For the uninitiated, Aeroplan is Air Canadaโs frequent flyer program, and miles can be redeemed for flights on Star Alliance carriers, as well as Cathay Pacific, Cathay Dragon, GOL, and Olympic Air.
If you read the US miles blogs or browse Flyertalk, you may have picked up that thereโs quite a bit of excitement surrounding Aeroplanโs first-ever miles sale, where miles will be sold from as little as 1.4 cents each.
But is it worth a bite for someone in Singapore?
The sale
From 10 p.m on 7 May to 11:59 a.m on 14 May (Singapore time), Aeroplan members will receive up to a 115% bonus on miles purchases.
The regular sales price for Aeroplan miles is 3 cents each, so hereโs what that means for the cost per mile:
Bonus | Cost Per Mile* | |
First 10 million miles | 115% | 1.40 cents |
Next 100 million miles | 90% | 1.58 cents |
Subsequent sales | 65% | 1.82 cents |
*Prices are denoted in CAD, which is almost 1:1 with SGD right now. Iโm unclear as to whether sales tax is applicable. US-issued credit cards will not be charged sales tax, so Iโm assuming the same applies to any non-Canadian card. |
Aeroplan imposes the following caps on the number of miles that members can purchase (all amounts are pre-bonus):
- In a single transaction: 250,000
- In a year: 500,000
Therefore, the maximum miles you could buy under this sale would be 1,075,000 (2 * 250,000 * 2.15), for a cost of C$15,050. That assumes however that both your transactions happen to fall in the 115% bonus tranche, which as weโll see is far from certain.
Whatโs the catch?
The 115% bonus is limited to the first 10 million miles sold (Iโm assuming this refers to base miles). That may sound like a lot, but it really isnโt. Itโs safe to assume thereโll be at least 40 people spamming 250,000 miles transactions in the first few seconds.
Weโve seen this happen before with other awesome deals like buying Hyatt points during Daily Getawaysโ more technically inclined users write scripts to automate their purchases, making it nigh on impossible for anyone else to snag any.
After that, thereโs a further 400 slots of 250,000 miles in the 90% bonus tranche, but subsequently everyone else is looking at a 65% bonus. Itโs unclear to me whether youโll know the bonus you receive before you hit the purchase button.
That means you should realistically expect to buy miles for 1.58 cents each at best, and then the question becomes whether thatโs a good deal.
What can I redeem with Aeroplan miles?
The Aeroplan redemption chart and region definitions can be found here.
For ease of reference, Iโve included a sample of round-trip prices (Singapore is part of the Asia 2 Zone).
Round-trip | Business | First |
Asia 2 to Asia 2 | 80K | 110K |
Asia 2 to India | 100K | 130K |
Asia 2 to Australia & NZ | 135K | 190K |
Asia 2 to Europe 1/2 | 150K | 220K |
Asia 2 to Canada & Continental USA | 155K | 215K |
Asia 2 to Southern South America | 190K | 260K |
On the surface, 150,000/155,000 miles for round-trip Business Class to Europe/USA & Canada doesnโt sound too bad. Itโd cost 184,000/190-198,000 miles for the same route on KrisFlyer.
But, and this is a big but, Aeroplan may pass on fuel surcharges. I say โmayโ, because the policy varies from airline to airline.
Take this example below from Singapore to Frankfurt via Zurich on SWISS. SWISS is notorious for high fuel surcharges, but the total taxes only come up to C$235.87.
Or this route from Singapore to New York JFK via Istanbul on Turkish Airlines, another carrier known for egregious fuel surcharges. The total taxes amount to just C$88.44! Buying the 155,000 miles at 1.58 cents would mean paying ~S$2,560 for this ticket, a very decent price.
On the other hand, this flight from Singapore to Sydney via Bangkok on THAI does have C$321 of fuel surcharges included.
Long story short, youโll definitely want to research your intended route and carriers before deciding whether to buy miles. Mercifully, Aeroplanโs search engine is fast and reliable, with an easy-to-use award calendar and the ability to include or exclude mixed cabin results.

Based on a handful of searches, hereโs a sample of airlines for which Aeroplan does and does not pass on fuel surcharges.
No YQ | YQ |
|
|
*Aeroplan doesnโt generally have have access to long-haul Singapore Airlines premium cabin space, but this changes from time to time |
What else should I know?
Hereโs three other important questions to consider, even if youโre convinced by the award chart value.
Will the program adopt dynamic redemptions?
Aeroplan will be making some major changes to its program by Q4 2020, the details of which have not yet been unveiled. Itโs a good bet that theyโll progressively move towards dynamic redemptions on the partner side, however, as we saw with United Airlines.
Is a devaluation on the cards?
The other question is whether these massive miles sales herald an upcoming devaluation. This isnโt so much an issue if you buy and redeem them straight away, and in the current climate, I would more than ever not buy points speculatively.
Will Air Canada survive?
Even if you redeem your miles straight away, thereโs still the looming question of whether the airline is in danger of going under. Air Canada, like all airlines during Covid-19, is losing money by the bucketloads.
The Canadian government has not yet announced any bailout for the airline industry, but given the importance of Air Canada itโs hard to see them allowing it to go under. Should that happen, however, your unused award tickets may not be honored.
Do your own diligence and decide if youโre comfortable. I personally wonโt be jumping on this sale, although I can certainly see opportunities for other people.
What card should I use?
Assuming youโve decided to purchase Aeroplan miles, you should know that these transactions will be processed by Points.com in CAD.
Hereโs the best cards to maximize the miles earned on your purchase:
Earn Rate | Remarks | |
![]() Apply here |
4 mpd | Cap of S$1K per s. month |
![]() Apply here |
4 mpd | Min FCY spend of S$1K per s. month, cap at S$2K per s. month |
![]() Apply here |
3 mpd | Until 30 Jun 20. Min spend S$2K per c. month |
![]() |
3 mpd | Min spend S$2K per s. month |
![]() |
3 mpd | |
S. Month= Statement Month | C. Month= Calendar Month |
Conclusion
Aeroplanโs upcoming sale could potentially be a great opportunity to buy miles, but youโll need to factor in the odds of you actually getting the maximum bonus, the prospect of a devaluation, and whether Air Canada will still be around by the time youโre able to travel.
tl;dr: If this makes you nervous, hold on to your money. But if you like to roll the dice, there are certainly some prizes on offer here.
(Cover photo: TPG)
Can you register with Singapore address? I tried many times, always failed.
i gave a random US address. doesnโt really matterโฆ
Thanks.
It matters when I am going to hold hundreds of thousands of miles.
The insolvency risk is much too highโฆ
You were right. It was impossible to log on for like 30 minutes and by then the 115% bonus was already goneโฆ.
didnโt take a rocket scientist to see that! the good news is it seems Aeroplan is making good on the 90% bonus: https://loyaltylobby.com/2020/05/07/air-canada-aeroplan-buy-miles-disaster-update/
I was searching for SIN-HND today but the lowest was 45k for business class. Have they changed their award chart?