American Express AeroplanPlus Reserve Card Review

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A top of the line credit card for travel lovers who want to see the world using Aeroplan Miles.

19.99%

Purchase Interest Rate

$899

Annual Fee

N/A

Balance Transfer Rate

Details

Product NameAmerican Express AeroplanPlus Reserve Card
RewardEarn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
Welcome OfferReceive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Purchase Interest Rate19.99%
Cash Advance Rate22.99%
Balance Transfer RateN/A
Interest Free Period Up to 21 days
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30-second take

  • Get this card if you want to reap the rewards of your big spending and want access to premium travel perks.
  • Pick something else if you want cash back or don’t want to pay a steep annual fee.
  • Apply with a good to excellent credit score of 650 or higher.

The basics

The American Express AeroplanPlus Reserve Card rewards your big spending with 1.25 Aeroplan Miles for every $1 spent, alongside a 50,000 Aeroplan Miles bonus when you spend $3,000 in your first 3 months as a cardmember. It makes for an excellent travel companion, rewarding cardholders with a $200 travel credit annually to spend toward flights, hotels, car rentals and other travel experiences.

With an annual fee of $899, the Reserve Card is tailored toward big spenders and travel enthusiasts. This card is a regular credit card, which means you don’t have to pay off the entire balance each month, however you will face an interest rate of 19.99% if you don’t pay it off in full.

Aside from providing the ultimate Aeroplan Mile welcome bonus, the American Express AeroplanPlus Reserve Card comes with a premium suite of travel insurance, ensuring you have peace of mind while you travel the world. The card also offers access to an annual partner ticket benefit, meaning you and a friend or family member can enjoy a short or long-haul flight when you redeem 25,000 Aeroplan Miles.

The perks

  • 50,000 Aeroplan Miles welcome bonus offer.

To earn 50,000 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 $1,200.

  • Earn more Aeroplan Miles per dollar spent.

Earn 1.25 Aeroplan Miles for every $1 spent on your card and earn 2 Aeroplan Miles for every $1 spent on eligible Air Canada purchases.

  • $200 annual travel voucher.

Each year, get a $200 travel credit that can be used toward flights, car rentals, hotels and other travel experiences. You must use your card to book either online or by phone with American Express Travel Services.

You’ll also like …

  • An extensive suite of travel insurance.

The American Express AeroplanPlus Reserve 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.

  • 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 Reserve Card and your Aeroplan number to over 150 Aeroplan Partner brands worldwide.

  • Unlimited access to the Air Canada Maple Leaf Lounge™**.

Get unlimited access to the Air Canada Maple Leaf Lounge™** where available, in major airports across Canada and key international locations. You’ll also receive complimentary access to over 1,200 Priority Pass™ around the world.

  • Priority check in.

Skip the lines at the airport and get access to the Air Canada priority check in desk. You can also look forward to complimentary checked in baggage rewards, up to 5 bags per year, with Air Canada.

What to watch out for

  • Annual fee.

The card’s annual fee is $899. 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 Reserve Card is $299 annually. If you plan on racking up Aeroplan Miles faster by handing out cards to your family members, be aware of the additional annual card costs.

  • 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 an APR of 23.99% - 26.99% Variable. Additional fees and charges may occur, such as a dishonoured payment fee of $25.

  • Watch out for cash advance rates.

Withdrawing money using your credit card will result in a cash advance rate of 22.99%. This rate will be charged from the moment you withdraw your cash from the ATM.

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 $899, the American Express AeroplanPlus Reserve Card is far from cheap. 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 travel much.

Since the American Express AeroplanPlus Reserve Card is tailored toward travel enthusiasts, you may want to consider a different type of credit card if you don’t travel much. With a high annual fee, the card is worth the price only if you use the many travel perks that come with the card.

