Chase Raised Annual Fee for Aeroplan Credit Card

The Chase Air Canada Aeroplan card now carries a $195 annual fee as the bank updates its loyalty benefits program.

Updated on Sept. 19, 2026 in Business Travel

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Do you feel the annual fees on your credit cards are worth the rewards offered?

Chase Bank has increased the annual fee for the Chase Air Canada Aeroplan credit card to $195, a $100 jump from the previous $95 price point. The updated offering includes new cardholder perks and a revised bonus points structure.

Why it matters

The fee adjustment coincides with a significant refresh of card benefits intended to incentivize travel and spending loyalty among international flyers. These changes aim to balance the increased cost with expanded rewards for frequent Air Canada passengers.

The new $195 annual fee marks a $100 increase over the previous $95 charge. New users can earn 115,000 bonus points, consisting of 75,000 points after spending $4,000 within the first three months.

The players

Chase Bank

Chase Bank is a major financial institution that provides credit card services and retail banking across the United States.

Air Canada

Air Canada is the flag carrier and largest airline of Canada that operates domestic and international flights.

The details

Cardholders earn 3x points on general travel purchases and up to 5x points on Air Canada flights. The card continues to offer a free checked bag on Air Canada flights and includes automatic Aeroplan 25K status for members.

September 19, 2026 marks the announcement of the fee increase.
Double points on grocery store spending expires December 31, 2026.
Access to the new card perks begins January 1, 2027.

Travel Outlook

This move follows the travel industry's post-pandemic premium co-branded card rewards arms race. It marks a broader shift where issuers raise annual fees to offset the costs of enhanced loyalty perks and premium travel benefits.

Current cardholders should evaluate if their usage of the 3x travel points and free checked bags offsets the $100 annual price hike. Travelers planning major purchases should note the double points for grocery spending remains active through the end of 2026.

The takeaway

Cardholders should review their annual spending habits to determine if the 5x points on Air Canada flights justify the higher membership cost. Travelers might also consider applying before upcoming benefit changes to lock in current status retention requirements.