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Pros & Cons

Pros

  • +Welcome Bonus: 150,000 points
  • +Airport lounge access
  • +Purchase protection included

Cons

  • High annual fee ($599/yr)
  • Foreign Transaction Fee (2.5%)

Our Review

With this welcome offer for American Express® Aeroplan®* Reserve Card, you can earn up to 150,000 Aeroplan points. Here’s how:

  • Earn 70,000 Aeroplan points after you spend $7,500 on your Card in your first 3 months of Cardmembership
  • Plus, earn 40,000 Aeroplan points after spending a total of $45,000 on your Card in your first 12 months of Cardmembership
  • You can also earn 40,000 Aeroplan points by making a purchase between the 15th and 17th month of your Cardmembership

With this Amex Aeroplan Card, you earn 3X the points on purchases made directly with Air Canada and Air Canada Vacations. And 2x the points on Dining and Food Delivery purchases in Canada. Everywhere else, you will earn 1.25X the points.

With this Amex Aeroplan Premium Card, you receive many Air Canada travel benefits, such as access to Maple Leaf Lounges in North America for you and one guest, priority check-in, priority boarding and priority baggage handling. It’s the best Amex Aeroplan Card for frequent Air Canada flyers.

With this American Express Aeroplan Card, enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights.

Like all American Express Canada Cards, there is no minimum income requirement.

Offer ends: 2026-07-28

Rewards

All Spending

1.25x

Aeroplan pts per dollar

Restaurants

2x

Credit Card Rewards Calculator

See how much you could earn with this card based on your spending.

¢/ point
Groceries1.25x
$700/month
Gas & EV1.25x
$200/month
Transit1.25x
$100/month
Restaurants2x
$300/month
Pharmacy1.25x
$50/month
Travel1.25x
$150/month
Bills & recurring payments1.25x
$250/month
Telecom1.25x
$150/month
Entertainment & streaming1.25x
$100/month
Office supplies1.25x
$0/month
All other spending1.25x
$500/month

Points Earned

40,200

Aeroplan/yr

Estimated Value

$804

After Fees

+$205

1st Year Value

$1,605

incl. welcome bonus

Annual rewards breakdown

Groceries$8,400/yr × 1.25x10,500 pts
Gas & EV$2,400/yr × 1.25x3,000 pts
Transit$1,200/yr × 1.25x1,500 pts
Restaurants$3,600/yr × 2x7,200 pts
Pharmacy$600/yr × 1.25x750 pts
Travel$1,800/yr × 1.25x2,250 pts
Bills & recurring payments$3,000/yr × 1.25x3,750 pts
Telecom$1,800/yr × 1.25x2,250 pts
Entertainment & streaming$1,200/yr × 1.25x1,500 pts
All other spending$6,000/yr × 1.25x7,500 pts
Total annual spend$30,000
Monthly spend$2,500
Average earn rate on spend per year1.34x
Average earn rate on spend 1st year with welcome bonus3.67x
Total points earned on spend40,200 pts
Welcome bonus points+70,000 pts
  • Earn 70,000 Aeroplan after $7,500 in purchases in 3 months
  • Earn 40,000 Aeroplan after $45,000 in purchases in 12 months, spend $1,250/mo more
  • Earn 40,000 Aeroplan with a purchase around month 15 (year 2)
Total points earned110,200 pts
Value of accumulated points$2,204

Travel Insurance

Travel Medical

Up to $5,000,000 / 15 days

Trip Cancellation

Up to $1,500

Trip Interruption

Up to $1,500

Delayed Baggage

Up to $1,000

Lost Baggage

Up to $1,000

Flight Delay

Up to $1,000

Hotel Burglary

Up to $1,000

Travel Accident

Up to $500,000

Purchase Protection

Purchase Protection

Included

Extended Warranty

+1 year(s)

Auto Rental

Up to $85,000 / 48 days

Interest Rates

  • Purchase Rate
    21.99%
  • Cash Advance
    21.99%
  • Foreign Transaction Fee
    2.5%

