American Express Aeroplan Business Reserve Card Review 2022

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by Enoch Omololu, MSc (Econ)

Updated

Advertiser Disclosure

An upgraded version of the American Express Aeroplan Reserve Card, the AMEX Aeroplan Business Reserve card is one of the top travel rewards credit cards for business owners who travel often.

Using this card for business purchases is the best way to earn Aeroplan points, which you can redeem on a wide range of travel rewards.

In this American Express Aeroplan Business Reserve Card review, you’ll learn about the card’s top features, benefits, how to apply, and a few alternate travel credit cards.

American Express Aeroplan Business Reserve Card – At a Glance

  • $599 annual fee
  • $199 supplementary card fee
  • $0 for Aeroplan Business Reserve No Fee
  • 16.99% interest rate on purchases
  • 21.99% interest rate on funds advances
  • Earn 3x Aeroplan points on eligible purchases with Air Canada flights and vacations
  • Earn 2x Aeroplan points on eligible car rentals and hotel bookings
  • Earn 1.25x Aeroplan points on all other purchases
  • Earn 1,000 Status Qualifying Miles for every $5,000 in card purchases
  • Receive an Annual Worldwide Companion Pass
  • Get up to a $100 NEXUS card statement credit

American Express Aeroplan Business Reserve Card Benefits

The American Express Aeroplan Business Reserve Card Canada offers a few welcome bonuses.

New cardholders can earn up to 85,000 Welcome Bonus Aeroplan Points from these two offers:

  • After spending $3,000 or more within your first 3 months of card ownership, earn 25,000 Aeroplan points.
  • Earn 5,000 bonus Aeroplan points each monthly billing period you spend $2,000 in purchases on your card (applies to the first twelve months of Cardmembership – up to a maximum of 60,000 points).

A few other notable American Express Aeroplan Business Reserve Card benefits include:

Earn and Redeem Aeroplan Points

For every $1 spent on your American Express Aeroplan Business Reserve Card, you’ll earn:

  • 3x Aeroplan points on eligible Air Canada flights and vacation bookings
  • 2x Aeroplan points on hotel and car rental bookings
  • 1.25 Aeroplan points for everything else

You can redeem your Aeroplan points on flight tickets with Air Canada, hotel stays, car rentals, activities & travel experiences, travel upgrades, merchandise, and gift cards.

Business Benefits and Coverage

The American Express Aeroplan Business Reserve Credit Card has a range of business solutions, including:

  • The flexibility to pay balances in full each month or carry a balance
  • The $599 annual fee may be tax-deductible
  • You can get up to 99 supplementary cards for your employees

This credit card also includes Employee Card Misuse Protection, which provides coverage of up to $100,000 per cardmember if an employee misuses their supplementary card.

Travel Benefits

The American Express Aeroplan Business Reserve card gives cardholders access to a host of travel perks and rewards, including:

  • A free checked bag on any flight
  • Priority check-in, boarding, airport standby, baggage handling, and airport upgrades
  • Maple Leaf lounge access
  • A complimentary Priority Pass membership
  • Many benefits at the Toronto Pearson International Airport
  • Complimentary valet services
  • Discount on parking rates

Travel Coverage

With this Aeroplan business credit card, you get an array of travel insurance, including the following.

Emergency Medical Insurance – if you’re under age 65, get out of province/country emergency medical insurance with coverage up to $5,000,000 for the first 15 days of a trip.

Flight Delay Insurance – if your flight is delayed for over 4 hours and no alternate transportation is available, get up to $1,000 in coverage for necessary accommodation, food, and sundry items purchased.

Lost or Stolen Baggage Insurance – if your checked or carry-on baggage is stolen or lost, get up to $1,000 in coverage.

Baggage Delay Insurance – if your checked baggage is delayed for 6 hours or more, get up to $1,000 in coverage for necessary emergency purchases.

Hotel Burglary Insurance – if your accommodation is broken into, get up to $1,000 in coverage against the loss of personal items.

Car Rental Damage/Theft Insurance – get up to $85,000 in coverage for damage, theft, or loss of car rentals of 48 days or less.

Travel Accident Insurance – in the event of accidental death or dismemberment, get up to $500,000 in coverage.

Trip Interruption Insurance – if your trip is interrupted or delayed for a covered reason, get up to $1,500 in coverage per insured person (up to a maximum of $6,000).

Trip Cancellation Insurance – if your trip is cancelled for a covered reason, get up to $1,500 in coverage per insured person (up to a maximum of $3,000).

