Air Canada's Aeroplan programme has launched a promotion on bought points, running from 11 to 25 September 2026, with a top bonus of 100% — one of the stronger deals the programme typically offers. The maths: points normally cost CAD 0.0375 (about 2.7 US cents) each. Buy at least 80,000 points in a single transaction with the full bonus and the effective price drops to roughly 1.35 US cents per point. A maximum purchase of 500,000 points (the per-transaction cap has been doubled for this promo) gets you a million points for about CAD 18,750, or around USD 13,524.
The bonus is tiered: 50% for purchases of 5,000–25,000 points, 75% for 30,000–70,000, and the full 100% at 80,000 or more. Offers can vary by account, so log in to see what you've been targeted with. Buyers with US cards and billing addresses avoid sales tax, and points don't expire as long as there's activity every 18 months — a purchase itself resets the clock.
Why bother? Aeroplan is one of the more versatile loyalty currencies out there. You can redeem on more than 45 airlines — more partners than any other programme — spanning Star Alliance carriers plus Etihad, Emirates, Azul, Air Serbia, Virgin Australia, Gulf Air, Oman Air and others. Award pricing blends zones and distance, there are no fuel surcharges on redemptions, and you can add a stopover to a one-way award for just 5,000 extra points. Flights in long-haul business class are where the value usually shines.
A few caveats worth knowing. Purchases run through points.com, so they don't code as airfare on credit cards — use a card that earns well on everyday spending or helps hit a minimum spend, ideally one with no foreign transaction fees since you'll be billed in Canadian dollars. Also note that dynamic pricing has crept into some partners, including Emirates, Etihad, FlyDubai and United, so a 'saver' style rate isn't guaranteed everywhere.
The golden rule before buying: check award availability first. Points are only as good as the seats you can actually book, and it's generally smarter to buy with a specific redemption in mind rather than stockpiling speculatively. It's also worth comparing against transfers — Amex Membership Rewards, Chase Ultimate Rewards, Capital One and Bilt all transfer to Aeroplan, which is often the cheaper route if you already hold those points.
For travellers eyeing a premium cabin trip in the next year or so, buying points at 1.35 cents each can pencil out nicely against cash fares — especially on routes where business class costs thousands. If you're just hoarding points with no flight in mind, the risk of devaluations and dynamic pricing makes it harder to justify.