Tuesday, 5 May 2015

Get The Most Value From Your Aeroplan Miles

Now that you’ve earned a ton of Aeroplan miles, you need to know how to effectively spend them so all of your hard work earning them isn’t wasted.  You want to get the absolute best value for your miles possible while still redeeming them for an award you actually want and can use.  The information found here will help you to squeeze every possible penny out of your Aeroplan miles!

Choosing The Right Reward

When it comes to choosing the right reward with Aeroplan, there is no discussion necessary.  There is only one viable option, flights!  All the other reward options will give at most 50% of the value you could obtain by booking a flight.  You can still look into the other reward options if they interest you, but just know that 99.9% of the time you will be throwing many more miles away than you should be.  If you are considering redeeming your miles for something other than flights you should consider the following options instead:
  • If you ever will need to fly in the future, save the miles for then and buy the item you really want with the money saved.
  • Redeem a ticket for a family member who is flying anyway and have them pay you back the cost of the ticket as a favour to you.
  • Use your miles to gift a ticket or trip to a family member and again use the money saved how you wish.

Where To Fly

One of the principle determining factors of the value you get for your miles is where you choose to fly.  After reading Measuring Value and Redeeming Miles, you should be able to calculate your return globally for any route that Air Canada flies as long as you know the rough cost of a flight on that route.  You can use one of the many internet travel sites out there to determine this cost or theAirCanada.com site itself.  A few things to look for to increase the value of your flight are as follows:

1) Choose the longest possible distance you can fly within a particular reward zone:
  • From coast to coast of a single country or continent.
    • If flying from British Columbia, a good destination would be Florida.
    • If flying from the Atlantic Provinces, a good destination would be California.
  • The Caribbean and Europe represent good value to Western Canadians.
  • Hawaii and Asia represent good value to Eastern Canadians.
  • Australia represents good value for everyone.

2) Fly to remote destinations and small airports:
  • Smaller cities in any country are always more expensive than major airport hubs.
  • Remote places like Alaska or the Northwest Territories are much more expensive.

3) Fly on high-demand routes
  • Often these routes match those from 1) and 2).
  • Routes to Australia and the Middle East are always in high demand.
  • Popular vacation routes during March break or other peak travel times.

Getting The Ticket You Want

After reading our criticisms of the Aeroplan program, it should be obvious that getting the reward ticket you want can be very difficult or near impossible.  However, if you know the rules and master how the game works, then you will be the early bird that gets the worm!  You can walk away with that high value ticket for exactly when and where you want to travel, it just takes some patience and preparation. 

Booking Early

The biggest asset you have when booking a reward ticket at the cheapest classic rate is time.  You want to book your trip as early as possible, up to 365 days in advance for the most popular routes.  This means you need to plan your vacations and trips well ahead of time, but this can actually be a good thing because a well planned vacation is often a more enjoyable and less stressful one anyway.  As you are earning your miles, you should already be thinking of where and when you want to travel and then, based on that, determine how soon you will have to book your ticket.  The following chart is a rough guideline for how far in advance you should book:
DestinationBooking Time
Canada & Continental USA3 months +
Vacation Hotspots6 months
International6 months
Super High Demand355 days
To be extra safe, you are probably want to have more than a rough estimate.  To get a better idea, you can go right now over to Aeroplan.com and do a pretend booking for the route you are interested in and see how far out in advance you need to book to get a flight.  Starting 2 months out and going from there is a good idea.

Flexible Departure Day

If the route you are flying has flights operating every day of the week and everything is booked on the first day you try you should definitely consider other days during the same week.
  • Routes that cater to business passengers have more availability on Saturday and early Sunday.
  • There is usually more availability in the middle of the week (Tuesday, Wednesday, Thursday).
  • Wednesday is the cheapest overall day to fly and thus has the highest availability.

Flexible Time Of Year

Many vacation and travel destinations obviously have high and low seasons for travel.  Being flexible about the time of year you are planning to fly can definitely allow you to book closer to the actual date of departure.  For example, flying to Europe in the winter should be relatively easy when compared to flying there in July.  Of course, who wants to go to Europe in the winter?  Not many people!  However, you can try to book just outside the high season, say in early May or late October and it will still be warm enough for you to have a good time.  Just keep in mind that there may be less festivals, activities, and attractions available for you to participate in during these times.

