There’s been a lot of changes to Aeroplan over the past year, Air Canada’s loyalty program recently. Not only did Aeroplan release a new award chart, they also started partnering with Chase. Although you’ve been able to transfer Chase Ultimate Rewards to Aeroplan for a few months now, adding extra value to your Chase points, there hasn’t been a co-branded credit card yet.

Aeroplan has officially announced its new credit card, the Chase Aeroplan® World Elite Mastercard® Credit Card.

Let’s get into the details, and a verdict on if the new Chase Aeroplan Card is worth your time.

Welcome Bonus

There’s an intriguing welcome bonus on the new Chase Aeroplan Card. For a limited time, new Aeroplan Credit Card cardmembers will receive two Welcome Flight Reward Certificates valid for up to 50,000 points each (up to 100,000 total points) after spending $4,000 on the card in the first three months.

This is an interesting welcome offer. It isn’t points directly into your account, but instead certificates valid for up to 50,000 points each. So you could potentially redeem them for less than their maximum value, but they’d be all used up and you wouldn’t receive the remaining value of the vouchers.

The good news is that you can stack miles and certificates. This means you can use the certificates to book flights above 50,000 miles, you’ll just need to cover the difference. If your flight costs 75,000 miles you can use the certificate plus 25,000 miles.

What’s an interesting take is that the certificates are valid as long as your card account is open. There’s no hard and final expiration. However, if you cancel your card before using the certificates, you’ll forfeit them.

Air Canada Business Class

Air Canada Business Class

Bonus for Those Who Joined The Waitlist

You should know that Aeroplan announced this card a few months ago. If you signed up for the waitlist, you’re eligible for a special offer. Check your email for it, keep in mind it might be in your spam. I had to search for “Chase Aeroplan” in my email to find it.

The special offer includes the two certificates plus an additional 10,000 Aeroplan miles. According to the email I received, the special offer expires February 15th, 2021. You’ll also receive an additional 10 eUpgrade credits.

The amount of eUpgrade credits that you’ll need for a flight depends on the zones you’re traveling through, as well as the distance of the flight. You can reference the Air Canada eUpgrade chart on their website for more information.

Earning Structure

The Chase Aeroplan Card has some opportunities to earn more points on your day to day spend. You’ll be eligible to earn additional points in the following ways:

  • 3X points per dollar spent on dining, takeout and eligible delivery services
  • 3X points per dollar spent at grocery stores
  • 3X points per dollar spent directly with Air Canada
  • 1X point for all other purchases
  • 500 bonus points for every $2,000 spent in a calendar month, up to a maximum of 1,500 points per month.

Although there aren’t a ton of extra categories, they’re fairly useful ones. Plenty of cards earn bonus points on dining, takeout and eligible delivery services. You’d be better served using a Chase Sapphire Preferred® Card for this category. The Sapphire Preferred also earns 3X points on dining, takeout and eligible delivery services. You’d be earning Ultimate Rewards that you could later transfer to Aeroplan if you wanted, while maintaining the flexibility of Ultimate Rewards.

On the contrary, the 3X points per dollar spent at grocery stores is fairly competitive. While it isn’t as good as the ability to earn 4X Membership Rewards per dollar spent at U.S. supermarkets on the first $25,000 spent per year with the American Express® Gold Card (Rates & Fees), it is better than the Chase Sapphire Preferred which only earns 3X points on online grocery purchases.

Chase is also incentivizing you to use this as your daily driver by offering 500 bonus points for every $2,000 spent in a calendar month up to a maximum of 1,500 points per month. This is an all or nothing proposition, so if you spend $3,999 you’ll only receive 500 bonus points. Think of it as around 0.25 extra points per dollar, maximum. While that may not seem like much, it can definitely add up over time.

Los Angeles, California - April 12, 2019: Air Canada Boeing 787-9 Dreamliner airplane at Los Angeles Airport (LAX) in the United States.

Air Canada Travel Benefits

Cardmembers will receive a variety of travel benefits with their card. You can expect some of the standard travel benefits on Air Canada operated flights that you’d expect with any co-branded airline card:

  • One free checked bag for the primary cardmember and up to eight other travelers on the same itinerary.
  • Complimentary Aeroplan 25K elite status for the first calendar year plus the following calendar year
  • Ability to earn 25K elite status through the next year after spending $15,000 in a calendar year
  • Boost your status to 35K by spending $50,000 in a calendar year
  • Spend $100,000 in a calendar year and unlock additional Aeroplan benefits

For starters, new cardmembers will automatically receive Aeroplan 25K Elite Status for the remainder of the first calendar year plus the following calendar year. For this reason, you really shouldn’t be in a rush to open this card. By waiting until next year you’ll earn 25K for all of 2022 and 2023. If you open it now you’ll only have it for 2021 and 2022.

Another additional benefit that may surprise you is carbon offsets. Many travelers are becoming increasingly environmentally conscious. Now, Aeroplan will purchase carbon offsets to reduce your impact of emissions when you fly on an Air Canada flight using an Aeroplan flight reward.

TSA-PreCheck-Global-Entry

Additional Travel Benefits

There’s a host of additional travel benefits that you likely expect from most travel cards these days:

  • $100 credit toward Global Entry, TSA Precheck or NEXUS every four years (offered as a reimbursement for the application fee charged to your card)
  • No foreign transaction fees
  • Trip Cancellation/Interruption insurance
  • Baggage Delay Insurance
  • Trip Delay Reimbursement
  • Auto Rental Collision Damage Waiver
  • Roadside Assistance
Trip-Cancellation-Interruption-insurance

Pay Yourself Back

Interestingly, Chase plans to also expand the Pay Yourself Back feature to the Chase Aeroplan Card. Chase Aeroplan cardmembers will be able to use their Aeroplan points to purchase travel on any airline, hotels, car rentals and more at a rate of 1.25 cents each.

The drawback? This is limited to just 50,000 points per year. So you’ll only be able to use it for up to $625 worth of value.

Final Thoughts

I wouldn’t rush out to open the new Chase Aeroplan Card just yet. The ability to earn status for the current calendar year and the following means I’d hold off until 2022 to apply unless you have a compelling reason to get Aeroplan 25K status now.

The ability to stack the flight certificates with extra points helps you stretch the certificates a bit farther. Plus the additional earning opportunities aren’t class leading, but certainly are competitive to help make this a decent daily spender.