Chase Aeroplan World Elite MasterCard Review
Updated February 5, 2024.
The Facts
The Math
When you are earning monthly 500 bonus points (up to three times), this card returns 1.25x and 3.25x points for general spending and bonus categories, respectively. Note that several rewards programs such as Chase Ultimate Rewards, Amex Membership Rewards, and Capital One Miles, allow their points to be transferred to multiple frequent traveler miles/points programs including Aeroplan. For general spending, you might want to check out several other cards that allow points transfer to Aeroplan, such as Chase Freedom Unlimited (no annual fee, returning 1.5x points, but requiring a premium Ultimate Rewards card to activate the transfer feature), Amex EveryDay Preferred ($95 annual fee, returning 1.5x points, also 4.5x points on groceries and 3x on gas, when you have more than 30 transactions a month), and Capital One Venture ($95 annual fee, returning 2x points), and Capital One Venture X ($395 annual fee, returning 2x points, also 5x points on airfare through Capital One). For bonus categories, you can check out Chase Sapphire Preferred ($95 annual fee, 5x points on travel booked through Chase, 3x on dining & online groceries, 2x points on other travel), Chase Sapphire Reserve ($550 annual fee, 5x points on airfare booked through Chase, 3x on travel & dining), Amex Gold Card ($250 annual fee, 4x points on dining & groceries, and 3x on airfare), and the aforementioned Amex EveryDay Preferred.
However, if you want to take advantage of its Aeroplan perks such as elite status, free checked bags, preferred pricing on awards, and awards without capacity control, Chase Aeroplan MasterCard is definitely a good choice as your primary spending card.
The Conclusion
Usually we recommend the cards with a frequent traveler miles/points transfer feature over airline cobranded cards for spending; however, Chase Aeroplan WEMC is worth checking out due to its great bonus categories and specific Aeroplan perks. As a whole package, Chase Aeroplan WEMC is currently rated #3 Best Credit Card by Dr. Credit Card.
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The Facts
- Annual Fee: $95
- Signup Bonus: 60,000 points after spending $3,000 within the first 3 months of new account opening. This bonus is not available if you currently have this card or have received a signup bonus for this card in the past 24 months. Based on anecdotal reports, this card is subject to Chase's 5/24 rule (you won't be approved for this card if you have opened 5 or more new accounts within the past 24 months; any new account with any issuer will count, not just with Chase; new accounts include most credit cards and charge cards but exclude non-Chase business cards and store charge cards). Historical best bonus of this card: (1) 100,000 points in form of two Welcome Flight Rewards Certificates (up to 50,000 points each - if your award requires less than 50,000 points you won't receive the difference back; won't expire as long as your account is open; as you might use additional Aeroplan points to pay for the difference when your award requires over 50,000 points, this signup bonus is pretty close to 100,000 Aeroplan points)) + Aeroplan 25K status for up to two calendar years, in 2022; (2) up to 101,000 points in form of one 50K-point awards certification + 10x points on travel & dining, up to 51,000 bonus points, in 2022; (3) up to 100,000 points with a $20K spending requirement in 2023; (4) 70,000 points in 2022.
- Application Landing Page
- Rewards: 3x Air Canada & groceries & dining, and 1x everywhere else. You also earn 500 bonus points for each $2,000 spent in a calendar month, up to three times per month.
- Best Use of Aeroplan points: Aeroplan is the frequent flyer program of Air Canada, a member of Star Alliance, one of the three global airline alliances. Aeroplan points are generally valuable when redeemed on Air Canada and partner flights and currently valued at 1.4 cents per point in our book. In addition, you might also redeem Aeroplan points via Chase's "Pay Yourself Back" feature for statement credits at 1.25 cents per point towards travel expenses charged to the credit card, up to 50,000 points redeemed per year.
