Aeroplan Credit Cardholders: Save 15% on Air Canada Flight Rewards

Aeroplan is giving its Canadian credit cardholders 15% off Air Canada flight rewards. The discount applies to bookings made between September 10, 2026 and January 11, 2027, for travel any time up to December 31, 2027.

Every primary cardholder of a Canadian Aeroplan credit card qualifies, from the no-fee CIBC Aeroplan Visa Card up to the Visa Infinite Privilege and Reserve cards, and there’s no promo code or registration. You just need to be logged in when you search.

I happen to have access to two Aeroplan accounts, one with a card linked and one without, so I ran the same searches on both to see exactly how the discount behaves. The short answer is that it works as advertised on Air Canada flights, with one surprise along the way.

How the Offer Works

The terms from Aeroplan’s cardholder email:

• Discount: 15% off the Aeroplan points required for the base fare of an Air Canada flight reward
• Eligible cards: any Canadian Aeroplan credit card from TD, CIBC, or American Express, including entry-level and business cards, for the primary cardholder only
• Booking window: September 10, 2026 at 12:01am ET to January 11, 2027 at 11:59pm ET
• Travel window: September 10, 2026 to December 31, 2027
• Eligible flights: each direction must be flown entirely by Air Canada, Air Canada Rouge, or Air Canada Express
• Where to book: aircanada.com, the Air Canada app, or the call centre, logged in to your Aeroplan account
• Not included: taxes, fees, and third-party add-ons like travel insurance and carbon offsets, and the offer can’t be combined with other offers

The direction rule is the one to understand. Aeroplan treats your outbound and your return as two separate journeys and applies the discount to each one on its own. A direction qualifies when every flight in it is operated by Air Canada, Air Canada Rouge, or Air Canada Express. If any flight in that direction is on a partner airline, the whole direction prices at the regular rate, including the Air Canada legs.

A few examples make it clearer. Toronto (YYZ) to Frankfurt (FRA) non-stop on Air Canada gets the discount. Ottawa (YOW) to London (LHR) with an Air Canada Express connection through Montréal (YUL) gets it too, since Express counts as Air Canada. Toronto to Vienna (VIE) with Air Canada to Frankfurt and Austrian Airlines onward doesn’t, at least on paper, because the Austrian leg breaks the chain.

Round trips work the same way, one direction at a time. Fly out on Air Canada and home on Lufthansa, and you’ll see the discount on the outbound only. If your itinerary mixes carriers, the fix is to keep every Air Canada flight together on one direction and put the partner flights on the other.

The 15% comes off the base fare in points only. Taxes and fees are charged as usual, and you’ll need enough points in your account, or your Family Sharing pool, to cover the discounted total.

Worth noting that the discount is measured against what a member without a card would pay. It isn’t layered on top of the preferred pricing cardholders already had, which my searches below confirm.

How the Discount Shows Up in Practice

I searched the same flights on the same dates from both accounts. The cardholder account flags eligible flights with an “Exclusive savings for Aeroplan Cardholders” banner, and each price carries a “15% savings applied” tag.

Every Air Canada flight I checked came in 15% lower on the cardholder account, in every cabin. A sample of what I saw, in points, one-way per person:

A few things I took away from this.

The 15% is the entire cardholder discount right now. The gap between the two accounts is 15% and not a point more, so preferred pricing isn’t stacking on top during the offer window.

Air Canada Express counts. Ottawa to London connecting through Montréal on PAL Airlines or through Toronto on Jazz got the full discount, which matters for anyone flying out of a smaller airport.

Partner flights are untouched. Avianca’s non-stop from Toronto to Bogotá priced at 30,000 points in economy and 50,000 in business class on both accounts, right next to the Air Canada flight that was discounted.

One result didn’t match the terms. On Toronto to Vienna, every routing I checked had Air Canada on the first leg and Austrian Airlines on the second, so that direction shouldn’t be discounted at all. The cardholder account still showed prices about 15% below the other account, in economy, premium economy, and business class. The savings tag was missing, but the numbers were lower all the same.

My guess is that the system is applying the discount to any direction with an Air Canada flight on it, which is more generous than the terms describe. That could be corrected at any point, or it might not carry through to ticketing, so I’d treat it as a quirk rather than a benefit to plan around. If you want the discount for certain, keep the whole direction on Air Canada.

What the Discount Is Worth

Air Canada flights are dynamically priced, so the saving depends on what the flight would have cost you anyway. On my searches, that ranged from 2,100 points on a Toronto to Montréal hop to 57,400 points on a Toronto to Frankfurt business class seat.

At our valuation of 2.0 cents per Aeroplan point, the 5,200 points saved on Toronto to Frankfurt in economy is worth about $104 (CAD) each way, and the 57,400 points saved on that same flight in business class is worth roughly $1,150 (CAD). Business class is where this offer does the most work, simply because the base prices are highest.

One caution. A 15% discount on a dynamically priced Air Canada seat can still cost more than a partner award at the fixed chart price on the same route, so compare the two before assuming the cardholder price wins.