The Aeroplan® Credit Card offers a range of benefits tailored for frequent travelers and everyday spenders alike. New cardmembers can earn 70,000 bonus points after spending $3,000 on purchases within the first three months. Points accumulate quickly with 3X points at grocery stores, on dining including takeout and eligible delivery services, and purchases made directly with Air Canada. Cardholders also earn 1X point on all other purchases. Additional perks include a free first checked bag, no foreign transaction fees, and opportunities to elevate Aeroplan Elite Status.
Features
- Earn 70,000 Bonus Points. New cardmembers can earn 70,000 bonus points after spending $3,000 on purchases within the first three months. This substantial bonus provides a head start towards redeeming for travel rewards.
- Points Accelerators. Earn 3X points at grocery stores, on dining including takeout and eligible delivery services, and purchases made directly with Air Canada. This allows cardholders to accumulate points quickly on everyday and travel-related expenses.
- Annual Fee. The card has an annual fee of $95, which is typical for premium travel rewards cards but may be offset by the card's benefits depending on usage.
- Free Checked Bag. Cardmembers and travel companions (up to eight) enjoy a free first-checked bag on Air Canada flights, enhancing travel savings.
Pros and Cons
Pros
No Foreign Transaction Fees. Ideal for international travelers, the card does not charge foreign transaction fees, saving on additional costs when using the card abroad.
Aeroplan Elite Status. New cardmembers receive Aeroplan 25K Status for the remainder of the calendar year, plus the following calendar year, providing benefits like priority airport services and cabin upgrades on Air Canada flights.
Pay Yourself Back. Allows cardholders to redeem points for a statement credit to cover travel purchases made with the card, offering flexibility in how rewards are used.
Cons
Annual Fee. While $95 is standard for premium travel cards, it adds to the cost of ownership and should be considered against the card's benefits.
Interest Rates. The variable APR ranges from 21.74% to 28.74%, which is higher than average, and potentially costly if carrying a balance month-to-month.
Reward Redemption Complexity. While versatile, redeeming points for maximum value may require familiarity with Aeroplan's redemption options and restrictions.
How to Apply for an Aeroplan® Credit Card
Online
Explore Credit Card Options. Browse through the available credit card options to find the Aeroplan® Credit Card. Click on the card to access more details.
Review Card Details. Take your time to review the features, benefits, and terms of the Aeroplan® Credit Card to ensure it meets your needs.
Initiate Application. Look for the "Apply Now" button to start the application process. Click on it to proceed.
Fill Out Application Form. Complete the online application form with accurate personal, financial, and contact information as required. Ensure all fields are filled correctly.
Submit Application. After filling out the form, review the information provided to avoid any errors. Once satisfied, submit your application.
Wait for Approval. After submission, the bank will review your application. You may receive an instant decision or have to wait a few days for a response.
Receive Card. If approved, your Aeroplan® Credit Card will be mailed to the address provided during the application process.
Mobile App
Log In or Register. Open the Chase mobile app and log in to your existing online banking account. If you're a new user, you may need to register for mobile banking by providing your account details and creating login credentials.
Navigate to Credit Cards. Once logged in, navigate to the section of the app dedicated to credit cards or banking products. This may be accessible from the main menu or homepage.
Find Aeroplan® Credit Card. Look for the Aeroplan® Credit Card among the available options. Tap on the card to view more details.
Start Application. Locate the option to apply for the Aeroplan® Credit Card within the app. It may be labeled as "Apply Now" or something similar. Tap on it to initiate the application process.
Complete Application Form. Fill out the application form provided in the app with accurate information, including personal, financial, and contact details. Double-check for accuracy before proceeding.
Submit Application. After completing the form, review the information provided to ensure accuracy. Once verified, submit your application through the mobile app.
Wait for Response. The bank will review your application. Depending on their process, you may receive an instant decision or have to wait for a few days to receive a response.
Receive Confirmation. If approved, you'll receive confirmation within the app or via email. Your Aeroplan® Credit Card will be mailed to the address provided during the application process.
Branch Application
Research and Preparation. Begin by researching the various credit cards offered by Chase to determine which best suits your needs and preferences. Consider factors such as rewards, interest rates, annual fees, and benefits.
Gather Necessary Documents. Collect all required documents, such as a valid photo ID (e.g., driver's license or passport), Social Security number, proof of income (e.g., pay stubs or tax returns), and any other relevant financial information.
Visit a Chase Branch. Locate the nearest Chase branch by using the Chase website or mobile app. Plan your visit during the branch’s operating hours.
Meet with a Chase Representative. Once at the branch, request to speak with a representative about applying for a credit card. The representative will guide you through the process, answer any questions, and provide you with the necessary forms.
