Chase Aeroplan® World Elite Mastercard® Credit Card Review

Top perks

These are the top highlights of the Chase Aeroplan® World Elite Mastercard® Credit Card.

Unique sign-up bonus worth up to 100,000 points

The Chase Aeroplan® World Elite Mastercard® Credit Card has a unique welcome offer. New cardmembers will earn two flight reward certificates after spending at least $4,000 within three months of account opening. Each flight reward certificate is worth 50,000 Aeroplan points. You can use one certificate per flight, so you’ll want to be strategic when redeeming your certificate. These certificates don’t expire as long as you remain a cardholder.

Elite Status perks for new cardmembers

You’ll automatically achieve Aeroplan 25K Elite Status as a new cardholder. This perk is valid for the calendar year you open your account and for the following calendar year.

If you fly with Air Canada, the benefits offered with this status level can make your travel more enjoyable. Some of the most notable benefits include:

  • Priority seat selection, check-in, and boarding
  • Two complimentary checked bags
  • 20 eUpgrade credits
  • 50% discount on preferred seats
  • Two one-time-use Maple Leaf Lounge passes

Earn up to 3 points per $1 in multiple spending categories

This card lets you earn rewards for your spending in multiple spending categories, which can help you maximize your earning potential.

With the Chase Aeroplan® World Elite Mastercard® Credit Card, you can earn:

  • 3 points per $1 on dining (including takeout and delivery)
  • 3 points per $1 on grocery purchases
  • 3 points per $1 on purchases made directly with Air Canada
  • 1 point per $1 on other purchases

Earn 500 points for every $2,000 spent on purchases each month

The Chase Aeroplan® World Elite Mastercard® Credit Card also offers a spending bonus. You can earn 500 bonus points for every $2,000 you spend in a calendar month, capped at 1,500 bonus points each month.

Free first checked bag perks

This credit card also includes checked bag perks. As the primary cardholder, you and up to eight companions traveling on the same itinerary can bring one free first checked bag on Air Canada flights. While the Elite Status you’ll earn as a new cardmember entitles you to two free checked bags, this is a nice benefit if you frequently travel with others.

$100 statement credit for Global Entry, TSA PreCheck, or NEXUS

Many travel credit cards now include statement credits for specific expedited travel programs. The Chase Aeroplan® World Elite Mastercard® Credit Card is no exception.

With this card, you’ll get up to $100 in statement credit as reimbursement for the application fee for Global Entry, TSA PreCheck, or NEXUS. This benefit is available once every four years. You must use your Chase Aeroplan® World Elite Mastercard® Credit Card to pay the application fee to use this perk.

Travel protection benefits

This travel card includes these helpful travel protection benefits:

  • Baggage delay insurance
  • Trip cancellation and interruption insurance
  • Trip delay reimbursement
  • Car rental collision damage waiver
  • Roadside assistance

Most travel credit cards at this price point include similar perks, and you may find these benefits helpful if you encounter difficulties on your trips.

No foreign transaction fees

No foreign transaction fees are charged when using this credit card to make international purchases. Cards that have this fee charge around 3% for every foreign transaction. If you plan to use this card abroad, this perk can offer money savings.

What could be improved

The Chase Aeroplan® World Elite Mastercard® Credit Card has some minor concerns worth noting.

annual fee

It’s worth noting that this rewards card has an annual fee of $95. When considering the card’s many benefits, this is a reasonable yearly fee, and the price is in line with other travel credit cards we’ve seen. But it’s still an additional expense to think about.

Bonus offer is in the form of flight reward certificates

Many cards provide their bonus offer in points or miles directly, which offers more flexibility. With this method, you can use your welcome points as you see fit. The Chase Aeroplan® World Elite Mastercard® Credit Card welcome offer doesn’t offer much flexibility. You’ll receive two flight reward certificates, each worth up to 50,000 Aeroplan points. You’ll need to use these certificates for flights and won’t be able to cash them in any other way.

Earning cap on spending bonus

You can get 500 bonus points on every $2,000 you spend each month with this card, but there’s an earning cap. You can only earn up to 1,500 bonus points per calendar month. If you typically put more than $6,000 per month on your cards, a different card with no earning cap may make sense.

Limitations on how you can redeem points

The Chase Aeroplan® World Elite Mastercard® Credit Card has limitations on how you can redeem your points. At this time, you can redeem your points for Air Canada flights or flights with one of Air Canada’s many partner airlines.

Chase has announced that soon you’ll be able to redeem your points for other travel purchases through Chase’s Pay Yourself Back program at a rate of $0.0125 per point. But this redemption option isn’t available yet for this credit card.

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