Use The Call Center

Aeroplan.com is great because you can avoid booking fees by booking your trip there but it isn’t much help when you try to book a complicated itinerary or availability is very limited.  You could have been looking at an available flight one minute and see it disappear the next while you were sitting on the fence about booking it.  You can actually accidentally lock yourself out of your own flight by going too far in the booking process so that it becomes temporarily reserved for you and then screwing up somehow and having to start the search over.  The flight remains locked for a period of time and will not show up in the inventory during your next search.  I’ve had this happen to me multiple times, and let me tell you it is very frustrating not knowing if the flight has been booked or will reappear sometime later.
The solution for these frustrations is to call and speak with an Aeroplan agent!  Most of their agents are very knowledgeable and helpful and keep in mind that you only need to pay the $30 booking fee if the agent actually books the flight for you.  You can use them to help figure out your route, find availability on specific routes and days, and even check on partner airlines and difficult routes that don’t always show up properly on the website.  Once you are armed with this extra information, you can either try again to book the flight through the website to avoid the fee or complete the transaction with the agent over the phone.  If availability is very limited, paying the fee is often the best option to avoid all the inevitable headaches you will have booking it yourself.

Different Times Of Day

Booking during a busy time of day can be much harder than booking early morning or on a less busy day.  When there a lot of people window shopping on Aeroplan.com as well as people calling in to the call center, seats are often put on hold with no intention of ever being booked.  You want to be accessing the inventory when activity is low so there is less of a chance that the seats you are looking for will be temporarily tied up by someone else.  Granted if the availability is completely non-existent during busy times of the day, your chances probably won’t be that much better during the slow times.  If availability is scattered, then this method could likely get you a better day, time, or connection than you were previously looking at.

Different Airports

If you live in an area that is surrounded by several airports and you can’t get a flight that you really need out of your home airport, it would be worth your while to check for flights out of as many neighbouring airports as you are willing to drive to.  I, for example, have an airport in my home city but I also have 3 other cities that I can turn to that are each less than 2 hours drive away that I will check.  My parents live in one of those cities, so I will obviously look there first for the free parking and accommodations, but I would be will to go to any of them in a pinch.

Check Often

If you don’t happen to book early enough to get your reward ticket easily, then you are resigned to checking often to see if something becomes available.  Checking at least once a day at different times during the day probably isn’t too much.  You never know when a flight will be cancelled or changed by another person, opening up a spot for you.  As mentioned in the Criticisms section, it also happens from time to time that Aeroplan will release more reward seats as the day of the flight approaches.  They do this when flights are selling poorly to use up seats on a particular flight or as part of a system wide promotion across most or all of their flights during a given period.
I have read somewhere previously that Air Canada starts by releasing roughly 5% of the seats immediately on every flight for reward travel and that number can increase to up to 10% later on if they decide to release more seats.  Keeping this in mind, it is a good idea to pay attention to any website announcements and consider signing up for the Aeroplan email newsletter so you will be kept informed on the latest news, offers, and promotions.  Signing up for the RewardsCanada.canewsletter also would not hurt.  You may also want to consider using a flight monitoring service likeFareCompare.com to monitor seat sales for the dates your are planning to book.  Doing so will tip you off to when seats may be selling poorly which could indicate that more reward seats will also simultaneously be made available.

Split Your Booking

This may be going too far for some people, but another option when seats are limited is to split your booking if you are traveling with multiple people.  It is very common when doing a search for two or more people on Aeroplan.com for no available classic seats to show up, but if you were to search for just one person you would get a lot more hits.  The reason for this is that with so few reward seats available, there are often orphan seats that sit there unbooked until a solo passenger comes along to snatch it up.  Try splitting your party across multiple flights that have similar arrival times so you can meet up later.  You may even be able to meet up on a connecting flight further down the line and fly the rest of the journey together!
An even more advanced option is to split your seats across multiple Star Alliance carriers or even use rewards points you have collected in another airline program to find that second seat.  If you get creative, there is usually a way to get the job done even when it looks impossible.

