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Mr. Loonie
American Express® Aeroplan® Business Reserve Card

American Express® Aeroplan® Business Reserve Card

6.6
Fair
Expert Score · 5 reviews How we score

Best for: Business owners who fly Air Canada often and want Maple Leaf Lounge access

Your spending a month
What’s in each?
Solo:
Office supplies $100, shipping $50, phone and internet $150, software $150, online ads $200, gas $250, restaurants $200, travel $250, everything else (base rate) $1,050, foreign currency $100
Small team:
Office supplies $250, shipping $200, phone and internet $300, software $400, online ads $600, gas $500, restaurants $400, travel $400, everything else (base rate) $2,650, foreign currency $300
Growing:
Office supplies $500, shipping $600, phone and internet $600, software $1,000, online ads $2,000, gas $1,000, restaurants $800, travel $1,200, everything else (base rate) $6,300, foreign currency $1,000
Year one
$2,901
Every year after
$1,601

Ranked #3 of 27 business cards for year one. See the list

See how we worked it out
Welcome offer you’d get
$1,300
All of year one’s offer. Up to 90,000 Aeroplan points.
Annual fee
$599 a year
Apply now on American Express’ site (opens in a new tab)
We may get paid if you apply through this link. It never changes our score.

Have this card?

Details from American Express’ site. Banks can update terms at any time, so give them a quick look before you apply. Source

Is it for me? What you’d earn Welcome offer Can I get it? Fees Similar cards
2 quick questions

Is it for me?

Do you spend $850 or more a month on flights?

Do you pay your card off in full most months?

Answer the 2 questions to see if it fits.

From the numbers

The good and the bad

Stands out

  • Good: 3 points per $1 on flights At our value for these points, that’s about 6% back.
  • Good: Welcome offer up to 90,000 Aeroplan points About $1,800 at our value for these points.

Watch for

  • Watch for: $599 a year You need about $850 a month on flights to earn it back.
  • Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.

Worked out from the card’s rates and fees.

Show your work

What you’d earn

With small team spending of $6,000 a month.

Aeroplan points valued at 2¢ each.

  • Office supplies $75
    1.25 points per $1 · 2.5% back $250 a month · 3,750 Aeroplan points a year
  • Shipping $60
    1.25 points per $1 · 2.5% back $200 a month · 3,000 Aeroplan points a year
  • Phone and internet $90
    1.25 points per $1 · 2.5% back $300 a month · 4,500 Aeroplan points a year
  • Software $120
    1.25 points per $1 · 2.5% back $400 a month · 6,000 Aeroplan points a year
  • Online ads $180
    1.25 points per $1 · 2.5% back $600 a month · 9,000 Aeroplan points a year
  • Gas $150
    1.25 points per $1 · 2.5% back $500 a month · 7,500 Aeroplan points a year
  • Restaurants $120
    1.25 points per $1 · 2.5% back $400 a month · 6,000 Aeroplan points a year
  • Travel $120
    1.25 points per $1 · 2.5% back $400 a month · 6,000 Aeroplan points a year
  • Everything else $795
    1.25 points per $1 · 2.5% back $2,650 a month · 39,750 Aeroplan points a year
  • Foreign currency $90
    1.25 points per $1 · 2.5% back $300 a month · 4,500 Aeroplan points a year
For you Year one Later years
Points you earn90,000 Aeroplan points a year, at 2¢ each $1,800 $1,800
Welcome offer65,000 Aeroplan points you’d reach $1,300 $0
Annual fee −$599 −$599
Foreign currency fee2.5% on $3,600 a year −$90 −$90
Lounge visits4 visits at $45 $180 $180
Travel medical insurance2 trips at $50 $100 $100
Rental car damage cover2 rentals of 3 days at $35 a day $210 $210
Total $2,901 $1,601

Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.

What counts in each category
Flights
3 points per $1 Bought directly from Air Canada, including Air Canada Vacations
Hotels
2 points per $1 Hotels and car rentals
Everything else (base rate)
1.25 points per $1
  • Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $5,000 in eligible net purchases charged to your Card.
  • Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date.
How Aeroplan points work, and why 2¢

We count Aeroplan points at 2¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.7¢ to 6¢.

We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.

These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.

Checked on Nov 8, 2026. Source

Welcome offer

Can your spending get the full offer?

At $6,000 a month, here’s when you’d reach each step.

  1. 1

    65,000 Aeroplan points · about $1,300

    Spend $10,500 in your first 3 months.

    You’d reach it in month 2.

    • On purchases within the first 3 months.
    • Plus, earn an additional 25,000 points when you spend $3,500 in month 13
  2. 2

    25,000 Aeroplan points · about $500

    Keep the card for a year.

    • spend $3,500; in month 13

Offer end date not published.

Offer checked on Nov 8, 2026. Source

Before you apply

Can I get it?

  • Age 18 or older 19 or older in BC, NB, NL, NS and the territories
  • Where you live Canada
  • Credit score No minimum on record Most banks don’t publish one, and we don’t guess.

Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.

What critics say

Other reviewers on this card

6.6
Fair
Expert Score How we score
  • Yore Oyster (opens in a new tab) Jun 2023

    “American Express Aeroplan Business Reserve Card is an excellent companion to get perks and benefits while travelling. You can earn points in many ways, which is advantageous, so you can get back rewards when you accumulate enough points. However, there might be cards that offer better rewards than this one, but that will depend on how you use them.”

