Aeroplan's has come out with another buy or gift points promotion where you can earn up to a 100% bonus. This tiered offer sees bonuses ranging from 50% to 100% dependent on how many points you buy. This offer runs until March 22, 2022 and allows members to buy up to 350,000 points per transaction up to the annual limit of 1 million points. If you buy 5,000 to 19,000 points you'll earn a 50% bonus, 20,000 to 55,000 points will earn a 65% bonus, 60,000 to 90,000 you'll get a 80% bonus and 100,000+ will earn the 100%.
If you buy points at the 100% level your cost on each point is 1.75 cents (C$) each before taxes. Since we value Aeroplan points at a minimum of 1.5 cents each you would think it wouldn't make sense to buy them 1.75 cents each but over the past year or so we have shown Aeroplan redemption examples of 1.72 cents (for economy class) to 4.35 cents and over 6 cents (for business class). In those cases where you can extract 2 cents per points or more in value it can make sense to buy points as you would end up saving some cash on your trips!
Offer details:
Receive up to a 100% bonus when buy Aeroplan points online. Valid until Mar 22, 22 Buy points here. Bonuses as follows:
Buy 5,000 - 19,000 points, receive a 50% bonus
Buy 20,000 - 55,000 points, receive a 65% bonus
Buy 60,000 - 95,000 points, receive a 80% bonus
Buy 100,000+ points, receive a 100% bonus