Aeroplan just dropped a buy-points promotion through May 31 that delivers a 90% bonus on purchases of 70,000+ points in one go. At the standard rate, that works out to **1.44 cents per point**—well below the 1.5–2.0 cents most of us assign to Aeroplan redemptions in premium cabins.[[1]](https://onemileatatime.com/deals/buy-air-canada-aeroplan-points/)[[2]](https://loyaltylobby.com/2026/03/02/air-canada-buy-aeroplan-miles-up-to-90-or-higher-bonus-through-march-2-2026/)
The devaluation hits June 1. North America to Europe business class (4,001–6,000 miles) climbs from 70,000 to 75,000 points one-way on partners. The real kick in the teeth is North America to Asia: the old 87,500-point sweet spot for long-haul routes jumps to 102,500 points—a clean 17% increase. Book anything before the deadline and you lock in the current chart.[[3]](https://onemileatatime.com/news/aeroplan-updating-award-chart-devaluation/)[[4]](https://www.maxmilespoints.com/blog/aeroplan-award-chart-changes-2026)
That 1.44¢ effective cost changes the math. A 75,000-point Europe business award now costs roughly $1,080 out of pocket. The same seat on a paid fare often runs $4,000–$6,000. Even after the bump to 75k or 102.5k, you're still ahead compared to grinding out transfer bonuses that rarely exceed 20–30% these days.
Credit Card Bonuses Don't Look So Shiny Anymore
Chase Sapphire Preferred is dangling 75,000 Ultimate Rewards after $5,000 spend. Amex Platinum offers up to 175,000 Membership Rewards after $12,000 over six months. Capital One Venture sometimes hits 75,000–150,000 miles with tiered spend. Nice, but let's be honest: you're still transferring those points into Aeroplan at 1:1 with no bonus in May 2026.[[5]](https://thepointsguy.com/credit-cards/limited-time-card-offers/)[[6]](https://thriftytraveler.com/deals/credit-card/best-credit-card-offers-of-the-month/)
At a realistic 1.8–2.2 cents per transferred point valuation, you're effectively paying 1.8–2.2 cents per Aeroplan point. The buy-with-90%-bonus option undercuts that by 20–35%. The window is narrow because Aeroplan has been creeping dynamic pricing onto more partners and award availability on metal remains predictably frustrating.
Maximums: 500,000 base points per transaction during the promo (bonus doesn't count against the cap), with a 1,000,000-point annual purchase limit per account. Use a US billing address to dodge Canadian tax. Points post in 72 hours and are non-refundable, so have a redemption in mind. Family pooling helps if you've linked accounts.[[7]](https://loyaltylobby.com/2026/05/14/air-canada-buy-aeroplan-miles-up-to-100-bonus-may-14-31-2026/)
Is this better than waiting for the next 30% transfer bonus that may never come? For fixed-chart partner awards to Europe on Lufthansa, Swiss, or Brussels, or to Asia on EVA, ANA (when it works), or Singapore, yes. The devaluation makes waiting feel like volunteering for a pay cut.
Don't buy speculatively for dynamic Air Canada Signature Suite awards. Those prices move. Target partner redemptions where the chart is still predictable. A round-trip to Europe in business at the old rate with bought points can deliver 2.5–3.0 cents per point in real value. That's not "optimization theater"—that's actual arbitrage while it lasts.
The insiders who move fast will lock in current pricing. Everyone else will be complaining on forums in July about the new 102,500-point Asia awards while paying 2.2 cents via transfers.
Action item: Log into your Aeroplan account today, check your personalized buy-points offer, and if it's 75% or better, buy enough to cover any confirmed or near-confirmed business class awards to Europe or Asia you plan for the next 12–18 months. Book those awards before June 1. The 1.44¢ math beats chasing credit card sign-up bonuses right now.