WHAT DOES THE MERGE WITH AIR CANADA MEAN FOR AEROPLAN MEMBERS?

After announcing that it was parting ways with its loyalty points program, Air Canada has teamed up with TD, CIBC, and VISA to purchase Aeroplan for $450 million. For all of us who are Aeroplan members, what does this mean for our hard-earned points?

If you have an Aeroplan credit card, the Air Canada bid includes partnerships with Aeroplan’s credit cards partners (TD Bank, CIBC and Visa Canada). If the deal goes through, it could mean a smooth transition for those credit card users. There could also be better credit card offers or sign up bonuses with these partners in future.

Since the new loyalty program doesn't start until 2020, the value of your points and amount of travel miles earned stays the same—for now. So don't worry, your points aren’t devalued…yet. You can stop trying to spend all your points before the changes go into effect.