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Today has seen the launch of the new Aeroplan® Credit Card and after a lot of rumors and speculation, we now have confirmation of exactly what the new card offers. I’ll write a full review of the credit card in good time, but for now, here are the details of what the credit card offers.
Welcome bonus
Earn 70,000 bonus points after you spend $3,000 on purchases in the first 3 months from account opening.
Annual fee
- $95
Earnings
- 3 points/dollar on dining, takeout, and eligible delivery services
- 3 points/dollar on spending made at grocery stores
- 3 points/dollar for spending made directly with Air Canada
- 1 point/dollar on spending in all other categories
In addition, cardholders will earn 500 bonus points for every $2,000 spent in a calendar month up to a maximum of 1,500 points per calendar month.
Benefits
Elite status
A new primary cardholder receives Aeroplan 25K Elite Status for the remainder of the first calendar year as well as for the whole of the following calendar year.
What this effectively means is that if you don’t already have Aeroplan status, you will probably be better off applying for this card in early January. That way you’ll have 25K Elite Status for all of the first year that you hold the card and all of the following year too.
Spending $15,000 on the Aeroplan® Credit Card in a calendar year will grant the primary cardholder Aeroplan 25k elite status for yet another year.
Spending $50,000 on the Aeroplan® Credit Card in a calendar year will grant the primary cardholder an Aeroplan elite status “level-up” which gives the cardholder a one tier boost in status for the next calendar year.
Full Aeroplan benefits can be found via this link.
Preferred award pricing
Per Chase and Air Canada, primary cardholders “will often require fewer Aeroplan points to redeem for flight rewards through the Aeroplan program than Aeroplan Members who do not hold an Aeroplan co-branded Credit Card”.
This preferred pricing applies only to flight rewards with Air Canada.
Checked baggage
The primary cardholder gets a free checked bag for themselves as well as for up to eight other travelers booked on the same reservation when flying with Air Canada, Air Canada Rouge, or Air Canada Express.
Global Entry/TSA PreCheck credit
The Aeroplan® Credit Card gives cardholders a $100 credit toward Global Entry, TSA Precheck, or NEXUS every four years when the membership fee for one of those programs is charged to the card.
Protections & insurances
The information that Chase has supplied says that the Aeroplan® Credit Card offers all of the following protections/insurances:
Trip Cancellation/Interruption Insurance – you can be reimbursed up to $1,500 per person and $6,000 per trip for your pre-paid, non-refundable passenger fares, if your trip is canceled or cut short by sickness, severe weather and other covered situations
Baggage Delay Insurance – reimburses you for essential purchases like toiletries and clothing for baggage delays over 6 hours by passenger carrier up to $100 a day for 3 days.
Trip Delay Reimbursement – If your common carrier travel is delayed more than 12 hours or requires an overnight stay, the cardholder and family are covered for unreimbursed expenses, such as meals and lodging, up to $500 per ticket.
Auto Rental Collision Damage Waiver – Decline the rental company’s collision insurance and charge the entire rental cost to your card. Coverage is provided for theft and collision damage for most cars in the U.S. and abroad. In the U.S., coverage is secondary to your personal insurance.
Purchase protection – Covers your new purchases for 120 days against damage or theft up to $500 per claim and $50,000 per account.
Carbon offset benefit
Air Canada will purchase carbon offset instruments each time a holder on a Chase Aeroplan Credit Card redeems Aeroplan Points for a flight reward on Air Canada.
Pay yourself back benefits
Holders of the Aeroplan® Credit Card can redeem Aeroplan points for a statement credit to cover travel purchases made with their card. This is valid for bookings made with any airline, as well as spending made with hotels, car rental agencies, ride-share services and more. Points are redeemed rate of 1.25 cents each.
World Elite Mastercard benefits
The Aeroplan® Credit Card is issued as a “World Elite Mastercard” which means that it comes with a variety of extra benefits that can be very useful.
Link to World Elite Mastercard benefits
Bottom line
The new Aeroplan® Credit Card has now been launched and is open to new applicants (here). The benefits and earning rates look good for a card that costs just $$95/year so this will undoubtedly be a very popular card amongst travelers that enjoy collecting and using Aeroplan Points.
