Details on the new Air Canada Aeroplan credit card from Chase will come out in December. As a result of the co-brand relationship, Air Canada is already a transfer partner of Chase’s Ultimate Rewards.

Over the summer they launched a ‘wait list’ for the new credit card. Signing up for the wait list by November 8, 2021 and applying and getting approved for the card by February 15, 2022 will give you an additional 10,000 miles on top of the regular signup offer.

They’re adding a new benefit for joining the wait list: 10 eUpgrade credits, and they’re hinting at details of the card by saying this “will be particularly useful when combined with the benefits that come with the card.” The eUpgrades are in addition to an extra 10,000 miles when you’re approved, and everyone already on the wait list as well as those who join now will get both.

It makes sense to join the waitlist which is really just signing up for them to market the card to you, even if you don’t expect to apply, because if you turn out to get the card this gives you incremental benefits. The only reason not to bother, I suppose, is if you’re LOL/24 and ineligible for Chase cards period.

Details on the card haven’t been released yet, though we know it’ll be a Mastercard. Chase issues almost exclusively Visa products (they lease Visa’s network for a flat fee) and Visa helped fund Air Canada’s reacquisition of the program from Aimia. Air Canada co-brands are Amex and Visa cards in Canada. Mastercard must be offering a lot to break in with Air Canada and further with Chase.

The new card should pair nicely with the offer U.S. members can jump on for an easy Air Canada elite status match. There’s no reason for an elite frequent flyer in the U.S. not to become an Air Canada elite with cobrand, except of course for the dreaded 5/24.