Consider Business Class

With Aeroplan, the cost for ClassicPlus seats can be easily several times the cost of classic seats when all the classics are gone.  In fact, they are often more expensive than business class seats at the classic rate.  However, people often seem to forget about business class seats entirely which, for flights in North America, usually aren’t in very high demand.  On top of that, they are only slightly more expensive at 40,000 miles versus 25,000.  Another reason business class seats are usually available at the classic rate, even when the economy ClassicPlus seats are getting very expensive, is because the search results page on Aeroplan.com minimizes the business class seat section by default.  When searching for reward flights, most people don’t think to change the “Preferred Cabin” option to anything but economy.  So, if you’re desperate, why not book the business class seats and enjoy the extra perks that go along with that and still pay less than a seat in economy would cost you on an overbooked flight?

Multi City Flights

Another great way to get a better return on your miles is to use them to take a trip to multiple cities at no additional cost.  You didn’t know you could do that, did you?  Well you can!  When you go to book the flight on Aeroplan.com, click on the MULTI-CITY tab and it will allow you to enter up to three one way flights that can each have connections.  There fairly strict rules on which city can be used as your third city, but as long as it isn’t too far out of the way of the city you departed from, then it will be allowed.  The beauty of this method is that if you were to book such a flight on Air Canada, it would be a fair bit more expensive than a traditional round trip flight.  Since you aren’t spending any more miles to do this, your rate of return rises accordingly!

Stopovers

Adding the third city somewhere between your origin and destination city is what is known as a stopover.  You are allowed to stay in this city for as long as you want and then can continue on to your final destination city when you so choose.  Here is a personal example:
Later this year, in October 2010, I am flying to Vancouver primarily for my sisters wedding and while I am there I am going to attempt to do some promotion for this site.  Instead of doing this simple round trip, I elected to incorporate Edmonton into my trip as a stopover so I can do a few days worth of promotion for HowToSaveMoney.ca there as well.  This extra leg on my flight would normally have added an additional cost of $150 to my ticket, but with Aeroplan there was no additional cost!

Connections

Connections are short stops in intermediate cities between your origin and destination during any of the legs of your flight.  There are strict rules with stopovers that they must be less than 4 hours in length or overnight if there are no more departing flights after the time of your arrival.  The 4 hour rule is only for domestic or trans-border (USA) flights.  For international flights, the maximum time is increased to 24 hours.  Although this is a short window of time to work with and taking advantage of it doesn’t technically increase the value of your ticket, you manipulate your flights to give you a longer connection in an intermediate city to see a few sites, try out a local restaurant, or grab some New York cheesecake if you are passing through New York!

Open Jaw

This is a more specialized flight option that may or may not add value to your reward, but it does provide some interesting possibilities.  An open jaw is when a portion of your trip is not done with Air Canada and you arrange to get from one city to another using an alternate means.  The distance between the arrival city and the departure city of your open jaw must be less than the distance of the shortest flight leg on your itinerary just to keep the system from being abused.  As an example, you could book the following open jaw flight:
 Fly from Toronto to Calgary.
Take the train from Calgary to Vancouver.
Fly from Vancouver back to Toronto.

Reducing Taxes And Fees

Inconsistent taxes and fees was one of the things discussed in the Criticisms section.  There are actually ways that you can reduce these fees when you book your rewards travel with a little patience and flexibility.

Check Different Connecting Flights

When booking your flight there is probably a multitude of connection options, especially if you are travelling from cost to coast.  For example, when traveling from Atlantic Canada to Western Canada you can connect in places like Toronto, Montreal, Ottawa, and Calgary among others.  By selecting a few of the different options and continuing on to the booking page you can see the total taxes and fees and in some cases it can easily have a spread of $30 or more per passenger.  This is most likely due to a difference in fuel charges and airport fees for those different routes and airports.  All other things being equal, it makes sense to go for the cheaper option!

Use Star Alliance Partners

Whenever possible it is to your advantage to fly with a Star Alliance partner rather than Air Canada, because in almost all cases they charge far less taxes for a nearly identical flight.  At the time of this writing the following example was valid:
Test booking a 25,000 mile flight from Vancouver to Chicago on Aeroplan.com flying solely on United Airlines aircraft resulted in taxes and fees of $88.71.  Booking something nearly identical with Air Canada resulted in taxes and fees of $165.00.  Yes, your out of pocket expense when flying with Air Canada is nearly double!
You can play around with the different airlines and connections a little more to likely get even better savings, but the difference won’t be as large as it is when cutting out Air Canada from the trip.  It is important to note that you need to remove Air Canada entirely to meaningfully reduce the fees.  When test booking a combo Air Canada and United flight, the fees were still around the same price as they were when flying solely with Air Canada.

