Amex Aeroplan Cards: New Offers for Up to 100,000 Points

After a round of exciting welcome bonuses earlier this year, American Express has lowered the offers on its suite of Aeroplan co-branded cards across the board.

While the total number of points up for grabs looks good on paper, there’s quite a bit of legwork and fees involved to unlock the full potential here.

There’s no listed expiry date for the offers, which could mean that it’ll be some time before we see a new round of welcome bonuses on all three cards.

Amex Aeroplan Reserve Card: Up to 90,000 Aeroplan Points

The American Express Aeroplan Reserve Card, Amex’s flagship premium Aeroplan co-branded card, has a current welcome bonus of up to 90,000 Aeroplan points.

The points are distributed as follows:

  • 7,500 Aeroplan points for each of the first six months in which you spend $2,000, for a total of up to 45,000 Aeroplan points
  • 5,000 Aeroplan points for adding a supplementary cardholder with an annual fee at the time of application, for a total of up to 10,000 Aeroplan points
  • 35,000 Aeroplan points upon spending $6,000 between months 13 and 16

It’s worth noting that this is perhaps the poorest offer we’ve seen on the personal Reserve card since its inception. Not only is there a lot of legwork involved to unlock the full bonus, but you’d also have to pay for two supplementary cards at the time of application, as well as the primary card’s $599 annual fee twice.

In the first year, you’d have to spend at least $2,000 each month for the first six months, which would give you the initial bonus of 45,000 points. Assuming you’d spend exactly $12,000 with the base earning rate of 1.25 Aeroplan points per dollar spent, you’d wind up with an extra 15,000 Aeroplan points through spending.

At the time of application, you’d need to add two supplementary cardholders with annual fees to get an additional 10,000 points. Each supplementary cardholder costs $199, so you’re essentially paying $398 for 10,000 Aeroplan points, which isn’t a great deal.

Keep in mind that you’ll have also to pay the annual fee for the second year, and spend $6,000 in months 13–16, to unlock a further 35,000 Aeroplan points.

We value Aeroplan points at 2.1 cents per point, which means that the 35,000 points in the second year is worth at least $731, which happens to be a bit more than the card’s annual fee of $599.

However, assuming you fulfill the minimum requirements to unlock the full welcome bonus, you’d have paid a total of at least $1,596 in annual fees for 90,000 Aeroplan points, excluding points earned through spending and assuming that you don’t pay the annual fee on the supplementary cards for the second year.

We’d value 90,000 Aeroplan points at $1,890. Therefore, while you’re still coming out ahead, it’s not by much. 

The card has an annual fee of $599, and it comes with a number of other perks, including rollover benefits, the Annual Worldwide Companion Pass, preferred pricing discounts on Aeroplan redemptions, and some compelling Amex Offers throughout the year to further offset against your annual fee.

There’s no listed expiration date for this offer.

Amex Aeroplan Business Reserve Card: Up to 100,000 Aeroplan Points

The American Express Aeroplan Business Reserve Card is offering a higher number of points than its personal counterpart, albeit with higher spending requirements. When you apply for the card through a refer-a-friend link, you’ll earn:

  • 7,500 Aeroplan points for each of the first six months in which you spend $3,000, for a total of 45,000 Aeroplan points
  • 5,000 Aeroplan points for adding a supplementary cardholder with an annual fee at the time of application, up to 10,000 Aeroplan points
  • 45,000 Aeroplan points upon spending $9,000 between months 13 and 16

As we saw with the personal card, there’s a pretty substantial spending requirement to unlock the full welcome bonus this time around, and with a tidy sum of fees to match.

You’ll need to spend at least $3,000 in each of the first six months to earn a total of 45,000 Aeroplan points, add two supplementary cardholders at the time of application for $199 each, and then make $9,000 in purchases in months 13–16 as a cardholder to fully maximize the offer.

In total, you’d need to pay $1,596 in fees over the course of two years, and have spent at least $27,000 between the first six months and months 13–16. Once again, this assumes that you don’t pay the annual fee for the supplementary cardholders for the second year.

