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Performance test results

At DollarWise, for each credit card we test 7 different factors including the rewards, value for money, perks, insurance, strengths and weaknesses of the card.

You can see our full testing methodology here to learn why we're the most trusted source for credit card reviews.

The {{card.name}} has earned a {{ranking}} DollarWise Rating out of 5. This score is based on a weighted average of the two highest scoring factors (excluding acceptance and approval).

The highest scoring categories for the {{card.name}} are {{score_1}} and {{score_2}}.

These factors are weighted 70% to the highest scoring factor and 30% to the second highest score to get an overall review score.

This weighting allows us to judge cards on their merits and the customers they are designed for.

For the {{card.name}} the most important factors for scoring this card are its {{score_1}} and {{score_2}}.

Rewards

With the {{card.name}}, here's the rates at which you earn rewards for different spending categories per dollar you spend:

Calculating your annual rewards

We estimate that spending {{monthlyspend}} per month with the {{card.name}} would earn {{card.rewards}} in rewards over the year.

Our performance testing research uses an accurate estimation of the average Canadian households spending patterns to predict the rewards a card will earn.

We found that you'd earn this per category:

Our study investigating the value found that each dollar spent on the {{card.name}} is worth up to {{card.max_reward}}, depending on how you redeem.

This {{card.rewards}} in rewards value puts the {{card.name}} in the {{decile.annual_rewards}} of credit cards in Canada based on rewards earned.

The average credit card in our database earns {{averages.mean_annual_rewards}} in rewards for the same spend that the {{card.name}} earns {{card.rewards}} in rewards value.

We can compare this card to other options by looking at the earn rate by category.

This earn rate is the percentage return that you would get when you spend on this card, assuming you redeem at the predicted maximum value.

For example, if a card earned 5 points per dollar on gas and each point is worth up to $0.02, then the earn rate is 5 points multiplied by $0.02 each, divided by the dollar you spent.

In this example, that's a 10% earn rate on gas.

For an annual spend of {{annualspend}}, we estimated annual rewards value at up to {{total_net_rewards}}.

That's equivalent to a {{total_earn_rate}} return on spending.

The {{card.name}} has an annual fee of {{card.annualFee}}. After deducting this, we predicted net annual rewards of {{net_after_fee}}.

This puts it in the {{decile.net_annual_rewards}} of credit cards for net rewards after fees.

In comparison, the average card earns net annual rewards of {{averages.mean_net_annual_rewards}}.

Fees

The {{card.name}} has a {{card.annualFee}} annual fee.

The average card charges {{averages.mean_annual_fee}}. So, the {{card.name}} is in the {{decile.annual_fee}} of cards based on the cost of the annual fee.

Perks

We manually review the perks of each credit card to determine how they compare to other cards.

The {{card.name}} scored a {{factor_score_perks}} out of 5 for perks, putting it in the {{decile.factor_score_perks}} of cards.

The average card scores {{averages.mean_factor_score_perks}} out of 5 for perks.

Interest Rates

The average (median) credit card has a purchase interest rate of {{averages.median_purchase_interest_rate}} and so the {{card.name}} charges {{purchase_interest_diff}} than the average.

For cash advances it costs {{cash_advance_interest_rate}}% compared to the average of {{averages.mean_cash_advance_interest_rate}}.

Testing the {{card.name}} with a $2,000 starting balance, you can see in the graph how the {{purchase_interest_diff}} in interest rates impacts the interest over a year, compared to the average card.

Insurance coverage

We scored it {{factor_score_insurance}} out of 5 for insurance.

It offers {{insurance_count}} types of insurance, whereas the average card has {{averages.insurance_count}} types of coverage.

Approval and qualifying

We scored it {{factor_score_approval}} out of 5 for approval.

We predict that you will require a credit score of at least {{credit_score_low}} to qualify for the {{card.name}}, while the average card requires {{averages.mean_credit_score_low}} to qualify.

This puts it in the top {{decile.credit_score_low}} of cards by approval difficulty.