Flying First Or Business Class

Flying in first or business class is one method that some very frequent travelers, especially those onFlyerTalk, swear by for increasing the value of their miles.  With Aeroplan, the upgrade cost to business class is actually quite small, usually about 50% more miles.  Considering the actual cost of a ticket in business class is at least 200% more expensive, this is obviously a good deal.  Other rewards programs often inflate the cost in miles to be nearly 100% more expensive than economy class, so Aeroplan is ahead in that regard as well.  Let’s consider an example booking flying from Halifax to Hong Kong booked 6 months in advance at the time of this writing:
Reward ClassMile CostDollar CostCPM
Economy75,000$1,105.991.47 cents
Business / First115,000$9,153.987.96 cents
From this you can see that for a 53% increase in the mile cost of the flight, you get a 727% increase in the value you are getting from the flight.  Calculated in terms of cents per mile (CPM), which is the amount in cents that each mile you are spending for the reward is worth to you, you can see that each mile is worth only 1.47 cents in economy but soars to almost 8 cents in business class.  When doing this comparison I took the cheapest economy fair available (Tango Plus) and compared it to the cheapest executive class fair (Executive First Lowest).  With Air Canada, there are always more expensive options that offer increased flexibility and minor perks but they aren’t very relevant to most people other than business travelers.
With numbers like these, you can see what business class seats are in such high demand on international flights and only a small number of reward seats in business class are made available on each flight.  You will need to employ every trick in the book and often book the flight as soon as it becomes available in the system to be successful.  Flights become available around 355 days (call to verify exact date) before the departure date and you will need to be the first on the phone when the call center opens in the morning to ensure you get your flight.  You may also need to book your return flight later on because if you call in to get the departing flight as soon as possible then the return flight won’t be in the system yet.  To underscore this point, in the above example flights were checked 6 months in advance, but there was absolutely no business class availability at that time.  Checking 11 months in advance, only flights with extra connections were available at the 115,00 mile rate.  Going ahead a few more weeks did show more availability with minimal connections, but that is only because the chosen route is not of the highest demand.  Flying to Australia from Toronto or Vancouver is even harder to book!
If you want to know what exactly you are fighting for, you can look at Air Canada’s Cabin Comfortpage that compares all their different seats.  While the list of perks is substantial and the seats do look very comfortable, it isn’t something I could justify paying the full price for.  Booking with miles at these rates is another story indeed!  One other thing to note about First Class on international flights is that the food is usually very good, almost as good as an upper class restaurant with a full menu and drinks of all kinds are unlimited.

How To Earn Aeroplan Miles Really Fast

Flying for free, or almost free, is a really wonderful proposition and something that is definitely possible by efficiently collecting and redeeming Aeroplan miles.  Some of the methods listed here are better than others, but they will all help you pad your balance so you can get that free flight muchsooner than you think.

Credit Cards

There’s no way around it, credit cards are the absolute best way to collect Aeroplan miles quickly and there are quite a few of them to choose from in Canada.  There may be a better credit card out there to use as your primary everyday card, but I still think most people should sign up for one or more Aeroplan cards to take advantage of the perks and bonuses.

Sign Up Bonus

The biggest reason to apply for an Aeroplan credit card is for the sign up bonuses.  The minimum sign up bonus available for an Aeroplan credit card is the 2,500 miles offered with the CIBC Aero Classic card and the maximum sign up bonus is 25,000 miles the American Express AeroplanPlus Platinum card.  Most of the available cards in between have a bonus of 15,000 miles including one of the most popular credit cards in Canada, CIBC Aerogold.  A 15,000 bonus is enough to get you flying immediately on a short haul flight and the 25,000 bonus will get you on a flight anywhere in Canada & Continental USA.  You usually get most or all of your bonus either after you make the first purchase on your card or after your first statement, so you should have it in a month or less after activating your new card!  The Redeem More section has much more info on how you can get the best value out of these bonus points.

