travel4.3 / 5

American Express Aeroplan Business Reserve Card

American Express

Best for

Business owners who fly Air Canada often and want lounge access plus accelerated Aeroplan status.

Apply on American Express

Annual fee

$599

FX fee

2.5%

Purchase APR

21.99%

Income req.

—

Recommended credit score

780+

Approval difficulty

Hard approval

VaultNerd estimate based on the card's tier and income requirements — not an official issuer cutoff. Approval also depends on income, debt, and credit history.

Our verdict

Essentially the Aeroplan Reserve for businesses, with even faster status earning. A top pick for entrepreneurs whose travel runs through Air Canada.

Reward rates

Air Canada & Air Canada Vacations	3x
Hotels & car rentals	2x
Everything else	1.25x

VaultNerd values these points at ~2¢ each.

Welcome bonus

~$1,300 value

Up to 90,000 Aeroplan points (65,000 in year one plus 25,000 in month 13); first-year value reflects the 65,000 points

Requirement: Spend $10,500 in the first 3 months (65,000 pts), plus $3,500 in month 13 (25,000 pts)

Pros

Fastest route to Aeroplan Elite status thanks to generous SQC earning
Full premium Air Canada perk set: lounges, priority services, companion pass
Strong insurance suite for business travel

Cons

High $10,500 initial spend requirement
$599 fee plus $199 per additional card

Perks

Air Canada Maple Leaf Lounge access for you and a guest, plus Priority Pass access to 1,200+ lounges
Air Canada priority check-in, boarding and baggage handling, plus free first checked bag for up to 9 travellers
Annual Worldwide Companion Pass (base fare from $99) with $25,000 annual spend
1,000 Status Qualifying Credits per $5,000 spent (up to 25,000 SQC), the fastest SQC earn on an Aeroplan card
Up to $100 NEXUS credit every 4 years, Toronto Pearson valet/parking perks and Avis President's Club
Option to carry a balance or pay in full each month

Insurance

Travel emergency medical $5,000,000 (15 days, under age 65)
Trip cancellation $1,500 and trip interruption $1,500
Travel accident insurance $500,000
Flight delay, baggage delay and lost/stolen baggage ($1,000 each)
Rental car theft and damage (vehicles up to $85,000, 48 days)
Hotel/motel burglary $1,000
Purchase protection (90 days) and extended warranty (+1 year)

Disclaimer: This article is for informational purposes only and does not constitute financial, tax, or legal advice. Information may be simplified, incomplete, or out of date. Consult a licensed professional before making financial decisions. VaultNerd may receive compensation from partners featured on this site — this does not influence our editorial content.

Written by

The VaultNerd Team

Researching and writing about Canadian credit cards and rewards since 2026.

Cite this page

“American Express Aeroplan Business Reserve Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/amex-aeroplan-business-reserve, updated June 2026.

Sources

American Express cardholder agreement and rates & fees disclosure
VaultNerd cards database