The personal income requirements are {{personal_income}}, while the average card requires {{averages.mean_personal_income}}.

This puts it in the {{decile.personal_income}} of cards by the income required to qualify.

The American Express Aeroplan Card is a popular travel rewards credit card designed for Canadians who frequently fly with Air Canada and the Star Alliance network. This card offers various earning options and benefits, making it an ideal choice for those looking to maximize their travel rewards.

In this review, we will discuss the earning potential, benefits, drawbacks, and any additional relevant information pertaining to the American Express Aeroplan Card.

Earning potential

The American Express Aeroplan Card allows cardholders to earn Aeroplan points in several different spending categories. For every $1 spent on eligible purchases at Air Canada, users will receive 2 points.

Additionally, cardholders will earn 1.5 points per $1 spent on dining and takeout, and 1 point for every $1 spent on everything else. This diversified earning potential allows users to accumulate points quickly for their next trip.

Benefits

1. Welcome bonus: One of the major advantages of the American Express Aeroplan Card is the impressive welcome bonus for new users.
   
   Upon signing up and meeting the required minimum spending threshold within the first three months, cardholders are eligible to earn up to a maximum of 15,000 bonus Aeroplan points, which can be used towards flights, vacation packages, and other travel-related rewards.





2. Travel insurance coverage: The second significant benefit is the suite of comprehensive travel insurance coverage that comes with this card. This includes medical emergency coverage, trip cancellation/interruption insurance, and baggage loss/delay coverage. These protections will help give cardholders peace of mind throughout their travels.





3. Annual Maple Leaf Lounge access pass: Thirdly, this card grants one annual Maple Leaf Lounge access pass when flying on an Air Canada flight booked with Aeroplan points, allowing cardholders to experience luxury and comfort before their departure.





4. Bonus rewards: One additional advantage of the American Express Aeroplan Card is its compatibility with American Express Offers, which allow users to earn bonus rewards, receive discounts, and access exclusive promotional offers by making purchases at participating retailers and businesses.

Drawbacks

1. Drawback: One considerable drawback of the American Express Aeroplan Card is its annual fee. At a price point of $120, potential users should weigh the annual fee against the card’s benefits to ensure it is a worthwhile investment.





2. Drawback: Another drawback of this card is that American Express is not as widely accepted as Visa or Mastercard, which may cause some inconvenience for cardholders when trying to earn Aeroplan points on their everyday spending.

Additional information

In conclusion, the American Express Aeroplan Card offers various earning potentials and benefits that can be advantageous to Canadians who frequently travel with Air Canada and the Star Alliance network.

However, the annual fee and less widespread acceptance of American Express should be taken into consideration when deciding if this card is the right choice for an individual’s specific needs and travel preferences.

Is the American Express Aeroplan Card not convincing you? Consider the SimplyCash Card American Express or the Marriott Bonvoy American Express Card. Still not the right credit card? Make sure not to miss the American Express Gold Rewards Card.

FAQ

Key benefits

• Aeroplan Rewards Program: Earn points for Air Canada flights and partner airlines





• Points Multiplier: Double your points for travel, dining, and food delivery expenses





• Base Points Accrual: Default 1 point per dollar on all other eligible spending





• Travel Insurance Suite: Medical and trip delay/cancellation protection for you and your family





• Lounge Privileges: Relax in style with a complimentary Priority Pass membership





• Add a Spouse/Partner: Additional card users gain access to benefits for a modest fee





• Amex Perks: Exclusive event invites, shopping protections, and premium customer service





• Cost Consideration: A $139 annual fee offsets the card’s numerous advantages





• Amex Acceptance: Wider usage limitations compared to Visa or Mastercard





• Reward Flexibility: Minimal transfer options for points into alternative rewards programs





• APR: Be mindful of a 19.99% interest rate for purchases if not promptly paid off





• Tier Restrictions: Some rewards are subject to varying conditions based on cardholder status





• Welcome Offer: Lacks an appealing first-year fee waiver commonly found in other cards