You'll be able to transfer Chase points to Air Canada in 2021 — and it's good news, even if you never fly the airline

By Jasmin Baron

This article is brought to you by the Personal Finance Insider team. It has not been reviewed, approved, or otherwise endorsed by any of the issuers listed. Some of the offers you see on the page are from our partners like Citi and American Express, but our coverage is always independent. Terms apply to the offers listed on this page.

It's always exciting when credit card rewards programs add a new airline or hotel partner, because it opens the door to more destinations and redemption options.

Chase has just announced a new partnership with Air Canada Aeroplan, both as an Ultimate Rewards transfer partner and as the exclusive issuer of the airline's US credit card — and it's a positive change for travelers, even if they don't fly Air Canada.

Chase and Air Canada Aeroplan partnership

Starting in late 2021, you'll be able to transfer Chase Ultimate Rewards points to Aeroplan, which is great news for those who have the Chase Sapphire Preferred® Card, Chase Sapphire Reserve®, or Ink Business Preferred® Credit Card. Currently, Chase Ultimate Rewards partners with 13 airlines and hotels, including United, British Airways, Marriott, and Hyatt. 

If you'd rather earn Aeroplan points directly, Chase will also offer a co-branded Aeroplan Mastercard around the same time — but there's no information about a welcome bonus, earning, or benefits yet. Previously, TD Bank issued a US-based Aeroplan card that was discontinued in early 2020.

In Canada, TD still issues an Aeroplan card, and it comes with solid benefits like a free first checked bag on Air Canada flights, travel insurance, a NEXUS application fee credit (similar to the Global Entry fee credit offered by some US cards), and bonus points in everyday spending categories. Hopefully, we'll see similar perks on the new Chase-issued Aeroplan Mastercard.

This new Chase partnership could be beneficial even if you've never set foot on an Air Canada plane. Aeroplan points are valuable because you can redeem them for award flights on Star Alliance partners like United, Lufthansa, and Swiss, or non-alliance partners like Etihad. What's more, Aeroplan recently made changes to its award chart, routing rules, and fees — including removing fuel surcharges on its own and partner award tickets. 

Aeroplan is already an American Express Membership Rewards, Marriott Bonvoy, and Capital One transfer partner, so the addition of Chase Ultimate Rewards adds another opportunity to top-up your Aeroplan account if you're short on points for an award flight.

Jasmin Baron is an associate editor at Personal Finance Insider, where she helps readers maximize rewards and find the best credit cards to fit their lifestyles.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. What you decide to do with your money is up to you. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Disclosure: This post is brought to you by the Personal Finance Insider team. We occasionally highlight financial products and services that can help you make smarter decisions with your money. We do not give investment advice or encourage you to adopt a certain investment strategy. If you take action based on one of our recommendations, we get a small share of the revenue from our commerce partners. This does not influence whether we feature a financial product or service. We operate independently from our advertising sales team.

Business Insider may receive a commission from The Points Guy Affiliate Network, but our reporting and recommendations are always independent and objective.

Please note: While the offers mentioned above are accurate at the time of publication, they're subject to change at any time and may have changed, or may no longer be available.