We’d value 100,000 Aeroplan points at $2,100. Again, while you’re still coming out ahead, it’s not by a significant margin, and it requires quite a bit of work to get there.

The card comes with many of the same benefits and features as the Amex Reserve card, including the ability to earn 1,000 Status Qualifying Miles (SQM) and 1 Status Qualifying Segment (SQS) per $5,000 spent on the card. If you tend to have a high volume of spending, you can easily fast-track your way to meeting some of the requirements for Aeroplan Elite status, and then you can plan out your paid flights to satisfy the Status Qualifying Dollars (SQD) requirement in a more predictable manner.

As with the personal card, there’s no listed expiry date for this offer.

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Amex Aeroplan Card: Up to 45,000 Aeroplan Points

While the premium Aeroplan cards naturally have the highest bonuses, the Amex Aeroplan Card shouldn’t be overlooked this time around. Currently, the card is offering up to 45,000 Aeroplan points for new applicants, which could be a less expensive way to pad your Aeroplan balance, since it doesn’t come with a premium fee.

The offer on the Amex Aeroplan Card has a similar format to the bonuses on the higher-end Reserve cards, just with a lower total and without the requirement to pay for supplementary cardholders. When you apply via a refer-a-friend link, you’ll earn:

  • 3,000 Aeroplan points for each of the first 10 months in which you spend $1,000, for a total of 30,000 Aeroplan points
  • 15,000 Aeroplan points upon making a purchase between months 14 and 17 as a cardholder

In total, you’d need to spend a total of $10,000 spread out over 10 months to unlock the first part of the welcome bonus, and then simply make a purchase in months 14–17 to realize the second component.

In the first year, you’d earn 30,000 Aeroplan points through the welcome bonus alone, which we’d value at $630. With an annual fee of $120, you can get outsized value in the first year, even if it requires a relatively high amount of spending, and the second boost of points in year two could also be worth the annual fee. 

Indeed, the real appeal of the Amex Aeroplan Card is the lower annual fee, making this offer a solid choice for anyone whose credit card strategy revolves around keeping annual fees low and manageable

Furthermore, the Amex Aeroplan Card is a charge card, not a credit card. Unlike the Reserve and Business Reserve, which are credit cards, it doesn’t impact Amex’s limit of holding four credit cards per person at a time. If you’re already tight against the cap, the core Aeroplan Card might be a great way to pad your Aeroplan balance without going over your limit. 

There’s no listed expiry date for this offer, so be sure to take advantage of it sooner rather than later if it makes sense for you.

Conclusion

American Express has a new set of welcome offers on the Aeroplan co-branded credit cards. You can earn up to 100,000 Aeroplan points with the offers, which come with a fair amount of legwork and a large amount of fees.

On both of the American Express Aeroplan Reserve Card and the American Express Aeroplan Business Reserve Card, the bonuses come with onerous spending requirements that are sustained over the course of six months. You’ll also need to pay for two supplementary cardholders at the time of application, make a not insignificant amount of purchases in months 13–16, and pay the $599 annual fee twice to unlock the full bonus.

On the other hand, the American Express Aeroplan Card has a smaller welcome bonus, but it’s paired with a smaller spending requirement and a much lower annual fee. If you have your eyes on a new Amex Aeroplan card, this one arguably has the best offer at the moment.

There isn’t a listed end date for the offers, so apply at your leisure if you stand to benefit from any of the cards.

This is a recurring article, regularly updated with the latest round of offers. Some comments may refer to past offers that are no longer available.

2 Comments
  1. Paul-747

    Wow, these new Amex Canada offers are very poor. I’ll be avoiding them until they improve a lot, who knows when that will be.

  2. Reda PVG

    Hey all I have an Air Canada question hopefully someone can support.
    To make it short I booked a PVG-YOW with stop over In HKG and YYV.
    Air Canada kept making changes to some segments of my flights especially the yyv-yow segment. They send me a request to either accept the changes or choose a different flight. As I couldn’t make the changes I was hoping for online I called their Call center and they said that I can’t make changes on the entire flight but I can only make changes on the last segment which was affected by the Operational changes.
    Any advices on that ? I couldn’t find clear details on their terms and conditions.

    Thanks

    Reda

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