Aeroplan Mega-Bonus Alert! Get a 100% Bonus on Aeroplan Points Until March 22

From now until March 22, you can get up to a 100% bonus on Aeroplan points bought through Air Canada. Here’s how.

Love it or hate, the Aeroplan rewards program is one of the best travel programs in Canada. And I mean that: not only are Aeroplan points easy to earn, but with the new Aeroplan flight charts, flight redemptions are fair, economical, and put most other travel programs to shame.

But every now and then, Aeroplan gives me another reason to sing their praises. And for March, that praise is this: until March 22, you can get up to a 100% bonus on all Aeroplan points.

What does that even mean? Let’s take a look.

Aeroplan’s March mega-bonus

Right now, Air Canada is selling Aeroplan points with up to a 100% bonus, which basically means you can get two points for the price of one. In order to get the full 100%, you have to purchase at least 100,000 miles, with other miles triggering smaller bonuses.

PointsBonus
5,000 – 19,00050%
20,000 – 55,00065%
60,000 – 95,00080%
100,000 +100%

For instance, if you’d bought 19,000 points from Air Canada, you would get 9,500 points in return. If you’d bought 95,000, then you’d get 80% of 95,000, or 76,000 in return. And if you’d bought 500,000 miles? Well, then — you’d have one million points to use.

How do you buy points from Air Canada?

To buy point from Air Canada, you need to be an Aeroplan member. And that’s about it. As long as you have an Aeroplan membership, you should have no problem buying points and scoring this bonus.

You should note, however, that is promotion ends on March 22 at midnight. As long as you buy your points before that date and time, you’ll get the bonus.

It seems too good to be true: What’s the catch?

To be sure, this is a hot deal, especially if you buy 100,000 or more. Scoring a 100% bonus on 100,000 points is extremely rare, and there’s no guarantee Air Canada will repeat it in the near future.

So, there’s no catch. Unless, of course, you don’t plan on flying this year. In fact, it’s likely that Air Canada is promoting this deal in order to lure people back into planes and out of a pandemic-induced “staycation.”

If you don’t plan on flying this year, and you buy points from Air Canada, you can save your points for later. But you might run into one obstacle: devaluation.

Basically, Aeroplan could choose at any time to devalue your points by changing their rewards program or adjusting it for inflation. You might buy 100,000 points, hoping that those 100,000 (or 200,000 with the bonus) will get you two plane tickets to Europe. And, as things stand right now, you should have no problems redeeming 200,000 points for flights to Europe. But if Aeroplan decided to require more points for European tickets, those points that you bought could be worth less than you thought.

Oh, and the worse part: Aeroplan doesn’t have to tell you about devaluations.

If you do plan on flying this year, or at least buying tickets, this mega-bonus is certainly worth it. But you have to act fast — buy your points before midnight tomorrow, March 22, to get your bonus.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium service or advisor. We’re Motley! Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, happier, and richer, so we sometimes publish articles that may not be in line with recommendations, rankings or other content.

The Motley Fool has no position in any of the stocks mentioned. Fool contributor Steven Porrello has no position in the companies mentioned. 

More on Personal Finance

woman retiree on computer
Investing

Retirees: Here’s How to Boost Your CPP Pension

Retirement planning is best done when considering not only your CPP pension, but also your investments in income-producing stocks like…

Read more »

Personal Finance

Here’s Why a Big Emergency Fund Is a Terrible, Terrible Idea

Here's why saving more than six months' worth of expenses can be disadvantageous to your household.

Read more »

Personal Finance

5 Super-Simple Ways to Completely Ruin Your Credit Score

Building your credit score takes time, dedication, and smart decisions. Tearing your credit score apart — well, you could do…

Read more »

Personal Finance

5 High-Paying Side Hustles That Could Help You Save for Retirement in 2022

If you're struggling to save for retirement, here are five side gigs that could give your retirement fund a boost.

Read more »

Personal Finance

The Tax Deadline Is Almost Here! Here Are 5 Things You Need to Know if You Haven’t Filed Yet

The deadline to file your taxes is May 2. If you haven't started yet, here's what you should know.

Read more »

Personal Finance

New to Investing? Be Sure You Avoid These 5 Newbie Mistakes

If you're new to investing, here are five big mistakes you should watch out for.

Read more »

Personal Finance

Lazy Canadians: Here’s How You Can Make $200 Per Week in Passive Income

To earn $200 a week, invest money in high-quality stocks or ETFs.

Read more »

gas station, convenience store, gas pumps
Personal Finance

Costco vs. Canadian Tire: Which Rewards Card Will Save You More on Gas in 2022?

The CIBC Costco Mastercard earns 3% back at Costco Gas, and the Canadian Tire Mastercard earns 10 cents per litre.…

Read more »