Annual Fees

Unfortunately, large credit card bonuses usually do come at the cost of an annual fee, but that doesn’t mean you shouldn’t still apply!  One thing is for certain, 15,000 miles is worth a lot more than the $120 annual fee required to get those miles.  Using the values from Measuring Value, we can use the following table to determine the payout after the annual fee is deducted:
CardBonus MilesValue Of MilesAnnual
Fee
Actual
Return
Sign Up!
AeroplanPlus Gold25,000$700$120$580Apply
AeroplanPlus Platinum25,000$1,120$499$621Apply
Aerogold Infinite15,000$420$120$300Apply
Aerogold Business20,000$560$180$380Apply

Cancelling Your Cards

Unless you have determined that you want to keep one of these Aeroplan cards as your primary card, then you are probably going to want to cancel it before the first year is up and your annual fee renews.  You need to be careful how many cards you apply for and cancel within in a short period because this can dramatically affect your credit score, which is important if you will need to obtain credit from a bank, car financing, or even a cell phone.  Applying for and cancelling a few cards a year should only have a short term impact on your score as long as you don’t cancel your oldest cards with the longest credit history.
You also don’t normally want to cancel your card right away.  You want to at least keep it for a few months to make sure it gets reported properly to the credit agencies.  The best strategy is usually to get the sign up bonus and then use the card for all your spending until you get exactly the amount of miles you need for your reward of choice.  This is often the 25,000 mile flight to anywhere in Canada & Continental USA, so you would get the 15,000 bonus and then spend exactly the necessary amount on the card to get the additional 10,000 miles.  At this point you would switch your spending back to your primary credit card and cancel the Aeroplan credit card before the year is up.

Annual Fee Refund

If you are a smooth talker, it may also be possible to get your annual fee partially or fully refunded and still keep your bonus miles.  To do this, you sign up for the card, wait for the bonus to post to your Aeroplan account, and then immediately call in and state you want to cancel your card because you have a better or equivalent no fee card that offers the same benefits or better than this card.  This used to be the honest truth when the MBNA Starwood Preferred Guest MasterCard was available, but now honestly making that claim might be a bit harder.  You then tell them that you would be willing to keep the card if they waive the annual fee for you.  If you are lucky, they will offer to give you a bill credit for the full annual fee but they may also offer something less or nothing.  You can hold out for the full refund if you want and, if they don’t waiver, just continue cancelling the card or tell them you want to think it over and call them back later.

Churning

Getting the sign up bonus multiple times for the same credit card is known as churning and, although controversial, is a great way to earn a lot miles continuously over the years.  To date, I personally have yet to sign up for the same credit card twice even though I’m sure I could easily do so and still get the bonus a second time.  Each credit card company has different rules about this sort of behaviour and methods for checking if you will be eligible for the miles.  An estimate for a good amount of time to wait before applying again would be 2-3 years and you will be almost certain to give you the bonus again because at that point they would probably consider you to be a new customer or at least not an abuser.
Some people in the USA were actually churning the same card every month and getting the sign up bonus every time until it was stopped when Citi was bailed out in 2009.  By doing this they were able to take multiple first class trips all over the world costing them next to nothing!  It is getting continually harder to churn cards everywhere and credit card issuers are cracking down on it much harder.  Here are a few threads discussing the issue:

Business Travel

Although this applies to very few people and those whom it does apply to usually already know about it, but traveling on business for your company is one of the best ways to earn Aeroplan miles and many other types of reward miles and points.  If your company sends you packing multiple times a year, then you need to have a rewards card for every airline that they might put you on because you can collect miles on all of these flights for your own personal use and it won’t cost you a penny.  Even better, if you are allowed to use a personal credit card for your company expenses then you can rack up even more miles or points for free by using the card and then getting reimbursed later by the company.  If you are able to control how flights are booked and what hotels you stay at, make sure that you choose the ones that are the most rewarding for you as long as it doesn’t cost the company an extra fortune to do so.
One important thing to remember if you are the person earning free miles this way is that the gravy train probably won’t last forever.  You don’t have an unlimited supply of these free miles and they could stop coming in at any moment, so make sure to spend them wisely by getting the most value out of them that you can.  Don’t just buy that horribly valued TV in the rewards catalogue because you have lots of miles, figure out a way to get more value for your and then use the money you saved doing that to buy yourself the TV on sale.  The Redeem More section will help you get the most for your miles.

