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American Express Aeroplan Card Review 2024

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The American Express Aeroplan Card is an excellent addition to your wallet if you are a travel addict looking to maximize the Aeroplan loyalty program.

Following a revamp of the Aeroplan program last year, American Express introduced a suite of credit cards you can use to earn Aeroplan points on just about every purchase.

Not only that, but the cards also offer unique sign-up bonuses and access to exclusive Air Canada benefits.

The three new AMEX Aeroplan Cards are:

  • American Express Aeroplan Card;
  • American Express Aeroplan Reserve Card, and
  • American Express Aeroplan Business Reserve Card.

This American Express Aeroplan Card review covers how it works, its fees, pros, cons, and alternatives.

American Express Aeroplan Card Overview

American Express Aeroplan Card

Great for earning Aeroplan points

Annual fee: $120

Rewards: Earn 2 points per $1 spent on Air Canada purchases. Earn 1.5 points per $1 spent on dining. Earn 1 point per $1 spent on everything else.

Interest rates: As a charge card, a 30% annual rate applies for balances that are not paid in full.

Minimum income requirement: None

Recommended credit score:
660
900

Good to Excellent

AMEX aeroplan-card

On Amex’s website

  • Earn 2 points per $1 spent in Air Canada flights or Air Canada Vacations.
  • Earn 1.5 points per $1 spent on dining and food delivery.
  • Earn 1 point per $1 spent on all other purchases.
  • Redeem points for hotel stays, vacation packages, merchandise, gift cards, and car rental.
  • Annual $100 travel credit.
  • $50 Nexus credit that can be used once every four years.
  • Comprehensive travel insurance benefits.

Comprehensive travel insurance

Benefits when flying with Air Canada

Lower annual fee compared to other similar Aeroplan cards

Some vendors do not accept American Express

Some Aeroplan cards have better-earning rates

High-interest rates

The American Express Aeroplan Card is great for frequent travellers. The ability to earn Aeroplan points gives users a variety of redemption options, from flights to hotels to even car rentals.

American Express Aeroplan Card Benefits

The American Express Aeroplan Card offers new cardholders up to 40,000 Aeroplan points when they meet the spending requirements.

You get:

  • 3,000 points each monthly period you spend $1,000 or more in the first 10 months of Cardmembership (up to 30,000 points).
  • You can also earn 10,000 Aeroplan points when you make a purchase between 14 and 17 months of Cardmembership

The regular earn rate when you spend with this card is 2x the points on Air Canada purchases and vacations; 1.5x the points on dining and food delivery, and 1x the point on everything else.

Purchases made at participating Aeroplan partner brands earn double the points.

Air Canada Benefits

Travel on an Air Canada flight is easier with the Amex Aeroplan Card. The first bag you check in is free and this also applies to up to 8 companions who are travelling with you on the same reservation.

With every $10,000 spent using your card, you earn 1,000 Status Qualifying Miles, which makes it easier to reach the coveted Aeroplan Elite Status level much faster.

Travel Insurance Coverage

The American Express Aeroplan Card offers a better-than-average insurance package for travellers, including;

Travel Accident Insurance: Up to $500,000 to cover accidental death or dismemberment.

Flight Delay Insurance: If your flight is delayed for 4 hours or more, you could claim up to $500 for eligible expenses.

Baggage Delay Insurance: If your baggage is delayed for 6 hours or longer, you could claim up to $500.

Hotel Burglary Insurance: Up to $500 coverage if you lose personal items due to a burglary at your accommodation.

Lost or Stolen Baggage Insurance: Up to $500 if your bag is lost or damaged while in transit.

Car Rental Insurance: Cardholders enjoy coverage for up to 48 consecutive days when they rent a car with an MSRP of $85,000 or less.

To enjoy the travel insurance coverage offered by this card, you should fully charge your ticket, hotel fees, or car rental to it. For car rentals, you must also decline the CDW and LDW offered by the car rental company.

Other Benefits

This card comes with purchase security and extended warranty coverage.

As an American Express card, cardholders can access perks such as the American Express Experiences and Front Of The Line benefits.

Downsides

American Express credit cards are not as widely accepted by merchants as are those issued by Visa or Mastercard.

The Amex Aeroplan Card is a charge card which means you do not get a predefined credit limit. While this makes for flexible spending, you need to pay off your statement balance every month. A 30% annual interest rate applies to outstanding balances.

If you need supplementary cards, they cost $50 each.

Alternative Credit Cards for Aeroplan Points

One other credit card that is great for earning Aeroplan points is:

American Express Platinum Card: The Platinum Card offers Membership Rewards points and it is one of the best travel cards in Canada.

Features of this card include:

  • $799 annual fee
  • 2 points per $1 spent on dining and food delivery in Canada
  • 2 points per $1 spent on eligible travel
  • 1 point per $1 spent on everything else
  • Comprehensive travel insurance
  • Complementary access to 1,300+ airport lounges worldwide
  • $200 annual travel credit
  • $200 annual dining credit and more

Learn more in this review.

Frequently Asked Questions

How do I redeem Aeroplan points?

You can use your points to book flights on Air Canada as well as book hotels, car rentals, and vacation packages. You can also purchase merchandise and gift cards.

Does American Express have a student credit card?

There are no designated Amex credit cards in Canada. That said, the SimplyCash Card from American Express is a no-fee card that offers 1.25% cash back on most purchases. It has no minimum income requirement.

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

American Express Aeroplan Card Review
Overall
4.8

Summary

The American Express Aeroplan Card is an excellent addition to your wallet if you are a travel addict looking to maximize the Aeroplan loyalty program. This review covers what you need to know.

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Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

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