American Express AeroplanPlus Reserve Card Review

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

Last updated:

No longer offered in the market

The American Express AeroplanPlus Reserve Card is no longer available. However, we’ve kept the information online for those who are interested.

You can compare more American Express credit cards, including AeroplanPlus cards, here.

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

Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases. In addition, Receive 50,000 bonus Aeroplan Miles when you spend $3,000 within three months of membership. 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

  • Welcome Bonus offer.
Receive 50,000 bonus Aeroplan Miles when you spend $3,000 within three months of membership.
  • Earn more Aeroplan Miles per dollar spent.
Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles 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 Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
American Express AIR MILES Platinum Credit Card
20.99%
22.99%
$120
N/A
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. Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
American Express AIR MILES for Business Card
N/A
N/A
$180
N/A
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 Reserve Credit Card
20.99%
22.99%
$299
N/A
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. Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
Business Platinum Card from American Express
N/A
N/A
$499
N/A
N/A
Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
Earn a Welcome Bonus of 40,000 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
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 Gold Business Card
19.99%
22.99%
$0
N/A
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 AeroplanPlus Gold Card
N/A
N/A
$120
N/A
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
American Express Business Gold Rewards Card
N/A
N/A
$250
N/A
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 Business Edge Card
19.99%
22.99%
$99
N/A
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

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
American Express AIR MILES Platinum Credit Card
20.99%
22.99%
$120
N/A
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. Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
American Express AIR MILES for Business Card
N/A
N/A
$180
N/A
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 Reserve Credit Card
20.99%
22.99%
$299
N/A
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. Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
American Express AIR MILES Gold Business Card
19.99%
22.99%
$0
N/A
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

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
American Express AeroplanPlus Platinum Card
N/A
N/A
$499
N/A
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
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

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
American Express Business Edge Card
19.99%
22.99%
$99
N/A
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
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
N/A
Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
Earn a Welcome Bonus of 40,000 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%
22.99%
$0
N/A
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
Marriott Bonvoy Business American Express Card
19.99%
22.99%
$150
N/A
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
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

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
The Platinum Card from American Express
N/A
N/A
$699
N/A
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 up to 60,000 Membership Rewards points in the fist six months. Earn a Welcome Bonus of 50,000 Membership Rewards points when you spend at least $3,000 on eligible purchases within the first three months. Receive an additional 10,000 Membership Rewards points after six months of cardmembership
American Express AIR MILES Platinum Credit Card
20.99%
22.99%
$120
N/A
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. Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
American Express AeroplanPlus Platinum Card
N/A
N/A
$499
N/A
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
Business Platinum Card from American Express
N/A
N/A
$499
N/A
N/A
Earn 1.25 Membership Rewards points for every $1 spent on eligible purchases
Earn a Welcome Bonus of 40,000 Membership Rewards points when you spend at least $5,000 on eligible purchases within the first three months

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
SimplyCash Preferred Card from American Express
19.99%
22.99%
$99
N/A
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). Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
SimplyCash Card from American Express
19.99%
22.99%
$0
N/A
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). Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application

Compare up to 4 providers

Name Product Purchase Interest Rate Cash Advance Rate Annual Fee Minimum Income Min. Credit Limit Benefits with this card Description
SimplyCash Card from American Express
19.99%
22.99%
$0
N/A
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). Plus, get a rate of 1.99% on balance transfers for the first six months with no balance transfer fee. Transfer up to 50% of your credit limit or $7,500, whichever is less. This offer is only available at the time of online application
American Express AIR MILES Gold Business Card
19.99%
22.99%
$0
N/A
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

Compare up to 4 providers

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

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.

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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