Hyatt-Aeroplan partnership: Bad redemptions, good status challenges, free flight credit.

The new Hyatt-Aeroplan partnership mostly delivers poor value on conversions and redemptions — 50,000 Hyatt points for a 30,000 Aeroplan award, 2:1 point transfers in either direction, and 500 Aeroplan points per Hyatt stay are all bad. The bright spots: elite members get a $20 CAD Air Canada flight credit annually, and status challenges can unlock meaningful elite tiers. Aeroplan members with elite status or a premium Canadian card can earn Hyatt Discoverist after 4 nights, Explorist after 10, or Globalist after 20 within 90 days; Hyatt Globalists and Explorists get an Aeroplan status challenge later this year.

The play: If you hold Hyatt Globalist or Explorist status, link accounts now for the $20 CAD flight credit and watch for the Aeroplan status challenge launching later in 2026.