Submitted by Stephen Weyman on July 06, 2010 @ 5:55 pm
Flying for free, or almost free, is a really wonderful proposition and something that is definitely possible by efficiently collecting and redeeming Aeroplan miles. Some of the methods listed here are better than others, but they will all help you pad your balance so you can get that free flight much sooner than you think.
There’s no way around it, credit cards are the absolute best way to collect Aeroplan miles quickly and there are quite a few of them to choose from in Canada. There may be a better credit card out there to use as your primary everyday card, but I still think most people should sign up for one or more Aeroplan cards to take advantage of the perks and bonuses.
Sign Up Bonus
The biggest reason to apply for an Aeroplan credit card is for the sign up bonuses. The minimum sign up bonus available for an Aeroplan credit card is the 5,000 miles for the lower end cards with lesser annual fees all the way up to 50,000 miles for the top-end platinum and reserve cards. The standard bonus
for a $120 annual fee card is typically between 15,000 and 25,000, which is great because a 15,000 bonus is enough to get you flying immediately on a short haul flight and the 25,000 bonus will get you on a flight anywhere in Canada & Continental USA. You usually get most or all of your bonus either after you make the first purchase on your card or after your first statement or after you've made a relatively small minimum amount of purchases within the first few months. Please click the following link for the most up to date listing of Aeroplan credit card sign up bonuses .
Unfortunately, large credit card bonuses usually do come at the cost of an annual fee, but that doesn’t mean you shouldn’t still apply! One thing is for certain, the sign up bonus is almost always worth WAY more than than the cost of the annual fee. I have calculated the true value of Aeroplan miles in extensive detail and, using those numbers, you can quickly see that 25,000 miles is realistically worth $800. Subtract the $120 annual fee, and you are still $680 ahead as long as you have a use for a reward flight.