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American Express Aeroplan Business Reserve Card

Last updated: August 4, 2021
  • 90,000 Aeroplan points + Buddy Pass
  • $2,425 First-year value
Best offer is available publicly or via a referral link
Signup bonus:
30,000 Aeroplan points upon spending $5,000 in the first three months
5,000 Aeroplan points for each of the first 12 months in which you spend $2,000
Total of 90,000 Aeroplan points
Air Canada Buddy Pass upon meeting minimum spending, convertible into 30,000 Aeroplan points
Annual fee:
$599 annual fee
Earning rate:
3 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations
2 Aeroplan points per dollar spent on hotels and car rentals
1 Aeroplan point per dollar spent on everything else
Referral bonus:
10,000 Aeroplan points
Perks & benefits:
Priority check-in, boarding, and free first checked bag on Air Canada flights
Maple Leaf Lounge access within North America
Priority airport services at YYZ
Preferred pricing on Air Canada flights
Insurance:
Strong

Bonuses & Fees

As American Express’s high-end Aeroplan co-branded credit card for small businesses, the American Express Aeroplan Business Reserve Card currently offers 90,000 Aeroplan points and an Air Canada Buddy Pass (convertible into 30,000 Aeroplan points) as part of its signup offer.

The bonus is distributed as follows:

  • 30,000 Aeroplan points and an Air Canada Buddy Pass upon spending $5,000 within the first three months
  • 5,000 Aeroplan points in each of the first 12 months when you spend $2,000, up to a total of 60,000 Aeroplan points

You can refer friends and family from the Aeroplan Business Reserve Card to Aeroplan Business Reserve Cards or Aeroplan Reserve Cards of their own, earning a referral bonus of 10,000 Aeroplan points each time, up to a maximum of 150,000 Aeroplan points in a calendar year.

The card has an annual fee of $599, and you can add supplementary cardholders for $199 apiece.

Earning Rewards

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

  • 3 Aeroplan points per dollar spent on Air Canada and Air Canada Vacations
  • 2 Aeroplan points per dollar spent on hotels and car rentals
  • 1 Aeroplan point per dollar spent on everything else

Whether or not you find value in the earning rates will depend on your spending patterns and how well they fit with the bonus categories.

The 3x earn rate on Air Canada makes this the ideal card when purchasing cash fares on Air Canada or any of its codeshare partners, and the 2x earn rate on dining and food delivery is also the highest among all the Aeroplan-branded cards.

However, earning 1 Aeroplan point per dollar spent on all other purchases is not appealing at all compared to, say, the 1.25x MR points (which can be transferred to Aeroplan at a 1:1 ratio) that you’d get on the Business Platinum Card instead.

Perks & Benefits

As Air Canada’s premium small business travel credit card, the American Express Aeroplan Business Reserve Card leans in heavily on the Air Canada travel benefits:

  • Priority boarding, priority check-in, and a free first checked bag on all Air Canada flights, for the primary and supplementary cardholders
  • Complimentary visits to Air Canada Maple Leaf Lounges within North America, for the primary and supplementary cardholders
  • Preferred pricing when redeeming Aeroplan points for Air Canada flights
  • The ability to earn 1,000 Status Qualifying Miles (SQM) and 1 Status Qualifying Segment (SQS) for every $5,000 you spend on the card
  • The ability to rollover up to 50,000 SQMs and 20 eUpgrades per year
  • The ability to earn an Annual Worldwide Companion Pass after spending $25,000 on the card per year
  • Your Aeroplan points won’t expire for as long as you’re a cardholder

In addition to the Air Canada benefits, the card also offers some travel benefits via American Express, such as priority benefits (valet parking, fast track security, etc.) at Toronto Pearson International Airport.

Insurance Coverage

As a high-end product, the American Express Aeroplan Business Reserve Card excels in the insurance department. Some examples of its strong coverage include:

  • Emergency medical insurance: Up to $5 million of coverage for the first 15 days of your out-of-province trip, for travellers aged under 65.
  • Delayed and lost baggage insurance: For delayed baggage, up to $1,000 of coverage per insured person if delayed more than 4 hours. For lost or stolen baggage, up to $1,000 of coverage total.
  • Flight delay insurance: Up to $1,000 in coverage if your flight/trip is delayed more than 4 hours
  • Trip cancellation / trip interruption insurance: for Trip Cancellation, up to $1,500 of coverage per insured person, with a maximum of $3,000 for all insured persons, and for Trip Interruption, up to $1,500 of coverage per insured person, with a maximum of $6,000 for all insured persons on the same covered trip.
  • Auto rental collision/loss damage insurance: Comprehensive coverage for up to 48 consecutive days for cars with an MSRP of up to $85,000, 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 American Express Aeroplan Business Reserve Card.

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 an extended one-year warranty period compared to the manufacturer’s warranty.

Apply Now

There is no minimum income requirement for this card. You can qualify for an American Express small business card as a sole proprietor, doing business under your own name.

You'll earn the best available signup bonus of 90,000 Aeroplan points and an Air Canada Buddy Pass if you apply either via the public offer or using a referral link. Consider supporting Prince of Travel by applying for the card via our referral link below.