Flight Bonuses

In addition to the standard reward for flying with Air Canada, there is often special promotions and bonuses that are available as well that, in some cases, can turn out to be worth much more than the standard offering.  Most times these bonuses aren’t automatic and you will need to register for each promotion in order to qualify so around the time you need to book a flight and shortly before you actually fly you should scour the internet for bonuses to see if your flight qualifies.  It can definitely be worth the few minutes spent doing it.

Booking Bonus

Air Canada usually offers a bonus for simply booking a flight using AirCanada.com as opposed to using a travel agent or calling their own agents.  The reason for this is obviously to save them money on agent fees and payroll, but if the flight is a simple one booking it yourself can be quicker, easier, and more rewarding.  Previously, they used to offer a straight bonus of 500 miles for all flights booked online.  However, now the standard offer is only available for flights within Canada and the USA and is awarded as follows:
Booking BonusBooking Class
1 mile / $3 spentTango
1 mile / $2 spentTango Plus
1 mile / $1 spentLatitude,
Latitude Plus,
Executive

Frequency Bonus

Another common Air Canada promotion is to offer a bonus for passengers that fly a specific number of times or a certain number of flight segments (one flight can have multiple segments) during the promotion period.  These promotions require registration and can available to anyone or targeted at specific Aeroplan members.  As an example, at the time of this writing the following frequency bonus was being offered for flights within Canada, Continental USA, Mexico and the Caribbean:
Segments FlownBonus Reward
83,000 miles
1612,000 miles + 2 Maple Leaf Lounge Passes
3225,000 miles + 2 Maple Leaf Lounge Passes
In this case, the bonuses were cumulative so when you qualified for the next bonus level it is in addition to the bonus you already received from the previous level.  This makes the top bonus amount to 40,000 Aeroplan miles and 4 Maple Leaf Lounge passes all in addition to the regular miles you would earn for those flights.  A nice perk indeed!

Route Bonus

While Frequency bonuses are often only applicable to regular travelers, route bonuses can be applicable to vacationers or occasional travelers as well.  Route bonuses come as either a multiplier of the standard number of miles you would receive for the trip or fixed bonus for taking a flight on that route.  Before you book your next vacation flight, it can pay to check to see if the route you are flying is applicable for any bonsues.  The RewardsCanada.ca section will show you a quick and easy way to do this.

Airline Alliances & Partners

As mentioned in Earning Regular Miles, you can also earn Aeroplan miles when flying with one of the Star Alliance partners or even a non-alliance partner if they happen to have any.  Alaska Airlines in particular tends to have a lot of non-alliance partners, but Air Canada mostly sticks with its official alliance partners.  However, it is not uncommon for these partners to offer bonuses that apply to another rewards program than their own, which could happen to be Air Canada.  If you are flying somewhere on a Air Canada partner airline, be sure to check online for any bonuses that may apply and to present  your Aeroplan membership when booking with them so you will be credited in Aeroplan miles for the trip.

RewardsCanada.ca

RewardsCanada.ca is an amazing website that has been serving Canadians collecting reward points and miles since 2001.  The site essentially lists all of the travel-related earning opportunities and bonus miles available to Canadians.  Almost all global airlines that offer rewards programs are covered and the number of earning opportunities are staggering.  There are many ways to use the site including browsing by program or, in the case of airlines, you can even browse by route to see the available bonuses on all airlines for the particular route you will be flying.  Here are some useful links relating to Aeroplan:

