, this is a steep price to pay, but not unreasonable if you frequently fly long-haul routes in business or First Class, given that those points would easily score you a number of round-trip journeys anywhere in the world in premium cabins.

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.

Note that buying or gifting Aeroplan points with a Canadian credit card will result in GST/HST being added to the total, which would erode 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 is not 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 approximately 2 cents per point, depending on your provincial tax rate. That’s still not a terrible rate, as it’s pretty much on par with our current valuation.

Who Should Buy Aeroplan Points?

There are some situations where buying Aeroplan points can be beneficial.

Travel on Long-Haul Partner Airlines

Although the purchase price of 1.63 cents per point is lower than our current valuation of Aeroplan points at 2.1 cents per point, that 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 are still 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, I wouldn’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, I’d prefer to earn 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, now is as good a time as any to load up.

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

Although this is a great deal on paper, there are no shortage of easy and affordable ways to earn Aeroplan points. You should always consider if you can reach the balance you want, on the timeline you’ll need it, in other ways.

Credit Cards by TD, CIBC, and American Express

By my 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
105,000 Aeroplan points $1,921 Apply Now
90,000 MR points $1,646 Apply Now
75,000 MR points $1,561 Apply Now
85,000 MR points $1,503 Apply Now
90,000 Aeroplan points $1,449 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. That’s a spectacular rate to acquire points, at roughly 0.14 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, I prefer to save my US transferable rewards for other purposes. I’d 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 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 over a year ago, 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 though there’s a lucrative Black Friday promotion currently, 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 115% more purchased points

1.63

November 14, 2022

November 28, 2022

Up to 85% more purchased points

1.89

September 29, 2022

October 9, 2022

Up to 85% more purchased points

1.89

August 30, 2022

September 3, 2022

Up to 100% more purchased points

1.75

July 8, 2022

July 20, 2022

Up to 85% more purchased points

1.89

May 9, 2022

May 20, 2022

Up to 100% more purchased points

1.75

March 9, 2022

March 22, 2022

Up to 100% more purchased points

1.75

January 27, 2022

February 2, 2022

Up to 80% more purchased points

1.67

September 27, 2021

October 11, 2021

Conclusion

Aeroplan‘s 115% bonus promotion on 100,000 or more purchased points, and any of the other lesser bonuses currently offered, are all good rates for buying Aeroplan points. However, unless you need an urgent top-up for a specific high-value redemption, there are better and cheaper ways to acquire points for discounted award travel.

With a higher base price on purchased points introduced this year, we’ve also seen higher bonuses more frequently. Therefore, these promotions are comparatively a much stronger opportunity to buy points.

If you’re interested in buying points, make sure you purchase before November 28, 2022 to take advantage of this offer.

This is a recurring article, regularly updated with the latest promotion. Some comments may refer to past promotions that are no longer available.

40 Comments
  1. Sonny

    I’ve got a 105% and it’s more expensive than the last offer of 85% of bonus.
    Why? Baceuse a couple of months ago I was could buy 40k or so with 85% bonus.
    And now if I try to by the same amount of miles the bonus goes down to 60% or so.
    So this is a worst promo for me compared to the last one

  2. steve

    With the current level of the USD…..thats gonna be a no for me

  3. Cdb

    Doesn’t count as SQD? Why not? Nope, not interested AC

    1. Sonny

      Good point

  4. Wilson Penha

    It seems people don’t pay proper attention and do reverse engineering on Aeroplan points. I’ve done many simulations on buying points, buying tickets with points and converting points to money and the worse of all options is to buy points, see the simulations:

    Ticket from Vancouver to Lisbon, premium economy 2 people:
    with money:
    pay a total of CAD$ 4000.00
    with points:
    give it a total of 277,000
    buying points:
    140,000 = CAD$ 4900.00 (if you get 100% bonus points you earn 280,000 points to pay the ticket)

    financially you won’t buy points to pay for your tickets
    buy with money and get 1.5x points or more depending on when you buy you could earn 5x points (20,000 points)

    If you got 277,000 points then better use it as you are saving CAD$ 4000.00

    No matter what don’t buy points, only AirCanada wins when you do it
    better use your credit card by earning more points at Aeroplan e-Shop

    always choose the best prices by adjusting your flights and stays

    have a good trip

  5. Gerg

    Taxes depend on the country in the billing address, not the country the card is issued in. They are often the same but not always. Also, the US isn’t the only other country in the world. Any non-Canada country in the billing address should be tax free.

  6. Leon YYC

    Imo, this is not as good a deal as it sounds. Dynamic pricing is through the roof right now and partner availability is minimal. But does this suggest AC is raising cash to deal with this summer’s gong show?

  7. Nick

    Anyone else feel like the points are worth less for the new Aeroplan flight rewards? I’ve been converting a few different flights and even business class looks below 2 cents/point…not sure if buying these points is worth it even with the bonus (after HST price is 1.98 cents/point)

  8. Omar Battistella YYZ

    A thought to consider….
    With everything going on around the world and the economy taking a nosedive, I sometimes wonder about these points deals and whether or not they’re such a good idea. The US dollar is practically worthless and the world is heading to hyperinflation according to some big people in the finance sector. The canadian government seems determined to turn our country into a dictatorship with everything thats happened in Ottawa and with all the new Bills being tabled in the house of commons.
    The possibility of a market crash is very real, and the ever increasing price of fuel just adds to the fire. What would happen to all the points we accumulate if the sh*t does hit the fan? At the very least, I would think a harsh re-evaluation would happen…at the very worst, airlines could go bankrupt and you would lose the points entirely.
    I catch myself wondering what the possible outcomes would be and how to make the best of the hoard of points Ive accumulated. I cant travel at the moment, so should I just sit on them..or should I seriously consider cashing out what i have (where I can) to avoid any misery down the road.
    When I see companys offering huge point deals like this one, I worry that they are trying to load their coffers with cash to protect them for when the storm hits and if you believe as I do, the storm is coming.
    What to do? Your comments are appreciated.

