[Expired] Aeroplan: Buy Miles From 1.26¢ Per Mile

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The Offer

Direct link to offer

• Aeroplan is offering a bonus of up to 75% when buying miles. The bonus you receive depends on how many miles you purchase (this varies per customer, below is the best offer):
  • Buy 2,000 – 50,000 miles and get a 25% bonus (1.77¢ per mile)
  • Buy 60,000 – 170,000 miles and get a 40% bonus (1.58¢ per mile)
  • Buy 180,000 – 240,000 miles and get a 60% bonus (1.38¢ per mile)
  • Buy 250,000+ miles and get a 75% bonus (1.26¢ per mile)

The Fine Print

• Valid until July 12, 2020 at 11:59:59 PM ET
• All Aeroplan Miles purchased and/or gifted prior to the Offer Period (July 7, 2020) or purchased and/or gifted with a login time before July 7, 2020 at 08:00:00 AM, are not considered as Eligible Aeroplan Miles pursuant to this Offer and will not count towards the percentage Bonus Aeroplan Miles earned nor the accumulation of Altitude Qualifying Dollars (AQD) associated with this Offer.
• Through this Offer, Eligible Participants will earn:
  • (a) Altitude Qualifying Dollars (AQD): Earn 100% of the cost of bought and/or gifted Eligible Aeroplan Miles will count as Altitude Qualifying Dollars (AQD) towards your status (up to a maximum total of $5,000). For example, if an Eligible Participant buys 100,000 Eligible Aeroplan Miles for CAD$3,000, the member would earn CAD$3,000 Altitude Qualifying Dollars (AQD). In the case of gifting Eligible Aeroplan Miles to another Aeroplan member (the recipient), it is the gifter that will earn the Altitude Qualifying Dollars (AQD), and not the recipient.
  • (b) Bonus Aeroplan Miles: Earn the following Bonus Aeroplan Miles, which are calculated based on the Eligible Aeroplan Miles bought by an Eligible Participant during the Offer Period. In the case of gifting Aeroplan Miles by an Aeroplan member (the gifter) to another Aeroplan member (the recipient), it is the recipient that will earn the Bonus Aeroplan Miles, which will be deposited into the recipient’s Aeroplan account.
• Bonus Aeroplan Miles awarded through this Offer do not count towards the limit of 350,000 Aeroplan Miles that can be bought per transaction per Aeroplan account
• Eligible Aeroplan Miles do count towards the limit of 350,000 Aeroplan Miles that can be bought per transaction per Aeroplan account
• Bonus Aeroplan Miles awarded through this Offer do not count towards the calendar year annual limit of 1,000,000 Aeroplan Miles that can be bought per Aeroplan account.
• Eligible Aeroplan Miles do count towards the calendar year annual limit of 1,000,000 Aeroplan Miles that can be bought per Aeroplan account.
  (b) Gifting Eligible Aeroplan Miles Offer: Pursuant to this Offer, Eligible Participants can gift a minimum of 2,000 Aeroplan Miles and up to 350,000 Aeroplan Miles per transaction.
• Please allow up to 72 hours after purchase for Eligible Aeroplan Miles and Bonus Aeroplan Miles to be deposited in your Aeroplan account.
• The applicable Altitude Qualifying Dollars (AQD) will be credited by August 31, 2020, to the Eligible Participants account and will be added to your Altitude Qualifying Dollars total on aircanada.altitude.com tracker ( https://altitude.aircanada.com/mystatus/dashboard#/ ).
• Aeroplan Miles and Bonus Aeroplan Miles acquired pursuant to this Offer are not eligible for Aeroplan status.

Our Verdict

Aeroplan has previously sold miles for as low as 1¢ each, that was a launch bonus though so I doubt we will see that again. You need to spend a lot of money ($5,000+) to get the biggest discount. Personally think you have to be crazy to be purchasing miles at a time like this. I guess if you plan to immediately travel and will use the miles then it could make some sense. I’m personally expecting big devaluations once things return to ‘normal’ (whenever that is).

Hat tip to FM