American Express® Aeroplan®* Card

American Express® Aeroplan®* Card

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AmericanExpress Platinum Card

American Express Platinum Card®

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American Express® Aeroplan®* Card vs American Express Platinum Card®: Which one is better?


American Express® Aeroplan®* Card

American Express® Aeroplan®* Card

3.3


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

AmericanExpress Platinum Card

American Express Platinum Card®

4.5


RECOMMENDED CREDIT SCORE*

300
Poor
560
Fair
660
Good
725
Very Good
760
Excellent

Rewards Breakdown

Annual Rewards

$517

Air Canada Aeroplan®


First Year Bonus

$630

Air Canada Aeroplan®


Annual Fee

$120


First Year Value

$1,027

$397 in years after

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

Rewards Breakdown

Annual Rewards

$581.26

American Express Membership Rewards


First Year Bonus

$0

American Express Membership Rewards


Annual Fee

$799


First Year Value

-$217.74

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

Insurance Included*

  • hourglass timer

    Baggage Delay

    $500 (Aggregated with Flight Delay)
  • car insurance

    Car Rental Damage & Theft

    $85K, up to 48 days
  • heart lock

    Travel Accident

    $500,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    90 days, $1,000 per occurrence
  • burglar

    Hotel Burglary Insurance

    $500
  • hourglass timer

    Flight Delay

    $500 (Aggregated with Baggage Delay)

Insurance Included*

  • hourglass timer

    Baggage Delay

    $1,000
  • car insurance

    Car Rental Damage & Theft

    Yes
  • heart lock

    Travel Accident

    $500,000
  • extended warranty

    Extended Warranty

    1 year
  • purchase protection

    Purchase Protection

    120 days
  • burglar

    Hotel Burglary Insurance

    $1000
  • hourglass timer

    Flight Delay

    $1,000

  • lost baggage

    Lost or Stolen Baggage

    $1,000
  • travel accident medical

    Emergency Out of province Medical

    15 days
  • cancel airplane

    Trip Cancellation

    $2,500
  • pause

    Trip Interruption

    $2,500

Extra Benefits*

  • star fall

    Status lift

    Reach Aeroplan Elite™ Status sooner by earning Status Qualifying Miles and Status Qualifying Segments with purchases made on your account
  • reward cup

    Extra points

    Earn points twice at over 150 Aeroplan partner brands

  • luggage

    Free first checked bag

    Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada®* flights
  • bed furniture

    Free Extra Night at Hotels

    Receive an extra night free for every 3 hotel nights redeemed with Aeroplan points
  • Amex logo

    Amex Experiences™

    Amex Experiences™: From music and movies, to specially curated dining and online shopping opportunities, stay connected with all that we have to offer from the comfort of your own home

Extra Benefits*

  • star fall

    Status lift

    Upgrade to Hilton Honors Gold Status
  • star fall

    Status lift

    Upgrade to Marriott BonvoyTM Gold Elite status
  • reward cup

    Extra points

    Earn 2 points on Amex Travel Online purchases and extra points on American Express offers

  • gavel

    Trip and legal Assistance

  • concierge

    Concierge Services

  • Amex logo

    American Express® Experiences

  • travel

    Travel Credit

    $200
  • food location

    Dining Credit

    $200 at Select Restaurants
  • border guard

    Nexus Program Rebate

    $100 statement credit every 4 years
  • alcohol cheers

    Airport Lounge - American Express Global Lounge

    Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1,400 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
  • hotel

    Complimentary Hotel Benefits

    Hotels booked American Express Travel
  • airport waiting room

    Priority Travel

    At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park

Interest Rates*

Purchase:

30% Annual1

Cash Advance:

30% Annual1

Interest Rates*

Purchase:

21.99% - 30%2

Cash Advance:

21.99% - 30%2

Annual Fee*

$120

Annual Fee*

$799

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*

Earn 30,000 Aeroplan® points after spending $3,000 in purchases on your Card within the first 3 months. Plus, earn an additional 10,000 Aeroplan® points when you spend $1,000 in purchases in month 13.

