American Express® AeroplanPlus® Platinum Card Review

American Express® AeroplanPlus® Platinum Card
American Express® AeroplanPlus® Platinum Card
  • Air Canada priority check-in.
  • 1.25 miles per $1 on the first $25,000 annual spend, 1.5 miles for purchases over $25,000.
  • Access to over 700 lounges worldwide.
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Get the royal treatment when you fly to over 190 countries worldwide with your American Express AeroplanPlus Platinum Card.

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.
Product NameAmerican Express® AeroplanPlus® Platinum Card
RewardGet free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Welcome OfferOffers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
Purchase Interest RateN/A
Cash Advance RateN/A
Balance Transfer RateN/A
Interest Free Period Up to 31 days
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Annual Fee$499
Monthly Service FeeN/A
Over Credit Line Fee$29
Penalty APR30%
Dishonoured Payment Fee$25
Foreign Currency Conversion Fee2.5%
Late Payment Fee$25
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Credit RatingGood, Excellent
Minimum AgeAge of majority in province/territory of residence
Minimum IncomeN/A
Household IncomeN/A
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The basics

The American Express AeroplanPlus Platinum Card rewards your big spending with 1.25 Aeroplan Miles for every $1 spent up to $25,000. Once you spend over $25,000 annually, you will earn 1.5 Aeroplan Miles for every $1 spent.

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. This means you can hand out cards to your family members and save up Aeroplan Miles faster.

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.

The perks

  • 40,000 Aeroplan Miles welcome bonus offer.

To earn 40,000 Aeroplan Miles welcome bonus, you will need to be a new cardholder and spend $3,000 in purchases during your first 3 months of card membership. The value of this bonus offer is worth over $1,000.

  • Earn more Aeroplan Miles per dollar spent.

Earn 1.25 Aeroplan Miles for every $1 spent on your card up to $25,000. Once you spend over $25,000 annually on the card, you will then receive 1.5 Aeroplan Miles for every dollar spent.

  • An extensive suite of travel insurance.

The American Express AeroplanPlus Platinum Card offers one of the most extensive suites of travel insurance. You can look forward to Travel Emergency Assistance, up to $500,000 of 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 even 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 two times the miles when you present your American Express AeroplanPlus Platinum Card and your Aeroplan number to over 150 Aeroplan Partner brands.

  • Access to over 700 lounges worldwide.

Get access to over 700 airport lounges around the world with Priority Pass Membership, including unlimited access to the luxury Air Canada Maple Leaf Lounge.

  • Priority check-in.

Breeze through airport lines with the Air Canada Priority Check-in benefit and avoid the line-ups at security by accessing the Pearson Priority Security Lane located at the departure levels of Terminal 1 & 3 at Toronto Pearson International Airport.

  • 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.

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 Gold 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.

  • It hurts to pay late.

If you pay off your balance late, you will incur a steep interest rate. Additional fees and charges may occur, such as a dishonoured payment fee of $25 and late payment fee of $25.

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 1-3% 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 Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 2,400 Air Miles Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 2,000 bonus AIR MILES Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$150
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 3 points for every dollar spent on eligible gas, dining and travel.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 5% cashback (up to $300 cashback) in the first six months.
19.99%
22.99%
$99
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

Compare up to 4 providers

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. Click Go to site on this page to be directed to the American Express AeroplanPlus Platinum Card page, and click Apply Now Securely.
  2. Complete the application with information including your full name, home address, income source and total annual income.
  3. Review and submit your application.

American Express AeroplanPlus Platinum Card

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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