Banking At CIBC

Another great way to earn a large chunk of Aeroplan miles is through the banking sign up bonuses at CIBC.  Most of the banks usually have great promotions that they run during the summer months to attract new customers, especially on their premier chequing accounts.  CIBC’s promotions are tied to Aeroplan miles, usually giving you 15,000 miles for opening a CIBC Unlimited Chequing Accountthat costs $12.95 a month and then meeting a few more conditions to qualify for the bonus.  These conditions typically involve setting up a few pre-authorized debits, a payroll deposit, or something similar, which can be a hassle.  But, let us not forget that 15,000 miles is worth roughly $420 in (income tax free) flights.  That is probably worth a couple of hours of hassle, depending on how high your regular hourly income is.  You also must keep the account open for a few months or until a certain date to receive the bonus, so signing up as late as possible is best so that you can cancel or downgrade the account quickly to avoid the fees.  3 months, which equates to less than $40 in fees, would be a typical amount of time you would need to keep the account open before downgrading or cancelling, but it can very from promotion to promotion.
At the time of this writing, CIBC is only offering 5,000 miles for signing up along with a monthly bonus of 100 miles for as long as you keep the account open.  This bonus isn’t really worth the trouble unless you are planning to bank long term with CIBC anyway but it is likely that the higher bonus will reappear at some point for you to take advantage of.  I took advantage of the chequing account promo a couple of years ago now and somehow they credited me twice for the bonus so I ended up with 30,000 free miles instead of 15,000.  I actually contacted them about it to see if they wanted to reclaim the miles but even with my prompting, they never did and I cancelled the account 3 months later.

Retail And Business Partners

Aeroplan has many retail and business partners, and some of them even offer decent earning opportunities and bonuses.  Unfortunately, unlike the Air Miles program, collecting enough miles solely using their retail partners would probably take you close to a lifetime!  In some cases it may be worth your time to do so, if for nothing else than to keep your account active, but you will want to take it on a case by case basis and see what other opportunities are out there.  Changing your shopping habits to visit an Aeroplan retail partner is definitely not recommended.  You can visit the Aeroplan Partners Page to browse the available partners by category and region to see if anything good sticks out for you.

Car Rental & Hotels

When staying at a hotel or renting a car, you will also want to check RewardsCanada.ca for bonus miles because most car rental companies and hotel chains are affiliated with at least one airline and often several of them.  Instead of collecting hotel reward points, you can collect Aeroplan or other airline reward points instead and take advantage of the airline-related bonuses they often have as well.  One time, I actually managed to collect 5,000 bonus miles when renting a car on the insurance company’s dime while my car was being repaired after it was rear ended.
At first it seems strange that these companies would accept rewards cards for airlines when they already have their own rewards program.  But because the hotels and car rental agencies aren’t in competition with the airlines, it is a great way for them to obtain more customers easily.  In cases where multiple rewards program earning opportunities are possible, it is important to pay attention to which one offers the greatest return for your money spent.  If the hotel or car rental rewards program offers a much great return, it may make sense to start collecting those points instead if you can turn them into a good reward.

Retail

Aeroplan has a few notable retail partners but good earning opportunities are few and far between.  Here are a few of the most notable:
PartnerReward
Esso1 mile / $3 spent
Home Hardware1 mile / $2 spent
FTD.com10 miles / $1 spent
Quaker & Tropicana10 or 25 miles on eligible products
Nestle50 miles on eligible products
Primus3 miles / $1 spent + bonuses

Aeroplan eStore

Similar to AirMilesShops.ca, Aeroplan launched the Aeroplan eStore in 2008 to better compete with other rewards programs and to earn more money for themselves.  The concept is that you first visit Aeroplan.com/eStore before doing your online shopping, click on the online merchant you wish to shop at from the eStore’s list of stores, get transferred to online merchant to complete your purchase and earn a number of miles based on the amount of your purchase.  It’s a pretty simple and easy way to earn a few extra miles, but I believe the opportunity cost of using this program is not that great.  Reason being there are cash back sites out there that offer the very same service on a wider range of stores and give a better rate of return in cash (paid by Paypal or cheque) instead of miles.
The truth of the matter is that many online merchants, especially the lesser known ones, offer a small commission to other sites that link users to them who actually make purchases.  The eStore and AirMilesShops.ca work under this same principle and it is almost certain that they are earning more money from the transaction than they are giving out in miles.  If nothing else, the eStore is a good way to make sure your account remains active if you don’t have an Esso nearby.

