Review: Chase Aeroplan Mastercard

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The day is finally here! The Chase Aeroplan World Elite Mastercard has arrived. It's not often that there's this much hype surrounding a co-branded card, but this card is mostly worth the hype. At a low annual fee of $95 and packed with perks for almost everyone, this brand new card is sure to be a crowd pleaser.

Current Offer

The Chase Aeroplan credit card offers 2 flight reward certificates, each worth up to 50,000 miles, after a $4,000 spend in 3 months. This card has a $95 annual fee, which is not waived in the first year. While this offer is not as lucrative as 100,000 points, it is excellent news that you can combine points with each certificate to book a more expensive flight. This means, for example, that you can combined one reward certificate and 25,000 Aeroplan miles to book a 75,000-mile flight. The certificates do not expire as long as you hold the card. However, if you book a flight that is less than 50,000 miles, you forfeit the remaining value of the reward.  Aeroplan is one of the best options for flying Star Alliance airlines. This makes the card's sign-up bonus lucrative for those looking to fly business or first class.

Like other Chase cards, you will not qualify for this card if you have opened more than 5 credit cards with any bank in the last 24 months.

Earn Rate

The Chase Aeroplan credit card has something for almost everyone. As a co-branded card, you earn Aeroplan miles instead of a transferable currency like Chase Ultimate Rewards, Amex Membership Rewards, or Citi ThankYou Points. While it is best to begin with transferable points, as they typically yield more value, co-brand cards offer value as well.

The Chase Aeroplan card earns:

  • 3x miles at grocery stores
  • 3x on dining, including takeout and delivery
  • 3x on purchases directly with Air Canada
  • 1x on all other purchases
  • 500 bonus miles per $2,000 spend per month, up to 1,500 bonus miles ($6,000) per month

Additional Benefits

As a Chase Aeroplan cardholder, you receive 25K Elite Status for the year in which you open the card. 25K Status entitles you to free checked bags, priority check-in, priority seat selection, a 50% discount on preferred seat selection and earns you Star Alliance Silver. You can maintain your 25K status in subsequent years by spending a minimum of $15,000 on your card in a calendar year. Lastly, if you spend $50,000 or more in a calendar year, you get to “level up” all the way to Aeroplan's highest elite level, Aeroplan Super Elite Status. If you are already a Super Elite and spend $50,000 or more in a calendar year, you can gift 50K Elite Status to a friend or family member.

Additionally, the Chase Aeroplan card comes with these perks:

  • World Elite MasterCard benefits, including cellphone insurance, a concierge, and an array of travel insurance
  • First checked bag free, and for up to 8 companions on the same reservation (9 total)
  • TSA/Global Entry/NEXUS $100 credit every 4 years
  • Preferred pricing on tickets on Air Canada flights (any partner flights not included)

Our Analysis

While this card is not perfect, it is definitely a step in the right direction. First, let's talk about the good: it's great to see Chase introduce a card with a full-time grocery bonus multiplier. An uncapped 3x earn on grocery spend is something Chase desperately needed. Likewise, 3x on Air Canada and dining purchases is great. For the sign-up bonus, it's awesome that you can combine the 50K certificates with points to book any flight you want, no matter the price, and that the certificates do not expire while you have the Chase Aeroplan card.

For benefits, free bags for up to 9 people is overly generous for most everyone. And the $100 credit towards NEXUS is awesome for those that travel between the USA and Canada frequently. Status chasers can benefit from $15,000 spend for 25K status or $50,000 spend for a “level up” status bonus are great perks. If you can combine this spend in the bonus categories listed above, the card is even more lucrative.

But it is not all good news, that's for sure. The sign-up bonus is targeted at premium cabin fliers or  those who would burn a 50K certificate for a one-way economy flight and forfeit the remaining value. This sign-up bonus anticipates that most will never redeem the 2 certificates for the full 100,000 miles. That is unfortunate and 100,000 miles would be a much simpler and fair sign up bonus.

For bonus multipliers, you can earn 3x dining on a Chase Sapphire Preferred, Chase Sapphire Reserve, Chase Freedom Flex or Chase Freedom Unlimited. Additionally, you can earn 4x on dining on an Amex Gold or 5x on flights on the Amex Platinum. All of those points transfer 1 to 1 to Aeroplan. Therefore, putting your dining or Air Canada spend on those cards is a better value proposition. Lastly, while this card offers 3x uncapped at grocery stores, you can earn the same with a Citi Premier and earn transferable ThankYou Points, rather than captive co-branded miles on Air Canada.

Final Thoughts

Overall, the Chase Aeroplan Mastercard is worthy of a $95 annual fee and the SUB is lucrative. If you enjoy premium cabins, especially to Europe, then this card is for you. For most, this card is worthy of a 5/24 spot. The Chase Aeroplan card will jump up near the ToP of our airline credit cards.

What are your thoughts? Worth it? Did it live up to the hype? Come on over to our almost 16,000 member Facebook group and tell us your thoughts.

 

Travel on Point(s) has partnered with CardRatings for our coverage of credit card products. Travel on Point(s) and CardRatings may receive a commission from card issuers. Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities.

 

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