Transfer MR to Aeroplan or Statement Credit

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.

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.

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.

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.

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.

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...

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.