Chase Aeroplan World Elite Mastercard Review: Automatic Elite Status and Valuable Air Canada Flight Reward Certificates
Review
Updated
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This offer is unavailable on Motley Fool Money. The information related to Aeroplan® Credit Card has been collected by Motley Fool Money and has not been reviewed or provided by the issuer.
This Chase card has a nice sign-up bonus and it also offers other travel perks and excellent earning potential in a variety of spending categories, though it comes with an annual fee. Higher spenders can also earn bonus points on spending each month. Read our full Aeroplan® Credit Card review to find out if this card is a good option for you.
Good/Excellent (670-850)
Intro APR N/A
Purchases: N/A
Balance Transfers: N/A
Regular APR
20.49% - 28.99% Variable
Rewards 3x points for each dollar spent on grocery stores, dining at restaurants including takeout and eligible delivery services, and Air Canada directly. 1x points for each dollar spent on all other purchases.
N/A
Annual Fee
95
Welcome Offer Earn 60,000 bonus points after you spend $3,000 on purchases in the first 3 months your account is open. Plus, earn an additional 10,000 bonus points after your annual fee renewal payment posts and is paid in full
Earn up to 70,000 points
We recommend comparing options to ensure the card you're selecting is the best fit for you. To make your search easier, here's a short list of standout credit cards.
| Offer | Our Rating | Welcome Offer | Rewards Program | APR | Learn More |
|---|---|---|---|---|---|
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Rating image, 4.50 out of 5 stars.
4.50/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
Discover will match all the cash back you’ve earned at the end of your first year. | 1% - 5% Cashback Earn 5% cash back on everyday purchases at different places you shop each quarter like grocery stores, restaurants, gas stations, and more, up to the quarterly maximum when you activate. Plus, earn unlimited 1% cash back on all other purchases. |
Intro: Purchases: 0%, 15 months Balance Transfers: 0%, 15 months Regular: 18.24% - 27.24% Variable APR |
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|
Rating image, 5.00 out of 5 stars.
5.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
$200 cash rewards Earn a $200 cash rewards bonus after spending $500 in purchases in the first 3 months. | 2% cash rewards Earn unlimited 2% cash rewards on purchases. |
Intro: 0% intro APR for 12 months from account opening on purchases and qualifying balance transfers Purchases: 0% intro APR, 12 months from account opening Balance Transfers: 0% intro APR, 12 months from account opening on qualifying balance transfers Regular: 19.24%, 24.24%, or 29.24% Variable APR |
|
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
Rating image, 4.00 out of 5 stars.
4.00/5
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs.
= Best
= Excellent
= Good
= Fair = Poor |
25,000 points 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 | 1.5-3 points per dollar 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 as long as your account remains open. Earn 3 points per $1 spent on travel purchases booked through the Bank of America Travel Center. |
Intro: 0% Intro APR for 15 billing cycles for purchases. 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days. After the intro APR offer ends, 18.24% - 28.24% Variable APR on purchases and balance transfers will apply. A 3% fee for 60 days from account opening, then 4% fee applies to all balance transfers. Balance transfers may not be used to pay any account provided by Bank of America. Purchases: 0% Intro APR for 15 billing cycles for purchases Balance Transfers: 0% Intro APR for 15 billing cycles for any balance transfers made in the first 60 days Regular: 18.24% - 28.24% (Variable) |
Apply Now for Bank of America® Travel Rewards credit card
On Bank of America's Secure Website. |
This credit card is a good fit for: Travelers who value achieving Aeroplan 25K Elite Status with Air Canada and who can put the two flight reward certificates to good use.
These are the top highlights of the Aeroplan® Credit Card.
The Aeroplan® Credit Card has a unique welcome offer: Earn 60,000 bonus points after you spend $3,000 on purchases in the first 3 months your account is open. Plus, earn an additional 10,000 bonus points after your annual fee renewal payment posts and is paid in full.
Read more: Best Sign-Up Bonus Credit Cards
You'll automatically achieve Aeroplan 25K Elite Status as a new cardholder. This perk is valid for the calendar year you open your account and for the following calendar year.
If you fly with Air Canada, the benefits offered with this status level can make your travel more enjoyable. Some of the most notable benefits include:
This card lets you earn rewards for your spending in multiple spending categories, which can help you maximize your earning potential.
With the Aeroplan® Credit Card, you can earn:
The Aeroplan® Credit Card also offers a spending bonus. You can earn 500 bonus points for every $2,000 you spend in a calendar month, capped at 1,500 bonus points each month.
This credit card also includes checked bag perks. As the primary cardholder, you and up to eight companions traveling on the same itinerary can bring one free first checked bag on Air Canada flights. While the Elite Status you'll earn as a new cardmember entitles you to two free checked bags, this is a nice benefit if you frequently travel with others.
Many travel credit cards now include statement credits for specific expedited travel programs. The Aeroplan® Credit Card is no exception.
With this card, you'll get up to $120 in statement credit as reimbursement for the application fee for Global Entry, TSA PreCheck, or NEXUS. This benefit is available once every four years. You must use your Aeroplan® Credit Card to pay the application fee to use this perk.
This travel card includes these helpful travel protection benefits:
Most travel credit cards at this price point include similar perks, and you may find these benefits helpful if you encounter difficulties on your trips.
No foreign transaction fees are charged when using this credit card to make international purchases. Cards that have this fee charge around 3% for every foreign transaction. If you plan to use this card abroad, this perk can offer money savings.
The Aeroplan® Credit Card has some minor concerns worth noting.
It's worth noting that this rewards card has an annual fee of $95. When considering the card's many benefits, this is a reasonable yearly fee, and the price is in line with other travel credit cards we've seen. But it's still an additional expense to think about.
Learn more: Best No Annual Fee Credit Cards
You can get 500 bonus points on every $2,000 you spend each month with this card, but there's an earning cap. You can only earn up to 1,500 bonus points per calendar month. If you typically put more than $6,000 per month on your cards, a different card with no earning cap may make sense.
The Aeroplan® Credit Card has limitations on how you can redeem your points. At this time, you can redeem your points for Air Canada flights or flights with one of Air Canada's many partner airlines.
Chase has announced that soon you'll be able to redeem your points for other travel purchases through Chase's Pay Yourself Back program at a rate of $0.0125 per point. But this redemption option isn't available yet for this credit card.
This credit card is intended for consumers with good to excellent credit. Applicants for the Aeroplan® Credit Card should aim for a FICO® Score of 670 or higher. Other factors are also considered, such as income and current debt. It's possible to get approved with a lower credit score -- or be denied with a higher score.
Learn more: Best Credit Cards
This card could be a great fit for you if you like the idea of earning Elite Status with Air Canada and think you will put the two flight reward certificates to use.
You may also want to apply for this card if these things are true for you:
But if you don't see yourself flying with Air Canada, want a more flexible welcome offer, or don't want an airline-branded card, then another travel rewards card may be a better option for you.
At Motley Fool Money, we rate credit cards on a five-star scale (1 = poor, 5 = best). Our rating criteria includes rewards rates, welcome bonuses, fees, and perks like travel credits and 0% intro APR offers to evaluate our ratings.
We combine these factors with an evaluation of brand reputation and customer satisfaction to ensure you're getting the best card recommendations. Learn more about how Motley Fool Money rates credit cards.
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