Complete the Application Form. Fill out the application form provided by the representative. Ensure all information is accurate, including personal details, employment information, and financial data.
Submit Your Application. After completing the form, submit it to the representative along with your supporting documents. The representative will review your application for completeness and accuracy.
Wait for Approval. The representative will submit your application for processing. Approval times can vary; in some cases, you may receive an instant decision, while others may require further review. You will be notified of the decision by mail or email.
Receive Your Card. If approved, your new credit card will be mailed to you. Upon receiving your card, follow the instructions to activate it and begin using it to earn rewards and manage your finances effectively.
Infographic
Eligibility Requirements
Credit Score. Generally, a good to excellent credit score (typically 670 or higher) is required for approval. This ensures applicants have a solid credit history and responsible financial management.
Income Requirements. While specific income thresholds are not publicly disclosed, applicants should have a stable income to demonstrate their ability to manage credit card payments and potential debt.
New Cardmember Bonus Eligibility. Applicants must be new Aeroplan® Credit Card members and not have received a new Cardmember bonus for this specific card within the past 24 months to qualify for the introductory bonus points offer.
Residency. Applicants must be residents of the United States with a valid permanent home address within the 50 United States, the District of Columbia, Guam, Puerto Rico, or the US Virgin Islands.
Age Requirement. Applicants must be at least 18 years old (19 in Alabama and Nebraska, 21 in Puerto Rico) to apply for the Aeroplan® Credit Card.
Existing Chase Cardholders. Current Chase cardholders may be subject to specific eligibility rules based on their existing relationship with Chase and other Chase credit cards.
Military Lending Act Compliance. Active duty military members and their dependents are subject to additional federal protections under the Military Lending Act, ensuring responsible lending practices and capped interest rates.
Reasons You May Be Denied a Card
Insufficient Credit History. If you have a limited credit history or no credit history at all, the issuer may be unable to assess your creditworthiness, which could result in a denial of your credit card application.
Low Credit Score. A low credit score, often indicative of past financial difficulties or missed payments, may lead to a denial of your credit card application. Credit scores below a certain threshold may be considered risky by the issuer.
High Debt-to-Income Ratio. If you have a high debt-to-income ratio, meaning you have significant outstanding debt relative to your income, the issuer may view you as a higher credit risk and deny your application.
Recent Bankruptcy. If you have filed for bankruptcy recently, you may be denied a credit card as it indicates financial instability and an increased risk for the issuer.
Delinquent Accounts. If you have a history of late payments, defaults, or delinquent accounts on your credit report, it may signal to the issuer that you are not financially responsible and may lead to a denial of your application.
Multiple Recent Credit Applications. Applying for multiple credit cards or loans within a short period, especially if accompanied by rejections, may raise concerns for the issuer about your financial stability and lead to a denial.
How to Pay Off Credit Card Debt
Access Your Account. Sign in to your Chase online banking account or mobile app to access your credit card information.
Review Your Balance. Take a moment to examine your outstanding balance, including any accumulated interest or fees.
Choose a Payment Method. Determine how you wish to proceed with your payment. Chase provides several convenient options, such as online banking, mobile banking, in-person at a financial center or ATM, by phone, or through the mail.
Online Payment. If you opt for online payment, log in to your account, proceed to the bill pay section, and follow the prompts to initiate a payment. You can select to pay the minimum amount due, the full balance, or a customized amount.
Mobile Payment. Alternatively, you can utilize the Chase mobile banking app to complete a payment. Choose your Aeroplan® Credit Card account and follow the prompts to finalize the payment process.
In-Person Payment. For those preferring in-person transactions, visit a Chase financial center or ATM. You can make a payment using cash, a check, or your debit card at the ATM, or seek assistance from a representative at the financial center.
Phone Payment. To make a payment over the phone, dial the Chase customer service number and follow the automated instructions to navigate to the payment section. From there, you can complete the payment using your checking account or debit card.
Mail Payment. Lastly, if mailing your payment suits your preference, utilize the payment address provided on your billing statement. Ensure to include your Aeroplan® Credit Card account number on the check or money order and allow adequate time for delivery.
Confirm Payment. Following your payment submission, verify that it has been successfully processed. You can check your account balance online or via the mobile app to confirm the payment's application to your Aeroplan® Credit Card debt.
Editorial Opinion
The Aeroplan® Credit Card presents a compelling option for those who prioritize earning travel rewards and enjoy the associated benefits. The accelerated points on grocery, dining, and Air Canada purchases make it attractive for diverse spending habits. However, the annual fee of $95 and the variable interest rates ranging from 21.74% to 28.74% may be considerations for potential applicants. Evaluating the card's benefits against the costs and one's personal spending patterns is essential to determine its suitability.
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