Compare other American Express credit cards

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
N/A
N/A
$60
N/A
New cardmembers receive 5,000 Bonus Aeroplan Miles when spending $500 in the first three months of membership.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
N/A
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
19.99%
22.99%
$99
N/A
Earn up to 42,000 Membership Rewards® points in the first year of card approval. Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
N/A
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
N/A
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership. Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
19.99%
22.99%
$299
N/A
Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
19.99%
22.99%
$899
$60,000
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more. Also receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership and earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first 6 months of card membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
N/A
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
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.
N/A
N/A
$120
N/A
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Earn 1 mile per $10 spent on eligible partners, groceries, gas stations and drug stores (up to $30,000 annually) and 1 mile per $15 on all other spending.
19.99%
22.99%
$299
N/A
Receive up to 3,800 AIR MILES Bonus Miles when you spend $3,000. Conditions apply. Offers 1.99% balance transfer for the first 6 months. No balance transfer fee upon application
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
N/A
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
19.99%
22.99%
$899
$60,000
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more. Also receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership and earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first 6 months of card membership.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
N/A
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
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.
N/A
N/A
$120
N/A
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
N/A
N/A
$60
N/A
New cardmembers receive 5,000 Bonus Aeroplan Miles when spending $500 in the first three months of membership.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
19.99%
22.99%
$99
N/A
Earn up to 42,000 Membership Rewards® points in the first year of card approval. Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
N/A
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
N/A
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
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.
19.99%
22.99%
$150
N/A
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
N/A
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership. Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 AIR MILES® for every $5 you spend at eligible sponsors, stores, drugstores and gas stations (up to $30,000 annually) and 1 Mile for every $10 you spend anywhere else.
19.99%
22.99%
$120
N/A
Receive up to 3,500 bonus AIR MILES®. Conditions apply. Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
N/A
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in. Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
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
N/A
N/A
$699
N/A
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership. Experience worldwide lounge access as well as luxury travel and dining benefits.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
N/A
Receive 40,000 points when you spend $5,000 within first three months of membership.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Get 2% cashback after the Welcome Rate on all purchases. No cap and no limit.
19.99%
22.99%
$99
N/A
Receive 5% cash back (up to $300 cash back) and a 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
1.25% cash back rate on all purchases when your welcome offer ends. No cap.
19.99%
22.99%
$0
N/A
Earn 2.5% cash back (up to $150 cash back) in the first three months. Offers 1.99% balance transfer rate in the first 6 months and no balance transfer fee upon application.

Compare up to 4 providers

Name Product Reward Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Minimum Credit Limit
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
N/A
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
1.25% cash back rate on all purchases when your welcome offer ends. No cap.
19.99%
22.99%
$0
N/A
Earn 2.5% cash back (up to $150 cash back) in the first three months. Offers 1.99% balance transfer rate in the first 6 months and no balance transfer fee upon application.

Compare up to 4 providers

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What should I know before I apply?

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

  • Be at least 18 years old, or the age of majority in your province or territory.
  • Be a Canadian citizen or a permanent resident with a valid Canadian credit file.
  • Have a personal annual income of $60,000 or more.

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. 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 Reserve Card generally say positive things about the card, citing that it is a good premium travel card for those who can afford the price of admission. The value of the travel credit and the partner flight scheme helps to cover the annual fee of the card and the extensive travel insurance package provides peace of mind to frequent travellers.

On the other hand, other American Express cards offer similar insurance packages for a much cheaper annual fee. People also note that the welcome bonus offer is low considering the cost of the card. Customers also complain of inflexible company policies, however positive things are said about the American Express customer service team.

How to apply for the American Express AeroplanPlus Reserve Card

  1. Click Go to site on this page to be directed to the American Express AeroplanPlus Reserve 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.

How long will it take to get my American Express AeroplanPlus Reserve 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 60 seconds. If there are issues with your application, it may take within 10 days 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?

  • Make your repayments.
    Register for an account on the American Express website to pay your balance online and enroll in autopay. The American Express AeroplanPlus Reserve Card is a regular credit card, so you are not obligated to pay off the entire balance in full each billing cycle. Keep in mind if you carry a balance from month-to-month you will face interest charges.
  • 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 1-800-268-2639 to speak to a customer service representative.

Bottom line

The American Express AeroplanPlus Reserve Card is a powerful card if you can afford the price of admission. With a $899 annual fee, this card proves its value if you take advantage of the wealth of travel perks that come with it. As a regular credit card, you can also carry a balance from month-to-month on the Reserve Card.

However, if you’re looking for a cheaper annual fee travel rewards card, you might want to consider another American Express card or a different provider.

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Frequently asked questions about the American Express AeroplanPlus Reserve Card

Pictures: americanexpress.com/ca

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