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American Express AeroplanPlus Platinum Card Review

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Get the royal treatment when you fly to over 190 countries worldwide with your American Express AeroplanPlus Platinum Card.

Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership

N/A

Purchase Interest Rate

$499

Annual Fee

Details

Product NameAmerican Express AeroplanPlus Platinum Card
RewardEarn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
Welcome OfferReceive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
Purchase Interest RateN/A
Cash Advance RateN/A
Balance Transfer RateN/A
Interest Free Period Up to 31 days
More Info

30-second take

  • Get this card if you want to reap travel rewards and luxury benefits from your spending.
  • Pick something else if you don’t pay your card balance in full each month or don’t want to pay a steep annual fee.
  • Apply with a good to excellent credit score of 650 or higher.

The basics

Earn Aeroplan Miles for every $1 spent with the American Express AeroplanPlus Platinum Card. Aside from earning Aeroplan Miles, this card provides access to luxurious travel perks including worldwide lounge access, priority check in, valet service and an extensive suite of travel insurance, which can give you peace of mind when you’re travelling around the world.

This card is a charge card, which means you must pay off your credit card balance in full each month. The card also comes with an annual fee of $499 and the opportunity to purchase additional cards.

The perks

  • Welcome Bonus offer.
Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
  • Earn Aeroplan Miles.
Earn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
  • An extensive suite of travel insurance.
Get Travel Emergency Assistance, Travel Accident Insurance, Trip Cancellation and Interruption Insurance, Emergency Medical Insurance, Hotel/Motel Burglary coverage, Lost, Stolen and Delayed Baggage coverage, Delayed Flight Insurance and Car Rental Theft and Damage Insurance.

You’ll also like …

  • Aeroplan Mile flexibility.

If redeeming your Aeroplan Miles for flights isn’t on your agenda, you can also redeem your miles for hotel stays, cruises, vacation packages, car rentals, experiences, merchandise and more.

  • Earn double the Aeroplan Miles.
Earn 2x the Aeroplan Miles when you pay with your credit card and you present your Aeroplan number at over 150 Aeroplan Partner brands.
  • Travel perks.
Get a free annual Partner Ticket. Once per year, redeem 15,000 Aeroplan Miles for a short-haul roundtrip Fixed Mileage Flight Reward in economy class and receive a second Parter Ticket for the same itinerary. Plus, get unlimited access to Air Canada Maple Leaf Lounges, as well as Air Canada priority check-in.
    • Valet service at Pearson International Airport.

    Get access to a special valet service when you fly out of or into Pearson International Airport in Toronto.

      • Seat upgrades.

      Take advantage of Aeroplan’s Market Fare Flight Rewards and get unrestricted access to any available seats on any Air Canada flights.

      • Purchase protection.

      Buyer’s assurance doubles the manufactures warranty (up to one year longer) when you use your American Express credit card to purchase the item. Your eligible items are also covered against theft and accidental damage with Purchase Protection.

      • Exclusive American Express perks.
      American Express offer a range of opportunities to cardholder-only experiences and preferred seating at select events. You can enjoy concert, theatre, film, dining, shopping and travel perks.

      What to watch out for

      • Annual fee.

      The card’s annual fee is $499. However, if you use the rewards and perks, you may find the annual fee is worth the expense.

      • Additional card fee.

      The cost for an additional American Express AeroplanPlus Platinum Card is $199 annually, while an additional American Express AeroplanPlus Platinum Card is $50 annually. If you plan on racking up Aeroplan Miles faster by handing out cards to your family members, be wary of the additional annual card costs.

      • It’s a charge card, not a credit card.

      The American Express AeroplanPlus Platinum Card is a charge card, which means you must pay your balance in full each month. If you don’t, you’ll be subject to a 30% APR on the balance.

      • Not as widely accepted overseas.

      Compared to Visa and Mastercard, American Express is much less widely accepted in locations across Canada, the US and around the world. This might provide you with less opportunity to use the card, and therefore less opportunity to reap the rewards.

        Consider other cards if …

        • You want cash back.

        If you’re looking to reap the benefits of cash back, you may want to consider a cash back rewards card. These types of cards typically offer anywhere from 1-5% cash back on purchases. If you spend frequently on gas, groceries and dining out, a cash back rewards card may be more beneficial for you than a travel rewards card, especially if you don’t travel often.

        • You don’t want to pay an annual fee.

