Aeroplan Spending and Transfer Bonuses This Week
This post contains references to products from one or more of our advertisers. We may receive compensation when you click on links to those products. Terms apply to the offers listed on this page. For an explanation of our Advertising Policy, visit this page.
It’s not Thanksgiving in Canada, so I thought I’d post about three Aeroplan promotions that are going on at the moment.
The first is called “Tangerine Saturday,” and is one day only this Saturday, November 24. All CIBC Aeroplan cardholders will earn 2x miles on all retail purchases including gas, grocery, drugstores and more. CIBC cards include the Aerogold, Aerogold Infinite, Aerogold for Small Business and Aero Classic.
Now, two miles per dollar isn’t a mind-boggling bonus, but the fact that it’s on every retail purchase right when everyone’s gearing up for holiday shopping is a big plus – and the earning ratio really beats the usual rate on some of these cards like the Aero Classic, whose cardholders usually just earn 1 mile per $2 spent – literally you’ve increased your earning by a factor of 4 on that one.
For your card and purchases to be eligible, you must be a resident of Canada. Eligible retailers include gas stations, grocery stores, drugstores, department stores and most specialty retailers. Excluded retailers include service providers such as travel, entertainment, dining or communications providers.
The bonus is calculated off base mileage only, not any usual bonuses you get on the card. So for instance if you usually earn 1 mile per $1 at gas stations plus a 50% bonus with your card, you will only earn 2 miles per $1, not 2.5 miles and not 3 miles. This bonus supersedes your normal earning rate. For the rest of the terms and conditions and a list of eligible retailers click here.
So start getting your shopping lists in order and hit the stores on Saturday.
Win 1,000,000 Aeroplan Miles
Then with the Bank More Miles Contest, every dollar you spend on one of these cards between November 24, 2012 and January 31, 2013 counts as an entry into a contest where you could win one of four grand prizes of 1 million Aeroplan miles each. To be eligible, you must be a member of Aeroplan, a CIBC Aeroplan cardholder and a resident of Canada.
There will be two separate draws with two potential winners each. The first will take place on January 25, 2013 for purchases made on or before December 31, 2012, and the second will take place February 25, 2013 for entries relating to purchases made between December 31, 2013 and the close of the entry period (that post to your account by February 7). Entries are limited to 9,999 per person. You can find the rest of the terms and conditions here.
Aeroplan Transfer Bonuses
Finally, now through December 17, Aeroplan is offering a bonus of up to 25% when you convert points from other programs into miles. This is structured a lot like their promo from last June, and the 20% bonus back in August/September.
Basically when you convert points from partner programs including banks, car rental companies and hotels into Aeroplan miles, you earn a bonus based on the number of miles you end up with.
Here’s how it breaks down:
So if you convert enough points to get 5,000 miles, you get a 20% bonus of 1,000 more miles, all the way up to 150,000 miles, for which you get a bonus of 40,000 miles – the max.
Just some things to note from the terms and conditions: Maximum 40,000 Bonus Aeroplan Miles can be earned per Aeroplan Member. Only conversions made from banks, hotel and car loyalty programs and points.com are eligible for this promotion. The participating partners include:
Banks/Credit Cards: CIBC, Bank of America, Diners Club Rewards
Hotels: Best Western Rewards, Club Carlson, Hilton, Marriott, Starwood Preferred Guest, Wyndham Rewards, Accor Le Club, Coast Rewards, Choice Privileges, Shangri-La Hotels
Bonus miles are credited sent to ten (7-10) days following successful receipt by Aeroplan of a conversion transaction from the partner.
The bonus is not based on individual transactions, but calculated on the total number of points/miles you convert during the promotion period, so this could be a good way to consolidate points that are currently dispersed throughout a number of programs.
Although I value Starwood points as some of the most valuable in the loyalty points world, there are two scenarios that might tempt me if I had a surplus of SPG points and needed to generate some Aeroplan miles in a hurry.
The first is if I were to convert 20,000 SPG points to Aeroplan. That would get me 25,000 miles with the standard 5,000-mile bonus on transfers of 20,000 points, and then I’d get an additional 4,000 miles with this promo for a total of 29,000 miles. That’s sort of like getting a 48% bonus (though I wouldn’t necessarily put it that way since SPG points are more valuable and versatile than Aeroplan miles).
The other is if you went whole hog and converted 80,000 SPG points into 100,000 Aeroplan miles, then you’d get an additional 25,000 miles with this promo – 45,000 extra miles all told, the equivalent of a 56% bonus, not bad! The 125,000 miles you’d end up with would almost be enough for a round the world ticket, and more than enough for some of the great-value redemptions in Aeroplan’s award chart like their 90,000 miles for roundtrip business class tickets between North America and Western Europe – though they do have some substantial fuel surcharges on certain Star Alliance partners.
That said, I think this is a more valuable proposition if you’re looking to consolidate stray points from other programs into a single account and score a bonus in the bargain.
Welcome to The Points Guy!