I know gift cards are probably the worst redemption with Aeroplan but sometimes we all need cash! This is the highest return I have seen on gift cards for a while on the Aeroplan website.
I value my Aeroplan at 1.5 cents per mile (meaning I try to get a return at a minimum of 1.5 cents).
Here is an example of some cards:
Air Canada gift cards:
$1000 gift card – 88000 miles (usually 100,000)
$500 gift card – 44250 miles (usually 50,000)
$250 gift card – 22250 miles (usually 25,000)
Here is a link to the promotion.
This ends January 15, 2020.