Chase Ultimate Rewards is dropping a 20-30% transfer bonus to Aeroplan through September 30, 2026. Everyone gets 20% on transfers of at least 1,000 points. Hold the Chase Aeroplan card and move 50,000+ in one shot for an extra 10% stack, hitting effective 1.3 Chase points per Aeroplan mile. That's before the card's annual 25,000 bonus point cap.[[1]](https://loyaltylobby.com/2026/08/12/chase-ultimate-rewards-to-air-canada-aeroplan-up-to-30-conversion-bonus-august-12-september-30-2026/)[[1]](https://loyaltylobby.com/2026/08/12/chase-ultimate-rewards-to-air-canada-aeroplan-up-to-30-conversion-bonus-august-12-september-30-2026/)

Do the math right and you're looking at 1.625 cents per Ultimate Rewards point on premium redemptions. That's the kind of number that makes you cancel that cash-out plan and start hunting award space instead. Aeroplan was already one of the stronger Star Alliance plays for US-based travelers. This bonus just supercharged it before the window slams shut at 11:59 p.m. ET on the 30th.

Who Actually Qualifies

The base 20% hits any transferable Chase card—Sapphire Preferred, Sapphire Reserve, Ink, the works. No special enrollment. The extra 10% requires primary cardholder status on the Chase Aeroplan card and a chunky single transfer. Names must match. Points post within about a week, non-reversible once they land in Aeroplan.[[1]](https://loyaltylobby.com/2026/08/12/chase-ultimate-rewards-to-air-canada-aeroplan-up-to-30-conversion-bonus-august-12-september-30-2026/)

If you don't have the Aeroplan card, 20% is still solid. Transfer in smaller batches if you're paranoid about availability. But the real alpha move is getting that card if you're sitting on a big Chase balance and actually plan to fly business.

Best Business Class Routes Right Now

Aeroplan's post-June 2026 chart isn't the giveaway it once was, but US-originating sweet spots remain. East Coast to Europe in business on Lufthansa, SWISS, or United Polaris runs 70,000-75,000 Aeroplan miles one-way plus $250-400 in taxes. Think IAD-FRA on the new Allegris product or EWR-ZRH in that lovely Swiss cabin.[[2]](https://www.businessclasstravel.us/best-aeroplan-business-class-sweet-spots)[[3]](https://awardtravelfinder.com/award-charts/aeroplan)

West Coast gets slightly less love after the Pacific devaluation. LAX-NRT on ANA "The Room" or SFO-SIN on Singapore Airlines now sits around 102,500 miles one-way in business. Still beats paying cash for those lie-flats, especially with a 5,000-point stopover option that can turn one award into two cities. Availability is decent if you search 6-11 months out.[[4]](https://www.maxmilespoints.com/blog/aeroplan-award-chart-changes-2026)

Lufthansa First via Aeroplan for 90,000 miles is the ridiculous flex if you can find it. SWISS business to Zurich remains one of the most consistent redemptions. Singapore Suites is tougher but worth the points when it appears. Skip the dynamic-priced United metal unless it's a true emergency.

How It Stacks Up

At 1.625 cpp effective, this beats most Flying Blue redemptions where promo awards are nice but standard business to Europe often costs 50,000-60,000 miles plus brutal fuel surcharges on Air France. Flying Blue valuations are hovering around 1.45 cpp these days—decent, but not this.[[5]](https://thepointsguy.com/loyalty-programs/monthly-valuations/)

Avianca LifeMiles still wins on pure no-surcharge partner awards in some cases (around 1.45-1.6 cpp valuation), but inventory is spottier and the program has devalued twice recently. Aeroplan's stopover perk and broader Star Alliance coverage give it the edge for most sophisticated travelers right now.[[6]](https://www.nerdwallet.com/travel/learn/airline-miles-and-hotel-points-valuations)

Bottom line: if you're sitting on Chase points and eyeing 2027 business class trips, this bonus is the trigger. Don't transfer speculatively into the void, but if you see space you want, pull the lever.

Action item: Log into your Chase account today, search Aeroplan for your target routes first to confirm availability, then transfer exactly what you need (plus a small buffer) before September 30. The window is open—use it or watch your points sit there earning 1.25 cpp in the portal like a sucker.