        With a steep annual fee of $499, the American Express AeroplanPlus Platinum Card is not cheap by any means. If paying an annual fee this high is not in your best interests, consider other types of travel or rewards cards with lower, or even $0, annual fees.

        • You don’t pay off your balance in full each month.

        Since the American Express AeroplanPlus Platinum Card is a charge card, you will be required to pay off your balance in full each month. Otherwise, you will be charged with 30% APR to balances not paid in full. If you find that you often carry a balance on your credit card and you don’t want the added stress of paying it off each month, you may find that a regular credit card is a better fit for your needs.

        Compare other American Express credit cards

        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        American Express AeroplanPlus Gold Card
        N/A
        N/A
        $120
        N/A
        Earn 1 Aeroplan Mile for every $1 you spend up to a maximum of $10,000, and earn 1.25 Aeroplan Miles for every $1 spent over $10,000 per year
        Earn 15,000 bonus Aeroplan Miles after spending $1,500 in the first 3 months
        Business Platinum Card from American Express
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
        Earn a Welcome Bonus of 35,000 Membership Rewards points when you charge $7,000 in purchases to your card in your first three months of Cardmembership.
        American Express AIR MILES Platinum Credit Card
        20.99%
        21.99%
        $120
        N/A
        Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend)
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months.
        American Express Business Edge Card
        19.99%
        21.99%
        $99
        N/A
        Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
        Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
        American Express AIR MILES Gold Business Card
        19.99%
        21.99%
        $0
        N/A
        Earn 1 AIR MILE for every $15 spent on eligible purchases at AIR MILES Sponsors, and earn 1 AIR MILE for every $20 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
        American Express AIR MILES Reserve Credit Card
        20.99%
        21.99%
        $299
        N/A
        Earn 1 AIR MILE for every $10 spent on purchases at eligible stand-alone grocery stores, gas stations and drugs stores in Canada, as well as eligible AIR MILES partners, and earn 1 AIR MILE for every $15 spent on all other eligible purchases elsewhere
        Earn a Welcome Bonus of 2,400 AIR MILES when you spend at least $3,000 in eligible purchases within the first three months.
        American Express Business Gold Rewards Card
        N/A
        N/A
        $250
        N/A
        Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months
        American Express AeroplanPlus Platinum Card
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
        Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
        American Express AIR MILES for Business Card
        N/A
        N/A
        $180
        N/A
        Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
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        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        BMO AIR MILES Mastercard
        19.99%
        22.99%
        $0
        $15,000
        Get 2 AIR MILES for every $20 spent at eligible AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere.
        Earn 800 AIR MILES Bonus Miles. Plus, get a rate of 1.99% on balance transfers for 9 months. A 1% fee applies to transferred balances.
        BMO AIR MILES World Elite Mastercard
        19.99%
        22.99%
        $0 annual fee for the first year ($120 thereafter)
        $80,000
        Get 1 AIR MILE for every $10 spent on eligible purchases.
        Earn a bonus of up to 2,000 AIR MILES. Terms apply. Plus, get the annual fee of $120 waived in the first year.
        Shell AIR MILES World Mastercard from BMO
        19.99%
        22.99%
        $99
        $60,000
        Earn 1.25 AIR MILES reward miles at Shell stations in Canada and 1 mile per $15 spent for all other purchases.
        Earn 1.25x Miles on card purchases at participating Shell stations in Canada and 1 mile per $15 spent for all other purchases.
        BMO IGA AIR MILES Mastercard
        19.99%
        22.99%
        $0
        $15,000
        Get 2 AIR MILES for every $20 spent on eligible purchases at IGA stores and at participating AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere.
        Get 800 AIR MILES Bonus Miles.
        Shell AIR MILES Mastercard from BMO
        19.99%
        22.99%
        $0
        $15,000
        Get 2 AIR MILES for every $20 spent at participating AIR MILES Partners, and get 1 AIR MILE for every $20 spent on eligible purchases elsewhere.
        Get 800 AIR MILES Bonus Miles.
        BMO Sobeys AIR MILES Mastercard
        19.99%
        22.99%
        $0
        $15,000
        Get 2 AIR MILES for every $20 spent at Sobeys, Foodland and eligible AIR MILES partners, and get 1 AIR MILE for every $20 spent elsewhere.
        Get 800 AIR MILES Bonus Miles.
        American Express AIR MILES Gold Business Card
        19.99%
        21.99%
        $0
        N/A
        Earn 1 AIR MILE for every $15 spent on eligible purchases at AIR MILES Sponsors, and earn 1 AIR MILE for every $20 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
        American Express AIR MILES for Business Card
        N/A
        N/A
        $180
        N/A
        Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
        American Express AIR MILES Platinum Credit Card
        20.99%
        21.99%
        $120
        N/A
        Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend)
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months.
        American Express AIR MILES Reserve Credit Card
        20.99%
        21.99%
        $299
        N/A
        Earn 1 AIR MILE for every $10 spent on purchases at eligible stand-alone grocery stores, gas stations and drugs stores in Canada, as well as eligible AIR MILES partners, and earn 1 AIR MILE for every $15 spent on all other eligible purchases elsewhere
        Earn a Welcome Bonus of 2,400 AIR MILES when you spend at least $3,000 in eligible purchases within the first three months.
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        Compare up to 4 providers