    1. Jeffy

      Uhh. That’s why you earn and burn? I spend about a 1.2 million miles a year and never keep them more than 6 months

  9. David

    Do I have to set my Aeroplan account to my US address to avoid the taxes with my US credit card?

  10. Rocco

    All airlines run these occasional scams. In a best case scenario, you are buying points for what they are actually worth, instead of the standard FU prices. More often, you are still paying above market for the points. Buying points is rarely a shrewd move.

    1. Trav YOW

      Hi Rocco,
      I disagree. In October we bought points for a recent trip to Ecuador. We bought them from the 80% bonus sale. We ended up traveling business class YOW-YUL-BOG-UIO on enough points for business class entirely from the promo, for about $600 less than economy would have cost and close to $3,200 less than business class cash prices at that time. We might be the exception, but I am certainly more vigilant now.

  11. Cecil

    “In total, you’d effectively earn a welcome bonus of 70,000 points. At that rate, you’re looking at a fantastic price of 0.17 cents per point.”
    Isn’t that supposed to be 0.017 cents per point??? a bit confused….

  12. Simon

    I received a different promotion this time. Instead of a bonus, I was offered a 45% discount…

  13. JP

    Josh, I am sitting on a $2,000 in an AC Gift Card. I’ve been using points for my flights so I am not using this card (I bought it a couple of years ago). Can I use it for the points purchase. Any other insights on whether this is a good idea (or not)?

    1. Josh YVR

      Points sales are processed by an external vendor and require a credit card for payment. Time to book a cash fare!

  14. issackaka

    Thanks Josh, bought 170K for JED-IST-LHR-YVR roundtrip on Turkish Airlines business class

  15. Paulk YYZ

    Josh, your comments about the e-store are bang on. While it is nice to take advantage of 5X offers or even 7X for Mothers/Fathers Day plus the elite 2X bonus, they are excruciatingly slow and often, amazingly inaccurate. I do a lot of purchasing through the Estore for Apple, Sportchek, Dell etc and you can count on the items showing pending forever (count on 8-10 weeks) and missing points. On top of that, it is really difficult to trace which orders relate to which items that show up on the Estore Order List, and if you call Estore and ask for order numbers so you can track, they don’t have that information.

    So if I think I have been robbed (and you have to carefully look up exclusions for popular retailers like Apple or Amazon and do a screen-print of the terms and conditions prior to purchasing an item to prove the items you purchased are eligible to earn points), I always put in “missing points” request.

    All in all, can be lucrative but a lot of work and waiting and waiting and waiting. Scott and company at Air Canada have a lot of work to do to fix this creaky “Ogre on Roller Skates”

  16. Dark Tippy

    Does anyone know if purchasing points count towards the amex statement credit deal for purchasing $400 dollars through the Air Canada Mobile site? I.e. spend $400 and get a $25 dollar statement credit up to 5 times ($125 credits total)

    1. Paul

      No, points purchase is processed by Points.com, other than Air Canada.

      1. Dark Tippy

        Thanks Paul!

  17. Kothar

    Would buying points and charging to AP reserve help in the $10k spend by Nov 30th to get 25k elite?

  18. Joshua

    I’m wondering when the inevitable point devaluation will occur with all of these promotions lately.

    1. Ricky YVR

      “Sooner or later” is the only answer.

  19. Sandy

    Is there a way to buy Aeroplan points with AC gift card? Thanks in advance

  20. Thomy4

    Is the only way to purchase Aeroplan points for a family member…joining Family Sharing?

  21. Thomy4

    Marco…I notice the same thing with Business class flights to TPE. Have they reduced or eliminated those flights?

    Thanks
    Andrew

  22. Marco

    Do the taxes actually show up once you sign into http://www.points.com. I was signed into my Aeroplan account and all it showed was the 75000 + 75000 bonus and the $2,250 charge as the total cost. Didn’t proceed further as still deciding however your screenshot above shows the taxes.

    As well a lot of Business Class fares show availabilities of just 33% in some cases. All EVA AIR to Taipei to Singapore prior to the promotion seems to have disappeared just economy now

    1. Ricky YVR

      Once you enter your province of residence, the taxes will calculate.

      1. Marco

        Thanks Ricky. Keep your great content coming 😉

  23. Jacques Wong

    If I use US visa card from RBC, so GST/HST is not levied

  24. Connie Fung

    Josh,
    Any expiry date on purchased points and bonus points?
    Thanks!

  25. Jason Liu

    If I use an Aeroplan credit card (Amex, TD, CIBC) to buy these points, is there any additional benefit other than getting the appointed 1 to 1.25 per $ spent?

  26. Alec

    Adele, your scaring me!! 🙁

    1. Adele

      Hey, I’m sitting on over 400k Aeropesos locked up in flights that will likely get canceled soon. It’s a sad affair for me too.

  27. Scott

    Hey Josh,

    Do you know if purchasing these points qualifies as a credit card sign up bonus spend?

    1. Jay*

      Of course, it is a purchase after all.

  28. Adele

    I get a sense that as the payroll date approaches every (2 weeks? half a month?), Air Canada scrambles to raise some cash and launches a new “promo”. It’s not that I don’t understand, it’s just that I feel the inevitable devaluations will be soon and they will be severe.

    LOL?

    1. C. Brule

      Sounds predatory. I’m paying cash for ppints to buy a ticket, and no SDM?! Where is th e logic AC?

      In what worrld does that make sense? No, just NO!!

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