Aeroplan is launching the ability for loyalty customers the ability to purchase miles starting on May 7th. Users will be able to purchase up to 250,000 miles per transaction and 500,000 miles annually. Standard pricing will be 3¢ CAD per mile. To celebrate the launch Aeroplan will be offering the following discounted pricing starting 10AM ET on May 7th and ending May 13th:
- First 10 million Aeroplan miles sold will receive a 115% bonus (1¢ USD per mile)
- Next 100 million Aeroplan miles sold will receive a 90% bonus (1.1¢ USD per mile)
- All miles sold thereafter will receive a 65% bonus (1.3¢ USD per mile)
Purchases made with U.S. based credit cards and a U.S. based billing address are not subject to sales tax. Apparently Aeroplan has had this in the works for some time and it’s not part of raising additional funds due to COVID-19. It’s not clear if this will be sold by Points.com or directly through Aeroplan, if it’s through Points.com there might be a portal play here as well to reduce costs even further. Personally I don’t think purchasing miles at the moment makes sense at all even at 1¢ per point.
Hat tip to OMaaT