        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        American Express AeroplanPlus Platinum Card
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
        Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
        American Express AeroplanPlus Gold Card
        N/A
        N/A
        $120
        N/A
        Earn 1 Aeroplan Mile for every $1 you spend up to a maximum of $10,000, and earn 1.25 Aeroplan Miles for every $1 spent over $10,000 per year
        Earn 15,000 bonus Aeroplan Miles after spending $1,500 in the first 3 months
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        Compare up to 4 providers

        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        American Express Business Edge Card
        19.99%
        21.99%
        $99
        N/A
        Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
        Earn up to 42,000 Membership Rewards points in your first year. Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases
        American Express AIR MILES for Business Card
        N/A
        N/A
        $180
        N/A
        Earn 1 AIR MILE for every $10 spent at eligible AIR MILES Sponsors and 1 AIR MILE for every $15 spent elsewhere
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $5,000 on eligible purchases within the first three months
        Business Platinum Card from American Express
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
        Earn a Welcome Bonus of 35,000 Membership Rewards points when you charge $7,000 in purchases to your card in your first three months of Cardmembership.
        Marriott Bonvoy Business American Express Card
        19.99%
        21.99%
        $150
        N/A
        Earn 5 Marriott Bonvoy™ points per dollar spent at participating Marriott Bonvoy™ properties, 3 points on eligible gas, dining and travel and 2 points on all other spend. Terms apply
        Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership. Terms apply
        American Express Business Gold Rewards Card
        N/A
        N/A
        $250
        N/A
        Earn 2 Membership Rewards points for every $1 spent on eligible purchases at select American Express merchant suppliers in Canada (choose 3 suppliers), and earn 1 Membership Reward point for every $1 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 30,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months
        American Express AIR MILES Gold Business Card
        19.99%
        21.99%
        $0
        N/A
        Earn 1 AIR MILE for every $15 spent on eligible purchases at AIR MILES Sponsors, and earn 1 AIR MILE for every $20 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
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        Compare up to 4 providers

        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        American Express AIR MILES Platinum Credit Card
        20.99%
        21.99%
        $120
        N/A
        Earn 1 AIR MILE for every $5 spent on eligible food, drink, gas and transit purchases (up to an annual spend of $30,000), and earn 1 AIR MILE for every $10 spent on all other eligible purchases (and after the $30,000 annual spend)
        Earn a Welcome Bonus of 2,000 AIR MILES when you spend at least $1,500 in eligible purchases within the first three months.
        Business Platinum Card from American Express
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
        Earn a Welcome Bonus of 35,000 Membership Rewards points when you charge $7,000 in purchases to your card in your first three months of Cardmembership.
        American Express AeroplanPlus Platinum Card
        N/A
        N/A
        $499
        N/A
        Earn 1.25 Aeroplan Miles for every $1 spent up to the first $25,000 annual spend, and earn 1.5 Aeroplan Miles for every $1 spent over $25,000
        Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership
        The Platinum Card from American Express
        N/A
        N/A
        $699
        N/A
        Earn 3 Membership Rewards points for every $1 spent on eligible dining in Canada, 2 Membership Rewards points for every $1 spent on eligible travel purchases as well as hotel and car rental bookings made with American Express Travel, and earn 1 Membership Reward point for every $1 spent on all other eligible purchases
        As a new Platinum Cardmember, earn 25,000 Welcome Bonus Membership Rewards points when you charge $2,000 in purchases to your card in the first three months of Cardmembership.
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        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        SimplyCash Preferred Card from American Express
        19.99%
        21.99%
        $99
        N/A
        Earn 2% cash back on all eligible purchases
        Earn 5% cash back on all eligible purchases in your first six months (up to a maximum spend of $6,000, or $300 in cash back).
        SimplyCash Card from American Express
        19.99%
        21.99%
        $0
        N/A
        1.25% cash back rate on all purchases when your welcome offer ends. No cap
        Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back).
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        Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Benefits with this card Description
        American Express AIR MILES Gold Business Card
        19.99%
        21.99%
        $0
        N/A
        Earn 1 AIR MILE for every $15 spent on eligible purchases at AIR MILES Sponsors, and earn 1 AIR MILE for every $20 spent on eligible purchases elsewhere
        Earn a Welcome Bonus of 150 AIR MILES when you spend at least $1,000 in eligible purchases within the first three months
        SimplyCash Card from American Express
        19.99%
        21.99%
        $0
        N/A
        1.25% cash back rate on all purchases when your welcome offer ends. No cap
        Earn 2.5% cash back on all eligible purchases in your first three months (up to a maximum spend of $6,000, or $150 in cash back).
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        What should I know before I apply?