- Aeroplan Benefits: (1) When you spend $15,000 during a calendar year, earn Aeroplan 25K status, the entry level elite status usually requiring 25,000 status qualifying miles or 25 status qualifying segments in addition to $3,000 in status qualifying dollars. (2) When you spend $50,000 during a calendar year, earn an Elite Status Level Up (ESLU) (when you are not a top tier elite) or Aeroplan 50K status (the third level elite status) to give to another member when you are already Super Elite (the top level elite status). The ESLU certificate helps you to get into the next elite status level with Aeroplan (in the order of 25K -> 35K -> 50K -> 75K -> Super Elite). If you are already a Super Elite, you could help another member earn 50K status. (3) Priority Reward 50% vouchers with large annual spending: you receive one voucher once your spending hits each of the spending milestones - $100K, $250K, $500K, and $750K. Each voucher offers you 50% discount in points for an Aeroplan awards ticket: Aeroplan 25K and 35K elites can only use them for economy awards within United States and Canada; Aeroplan 50K elites can use them for economy and premium economy awards within North America; Aeroplan 75K elites can use them for economy and premium economy awards worldwide; Aeroplan Super Elite can use them for economy, premium economy, and business class awards worldwide. (4) When you spend $1 Million during a calendar year, you can take a companion for free on your awards redemptions, for the rest of the year and the year after. (5) Free first checked bags for you plus eight companions on the same reservation. (6) Expanded awards availability without capacity control, meaning that if there is a seat available for cash purchase you might redeem points for it. (7) Preferred pricing for awards (discounted points redemption). (8) If you also have a Chase card that earns Ultimate Rewards points, when you transfer your Ultimate Rewards points into Aeroplan points, you will receive 10% bonus, making the transfer ratio 1:1.1, up to 25,000 bonus points per year.
- World Elite MasterCard Benefits: MasterCard Luxury Hotels & Resorts (a collection of 2,000+ luxury hotels worldwide that offer complimentary breakfasts for two, room upgrades upon availability, early check-in, late check-out, and a special amenity such as a certain amount of hotel credit up to $100 per stay, free internet, or welcome gift, etc.), MasterCard Travel & Lifestyle Services (offers for hotels, airfare, private jets, airport concierge, car rentals, chauffeured cars, cruise lines, tours, vacation packages, golf, sports and entertainment event tickets, etc.), complimentary ShopRunner membership (free two-day shipping and returns at participating stores), complimentary DoorDash benefits (3 months of complimentary DashPass membership & $5 off first two orders per month through 9/30/2022), monthly $5 Lyft credit after 3 rides each month, 5% discount for every HelloFresh order, $5 rewards for every $20+ Fandango purchase, the Dining Program (special amenities at participating restaurants), the Nightlife Program (exclusive access to and recognition at participating night clubs), Priceless Cities, Priceless Surprises, Priceless Causes, Priceless Golf, 24/7 World Elite concierge service, MasterCard Cellular Wireless Telephone Protection (up to $800 for a stolen or damaged phone as long as you charge your monthly cellphone bills to the card), MasterCard ID Theft Protection, etc.
- Other Benefits: (1) Waived foreign transaction fees with an embedded EMV chip. (2) Application fee reimbursement for Global Entry ($100) or TSA PreCheck ($85) or NEXUS ($50) every four years. (3) 24/7 concierge service.
The Math
When you are earning monthly 500 bonus points (up to three times), this card returns 1.25x and 3.25x points for general spending and bonus categories, respectively. Note that several rewards programs such as Chase Ultimate Rewards, Amex Membership Rewards, and Capital One Miles, allow their points to be transferred to multiple frequent traveler miles/points programs including Aeroplan. For general spending, you might want to check out several other cards that allow points transfer to Aeroplan, such as Chase Freedom Unlimited (no annual fee, returning 1.5x points, but requiring a premium Ultimate Rewards card to activate the transfer feature), Amex EveryDay Preferred ($95 annual fee, returning 1.5x points, also 4.5x points on groceries and 3x on gas, when you have more than 30 transactions a month), and Capital One Venture ($95 annual fee, returning 2x points), and Capital One Venture X ($395 annual fee, returning 2x points, also 5x points on airfare through Capital One). For bonus categories, you can check out Chase Sapphire Preferred ($95 annual fee, 5x points on travel booked through Chase, 3x on dining & online groceries, 2x points on other travel), Chase Sapphire Reserve ($550 annual fee, 5x points on airfare booked through Chase, 3x on travel & dining), Amex Gold Card ($250 annual fee, 4x points on dining & groceries, and 3x on airfare), and the aforementioned Amex EveryDay Preferred.
However, if you want to take advantage of its Aeroplan perks such as elite status, free checked bags, preferred pricing on awards, and awards without capacity control, Chase Aeroplan MasterCard is definitely a good choice as your primary spending card.
The Conclusion
Usually we recommend the cards with a frequent traveler miles/points transfer feature over airline cobranded cards for spending; however, Chase Aeroplan WEMC is worth checking out due to its great bonus categories and specific Aeroplan perks. As a whole package, Chase Aeroplan WEMC is currently rated #3 Best Credit Card by Dr. Credit Card.
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