20% Transfer Bonus from Chase Ultimate Rewards to Aeroplan (Ending Soon)

In December 2023, Chase Ultimate Rewards launched its latest transfer bonus promotion, offering a 20% bonus for converting points to Aeroplan on top of the usual 1:1 ratio.

Among all transferable rewards in the US, Chase typically offers the lowest frequency of transfer bonuses to any transfer partner. Therefore, this third-ever Aeroplan transfer bonus is quite exciting, and illustrates the depth of the relationship between Aeroplan and Chase.

As a reminder, this offer ends January 15, 2024, and can be an excellent opportunity to rack up Aeroplan points – especially if you also happen to hold the Chase Aeroplan Card.

20% Transfer Bonus from Chase UR to Aeroplan

Between December 4, 2023, and January 15, 2024, all Chase Ultimate Rewards transferred to Aeroplan will include a 20% transfer bonus.

This brings the transfer ratio from the usual 1:1 to an effective ratio of 1:1.2. 

As a reminder, Chase Ultimate Rewards points are a US-issued points currency, and you’ll need to be fairly far along in the US credit card game in order to earn these points as a Canadian. 

You’ll need to transfer at least 1,000 Chase UR points to qualify for the bonus; however, there’s no cap as to how many points you can transfer over.

The listed transfer time is up to seven days, but you can expect your points to arrive much faster than that, as it’s typically instant.

Chase Aeroplan Card: An Extra Bonus of 10% Aeroplan Points

If you also hold the Chase Aeroplan Card, you have the potential to earn an additional 10% bonus alongside the current 20% transfer bonus.

Chase and Aeroplan offer a 10% bonus when converting Ultimate Rewards points into Aeroplan points, as long as you hold a Chase Aeroplan Card.

This began as a temporary promotion that was set to expire on December 31, 2023; however, Aeroplan recently confirmed that it’s now a permanent feature, which means that cardholders can enjoy the 10% transfer bonus in perpetuity.

The 10% transfer bonus will be posted separately from the base amount, and can take up to 72 hours to post on your Aeroplan account.

Note that this extra 10% bonus will apply to the base transfer points, and not on top of the promotional 20% transfer bonus. In other words, the two transfer bonuses will combine additively, not multiplicatively.

For example, when transferring 50,000 Ultimate Rewards points to Aeroplan as a holder of the Chase Aeroplan Card, you’ll earn a total of 65,000 Aeroplan points:

• 50,000 Aeroplan points at the normal 1:1 transfer ratio
• 10,000 Aeroplan points as a result of the 20% transfer bonus
• 5,000 Aeroplan points as a result of the 10% transfer bonus

There are a two extra conditions for earning the 10% bonus:

• You must transfer a minimum of 50,000 Chase Ultimate Rewards points
• There’s a maximum of 25,000 bonus points per calendar year, which is equivalent to transferring 250,000 Chase Ultimate Rewards points

Therefore, if you transfer Ultimate Rewards points to Aeroplan between the amounts of 50,000 and 250,000, you’ll earn an effective 30% bonus or unlock an effective transfer ratio of 1:1.3. 

Should You Transfer Chase Ultimate Rewards to Aeroplan?

An effective transfer ratio of 1:1.2, or potentially 1:1.3 if you also hold a Chase Aeroplan Card, is very attractive on the surface. 

Still, whether or not you should take advantage of this transfer bonus really depends on your personal earning and redeeming habits.

For most Canadians, the answer may be no. After all, Aeroplan points are easy to come by in Canada with our plethora of Amex MR cards and Aeroplan co-branded credit cards.

Therefore, Canadians earning Chase Ultimate Rewards points almost always do so with the goal of transferring to Chase’s more exclusive partners in World of Hyatt and occasionally United MileagePlus.

For Americans, however, who might earn Chase Ultimate Rewards points as one of their primary currencies and are sitting on a large haul, there’s no reason to pass up this 20% (or 30%) transfer bonus opportunity to Aeroplan.

After all, Aeroplan can be reasonably considered one of Chase’s most valuable transfer partners, and this 20% bonus would only amplify that value – especially if you’re already invested in the program via the Chase Aeroplan Card and can benefit from a further 10% bonus as a result. 

Conclusion

Until January 15, 2024, Chase Ultimate Rewards will be subject to a 20% bonus when converted to Aeroplan, for an effective transfer ratio of 1:1.2.

If you also hold the Chase Aeroplan Card, you’ll earn an additional 10% transfer bonus as long as a minimum of 50,000 Ultimate Rewards points are transferred, resulting in an effective ratio of 1:1.3.

This can be a very attractive promotion if you’re sitting on a large stash of Ultimate Rewards points and are in need of more Aeroplan points, so be sure to take advantage if the transfer bonus suits your needs.