Illustration, not the actual card design.
Amex · Earns Aeroplan points
Amex Aeroplan Reserve Card
Annual fee
$599
Welcome offer
Up to 85,000 points
Market
Canada · CAD
Biggest part of the offer: Spend $7,500 in your first 3 months.
What it's worth before you spend
Welcome bonus, plus perks you get no matter what, minus the fee. Everyday earning comes on top.
Year 1
$421
+$600 welcome bonus
+$420 yearly credits
−$599 fee
Year 2
$71
+$250 welcome bonus
+$420 yearly credits
−$599 fee
Every year after
−$179
Costs $179 a year until your spending covers it.
Plus 20 benefits with no fixed dollar value, like NEXUS Statement Credit, Maple Leaf Lounge Access and Pearson Priority Security Lane. Their worth depends on how you use the card, so they're not counted above. See them all
Estimated as of Sep 25, 2026. Assumes you're approved, qualify for the offer and meet its spending requirement. Points valued at up to 1¢ each, which is our assumption. Before everyday spending.
Welcome offer
Offer may end without notice. If you have or have had this card, Amex may still approve you, but you won't get the offer. You may also not get it if you have already received Aeroplan welcome points for a card of this type from another issuer.
85,000 points: worth $850 at 1¢ a point, or up to $1,700 on travel (2¢ a point). How that works
- 1Spend $7,500 in your first 3 months60,000 pts≈ $600 est.Year 1
- 2Spend $2,500 in month 1325,000 pts≈ $250 est.Year 2
Not guaranteed. Welcome offers and bonuses are at the card issuer's discretion, and can change or end at any time.
What it earns
Valued at 1¢ per point. Aeroplan points can be worth more on travel. How that works
| Where you spend | Earns | Back per $1 (est.) |
|---|---|---|
| Air Canada | 3 pts per $ | 3¢ |
| Dining & Restaurants | 2 pts per $ | 2¢ |
| Hyatt Hotels | 2 pts per $ | 2¢ |
| Everything else | 1.25 pts per $ | 1.25¢ |
What else you get
Statement credits
- Instacart Monthly Credit$20/mo
Two $10 credits a month on separate $10+ Instacart orders in Canada, until Dec 31, 2027
up to $240/yrEnroll first - NEXUS Statement Credit$100
Up to $100 back on NEXUS application or renewal fees charged to the card
Worth about US$120 per application · CBSA's price, 5-year membership; non-refundable, checked Oct 2026
Every few years
Perks · 6
- Free First Checked Bag$180/yr
Air Canada flights: first bag free for you and up to 8 companions on the same booking; valued at $180 a year (2 people, 1 round trip)
Worth about $45 per bag, each way · Air Canada's price, Economy Basic or Standard fare, within Canada and to or from the U.S., before tax (Flex fares include one free), checked Oct 2026
- Maple Leaf Lounge Access
Unlimited Maple Leaf Lounge and Air Canada Café access in Canada and the US, plus one guest
- Pearson Priority Security Lane
Priority security lanes at Toronto Pearson Terminals 1 and 3 for you and your companions
- Pearson Valet and Parking Perks
Valet fee waived at Terminal 1 and 15% off Express Park and Daily Park at Toronto Pearson
Show all 6Show fewer
- Priority Check-in, Boarding and Baggage
Air Canada Zone 2 boarding, priority check-in and priority bags for you and up to 8 companions
Every flight - Priority Pass Membership
Priority Pass membership with the US$99 fee waived; each lounge visit is charged at the Priority Pass rate
Worth about US$99 per year · Priority Pass's price, Cheapest plan; lounge visits are charged on top, checked Oct 2026
Enroll first
Insurance · 11
- Emergency Medical Insurance
Out-of-province emergency medical, up to $5,000,000, first 15 days of a trip, under 65
- Trip Cancellation Insurance
Up to $1,500 per person and $3,000 per trip if you cancel for a covered reason
- Trip Interruption Insurance
Up to $1,500 per person and $6,000 per trip if a trip is interrupted or delayed
- Flight Delay Insurance
Delays or denied boarding of 4+ hours: meals, hotel and essentials up to $1,000, shared with baggage delay
Show all 11Show fewer
- Baggage Delay Insurance
Checked bag delayed 6+ hours: essentials up to $1,000, shared with flight delay
- Lost or Stolen Baggage Insurance
Bags lost, damaged or stolen in transit, up to $1,000 per trip
- Car Rental Theft and Damage Insurance
Theft or damage of a rental car valued up to $85,000, rentals of 48 days or less
- Hotel Burglary Insurance
Personal items stolen from your hotel room in a break-in, up to $1,000
- Travel Accident Insurance
Accidental death or dismemberment on a plane, train, ship or bus, up to $500,000
- Purchase Protection Plan
Accidental damage or theft of eligible items for 90 days after purchase, up to $1,000 per occurrence
- Buyer's Assurance Protection Plan
Extends the manufacturer's warranty on eligible new items by up to 1 extra year
Status
- Aeroplan Elite Status Boost
1,000 Status Qualifying Credits per $5,000 spent, up to 25,000 a year
Awards
- 4th Hotel Night Free
Every 4th night free on hotel stays redeemed with Aeroplan points
Every booking - Annual Worldwide Companion Pass
After $25,000 spent in a card year: a companion Air Canada economy ticket for a $99 to $599 base fare
Got this card? We'll tell you when to use it.
PointsMaxxing checks the store you're standing in and picks the card in your wallet that earns the most there.
Fine print
Card details are checked against public sources. Issuers change fees, offers and earn rates without notice, and the issuer's terms are the only ones that count, so check them before you apply. Approval, welcome offers and bonus points are at the issuer's discretion and aren't guaranteed. The values above are estimates based on our own point valuations and on assumptions about approval and spending, not a forecast of what you'll receive. This is general information, not financial advice, and it doesn't say whether this card suits you. We're not affiliated with or endorsed by Amex. Card and program names belong to their owners.
Details last checked Sep 25, 2026.