Perks & Benefits

Airport Lounge

Unlimited

Concierge Service

24/7

Priority Boarding

Included

NEXUS Credit

$100

Terms & Conditions

Card Features

New American Express® Aeroplan®* Reserve Cardmembers can earn up to 150,000 Aeroplan points

    • Earn 70,000 points after you spend $7,500 on your Card in your first 3 months of Cardmembership
    • Plus earn an additional 40,000 points after you spend a total of $45,000 on your Card in your first 12 months of Membership
    • You can also earn 40,000 points when you make a purchase between 15 and 17 months of Cardmembership
    • You could earn up to $5,700 or more in value within your first 17 months. When you combine the Welcome Bonus offer of up to $3,000 in value, your earn potential in accelerated and everyday spend earn rate categories with approximately $1,760 in value, and the $1,000 in value you get from exceptional benefits, you can earn up to $5,700 or more in value within your first 17 months. Terms and usage assumptions apply
    • Offer ends July 28, 2026

Card features

  • Cardmembers can now get an extra night free for every 3 hotel nights redeemed with Aeroplan points. Enjoy even more at over 300,000 hotel properties worldwide
  • Highest Air Canada earn rate on an Aeroplan payment card in Canada: Earn 3X the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*
  • Standard Earn Rate: Earn 2X the points on eligible Dining and Food Delivery purchases in Canada and earn 1.25X the points on everything else
  • Get through the airport quicker with Air Canada Priority Check-In, Air Canada Priority Boarding and Air Canada Priority Baggage Handling
  • Enjoy access to select Air Canada Maple Leaf Lounges™* and Air Canada Café in North America for you and a guest, with a same day ticket on a departing Air Canada®* or Star Alliance®* flight
  • Enjoy your eligible first checked bag free for up to 9 people travelling on the same reservation on Air Canada flights
  • Get a 10% Head Start. Starting in 2027, eligible Basic Cardmembers with Aeroplan EliteTM* Status will receive a 10% head start toward qualification, based on Status Qualifying Credits (SQC) accumulated the year before. Roll over any unallocated unused eUpgrade Credits to the following year to enjoy during your travels
  • Get access with your American Express® Aeroplan®* Reserve Card to more than 1,200 Priority Pass airport lounges That means an oasis of comfort before your flight—regardless of your choice of airline or cabin class
  • Receive up to $100 CAD in statement credits every four years when a NEXUS application or renewal fee is charged to your American Express Aeroplan Reserve Card
  • Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date; your Pass entitles you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to a maximum of $599 CAD (plus taxes, fees, charges, and surcharges)
  • Amex ExperiencesTM opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more
  • Get more from your travel experience at Toronto Pearson International Airport with:
    • Access to Pearson Priority Security Lane
    • Complimentary valet service at the Express Park and Daily Park
    • 15% discount on parking rates at the Express Park and Daily Park
    • 15% discount on Auto Care services
  • American Express® Aeroplan®* Reserve Card is made from precision cut and engraved 13 g metal – it’s the perfect companion on your next exceptional journey
  • Insurance Coverage: whether you’re shopping nearby or travelling abroad, you can feel confident knowing you can be taken care of

Apply with confidence!

  • See if you’ll be approved before you apply – with no impact to your credit score.*
  • When applying for a new card, businesses will typically run a “hard check” of your credit report. A hard credit check can cause a temporary impact to your credit score.
  • Unlike many lenders, for American Express’ personal cards, you can see if you will be approved before you apply without impacting your credit score
  • A soft credit check is a check into your credit report initiated either by you or a company even if you didn’t apply for credit. It is primarily used to screen for pre-approval financing offers or for a background check
  • Available for American Express personal cards, we’ll let you know your eligibility with no impact to your credit score, so you can submit your application with confidence.*

*Instant decisions are only available for Consumer (also known as Personal) Card applications.

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Conditions apply. All information is believed accurate but not guaranteed. Card details, rewards, and offers are subject to change at any time. Always verify the latest terms on the issuer’s website before applying. EducFinance may receive compensation through affiliate links. This does not affect our editorial choices or card rankings. © 2026 American Express Canada. All trademarks are property of their respective owners.