Aeroplan is the loyalty currency most Canadians already hold without having chosen it. It arrives with an Air Canada ticket, a grocery bill, a credit card statement or a transfer from a bank rewards program, and it quietly accumulates until someone decides what it is for. This guide is meant to help that decision. It covers how points and status are earned, how milestone benefits and vouchers work, how to redeem, how cards and bill payments fit, how to value all of it, and where the risks sit. It is a follow-up to the Sovereign Canadian overview of Canadian loyalty programs, which compares the programs at a high level.