Chase Ultimate Rewards is currently offering a limited-time transfer promotion: cardholders can receive an extra 20% bonus when transferring points to Aeroplan, improving the transfer ratio from 1:1 to as high as 1:1.20. The promotion is valid until April 30, 2026.

Worth noting, this bonus can be stacked with the 10% cardmember bonus (with a minimum transfer of 50,000 points per transaction), and the bonus is calculated based on the base transfer amount.

If you don’t have a clear redemption plan, we do not recommend speculative transfers. However, if you already have a specific redemption goal, this promotion can further increase point value. Compared with the highest 25% bonus seen earlier this year, this offer is somewhat less generous.