Aeroplan Miles vs. American Express Points

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Earlier this year, Air Canada announced the end of its relationship with Aeroplan, its current loyalty program. This all seems quite complex if you are not an expert, but here is why this completely changes the Travel Hacking landscape in Canada.

Aeroplan has long been the logical choice (if only for lack of other options) for Canadian Travel Hackers. But since Aeroplan miles cannot be transferred to the new Air Canada loyalty program in 2020, it is strongly recommended that you use them all up before that date.

The good news is they gave plenty of advance notice. That being said, your Travel Hacking strategy should definitely change immediately, especially if you are new to this hobby. If you are, please read our introductory article Travel Hacking 101 before reading on.

The best way to be ready for this seismic change in the Canadian loyalty landscape, and to protect the valuation of your hard-earned miles, is to switch as much of your spend to American Express credit cards.

Why? You’ll collect American Express Membership Rewards Points, and they are infinitely better than Aeroplan miles.

Why American Express Points Are Better Than Aeroplan Miles

It all comes down to one thing: flexibility. American Express Membership Rewards Points can be transferred to Aeroplan 1-to-1. So Aeroplan miles literally have nothing more to offer than AMEX Points.


But the thing is, AMEX Points can also be transferred to other airline and hotel programs (British Airways Avios, Delta SkyMiles, Cathay Pacific AsiaMiles, Starwood/SPG Starpoints, etc.) so that flexibility is amazing. You get the best of both worlds, which you simply can’t have with Aeroplan.

If you need the points to use as Aeroplan miles before 2020? No problem, they transfer within the hour and you get exactly the same thing as if you had stuck with Aeroplan as your main Travel Hacking currency.

But that way, you won’t get stuck with a de-valued balance in 2020 once Aeroplan loses the Air Canada contract.

Also, and this is pure speculation at this point… but it isn’t unreasonable to think that the new 2020 Air Canada loyalty program could become an American Express transfer partner, which would allow you to get points usable with Air Canada.

It isn’t a sure thing. But what is sure is that using Aeroplan for Air Canada flights after 2020 will be just a horrible value proposition, in terms of return, compared to right now.

So if you keep using a Aeroplan Credit Card, you might be stuck with miles that lose half their value overnight. Avoid that by doing what I did.

What Should I Do?

Switch your main credit cards to American Express Cards and start earning that flexible points currency right away by using the AMEX cards wherever they are accepted.

Plus, you’ll get incredibly valuable sign-up bonuses for free travel if you select one of these two cards, the best on the market in our own humble opinion (that’s why we have them ourselves).

1. American Express Gold

This is the card 95% of you should get. It’s the best everyday card in Canada, bar none. It’s free the first year, it gives you 25,000 points (a free roundtrip anywhere in North America) and also you get flight delay insurance (more on that in an article soon).

CLICK HERE TO GO TO OUR CREDIT CARD TOOL
(Select Personal Cards, Travel Rewards, and then scroll until you see American Express Gold)

2. American Express Platinum

This is for those of you who travel a lot. I got this one in January and can’t believe I waited that long. You get free unlimited access in over 1,000 VIP airport lounges all around the world for free with this card.

That means no more hectic gates. No more paying for food or drinks at the airport (it’s all free in the lounges). You also get free Elite Status at Hilton, Marriott and Starwood hotels (think room upgrades, free breakfast and more).

It has an annual fee, though. And it’s steep. But if you can afford to pay it up when you get your card, you will then make a profit of $300 on this card!

CLICK HERE TO READ MORE ABOUT THE AMEX PLATINUM

 


Bottom Line

Earning American Express Points is much better than earning Aeroplan Miles, because you have the flexibility of transferring them to Aeroplan or using them for other programs. Most importantly, you won’t lose value in 2020 or be forced to rush into spending your Miles before the Air Canada switch.

We’re just getting started with our Travel Hacking section, so come back for more soon. We will be covering many more topics.

Travel Hacking Articles Coming Soon:

Overview of main rewards programs in Canada

Best Credit Cards in Canada

How To Maximize Points Value

What Are Points Worth?

Best Points and Miles Uses

Overview of Hotel Hacking

Have any questions? Ask in the comments below!

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2 thoughts on “Aeroplan Miles vs. American Express Points”

  1. RB says:

    Solid read. Question regarding the AMEX Cobalt card. I believe it was released after this article and offers quite a good point structure. The one downside to the card is that the points are not transferable to other programs. But with Aeroplan sunsetting in 2020, I don’t know why you would have the need to transfer any way.

    Any thoughts on the Cobalt as an AMEX card of choice?

    1. Andrew D'Amours says:

      Good point, it was written before the Cobalt. Yeah, the Cobalt is great, I got it right away just because the earnings for food and groceries is so good! But, it’s true that it is a bit less flexible, as you can only use the “AMEX Fixed Point” Program for flights (1c of value per point) and transfer to hotel programs (1 AMEX point to 1.5 Marriott points or 1 AMEX point to 0.5 SPG Points). I use it as my card of choice for food and groceries only, I get more value of the AMEX SPG everywhere else!

      Hope this helps:)

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