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Transfer MR to Aeroplan or Statement Credit

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  • May 12th, 2020 8:04 am
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[OP]
Sr. Member
Feb 11, 2013
764 posts
89 upvotes
BC

Transfer MR to Aeroplan or Statement Credit

Hi All,

With the whole AMEX Double points promotion, I can't seem to make up my mind if I should take the statement credit or keep the MR for Aeroplan. We were planning a trip this year and it was postponed. However, I'm wondering once the dust settles, if

a) valuation will remain the same and even if it does
b) if it will be easier to find reward flights. Especially for 4 of us. In In the past, it was difficult (but not impossible) to find 4 reward seats.

On one hand, it's a pretty good deal to take the statement credit now. On the other hand, Aeroplan provides good value if all flights can be covered keeping the wallet fairly bulky lol

We have enough points to travel in economy for 3 of us but it won't be hard to get all of us covered since I just got the Amex plat.

Looking to see what the game plan is for others RFDers!
14 replies
Sr. Member
Nov 22, 2012
560 posts
549 upvotes
NS
a) Time will tell.
b) I expect it will be harder to find reward seats as airlines will have fewer planes in service. They will need to operate at higher capacity to maximize profits.
Member
Sep 2, 2013
260 posts
264 upvotes
Ontario
You have until 7/20 to decide. I would give it a couple of months - make the decision in July.
[OP]
Sr. Member
Feb 11, 2013
764 posts
89 upvotes
BC
Agreed. I'm definitely going to hold them on till July 20 and make that call. My biggest concern with keeping them is what @jevonb mentioned, being able to find reward seats.
Sr. Member
Aug 5, 2018
538 posts
751 upvotes
You should redeem for statement credit now at 2cpp.

If you want aeroplan miles, you are better off redeeming for statement credit, then go and buy aeroplan miles at 65% bonus, offer ends May 13.

If you think you don't want to buy miles at 65% bonus, $30k cents = 16.5k miles, 1.8CAD cents/mile, then you should not be saving your MR to transfer to aeroplan, when you can get 2cpp right now.

Honestly, I don't think aeroplan is worth 2cpp right now, given all the uncertainty, and the devaluations coming in October.


Another point, if you don't have a balance on your plat, then you can't redeem for statement credit at 2cpp.
So you should redeem now, when you do have a balance.
Deal Guru
User avatar
Jan 9, 2011
10161 posts
12138 upvotes
Vancouver
I think the availability of reward seats will be very very low, since airlines are already screaming for cash. I'd pay outright for a flight now if it was available. $1,000 flight = 2,000 points regular = 4,000 points double = $80 statement credit if claimed by July 20th. That's 8%. You're not likely to get any Aeroplan redemption that good.
[OP]
Sr. Member
Feb 11, 2013
764 posts
89 upvotes
BC
xx1what wrote: You should redeem for statement credit now at 2cpp.

If you want aeroplan miles, you are better off redeeming for statement credit, then go and buy aeroplan miles at 65% bonus, offer ends May 13.

If you think you don't want to buy miles at 65% bonus, $30k cents = 16.5k miles, 1.8CAD cents/mile, then you should not be saving your MR to transfer to aeroplan, when you can get 2cpp right now.

Honestly, I don't think aeroplan is worth 2cpp right now, given all the uncertainty, and the devaluations coming in October.


Another point, if you don't have a balance on your plat, then you can't redeem for statement credit at 2cpp.
So you should redeem now, when you do have a balance.
Agreed, the more I think about it the more I feel comfortable redeeming at 2 cpp.
[OP]
Sr. Member
Feb 11, 2013
764 posts
89 upvotes
BC
Kiraly wrote: I think the availability of reward seats will be very very low, since airlines are already screaming for cash. I'd pay outright for a flight now if it was available. $1,000 flight = 2,000 points regular = 4,000 points double = $80 statement credit if claimed by July 20th. That's 8%. You're not likely to get any Aeroplan redemption that good.
Booking outright seems like a better option. I don't think the flights will be cheaper going forward either!
Newbie
May 10, 2009
70 posts
56 upvotes
CALGARY
Pursuit2013 wrote: Agreed. I'm definitely going to hold them on till July 20 and make that call. My biggest concern with keeping them is what @jevonb mentioned, being able to find reward seats.
You can't unless you have a big balance in the month of July (You can't even carry balance as Amex Platinum is a charge card) as Amex does not allow your account going into credit position...
Sr. Member
Jul 20, 2014
863 posts
182 upvotes
Hamilton, ON
Kiraly wrote: I think the availability of reward seats will be very very low, since airlines are already screaming for cash. I'd pay outright for a flight now if it was available. $1,000 flight = 2,000 points regular = 4,000 points double = $80 statement credit if claimed by July 20th. That's 8%. You're not likely to get any Aeroplan redemption that good.
I just booked a roundtrip to Kelowna flying to YYZ to YVR In the 787-8 Dreamliner. Business class its cost me 50k points plus 160$. I went on Air Canada to see how much it would cost, and its 5k. Keep the points for Aeroplan.
Deal Addict
Oct 27, 2012
2146 posts
3343 upvotes
Toronto
bruenor9 wrote: I just booked a roundtrip to Kelowna flying to YYZ to YVR In the 787-8 Dreamliner. Business class its cost me 50k points plus 160$. I went on Air Canada to see how much it would cost, and its 5k. Keep the points for Aeroplan.
Would you have actually paid 5K cash though? If not, I'd use what the ticket is worth to you or what a discounted business fare is at as an apples to apples comparison. I've flown plenty of First and Business redemptions using Aeroplan on itineraries that have priced out at 20K+. But I don't kid myself that I got 10c of value per Aeroplan as I would have never paid that out of pocket. I'm not even sure I would pay $3,300 cash for a round trip business class ticket to Asia. It's nice to use points and get that "value" in theory, but when there's an option to take cash it becomes more real to me.

