Update 7/7/23: Available again.
Update 4/18/23: Deal ends 5/4/23.
The Offer
- The Chase Aeroplan Card is offering 100,000 points. Bonus is broken down as follows:
- Earn 60,000 points after you spend $4,000 on purchases in the first 3 months your account is open
- Plus 40,000 points after you spend $20,000 on purchases in the first 12 months your account is open.
Card Details
- Annual fee of $95
- Pay Yourself Back On Travel Purchases (1.25¢ Per Point)
- Card earns at the following rates:
- 3x grocery and dining including delivery services and with air Canada directly.
- 1x on all other purchases.
- 500 point bonus every 2k spend up to 1500 a month.
- Aeroplan 25k status for the remainder of this year and next after that 15k spend per year to maintain the status.
- Free 1st checked bag up to 8 companions on air Canada.
- Travel certificates don’t expire as long as your account is opening
- Global Entry or TSA PreCheck® or NEXUS Fee Credit (up to $100 every four years)
- Receive access to preferred pricing on flight rewards.
Our Verdict
Previously there was 70,000 point offer that only requires $3,000 in spend. This is an extra 30,000 points but requires $17,000 in extra spend (less than 2 points per $1 spent as a bonus). Probably not worth it for most people, although the 1.25¢ cashout option on travel might make it worth it for big spenders.
Dropped to Earn 60,000 bonus points after you spend $3,000 on purchases in the first 3 months your account is open
New offer available (75k 3mo $4k spending in 3mo, 25k after 20k spending in 12 months)
https://creditcards.chase.com/a1/Aeroplan/75k25kaep
I thought the two 50k coupons were kind of bad when it first happened but at lower spend requirements and the fact that you can throw a coupon on each business class flight it actually turned out to be pretty easy to use
tempting
It looks to me Aeroplan and Chase are continuously tweaking their cobrand card offerings, in order to maximize both parties return on this card. The card is introduced no more than 3 to 4 years? Yet the sign up bonus have changed about 1/2 doz times already.
Read on FT that Chase is shutting those accounts that abuse the PYB on this card, with some astonished redemption of like 5,000,000 Aeroolan points for $62.5K Travel expenses cash out?
The current offer is definitely inferior for many more normal spending pattern cardholders. Even you have big spend, you could use that spend to get other cards (be it sign up bonus or far better currency than the Aeroplan low value proposition on the extra $$$$ spend.
I like Aeroplan but definitely dislike how Aeroplan and Chase tweaking the cobrand card which I haven’t found any attractive offer except the 70K/$3K one in the past. But we have the Ink Unlimited much better offer of 100K UR to contend with, hence Aeroplan fell to the wayside.
Just FYI, this is from a mailer that had a generic link. I believe it is intended to be targeted.
Didn’t I just see a post a few days ago about someone getting shutdown after using the PYB feature on this card?
Pretty sure that person tried to cash out like 5 million points, so kinda asking for it.
abusing, not using 🙂
The terms specifically say it’s OK for points earned on Aeroplan or transferred in from Chase.
I bet the people getting in trouble were transferring in points from Amex or Cap1 and cashing out massive amounts.
For anyone who already applied for this card—did chase pull the same credit bureau as expected? I’ve heard that they are unexpectedly pulling Transunion for this card, and I wonder if Aeroplan (a Canadian company) instructs Chase to pull a specific bureau.
Chase always pulls EX for me (PA) and it was the case this time as well.
Chase always pulled both EX and TU for my 3 cards (NY).
Sounds great. While were at it, let’s just round it up to 100k spend. I mean, I do have the time money and resources.
I got it last time when it was 2 of 50k coupons. Much better than this s*itty offer.