Details: New Chase Air Canada Aeroplan credit card
Air Canada and Chase have launched a terrific new partnership for those in the United States this year. In August, Air Canada Aeroplan became a Chase Ultimate Rewards transfer partner. Air Canada and Chase have now teamed up to launch a co-branded credit card, which is live today. We finally learned all the details of the map.
The basics of the Chase Aeroplan World Elite Mastercard
It’s not surprising given the folks behind the Aeroplan program, but Air Canada’s new co-branded credit card in the United States is both lucrative and innovative. From huge welcome bonuses and generous spending bonus categories to valuable perks, this card has a lot to offer.
Annual Chase Aeroplan Card Fee
The Chase Aeroplan Card has an annual fee of $ 95 per year. That’s in line with the annual fee you’ll find on most mid-range airline co-branded credit cards, so it’s quite reasonable.
Chase Aeroplan Card Welcome Bonus
The Chase Aeroplan Card offers a welcome introductory bonus of two welcome flight reward certificates valid for up to 50,000 points each (up to 100,000 points in total). You can unlock it after spending $ 4,000 in the first three months.
Each certificate can be applied to a single Aeroplan redemption for a single passenger in any cabin (on Air Canada or a partner airline) and for any redemption amount. In other words, you could book a ticket that costs 65,000 Aeroplan points using a Welcome Flight award certificate plus 15,000 Aeroplan points.
The certificate will remain valid as long as your card account is open, but if you close your account you also lose the welcome bonus.
Also keep in mind that there was a âwaiting listâ for the card, and if you are registered on that list, you can receive 10,000 bonus Aeroplan points over and above the standard bonus. I imagine those who signed up will be contacted directly about this.
Return on Chase Aeroplan Card Spending
The Chase Aeroplan Card has an extremely attractive rewards structure, all with no overseas transaction fees (making it perfect for overseas purchases). The menu offers:
- 3x Aeroplan points per dollar spent on meals, including take out and eligible delivery services
- 3x Aeroplan points per dollar spent in grocery stores
- 3x Aeroplan points per dollar spent directly with Air Canada
- 1x Aeroplan points per dollar spent on other purchases
It’s better than that, however. The card offers 500 bonus Aeroplan points for every $ 2,000 spent in a calendar month, up to a maximum of 1,500 Aeroplan points per month. In other words, if you were to theoretically spend $ 2,000 per month in a category eligible for 3x Points, you would earn a total of 6500 points, or 3.25x Aeroplan Points per dollar spent.
Benefits of the Chase Aeroplan Card
The Chase Aeroplan card offers all kinds of benefits:
- Free first piece of checked baggage on Air Canada flights for the primary cardholder and up to eight other travelers on the same itinerary
- A $ 100 credit to Global Entry, TSA Pre-Check or NEXUS, once every four years
- World Elite Mastercard benefits, plus travel protection for flight delays, baggage and more
- Aeroplan Elite 25K status for the remainder of the first calendar year in which you own the card, plus the following calendar year, offering perks like priority check-in, early boarding, upgrades and more, on Air Canada flights
- Cardholders can maintain Aeroplan Elite 25K status by spending $ 15,000 on the card in any calendar year
- Cardholders can achieve Aeroplan Elite 35K status by spending $ 50,000 on the card in any calendar year
- There are additional spend thresholds at $ 100,000, $ 250,000, $ 500,000 and $ 750,000, through which you can receive 50% off priority rewards; the value of these will vary depending on your status, with Elite 25K and Elite 35K members able to use them for economy trading in the US and Canada, and Super Elite members being able to use them for business class rewards in the whole world
- A carbon offset benefit, whereby Aeroplan will purchase carbon offsets when the cardholder redeems Aeroplan points for an Air Canada flight
For someone who spends $ 1 million on the card in a year, they offer something they call âGLOBAL + 1,â which is like a Global Rewards Redemption Companion Pass offering 100% of the points redeemed on. all redemptions in all cabins for the remainder of the year earned plus the entire following year for a companion traveling with the cardholder. It is potentially unbelievable.
Each month there are rewards for spending $ 2,000, $ 4,000 and $ 6,000 on the card (500 bonus points at each threshold). Then every year there are threshold rewards for spending $ 15,000; $ 50,000; $ 100,000; $ 250,000; $ 500,000; $ 750,000; and $ 1 million.
Coming soon: “Get your money back” feature
Aeroplan Miles are incredibly valuable for redeeming rewards on Star Alliance and other partner airlines, so it’s a great currency for earning miles (again, you can also transfer Amex Membership Rewards points, Capital One and Chase Ultimate Rewards). There is another great way to redeem Aeroplan Points if you have the card.
Soon, Chase Aeroplan cardholders will be able to apply their Aeroplan points to travel purchases on any airline, hotel or rental car, at the rate of 1.25 cents per point, up to 50,000 points per year.
This is quite an innovative opportunity for those who value Aeroplan Points less than I do, as it is essentially a way to âcash inâ them on any solid rate travel purchase.
My opinion on the new Chase Aeroplan card
The Chase Aeroplan Card is by far one of the most thoughtful and lucrative co-branded airline credit cards we’ve seen. I’m still trying to figure out how exactly this will fit into my strategy (like I don’t have enough cards already), but here are some early thoughts:
- Welcome bonus is lucrative, considering the incredible number of partner exchange opportunities with Aeroplan
- The bonus categories are generous, especially since there aren’t many Chase cards that consistently offer bonus points on groceries.
- I like it, rather than just offering Global Entry or TSA Pre-Check credit, you can also get NEXUS credit; I’ve said for years that I wish we had seen this so it’s great to finally see a card offering this
- The possibility of obtaining status with the card is excellent, although it will be especially useful if you are traveling with Air Canada rather than with a Star Alliance partner; I would like to have the opportunity to achieve Star Alliance Gold status by spending
I fully intend to take this card later. I’m not sure how much spending I’m going to put on the card – the bonus categories are great, although I don’t want to put too much daily spending on the card, given the opportunity cost.
At the end of the line
The Chase Aeroplan Card is finally launched and is quite lucrative. The card offers a great welcome bonus, generous spending categories, and valuable perks for being a permanent member. I was expecting something innovative from Aeroplan, and the program worked.
What do you think of the new Chase Aeroplan card?