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The American Express® AeroplanPlus® cards have long been considered the fastest Aeroplan earning cards in Canada. Amex Canada, recently announced an enhanced welcome bonus opportunity on American Express® AeroplanPlus®* Reserve Card  and the American Express® AeroplanPlus®* Platinum Card . The conversations about these premium cards usually start with the high annual fees, but quickly shift focus to the generous benefits and if they are really worth the high annual fees. I thought it would be a good idea to breakdown the true value of the benefits that come with both these cards, and answer the age old question – Is it really worth it?

American Express® AeroplanPlus®* Reserve Card Apply Now

Before we dive into the valuation, here us a quick glance at the annual fee and the benefits;

American Express® AeroplanPlus®

  • Annual Fee: $899
  • Welcome Bonus: 50,000 Aeroplan miles (with $3,000 spend in 3 months) AND a $200 Air Canada eGift Card (with $6,000 spend in 6 months)
  • Key Benefits:
    • $200 Annual Travel Credit for any flights, car rentals, hotels charged to the Card when booked through American Express Travel Services
    • Annual Partner Ticket for a short-haul or long-haul roundtrip (Fixed Mileage Flight Reward, up to 25,000 Aeroplan Miles)
    • Unlimited access to the Air Canada Maple Leaf Lounges where available, and Priority Pass lounges
    • Complimentary first checked bag on flights operated by Air Canada, Air Canada Rouge® and under the Air Canada Express® banner (max. 5 bags annually)
    • Complimentary valet service and 15% discount on parking rates at YYZ
    • Access to Pearson Priority security lane at Terminals 1 and 3 at YYZ
  • Earning Rate:
    • 1.25 Aeroplan miles for evey $1 charged to the Card
    • 2 Aeroplan miles every $1 of eligible Air Canada purchases
  • Other Benefits:
    • Comprehensive Travel and shopping Insurance coverage
    • Complimentary Hertz Gold Plus Rewards Membership

Detailed list of benefits and perks of the card are listed here

Annual Fee of $899 – Is it worth it?

Everyone values miles and points differently, for the purposes of this valuation I am going with my personal valuation of Aeroplan mile at 1.8 cents per mile.

Based on my personal valuation (in CAD);

Welcome Bonus: $900 (50,000 x 1.8)
Air Canada eGift Card: $200
Annual Travel Credit:
$200
Annual Partner Ticket: $450 (25,000 x 1.8) 
Unlimited Maple Leaf Lounge Access:
 $375 (Maple Leaf Club North America Plus)
Complimentary First Checked Bag: $125 (5 x $25)

Total Value: $2250

Now, is it worth it? Absolutely yes! American Express® AeroplanPlus®* Reserve Card is definitely a card for a high spending frequent traveler that can leverage the higher earning rates and the several travel benefits that accompany the card.

 

American Express® AeroplanPlus®* Platinum Card Apply Now

Before we dive into the valuation, here us a quick glance at the annual fee and the benefits;

American Express® AeroplanPlus®

  • Annual Fee: $499
  • Welcome Bonus: 40,000 Aeroplan miles (with $3,000 spend in 3 months) AND a $150 Air Canada eGift Card (with $6,000 spend in 6 months)
  • Key Benefits:
    • Annual Partner Ticket for a short-haul roundtrip (Fixed Mileage Flight Reward, up to 15,000 Aeroplan Miles)
    • Unlimited access to the Air Canada Maple Leaf Lounges where available, and Priority Pass lounges.
    • Complimentary valet service and 15% discount on parking rates at YYZ
    • Access Pearson Priority security lane at Terminals 1 and 3 at YYZ
  • Earning Rate:
    • 1.25 Aeroplan miles for every $1 charged to the Card, up to $25,000
    • Accelerate to 1.5 Aeroplan miles for every $1 charged to the Card, above $25,000 annually
  • Other Benefits:
    • Comprehensive Travel and shopping Insurance coverage

Detailed list of benefits and perks of the card are listed here

Annual Fee of $499 – Is it worth it?

Again, everyone values miles and points differently. For the purposes of this valuation I am going with my personal valuation of Aeroplan mile at 1.8 cents per mile.

Based on my personal valuation (in CAD);

Welcome Bonus: $720 (40,000 x 1.8)
Air Canada eGift Card: $150
Annual Partner Ticket: $270 (25,000 x 1.8) 
Unlimited Maple Leaf Lounge Access:
 $375 (Maple Leaf Club North America Plus)

Total Value: $1515

Is it worth it? Sure is! American Express® AeroplanPlus®* Platinum Card is a card for a frequent traveler that’s looking to fast track their Aeroplan earning while leveraging premium travel benefits that accompany the card.