Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Your Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$2,000
Card Details
Based on $2,000 spending
Annual Rewards
$506.17
Air Canada Aeroplan®
First Year Bonus
$630
Air Canada Aeroplan®
Annual Fee
$120
First Year Value
$1,016.17
$386.17 in years after
Interest Rates
Cash Advance: 30% Annual*
Purchase: 30% Annual*
Annual Fee
$120
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
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.
Card Type
Category: Charge
Loyalty Program: Air Canada Aeroplan®
Our Rating
3.3/5
Voted Best Foreign Exchange Credit Card
Institution
American Express
Rewards†
- 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
American Express® Aeroplan®* Card Points Calculator
Based on $2,000 spending
Rewards Ranking
Rewards Breakdown
Air Canada
480 points
Food and drinks
6,300 points
All other purchases
17,323 points
Annual Fee
- $120
Net Annual Rewards
24,103 points
Valued at $386.17 (after fees)
Rewards Summary
Net Annual Rewards
24,103 points
Valued at $386.17 (after fees)
First Year Card Bonus
30,000 points
Valued at $630
First Year Card Value
54,103 points
Valued at $1,016.17
Point Redemptions
Redemptions Chart
Transfer to Airline Partners
$1,016.17
Travel
$326.35
Gift Cards
$280.36
Insurance & Benefits†
Insurance
Coverage
Flight Delay
$500 (Aggregated with Baggage Delay)Baggage Delay
$500 (Aggregated with Flight Delay)Hotel Burglary Insurance
$500Travel Accident
$500,000Car Rental Damage & Theft
$85K, up to 48 daysPurchase Protection
90 days, $1,000 per occurrenceExtended Warranty
1 year
Benefits
Details
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®* flightsStatus lift
Reach Aeroplan Elite™ Status sooner by earning Status Qualifying Miles and Status Qualifying Segments with purchases made on your accountFree Extra Night at Hotels
Receive an extra night free for every 3 hotel nights redeemed with Aeroplan pointsAmex 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 homeExtra points
Earn points twice at over 150 Aeroplan partner brands
Pros & Cons
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.
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.