What Is the Value of Aeroplan Points?

If you've got a digital stack of Aeroplan points, here's how to figure out how much they are worth.
Jun 24, 2021

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

With Air Canada overhauling its loyalty program recently, you may be looking to add more points to your Air Canada Aeroplan account. But how much are Aeroplan points worth?

Based on our analysis, the value of 1 Aeroplan point is 1.9 cents. This is a baseline value, drawn from real-world data on hundreds of economy routes, not a maximized value. In other words, you should aim for award redemptions that offer 1.9 cents or more in value from your Aeroplan points.

What does this value mean?

Our estimate of 1.9 cents per Aeroplan point provides a lower-end value you can use to determine the relative value of your own redemptions. It is based on comparing main cabin fares, using both cash and miles, across several dates and destinations.

In other words, this is the value you can expect to get from your points without seeking particularly high-value redemptions. This means you can get more value by looking for sweet spots and using more advanced award techniques. It also means you can end up getting lower value than this if you’re not careful.

How does the value of Aeroplan points change when booking business class?

You can expect to get around 2.7 cents in value per Aeroplan point for business class awards on Air Canada, per our analysis.

That's a solid average redemption rate compared to other airline loyalty programs. For example, other North American mileage programs — such as American, Delta, United — range between 1.5 and 2.8 cents per mile for business class awards. Of the programs we've analyzed, only Alaska beats Air Canada with an average business class redemption rate of 2.8 cents per mile.

As with most airline mileage programs, you'll get a higher redemption rate when you redeem points for business class. That's also true with Aeroplan. On average, you'll get 42% more value when using your Aeroplan points for business class awards rather than economy awards.

How to convert Aeroplan points to dollars

Use our calculator to can figure out how much your Aeroplan points are worth in dollars based on our estimated value.

When is the best time to redeem Aeroplan points?

Not all redemptions are equal, so we compared the redemption rates for Air Canada awards for three specific time frames:

  • Awards booked 15 days to departure.

  • Awards booked 180 days to departure.

  • Awards booked for winter holiday travel.

We found that you'll get the highest redemption rate when you book closer to departure.

Economy award tickets

For economy awards, there's not much of a difference among the booking options. Economy awards booked 15 days before departure averaged 1.5 cents in value versus 1.3 cents per point for awards booked 180 days out. Holiday bookings were right in the middle with a value of 1.4 cents per point.

All of these values are well below the average economy redemption rate of 1.9 cents per point. So none stand out as optimal times to book an Air Canada award.

Business award tickets

While there's not much variation for economy awards, there's a noticeable value difference for Air Canada business class awards. Air Canada business class awards average 2.8 cents per point when booked 15 days before departure. Advance bookings of 180 days (2.2 cents per point) and flights booked during the holidays (2.1 cents per point) were much less valuable in our analysis.

How flexible are Aeroplan points?

Aeroplan points provide great value for Air Canada awards; however, your options go far beyond the airline. Since Air Canada is a member of the Star Alliance, you can redeem Aeroplan points on any of the 26 Star Alliance partners — which collectively serve over 1,300 airports. When you add in non-alliance airlines, Aeroplan partners with a total of 43 different airlines.

These partners provide a vast array of options — from intra-Brazil hops on Azul to incredible first class awards on Etihad Airways. There are plenty of sweet spots in the Aeroplan program, including awards between the U.S. and Canada for as few as 6,000 points each way or flights to Hawaii for just 12,500 points each way.

How we determined the value of Aeroplan points

We collected hundreds of data points comparing the cash value to award (point) value for the same routes and dates. That is, we compared the cost of a given ticket in either cash or points, across many tickets.

This method differs from others in that it looks at actual redemptions rather than hypothetical maximized redemptions. The advantage of this approach is that it provides a real-world indication of how much these points are worth, on average. That said, it doesn’t take into account the high-value redemptions that points enthusiasts seek.

Wondering what you can do with those points? Check out our points collector's guide to Air Canada, and learn which credit card is best for international award travel.


How to maximize your rewards

You want a travel credit card that prioritizes what’s important to you. Here are our picks for the best travel credit cards of 2022, including those best for:

partner offers

Chase Sapphire Preferred® Card
60,000 Bonus points offer - Terms Apply
Wells Fargo Autograph℠ Card
New! Earn a 30,000 bonus point offer - Terms Apply
Bank of America® Travel Rewards credit card
25,000 online bonus points offer - Terms Apply

Partner offers

Chase Sapphire Preferred Credit Card

Chase Sapphire Preferred® Card

With a $95 annual fee & an outstanding sign up bonus, this card is a great option, especially if you transfer points from other Chase cards
APPLY NOW

on Chase's website

Highlights:
  1. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®
  2. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X on travel purchased through Chase Ultimate Rewards®, 3X on dining and 2X on all other travel purchases, plus more
  3. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel
  1. Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 when you redeem through Chase Ultimate Rewards®
  2. Enjoy benefits such as a $50 annual Ultimate Rewards Hotel Credit, 5X on travel purchased through Chase Ultimate Rewards®, 3X on dining and 2X on all other travel purchases, plus more
  3. Get 25% more value when you redeem for airfare, hotels, car rentals and cruises through Chase Ultimate Rewards®. For example, 60,000 points are worth $750 toward travel
APPLY NOW

on Chase's website

Wells Fargo Autograph℠ Credit Card

Wells Fargo Autograph℠ Card

Earn unlimited points on all purchases and 3X points in a host of common spending categories. With a great bonus offer as well, this card offers so much value, all for no annual fee
APPLY NOW

on Wells Fargo's website

Rates & Fees
Highlights:
  1. Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months - that's a $300 cash redemption value
  2. Earn unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Plus, earn 1X points on other purchases
  3. $0 annual fee
  1. Earn 30,000 bonus points when you spend $1,500 in purchases in the first 3 months - that's a $300 cash redemption value
  2. Earn unlimited 3X points on the things that really add up - like restaurants, travel, gas stations, transit, popular streaming services, and phone plans. Plus, earn 1X points on other purchases
  3. $0 annual fee
APPLY NOW

on Wells Fargo's website

Rates & Fees
Bank of America Travel Rewards® Credit Card

Bank of America® Travel Rewards credit card

This card makes its bones with simplicity and value: solid rewards on every purchase for an annual fee of $0
APPLY NOW

on Bank of America's website

Highlights:
  1. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  2. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  3. Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions
  1. Earn unlimited 1.5 points per $1 spent on all purchases, with no annual fee and no foreign transaction fees and your points don't expire
  2. 25,000 online bonus points after you make at least $1,000 in purchases in the first 90 days of account opening - that can be a $250 statement credit toward travel purchases
  3. Use your card to book your trip how and where you want - you're not limited to specific websites with blackout dates or restrictions
APPLY NOW

on Bank of America's website

Get more smart money moves – straight to your inbox
Sign up and we’ll send you Nerdy articles about the money topics that matter most to you along with other ways to help you get more from your money.