American Express® Aeroplan®* Reserve Card

American Express® Aeroplan®* Reserve Card

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amex simply cash card

SimplyCash® Card from American Express

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American Express® Aeroplan®* Reserve Card vs SimplyCash® Card from American Express: Which one is better?


American Express® Aeroplan®* Reserve Card

American Express® Aeroplan®* Reserve Card

4


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

amex simply cash card

SimplyCash® Card from American Express

3.7


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$659.8

Air Canada Aeroplan®


First Year Bonus

$0

Air Canada Aeroplan®


Annual Fee

$599


First Year Value

$60.8

Based on $2,000/mo average spending. Calculate your rewards.

Rewards Breakdown

Annual Rewards

$311.78


First Year Bonus

$100


Annual Fee

$0


First Year Value

$411.78

$311.78 in years after

Based on $2,000/mo average spending. Calculate your rewards.

Insurance Included*

  • heart lock

    Travel Accident

    $500,000
  • extended warranty

    Extended Warranty

    1 years
  • purchase protection

    Purchase Protection

    90 days

  • lost baggage

    Lost or Stolen Baggage

    $1K
  • hourglass timer

    Baggage Delay

    $1K/person after 6 hours
  • car insurance

    Car Rental Damage & Theft

    $85K Up to 48 consecutive rental days
  • burglar

    Hotel Burglary Insurance

    $1000
  • travel accident medical

    Emergency Out of province Medical

    $5M/insured up to 15 days
  • cancel airplane

    Trip Cancellation

    $1.5K/person, $3K/trip
  • pause

    Trip Interruption

    $1.5K/person, $6K/trip
  • hourglass timer

    Flight Delay

    $1,000/person after 4 hours

Insurance Included*

  • heart lock

    Travel Accident

    Up to $100,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days or theft up to $1,000 per occurrence

Extra Benefits*

  • Amex logo

    Amex Experiences™

    Amex Experiences™ opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more

  • airplane love

    Companion Voucher

    Annual Worldwide Companion Pass from $99 to a max of $599 After spending $25,000 on your card
  • star fall

    Status lift

    Reach Aeroplan Elite™ Status sooner by earning 1,000 Status Qualifying Miles and one (1) Status Qualifying Segment for every $5,000 of net purchases
  • star fall

    Status lift

    Complimentary upgrade to Avis® President's Club
  • star fall

    Status lift

    Primary Cardholders who also hold Aeroplan Elite Status can roll over up to 200,000 Status Qualifying Miles (SQM) beyond the status level for which they’ve qualified, from the prior qualification year to qualify for status the next year.
  • star fall

    Status lift

    Primary Cardholders who also hold Aeroplan Elite Status will benefit from an extra 12 months to use eUpgrade credits, for a total of 24 months from issuance.
  • luggage

    Free first checked bag

    First checked bag is free for primary cardholder on WestJet flight and up to 8 guests
  • reward cup

    Extra points

    Earn points twice at over 150 Aeroplan partner brands and over 170 online retailers through the Aeroplan eStore
  • bed furniture

    Free Extra Night at Hotels

    Cardmembers can now get an extra night free for every 3 hotel nights redeemed with Aeroplan points.
  • border guard

    Nexus Program Rebate

    $100 every 4 years
  • airport waiting room

    Priority Travel

    At Toronto Pearson airport get benefits such as Priority Security lane, Complimentary valet, premium parking spots, priorioty taxi and limo lane and discount for parking and car care.
  • airport waiting room

    Priority Travel

    Get Priority Check-in, Priority Boarding and Priority Baggage Handling, Priority Airport Standby & Priority Airport Upgrades for you, your authorized users and up to 8 companions on the same flight (Only AirCanada)
  • alcohol cheers

    Airport Lounge - Maple Leaf and AirCanada Cafes

    Unlimited Access for you and one guest
  • alcohol cheers

    Airport Lounge - Priority Pass

    Pass only. No Complimentary visits!

