American Express AeroplanPlus Gold Card

Last updated on: August 28, 2020
  • 15,000 Aeroplan miles
  • $120 Annual fee
Best offer is available publicly
Signup bonus:
15,000 Aeroplan miles upon meeting minimum spending
Minimum spending:
$1,500 in the first three months
Annual fee:
$120
Earning rate:
1 Aeroplan mile per dollar spent on the first $10,000 in purchases annually
1.25 Aeroplan miles per dollar spent over $10,000 in purchases annually
Insurance:
Good

This card is currently closed to new applications. As of November 8, 2020, this card will be rebranded as the American Express Aeroplan Card, along with all-new benefits to coincide with the new Aeroplan loyalty program.
 
Read more about the new Aeroplan credit cards by American Express.

The Bonuses

As American Express’s mid-range Aeroplan co-branded credit card, the American Express AeroplanPlus Gold Card currently offers 15,000 Aeroplan miles as a signup bonus upon spending $1,500 in the first three months. The card has an annual fee of $120.

According to the Aeroplan Reward Chart, 15,000 Aeroplan miles would be enough for a round-trip short-haul within North America in economy class. You could also use the miles towards a larger redemption, such as a round-trip long-haul within North America in economy class for 25,000 miles or an Aeroplan Mini-RTW in business class starting at 150,000 Aeroplan miles.

We’ve seen better offers from this product in the past; however, it’s been a very, very long time. The last elevated offer of 30,000 Aeroplan miles + First Year Free ended in September 2014.

Nowadays, the standard offer of 15,000 Aeroplan miles for a $120 isn’t bad, but isn’t outstanding either; indeed, the comparable American Express Gold Card is a much more attractive option, since its signup bonus of 30,000 MR points can be converted to Aeroplan at a 1:1 ratio. I’d only recommend applying for this card if you’ve already exhausted the better options on the market for earning Aeroplan miles.

This Amex AeroplanPlus Gold also allows you to add two supplementary cardholders for free; any additional supplementary cards will be $50 apiece.

Earning Rewards

In terms of the returns on everyday spending, the American Express AeroplanPlus Gold Card has a very unique structure, offering cardholders:

  • 1 Aeroplan mile per dollar spent on the first $10,000 of purchases annually
  • 1.25 Aeroplan miles per dollar spent on purchases over $10,000 annually

There aren’t many credit cards in Canada offering an “accelerator” on the earning rate after reaching a certain spending threshold, so the AeroplanPlus Gold is quite unique in this regard.

However, it’s debatable whether or not it’s worthwhile to spend $10,000 per year at the base 1x rate to unlock the accelerator, especially since there are so many other cards on the market whose minimum spending requirements you could unlock with $10,000 in spend.

Even if you do end up earning 1.25x Aeroplan miles on purchases over $10,000 annually, you could achieve the same outcome via the American Express Business Platinum Card, which gives you 1.25x MR points on all purchases (starting from your first purchase) and then allows you to transfer those MR points over to Aeroplan at a 1:1 ratio.

For me, the earning structure on the Amex AeroplanPlus Gold doesn’t make it worth going out of my way to apply for at this time.

Insurance Coverage

The Amex AeroplanPlus Gold’s insurance proposition is decent, but not outstanding. Some of the provisions that it does cover include:

  • Delayed and lost baggage insurance: Up to $1,000 overall coverage per insured person towards the purchase of essentials such as clothes and toiletries if your baggage is delayed more than 6 hours or lost.
  • Flight/trip delay insurance: Up to $500 in coverage if your flight/trip is delayed more than 4 hours.
  • Auto rental collision/loss damage insurance: Coverage for up to 48 consecutive days, which can help you save on the insurance fees that the car rental company would otherwise charge.

It’s important to note that these benefits would also apply on Aeroplan reward tickets, as long as you charge the taxes and fees of your booking to your TD Aeroplan Visa Platinum.

However, the card does not offer emergency medical insurance or trip cancellation & trip interruption insurance, which are two very significant benefits that you’ll find on many of the higher-end products out there.

Additionally, the card also offers Purchase Security and Extended Warranty Protection, covering most eligible items you’ve purchased with your card should they be stolen or damaged within 90 days of purchase, as well as a doubled warranty period compared to the manufacturer’s warranty.

Apply Now

The American Express AeroplanPlus Gold Card does not have a minimum income requirement to be eligible. If you're interested in this card, you can follow the below link to apply.

Ricky

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