Welcome Bonus*

New Platinum® Cardmembers, earn 100,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first 3 months of Cardmembership. Plus, earn 40,000 points when you make a purchase between 14 and 17 months of Cardmembership. Offer ends Jan 28, 2025.

Rewards Rate*

  • 2x Aeroplan® points on eligible purchases made directly with Air Canada®* and Air Canada vacations®*
  • 1.5x Aeroplan® points on eligible Dining and Food Delivery purchases in Canada
  • 1x Aeroplan® point on everything else

Rewards Rate*

  • 2x points per $1 spent on eligible dining & food delivery purchases (restaurant, fast food, coffee shop, food delivery)
  • 2x points per $1 spent on eligible travel purchases (flights, hotels, tours and more)
  • 1x point per $1 spent for all other purchases

Point Redemption Options*

  • online shop

    Merchandise

    0.75¢ / point
  • gift card

    Gift Cards

    0.72¢ / point

  • Most Optimal

    flight plane

    Aeroplan® Flights

    2.1¢ / point
  • car rental

    Car Rentals

    0.9¢ / point
  • travel - plane

    Travel

    0.825¢ / point

Point Redemption Options*

  • gift card

    Gift Cards

    0.765¢ / point
  • online shop

    Merchandise

    0.63¢ / point

  • Most Optimal

    plane

    Transfer to Airline Partners

    2.1¢ / point
  • travel - plane

    Fixed Point Travel Program

    1.66¢ / point
  • hotel

    Transfer to Hotel Partners

    1.66¢ / point
  • cash coins

    Statement Credits (Cash)

    1¢ / point
  • amazon logo

    Amazon.ca

    0.7¢ / point

Is this card worth it?

This card comes with the free checked bag benefit, which can save hundreds on a single trip for you and your family, more than making up for the annual fee of the card. In addition, the card helps you reach the next Aeroplan Status faster with spending on the card. However, if you don't have a specific use for these two benefits, there are many better cards in terms of benefits and rewards.

Is this card worth it?

If you're a frequent traveler, the Platinum card is an excellent choice. It's highly recommended for its extensive travel benefits, including unlimited lounge access for you and a guest at the American Express Lounge collection, making it the best card for lounge access in Canada. The card also offers unique perks not commonly found with other Canadian cards, such as status upgrades at Marriott Bonvoy and Hilton, dining and travel credits, concierge service, airport benefits, Nexus application reimbursement, and more. These benefits can more than offset the annual fee. However, if you don't travel often or are mainly looking for a card that maximizes rewards, this card may not be the best option for you.

Pros

  • Free checked bag benefit: Every checked bag might cost you $60 - $100 per person on a round trip. The amount you can save in a year if you travel a few times or travel with a few companions can easily be much higher than the annual fee of the card.
    If you are interested in a higher Aeroplan Status, the card helps you get there faster.

Pros

  • Offers more perks than any other credit card in Canada, catering to premium users who value extensive benefits.
  • Enjoy $400 in annual travel and dining credits, which can offset some of the card's cost.
  • Gain unlimited access to over 1,400 airport lounges worldwide, enhancing your travel experience.
  • Multiple options for redeeming points for high value, giving you flexibility in how you use your rewards.
  • Includes 11 types of insurance coverage, offering comprehensive protection for cardholders.

Cons

  • The main reward category is only for Air Canada purchases. Unless you are a frequent Air Canada traveler, this reward category is not useful to most people.
  • The only other rewards category offered is for food, and it doesn't offer that high of a reward rate either.
  • In terms of insurance benefits, the types and coverage amounts provided are lower compared to other cards with a similar annual fee.

Cons

  • As with other American Express cards, it may have lower acceptance in some locations compared to other networks.
  • The high annual fee of $799 may be a barrier for some users, especially those who do not fully utilize the card's benefits.
  • Some benefits are limited to specific airports and hotels.

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 As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges.
2 This Charge Card requires full payment of the Due in Full balance each month, with a 30% interest rate on late payments. The Flexible Payment Option balance has a 21.99% interest rate, which increases to 25.99% after two missed payments and 28.99% after three or more within 12 months. A 21-day interest-free grace period applies to new transactions if the full balance is paid by the due date.

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