Purchase Coverage

Buyer’s Assurance Protection Plan – get an automatic extension of the manufacturer’s original warranty for up to one year

Purchase Protection Plan – in the event of accidental damage or theft, you’ll be insured for up to $1,000 for eligible items charged to your American Express Aeroplan Business Reserve card.

American Express Experiences

As with most other American Express credit cards, you get access to front-of-the-line presale tickets, reserved tickets, and e-updates, not to mention special offers and experiences throughout the year.

An American Express credit card on a green background with the text "American Express Aeroplan Reserve Card Review"

Downsides of the American Express Aeroplan Business Reserve Card

One major downside is the American Express Aeroplan Business Reserve card annual fee of $599.

This can be quite pricey, especially if you have employees with supplementary cards costing $99 each. Keep in mind, though, that you may be able to deduct this expense from your taxes.

Aeroplan points are best redeemed on flights, hotel bookings, car rentals, and vacation packages through Air Canada.

If you don’t travel often, the high annual fee and limited ways you can redeem Aeroplan points will likely outweigh the benefits of this card.

How To Apply for the American Express Aeroplan Business Reserve Card

To apply, you must meet the age of majority in your province or territory and be a Canadian resident with a Canadian credit file.

To apply for the American Express Aeroplan Business Reserve Card, click here

Aeroplan Rewards Program and How To Redeem Aeroplan Points

You can redeem the points you’ve earned with your Aeroplan credit card on the Air Canada website.

Points can be redeemed for Air Canada flights, hotels, vacations, car rental bookings, merchandise, gift cards, and more.

Alternatives to the American Express Aeroplan Business Reserve Card

A few alternate American Express travel credit cards include:

American Express Aeroplan Business Reserve Card vs Marriott Bonvoy Business American Express Card

The Marriott Bonvoy Business American Express card has a $150 annual fee with a 19.99% interest rate on purchases and $21.99% on cash advances.

Cardholders earn Marriott Bonvoy points which can be redeemed on hotel bookings, flights, car rentals, and travel upgrades.

You can earn:

  • 5 points for every $1 spent on eligible Marriott Bonvoy purchases
  • 3 points for every $1 spent on eligible gas, travel, and dining purchases
  • 1 point for $1 spent on all other purchases

This card also includes a range of travel and shopping insurance coverage.

Learn more in this review.

Marriott Bonvoy Business American Express Card

Rewards: Earn 5 pts/$1 spent at Marriott Bonvoy; 3 pts/$1 on travel, gas, & dining; 2 pts/$1 everywhere else; 1 free night each year; Elite Night credits.

Welcome offer: Get up to 50,000 bonus points in the first year.

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $150

American Express Aeroplan Business Reserve Card vs American Express Business Edge Card

One of the best business credit cards, the American Express Business Edge card is great for small business owners.

It has a $99 annual fee with an interest rate of 19.99% on purchases and 21.99% on cash advances.

Cardholders earn Membership Rewards Points, which can be redeemed on travel, dining, entertainment, and retail purchases.

Learn more in my full review here.

American Express Business Edge Card

Rewards: Earn 3x the points per $1 spent on office supplies, gas, food, & electronics; 1x points everywhere else.

Welcome offer: Get up to 67,000 bonus points in the first year.

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $99

American Express Aeroplan Business Reserve Card vs American Express Business Gold Rewards Card

The American Express Business Gold Rewards card has no pre-set spending limit, with a $199 annual fee and a $50 annual fee for supplementary cards.

Cardholders earn 1 Membership Rewards point for every $1 spent, which can be redeemed on travel, gift cards, merchandise purchases, and more.

This credit card also includes insurance against lost or stolen baggage, hotel burglary, flight and baggage delays, and travel accidents.

American Express Business Gold Rewards Card

Rewards: Earn 1x the points on all purchases.

Welcome offer: Get up to 110,000 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $199

Is the American Express Aeroplan Business Reserve Card For You?

If you’re a business owner, travel often, and plan to charge large expenses to your credit card, this one might be for you.

You can earn 1.25 to 3x the Aeroplan points on most purchases and redeem them on various travel bookings, such as flights, hotels, car rentals, and vacation packages.

In addition to the promising rewards, this card includes many categories of travel insurance and benefits and allows you to have up to 99 supplementary cards for your employees.

Best Credit Offers in September 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories; 0.5% elsewhere.

Get 15% bonus cash back in the first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard plus a $20 welcome bonus.

Free budgeting app with automatic savings features.

Access to a portion of your paycheque three days early.

1.20% savings interest on every dollar balance.*

The Neo Card pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Earn up to 5% cash back at 7,000+ participating stores.

No annual account fees.

Guaranteed instant approval credit card.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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