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Aeroplan’s latest Buy points promotion starts today and is a good one! Members can buy Aeroplan points from May 18 – May 29 with a 60% to 110% bonus. However, the 110% bonus is only available for a limited time, until May 22. Starting May 23, the bonus will cap out at 95%. Let’s look at the details and various price points;
Buy Aeroplan Points with a 110% bonus
Promotion Link to Aeroplan points purchase
- Buy or gift 5,000-34,000 points, and get a 60% bonus
- Buy or gift 35,000-70,000 points, and get a 75% bonus
- Buy or gift 80,000+ points and get a 110% bonus (until May 22, 2023)
- Buy or gift 80,000+ points and get a 95% bonus (May 23, 2023, onwards)
With a 110% bonus, members can buy Aeroplan points for as little as 1.67 cents per point (CPP). My conservative valuation for an Aeroplan point is 2.0 CPP, which makes 1.67 CPP a reasonable price point, especially for those that want to redeem on international routes in premium cabins. While it’s difficult to pinpoint a set value for Air Canada flight rewards due to dynamic pricing, partner flight rewards offer consistent value. Few examples;
Members can buy or gift up to 500,000 Aeroplan points (per transaction) for this promotion. The annual limit to buy points remains at 1 million points, while the yearly limit to gist points remains at 500,000. Note that bonus Aeroplan points awarded through this Offer do not count towards the transactional limit of Aeroplan points that can be bought per Aeroplan account.
Buy Aeroplan Points – Credit Cards to Consider
Aeroplan points purchase transactions are processed by Points.com and will not code as a travel purchase, so it is best to use a card that offers the highest return on standard daily transactions. Purchases with Canadian cards will be subject to sales tax and may further erode the value of 1.67 CPP. However, purchases with U.S.-based cards with a U.S. billing address are not subject to sales tax, which makes them the best option for Aeroplan points purchases.
For those not in a hurry to purchase Aeroplan points, a better way to earn them would be through the credit card bonuses offered by Canadian Credit Cards. American Express Canada offers some of the best cards with transferrable points and Aeroplan co-branded cards that members can look into.
Buy Aeroplan Points – TakeAway
While I cannot advise that everyone must buy through this promotion, a 110% bonus brings the purchase price down to 1.67 CPP, close to the lowest we have seen. This promotion is the best time to top-up accounts toward a specific plan, including meeting spending requirements on new credit cards.
Are you buying?