Promotions

One of the only times you would want to use these online stores over a straight cash back alternative is when they are running a promotion of some kind.  Here are some of the promotions you can expect to see from time to time:
  • Sign up bonus of a few hundred miles for creating a brand new eStore account.
    • Waiting for this promotion before creating an account is a good idea.
  • Mile multiplier bonus for shopping at particular stores.
  • Fixed bonus for shopping at one or more stores during a promotional period.

Transfer Promotions

From time to time certain rewards programs like to offer a bonus when transferring points or miles out of one program and into another one.  The most famous of these promotions is the ongoing Starwood Preferred Guest promotion of transferring 20,000 starpoints to almost any airline, including Aeroplan, and receive a bonus of 5,000 miles for a total of 25,000 miles transferred into your account.  This is one of the reasons why the free MBNA Starwood Preferred Guest MasterCard was so popular and why the $120 annual fee Starwood Preferred Guest Amex is worth considering.
In early 2010, Aeroplan offered a complementary promotion that credited 1,500 bonus miles to your account when you transferred points from any Hotel Rewards Program into 10,000 Aeroplan miles or more.  If you were to stack this with the above promotion you could get a bonus of 6,500 miles for transferring in 20,000 starpoints to miles.  1,500 bonus miles isn’t that much, but getting a bonus for transferring around points and miles you already have is a good thing.  Just keep the following things in mind when transferring points and miles around:
  • Transfers in both directions are not always possible.
  • Transfers aren’t always free, but where these promotions are concerned they usually are.
  • Each rewards program has different rules for how, where, and to whom points can be transferred.
  • Never use a points transfer service like Point.com to do transfers because they steal almost everything in the process.

Mileage Runs

Mileage Runs are something reserved for the elite and slightly crazy mile collectors and can usually be applied to any airline, including Air Canada.  The basic premise is that you find the cheapest flight, flying the longest distance, involving the most segments possibly allowed by a given airline.  You do this because the longer the flight, the more regular miles and status miles you will earn.  You would be right to wonder how this is possible because longer flights are more expensive, right?  Actually, not always so!  Flights are priced based primarily on demand, convenience, and time so it is perfectly possible that a long roundabout flight could actually be cheaper than a quicker flight to the same destination.  In the purest form, a mileage run is done for no other purpose than earning miles.  The person isn’t traveling for business, going to visit anyone, or going on vacation … they are spending days or even months of their time on a plane simply to earn miles and status.  My knowledge and experience with this subject is very limited and based solely on reading, so I will only mention it here and potentially write a more in-depth blog post at a later date.

Flight Passes

Air Canada, while typically one of the more expensive airlines, has one positive thing going for it in terms of mileage runs and that is their flight passes.  When flight passes were first launched they were very flexible and cheap so you could literally fly almost non-stop for 2 straight months for much less than $10,000 and earn miles for every flight you were on.  It is still possible to purchase flight passes and earn miles for the flights but they have become more restrictive and costly overall.  If you ever consider doing a mileage run from Canada, it is something you should at least look into.

Business Travel

If you are a business traveler, then you can benefit from a modified version of the mileage run.  When booking your business flights, you should shop around for different connections that involve longer flights so you can earn more miles for every trip.  By using this method you can easily earn three for four times the amount of miles you normally would and obtain higher status much quicker than you otherwise would.  This blog post goes into more detail about how exactly you can accomplish this.

Aeromove Real Estate Services

One final way of earning a lot of Aeroplan miles is by using the Aeromove service to find a real estate agent.  There are definitely cheaper ways out there of buying and selling real estate than using an agent, but if you are like most Canadians you don’t want to put in the time and effort to go through the process of buying or selling a house without one.  If you’re going to use an agent anyway, then signing up for Aeromove might be a good idea.
The program essentially works by matching you with a real estate agent in your area that has also signed up for the program, most likely at a significant cost to them, to obtain more clients.  They will contact you and from that point you proceed like you normally would when dealing with a real estate agent.  And your reward?  For selling a house you will earn 1,500 miles for every $10,000 in house value so for a $200,000 house you would earn 30,000 miles.  That’s not too bad, but considering real estate agents earn between 3% ($6,000) and 6% ($12,000) commission on each sale you can see why they can afford it.
Aeromove can also hook you up with other real estate services like home inspectionlegal services,moving servicesjunk removal, and even staging.  The amount of miles offered for each of these services varies and are small when compared to the real estate agent option