  • Rewards Canada (opens in a new tab) Nov 2022

    “If Air Canada and Aeroplan are your go to airline and loyalty program and you operate a business – big or small this is the card to consider getting. With strong points earn rates, amazing benefits and a full suite of insurance coverage this card has you covered. You’ll access Maple Leaf lounges in major Canadian cities and several US cities, get priority boarding and more. Basically you are getting elite status benefits without the need for being an elite status member. And think of the card as a nice perk if you add additional cards for your trusted employees who are also flying Air Canada. They’ll enjoy free checked bags, Maple Leaf Lounge access and Priority Air Canada services. A little can go a long way and at only $199 for each additional card it can be a very worthwhile business expense to keeping your employees happy.”

  • PointsWise (opens in a new tab) Sep 2022

    “The benefits the Aeroplan Business Reserve Card far outweigh the annual fee. If you’re a frequent flier with loyalty to Air Canada or its Star Alliance partners, you’ll be able to take advantage of unlimited lounge access.”

  • MoneyGenius (opens in a new tab) Aug 2021
    3.8

    “If you’re a business owner who always finds themselves on an Air Canada flight, the Amex Aeroplan Business Reward Card may be an extremely valuable tool for your wallet. You’ll get premium benefits while flying on Air Canada, including priority services and free lounge access. Earning up to 3 Aeroplan points per $1 spent doesn’t hurt either. But you’ll have to shell out a hefty $599 every year you have the card, and the bonus earn rate categories aren’t really your standard “everyday” purchases. You’ll likely be earning 1.25 points per $1 on most of the things you buy.”

  • Finder (opens in a new tab) Jan 2021

    “Lets you earn Aeroplan points whenever you spend money on your credit card. It comes with a host of travel and airport benefits including a free companion pass, priority services at the airport, lounge access and comprehensive travel insurance. Just keep in mind that this card comes with an annual fee of $599 which is much higher than a typical credit card.”

What cardholders say

Ratings from people with this card

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Insurance and perks

What comes with it

  • Car rental damage Included
  • Extended warranty Included
  • Purchase protection Included
  • Travel accident Included
  • Trip cancellation Included
  • Trip interruption Included
  • Travel medical $5,000,000 per person
  • Flight delay Included
  • Baggage delay Included
  • Lost baggage Included
  • Hotel burglary Included
  • Lounges: Maple leaf Unlimited visits
  • Enjoy access to select Air Canada Maple Leaf Lounges and Air Canada Cafes in North America
  • Priority Airport Check-In, Priority Boarding, and Priority Baggage Handling when you fly with Air Canada
  • Get prioritized on the standby waitlist for an Air Canada flight and higher priority when you request an eUpgrade
  • Free First Checked Bag
  • Expedited Security Lane
  • Get complimentary valet service at the Express Park and Daily Park at Toronto Pearson International Airport
  • Get 15% off parking rates at the Express Park and Daily Park at Toronto Pearson International Airport
  • Get 15% off Car Care Services at Toronto Pearson International Airport
  • Reach Elite Status Faster
  • Trip Cancellation Insurance
  • Trip Interruption Insurance
  • Flight Delay Insurance
  • Baggage Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Hotel Burglary Insurance
  • Employee Card Misuse Protection
  • Free Uber Pass Membership for 12 months
Coverage limits

We haven’t recorded the coverage limits for this card yet. Read American Express’ insurance certificate before you count on any coverage.

Not included

Not listed for this card: mobile device.

Fees and interest

What it costs

Annual fee
$599 a year
Purchase interest
21.99%
Cash advance interest
21.99%
Foreign currency fee
2.5%
All fees and rates

Fees

Extra cards
$199
Cash advance fee
$2.75
Over-limit fee
$29
Late payment fee
None
Source
Issuer page

Interest rates

Source
Issuer page

Read the card terms and conditions for the full terms.

Checked on Nov 8, 2026. Source

Before you decide

Similar cards for the same spending

With small team spending. This card: $2,901 year one, $1,601 every year after.

See all cards ranked for your spending

Some of these links pay us when you apply, at no extra cost to you. Most don’t, and pay never changes our score. How we make money

Common questions

Questions people ask

What is the annual fee on the American Express® Aeroplan® Business Reserve Card?

$599 a year. Each extra card costs $199.

How much is the American Express® Aeroplan® Business Reserve Card welcome offer worth?

Up to 90,000 Aeroplan points, about $1,800. You get it in 2 steps: 65,000 Aeroplan points after you spend $10,500 in the first 3 months; 25,000 Aeroplan points on your first card anniversary.

Does it charge a foreign transaction fee?

Yes, 2.5% on purchases in other currencies.

What is the interest rate?

21.99% on purchases. Cash advances are 21.99%.

Does it include insurance?

It lists extended warranty, purchase protection, trip cancellation insurance and trip interruption insurance. Read the insurance certificate for the limits.

Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.

Spot something wrong? We’ll check it with the bank. Suggest a correction

Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.

Mr. Loonie is independent and supported by affiliate links. We may earn a commission when you apply through some links, at no cost to you. How we make money

$2,901
year one for you
Apply now on American Express’ site (opens in a new tab)
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