Extra Benefits*

  • Amex logo

    Amex Experiences™

    Access events and special offers curated for Cardmembers with Amex Experiences™

Interest Rates*

Purchase:

21.99%1

Cash Advance:

21.99%1

Interest Rates*

Purchase:

21.992

Cash Advance:

21.992

Annual Fee*

$599

Annual Fee*

$0

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Income Required*

Min Personal Income:

N/A

Min Household Income:

N/A

Welcome Bonus*

60,000 Aeroplan® points after spending over $7,500 on your Card within the first 3 months as a new American Express® Aeroplan® Reserve Cardmember, plus 25,000 Aeroplan® points when you spend $2,500 in month 13. Current or former Cardmembers with this Card are not eligible for these offers. Other terms apply.

Welcome Bonus*

In your first 3 months as a new SimplyCash® Card from American Express Cardmember, you can earn a bonus 5% cash back on all purchases (up to $2,000 in purchases). That’s on top of your everyday cash back earn rates. That’s up to $100 in bonus cash back.

Rewards Rate*

  • 3x Aeroplan® points per $1 spent on eligible Air Canada® and Air Canada Vacations® purchases
  • 2x Aeroplan® points per $1 spent on eligible dining & food delivery purchases
  • 1.25x Aeroplan® points per $1 spent on all other purchases

Rewards Rate*

  • 2% cash back on eligible gas and grocery purchases in Canada (up to $300 cash back annually)
  • 1.25% cash back on all other eligible purchases

Loyalty Program*

Loyalty Program*

N/A

Point Redemption Options*

  • Most Optimal

    flight plane

    Aeroplan® Flights

    2.1¢ / point
  • car rental

    Car Rentals

    0.9¢ / point
  • travel - plane

    Travel

    0.825¢ / point
  • online shop

    Merchandise

    0.75¢ / point
  • gift card

    Gift Cards

    0.72¢ / point

Point Redemption Options*

Not Applicable

Is this card worth it?

If you are a frequent Air Canada traveler, having an Aeroplan card for perks like free checked bags and priority service can be very beneficial. Many financial institutions offer Aeroplan cards, but I don't believe the American Express version is the best one. Opting for another option might be better. However, the Amex card does have a very large sign-up bonus, making it a great choice for those specifically seeking that.

Is this card worth it?

The SimplyCash® Card from American Express stands out for its no annual fee and strong cash-back earning potential, offering up to $100 in statement credits within the first 10 months. What makes it even more appealing are the unique perks, such as early access to concert tickets and extra layers of security for online shopping. These extra benefits, along with the affordability, make it a strong contender for those looking for a reliable cash-back card with no annual fee. It's an excellent choice for everyday spending while still enjoying exclusive Amex advantages.

Pros

  • Generous rewards rate with up to 3 Aeroplan points per $1 spent on purchases, particularly beneficial for frequent flyers.
  • Enjoy free checked bags when flying with Air Canada, reducing travel costs.
  • Access to preferred pricing on Aeroplan flight awards, maximizing the value of your points.
  • Unlimited access to Maple Leaf lounges when flying with Air Canada, providing a more comfortable travel experience.
  • Extensive insurance coverage, including 11 types of insurance, offering peace of mind during your travels.

Pros

  • No annual fee: The card does not charge an annual fee, making it accessible and cost-effective.
  • Attractive cash-back rates: Offers a solid structure for earning cash-back on eligible purchases.
  • Exclusive Amex perks: Provides benefits such as access to concert tickets and enhanced security for online shopping.
  • Cons

    • As an American Express card, it may have limited acceptance compared to other credit cards, potentially limiting its use in some places.
    • The most valuable rewards are generally tied to Air Canada flights, which may not appeal to travelers who fly with other airlines.
    • The card comes with a high annual fee of $599, which may be a consideration for budget-conscious users.
    • The unlimited lounge access is limited to Maple Leaf Lounges and Air Canada Cafe lounges which don't have a great worldwide coverage.

    Cons

  • Annual cash-back cap: Limits the total amount of cash-back you can earn within a year.
  • Limited travel and shopping insurance: The card lacks comprehensive travel and shopping coverage compared to other premium cards.
  • American Express acceptance: Amex is not accepted as widely as Visa or Mastercard.
  • Legal


    *American Express is not responsible for maintaining or monitoring the accuracy of information on this website. 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. Check here for full details and current product information.
    1,2 If you have 2 separate missed Payments, the applicable rates for your account will be 25.99%. If you have 3 or more separate missed payments, the applicable rates will be 28.99%.

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