        To apply for the American Express AeroplanPlus Platinum Card, you will need to be:

        • At the age of majority in your province or territory.
        • A Canadian citizen or a permanent resident with a valid Canadian credit file.

        What credit score do I need?

        You’ll have a better chance of approval if you apply with a good to excellent credit score of 650 or higher. In addition to having a good credit score, a relatively high annual income or combined household income may be beneficial for approval.

        Here are a few other factors that might affect your odds of approval:

        • Hard inquiries on your credit report. If you have several hard pulls on your credit history, it could indicate to a provider that you’re desperate for credit or have trouble managing your debt. As a result, the provider may be less likely to approve your application.
        • Factors that tie into your credit score. Your credit utilization ratio can play a major factor in your approval. Customers who have low balances relative to their credit limits are usually preferable to providers.

        What do customers say about this credit card?

        Customers that have the American Express AeroplanPlus Platinum Card seem generally pleased with it, however customers do note that it is tailored toward big spenders and frequent travellers. Customers cite that the card has an excellent point to dollar earn ratio and an unbeatable selection of travel insurance.

        On the flip side, customers note that American Express tend to have inflexible company policies. In addition, the annual cost of the card is noted as a negative, however it is said to be well worth the value if you take advantage of the many perks.

        How to apply for the American Express AeroplanPlus Platinum Card

        1. Head to the American Express website, navigate to the American Express AeroplanPlus Platinum Card page and click the Apply Now button.
        2. Complete the application with information including your full name, home address, income source and total annual income.
        3. Review and submit your application.

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        How long will it take to get my American Express AeroplanPlus Platinum Card?

        Pre-approval for an American Express credit card is automated on the website, which means you may get a decision on your application within just 30 seconds. If there are issues with your application, it may take a few days or even weeks to hear back.

        Once your application has been approved, you’ll typically receive your card in the mail within 5 to 10 business days.

        I got the card. Now what?

        • Pay off your full balance every billing cycle.
          Register for an account on the American Express website to pay your balance online and enrol in autopay. Since the American Express AeroplanPlus Platinum Card is a charge card, you will need to pay off the balance entirely each billing cycle. If the balance is not paid in full, a 30% APR will apply.
        • Avoid fees.
          Late and returned payments will incur fees, so be sure to pay on time. If you’re enrolled in autopay, be sure to have enough funds in your account to pay off your balance each billing cycle.
        • Get help.
          If you’re not able to find what you need on the American Express Canada website, call 1-800-361-5373 to speak to a customer service representative.

        Bottom line

        The American Express AeroplanPlus Platinum Card is an ideal card if you’re a big spender and a frequent traveller. With a multitude of perks including an excellent point to dollar earn ratio, a wide selection of travel insurance and access to luxurious perks like airport lounges and valet services, the American Express AeroplanPlus Platinum Card is no doubt a powerful travel companion.

        However, if you usually don’t pay off your full balance each billing cycle, you may struggle with a charge card. A regular credit card may be more suitable for you if you wish to carry a balance from month-to-month on your card.

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        Frequently asked questions about the American Express AeroplanPlus Platinum Card

        Pictures: americanexpress.com/ca

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