The Most Valuable Chase Personal Card Has A New Offer, But Is It Better?

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New Chase Aeroplan Mastercard Welcome Offer

The newest kid on the block in the Chase portfolio seems to be having a welcome offer identity crisis. The card has only been around for a few months and it is already on its third iteration of a welcome offer. I am guessing Chase is trying to find that sweet spot for the Chase Aeroplan Card, even with its new card smell still lingering. The last offer made it the most valuable Chase personal card welcome offer out there, public or not. Is this new offer even better? Or does it drop it off the Chase card podium completely? Let’s take a look.

New Aeroplan Card Offer

Here are the details of the new Chase Aeroplan Mastercard welcome offer:

  • Earn 70,000 miles after spending $3,000 within the first 3 months of card membership.
  • The $95 annual fee is NOT waived
  • Learn More

Aeroplan program value

Spending Structure

The Chase Aeroplan Card has the following earning structure:

  • 3x Aeroplan points per dollar spent on dining, including takeout and eligible delivery services
  • 3x Aeroplan points per dollar spent at grocery stores
  • 3x Aeroplan points per dollar spent directly with Air Canada
  • 1x Aeroplan point per dollar spent on all other purchases
  • Learn More

How Does This New Offer Compare To The Previous One?

The old offer was for 50,000 miles after spending $3,000 on the card within the first 3 months. You could earn up to an additional 51,000 miles with the additional 10X on travel and dining spend offer during the first 6 months.

That offer could net you up to $1157 in value. A maximum of 101,000 points could be earned requiring a maximum of $8100 in spend (although likely less than that). I valued the points at 1.4 cents each and then subtracted out the $95 annual fee and $162 for the opportunity cost of the $8100 in spend.

The new offer can net you up to $825 in value. That is after giving the 70,000 points a $980 value and then subtracting the $95 annual fee and the $60 in opportunity cost on the minimum spend.

That is a $300 drop in value, yikes! However, that doesn’t take into account that many people wouldn’t have been able to maximize the $5,100 in travel and dining spend. So I guess some people could actually prefer this offer.

For arguments sake though, let’s say you did half of the $3,000 in spend on the old offer in dining and travel. That would have netted you 65,000 points with the chance to earn a lot more (50,000 + 10 X $1500). That is why I would have preferred the old offer.

This change would have slotted the Chase Aeroplan Mastercard as the 7th most valuable Chase personal card, in terms of welcome offer, the last time around. From 1st to 7th, a pretty massive fall from grace right there.

Final Thoughts

While some people may prefer the simplicity of the new 70,000 mile Aeroplan card offer I think the old offer was a superior offer. I actually preferred it to the two 50K certificate offer the card had at launch. But, I generally value points or miles a lot more than I do certificates.

What do you think of the new Aeroplan offer? Do you like the simplicity more? Do you think Chase is done shaking things up for a bit with the card? Let me know down below in the comments.

Mark Ostermann
Mark Ostermann is a father, husband and miles/points fanatic. He left the corporate world after starting a family in order to be a stay at home dad. Mark is constantly looking at ways to save money and stay within budget while also taking awesome vacations with his family. When he isn't caring for his family or taking a weekend trip, Mark is working towards his goal of visiting every Major League Baseball ballpark.

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  1. On the surface, the Aeroplan card looks great. But, given redemption values on Air Canada itself and its partners, only get the card if the purpose of your points is to book partner awards.

  2. Any thoughts on how many Amex Business Platinum cards are too many? I currently have 2 open and 2 closed (1 last month and 1 earlier this year) as well as a few other business cards, one of which I use monthly for around $10K. Yesterday I got an email with a 160K offer. I’m sorely tempted as that would bump me up to a million points but I’m leery of anything that may look too weird. How much is too much? Any insight appreciated, as always.

    • Tough to say. I know people that have 4 or 5 and gotten most of them recently so I don’t think it is overly risky (has risks for sure). I would say biggest risk is getting stuck in pop up jail imo. If you are already stuck there then you might not care since this is the only way to get bonuses etc.

      I think the business department is a whole different animal and they are on a quest to show new accounts every quarter. Only thing that makes sense to me.


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