Why you should use your Aeroplan points ASAP

(Brent Lewin/Bloomberg)

The breakup of the partnership between Air Canada and the Aeroplan customer loyalty program was announced in May, but it won’t actually happen until 2020. I have no doubt that a lot of Aeroplan members will forget about this development until the media starts reminding them just ahead of the deadline.

By then, it could be too late to squeeze the maximum value out of your Aeroplan points. To do that, you need to start using them right now. Enough with the hoarding of points for future trips you may never take.

The reason for using Aeroplan points as soon as you can is the risk that they’ll be devalued in the future. As the website HowToSaveMoney.ca explains, one possibility for Aeroplan in 2020 is that it adopts the sort of conventional reward schedule used by some bank credit cards. “If that happens, then each mile will likely be worth between 1 and 2 cents, with 1 being the norm.”

I know how frustrating it can be to book Aeroplan reward flights without unappealing stopovers or having to use extra points to get what you want. But as HowToSaveMoney.ca clearly shows, Aeroplan at its best is capable of delivering a value of 2.5 to 13.3 cents per mile.

Protect that value by using your points soon. The more points you have, the sooner you should travel. Finally, remember the golden rule from HowToSaveMoney.ca: “Always redeem for flights.” The cents-per-mile value when you buy merchandise or gift cards is much lower than it is for flights.

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