To me, taking the 2c/point value is a no-brainer in the current situation. Aeroplan could easily devalue, AC could go bankrupt, travel may not resume until late 2021, there may be multiple reschedulings, etc. that it's not worth the headache to me to be stuck with hundreds of thousands of points when I could have cash in my pocket. I know the headache right now as I have a huge Alaska points balance that I have no idea if I can use before they devalue or go bankrupt.
[OP]
Sr. Member
Feb 11, 2013
764 posts
89 upvotes
BC
g62kc wrote: You can't unless you have a big balance in the month of July (You can't even carry balance as Amex Platinum is a charge card) as Amex does not allow your account going into credit position...
Oh wow so I misunderstood. I believe in the other thread some people mentioned going in a credit balance and asking for Amex to issue a cheque.

I guess I'll have to come up with a strategy as I won't be able to spend the MSR all in one month!
Sr. Member
Apr 23, 2017
994 posts
1716 upvotes
I was asking myself this question as well.

Transfer 50k MR to AP and get Prestige 25k status until end of 2021, plus of course the 50k AP miles. However, apply the 50k MR to a statement redemption and get $1,000 credit on my AE account.

Nice to have the Prestige status, but will I use it much (or at all) this year? I usually get 2 cents/AP mile when redeeming for Europe J class from YYZ. The current AE promotion will give me 2 cents per MR point in cash right now, with no issues of availability of seats.

I was leaning towards AP to get the Prestige 25k status, but the more I think about it, the more I think I'll go with the 2 cents/1MR point statement credit. With all the AP miles being sold now, coupled with more limited number of flights, J Class to Europe seats might be hard to find, and I do like to go on the exact travel dates I want, not on dates seats are available. My only other AC use for AP redemption is J Class YYZ to FLL . 50k AP for a seat that costs $2,400 is good, but if AP goes with dynamic pricing for North American routes, that option probably won't be available to me for 50k AP + taxes anymore. The European option will be there using the chart (so they say_ but then it is a question of what will future availability be like.
Deal Addict
Feb 7, 2006
2767 posts
1284 upvotes
HermanH wrote: I was asking myself this question as well.

Transfer 50k MR to AP and get Prestige 25k status until end of 2021, plus of course the 50k AP miles. However, apply the 50k MR to a statement redemption and get $1,000 credit on my AE account.

Nice to have the Prestige status, but will I use it much (or at all) this year? I usually get 2 cents/AP mile when redeeming for Europe J class from YYZ. The current AE promotion will give me 2 cents per MR point in cash right now, with no issues of availability of seats.

I was leaning towards AP to get the Prestige 25k status, but the more I think about it, the more I think I'll go with the 2 cents/1MR point statement credit. With all the AP miles being sold now, coupled with more limited number of flights, J Class to Europe seats might be hard to find, and I do like to go on the exact travel dates I want, not on dates seats are available. My only other AC use for AP redemption is J Class YYZ to FLL . 50k AP for a seat that costs $2,400 is good, but if AP goes with dynamic pricing for North American routes, that option probably won't be available to me for 50k AP + taxes anymore. The European option will be there using the chart (so they say_ but then it is a question of what will future availability be like.
Ended up grabbing Prestige 25k status. Need the YQ waiver for a bunch of short haul flights in western Canada, and a few cross Canada trips.
Deal Addict
User avatar
Jan 4, 2011
3545 posts
4376 upvotes
Montreal
I took a mixed approach. I have a sizeable MR balance, so I used some as a statement credit, transferred some to Aeroplan, and kept some as MR. Who knows what the future holds, so I figured, for my purposes, it's probably best to hedge my bets,

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