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American Express Aeroplan Reserve Card
travel4.6 / 5

American Express Aeroplan Reserve Card

American Express

Best for

Frequent Air Canada flyers who will use lounge access, priority services and the companion pass.

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

The premium card of choice for Air Canada regulars: lounge access, priority perks and a 150,000-point offer make the $599 fee easy to rationalize for frequent flyers.

Reward rates

Air Canada & Air Canada Vacations
3x
Dining & food delivery
2x
Everything else
1.25x

VaultNerd values these points at ~2¢ each.

Welcome bonus

~$2,200 value

Up to 150,000 Aeroplan points (limited-time offer, apply by July 28, 2026); first-year value reflects the 110,000 points earnable in year one

Requirement: Earn 70,000 points after $7,500 in purchases in the first 3 months, 40,000 more after $45,000 total in the first 12 months, plus 40,000 with a purchase in months 15-17

Pros

  • Maple Leaf Lounge access plus priority airport treatment for Air Canada loyalists
  • Highest Air Canada earn rate (3x) of any Aeroplan card
  • Massive limited-time welcome offer worth roughly $2,200 in year one

Cons

  • $599 fee plus $199 per additional card
  • Companion pass requires $25,000 annual spend
  • Lounge benefits are mostly Air Canada/Star Alliance focused

Perks

  • Air Canada Maple Leaf Lounge and Air Canada Cafe access in North America for you and a guest
  • Priority Pass access to 1,200+ lounges worldwide
  • 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
  • Up to $100 NEXUS credit every 4 years and Toronto Pearson priority security, valet and parking perks
  • 13g metal card

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 Reserve Card Review — VaultNerd” — VaultNerd, https://www.vaultnerd.com/credit-cards/amex-aeroplan-reserve, updated June 2026.

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