Great for big spenders with the highest Aeroplan earning rate on all purchases.

Annual Fee
Extra Card Fee
Card Type
Late Payment Fee
Up to 30%
Cash Advance
Balance Transfer
Personal Income
Household Income
Canadian resident who has reached the provincial age of majority.
Extended Warranty 1 year
Purchase Protection 90 days
Travel Accident $500,000
Emergency Medical Term 15 days
Trip Cancellation $1,500
Trip Interruption $1,500
Flight Delay $1,000
Baggage Delay $1,000
Lost or Stolen Baggage $1,000
Hotel Burglary $1,000
Rental Car Theft & Damage Yes

Please review your insurance certificate for details, exclusions and limitations of your coverage.

If we find your match, we’ll give you up to $25 when you refer your friends.*

American Express AeroplanPlus Platinum Card review

Want a premium Aeroplan credit card? Then take a look at the American Express® AeroplanPlus®* Platinum Card. With a rich annual fee of $499, you'll get top earn rates as well as premium perks.

Aeroplan miles earn rate

When it comes to earning Aeroplan miles, this card has a high base rate on every purchase:

  • 1.25 miles per $1 on the first $25,000 in annual spend, then
  • 1.5 miles per $1 on all other purchases.

The real advantage in this card is for big spenders because you get 1.25 Aeroplan miles per dollar spent right off the bat and then transition to 1.5 miles per dollar spent after you reach $25,000 in annual spending. If you’re spending $100,000 or more per year on your card, then it’s hard to beat the roughly 4.5% return on spending that will get you if you value Aeroplan miles reasonably at 3 cents per mile. If you fly business class, your return can go quite a bit higher.

40,000 welcome bonus miles

The welcome bonus on this card doesn't disappoint - earn 40,000 Aeroplan miles after spending $3,000 in the first 3 months.

With an Aeroplan mile worth an average of 2.5 cents when redeemed for flights, you're looking at a welcome bonus worth a total of $1,000.

What is the value of an Aeroplan mile?

So what is an Aeroplan mile worth? Flights will net you an average value of 2.5 cents each ‒ but there's a catch. You'll generally only get this value on flights within North America, or business class seats to anywhere in the world (which have an even higher value).

Why? Because Aeroplan has large taxes and fees on flights outside of these areas (unless you book the right airline). On the other hand, while taxes and fees are still pricey on business class seats, the amount you're saving far outweighs these costs. So to get maximum value, stick to these flights and areas.

Of course, there's more ways to use Aeroplan miles than just for flights. Here they are, with one mile expressed as cents per mile (CPM):

  • Air Canada gift cards – 1 CPM
  • Air Canada Vacation packages – 0.83 CPM
  • merchandise – 0.83 CPM
  • hotel stays – 0.73 CPM
  • other gift cards – 0.71 CPM
  • car rentals – 0.64 CPM

To learn everything you need to know about Aeroplan, our guide has you covered.

3 Air Canada perks

High earn rates and a large welcome bonus are great, but there needs to be more to justify the rich annual fee.

1. Annual partner ticket benefit

The best perk is the Partner ticket benefit. Redeem for an Aeroplan Fixed Mileage short-haul ticket, and you can bring someone along with you for just the taxes and fees.

That's getting a free ticket worth 15,000 Aeroplan miles.

Aeroplan number

To use it, you do have to call the Aeroplan contact centre at 1-800-361-5373 to make your booking. And while there is normally a fee to make Aeroplan reservations over the phone, they are waived when using this benefit.

2. Maple Leaf lounge access

To enjoy your time at the airport while waiting for your flight, the primary cardholder gets unlimited access to Air Canada Maple Leaf lounges. You can find Maple Leaf lounge locations here.

The card also includes a Priority Pass membership. However, while the membership fee is waived, keep in mind that each visit will cost $32 USD.

3. Toronto-Pearson benefits

Do you fly often from (or through) Toronto-Pearson airport? Then these great benefits at the airport should save you money and time:

  • free valet parking (a $25 value),
  • 15% off the regular parking rates at the express or daily parking lots,
  • 15% discount on car care service, and
  • priority security screening, so you can zip to the front of the line.

You can learn more about these benefits here.

American Express benefits

As an Amex card, it also has the usual all Amex cards gets – Front Of The Line and Amex Offers.

Amex Invites and Front Of The Line gets you access to exclusive presale and reserved tickets to the biggest concerts, giving you a leg up on seeing that next show.

And, for more savings there's Amex Offers. Get statement credits with participating merchants when you complete their offers.

11 types of insurance coverage

For purchase and travel protection, this card has you covered. Receive 11 different types of coverage. The details can be found in the insurance tab at the top of the page.

And, you'll also be covered when redeeming your miles for flights as this is an Aeroplan branded card.

3 alternatives to consider ‒ with more or less annual fees

If you're looking for an even MORE premium card, then take a look at the . No doubt the annual fee is NOT for everyone. You can also read more about this card right here.

Or, if you want to collect miles but can't handle the $499 annual fee, then take a look at either the or the our top 2 rated Aeroplan cards ‒ with more affordable annual fees.

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