AMEX Aeroplan Business Reserve Credit Card

Annual Fee

$599

Second Card

$199

Purchase Rate

16.99%

Cash Advance Rate

21.99%

Insurance

Baggage, Flight delay, Purchase protection, Rental vehicle, Travel accident, Travel cancellation, Travel Insurance, Travel interruption, Travel medical, Business Coverage

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You will get: Aeroplan Rewards Lounge Access Priority Perks at Pearson Airport & Other Airports AMEX Experiences & Offers NEXUS Credit Welcome Bonus Offer Insurance

The AMEX Aeroplan Business Reserve Credit Card has a relatively high annual fee for a business credit card. However, it offers numerous perks that could make the annual fee worthwhile for the right customer. While the rewards ratio for Aeroplan rewards may be lower than other business credit cards, the card provides various benefits, especially for those who frequently fly with Air Canada. For example, the card includes lounge access, priority boarding, a complimentary first checked bag, valet parking, credit towards NEXUS membership, and more. Overall, the AMEX Aeroplan Business Reserve Credit Card could be an excellent option for those who can benefit from its many benefits.

Don't miss out on the Welcome Bonus Offer! You can earn 25,000 Aeroplan points by making $3,000 in purchases within the first three months of opening your account. Furthermore, for each subsequent month, you could earn an additional 5,000 Aeroplan points by spending $2,000 on purchases for up to 12 months. This adds up to a grand total of 60,000 Aeroplan points, valued at approximately $428.

Card Summary:

The annual fee is $599.

The cost for each supplementary card is $199.

The current purchase rate is 16.99%, but missing two payments would cause it to increase to 23.99%.

The interest rate on cash advances is 21.99%.

You can earn rewards through the Aeroplan program.

 

Rewards Summary:

– You’ll receive three times the Aeroplan points when you make a direct purchase from Air Canada, giving you approximately 2% back on your purchases.

– Earn double Aeroplan points on eligible hotel and car rental purchases, which is equivalent to around 1.5% cashback.

– On all other purchases not included in specific categories, you can earn 1.25 times the reward points, providing approximately 0.9% value back.

Benefits Summary:

– Access to Maple Leaf Lounge

– Faster qualification for Aeroplan Elite Status

– Annual Companion pass starting at $99

– $100 NEXUS Card credit

– Business and expense management tools

– Payment flexibility: the option to carry a balance or pay in full

– Employee Card Misuse coverage

– Free first checked bag when flying Air Canada

– Priority Check-In, Boarding, and Baggage Handling

– Priority Airport Standby and Upgrades

– Additional benefits at Toronto Pearson International Airport including:

– Access to Pearson priority security lane

– Complimentary valet service at Express Park & Daily Park

– 15% discount on parking rates and Car Care services

– Access to AMEX Experiences and Offers

Insurance Summary:

  • Travel Emergency Assistance.
  • Emergency Medical Insurance.
  • Flight Delay Insurance.
  • Baggage Delay Insurance and lost/stolen baggage insurance.
  • Hotel Burglary Insurance.
  • Car Rental Insurance.
  • Travel Accident.
  • Trip Cancellation Insurance.
  • Trip Interruption Insurance.
  • Purchase Protection Plan.

 

Editor’s Review: AMEX Aeroplan Business Reserve Credit Card

The AMEX Aeroplan Business Reserve Credit Card is designed with the frequent Air Canada traveler in mind, providing a suite of benefits that can make the steep $599 annual fee worthwhile for the right business owner. Despite a relatively lower rewards ratio compared to other business credit cards, the card compensates with a range of travel perks and business tools that enhance its value proposition.

Welcome Bonus Offer: The card’s welcome bonus is notably attractive, offering a potential total of 60,000 Aeroplan points within the first year. By spending $3,000 within the first three months, cardholders earn 25,000 points. An additional 5,000 points can be earned monthly by spending $2,000 each month for up to 12 months. Valued at approximately $428, this welcome bonus can significantly offset the high annual fee.

Annual Fee and Supplementary Cards: The primary card comes with a $599 annual fee, while each supplementary card costs $199. Given the extensive benefits, these fees may be justifiable for businesses that regularly utilize Air Canada services.

Interest Rates: The card features a standard purchase rate of 16.99%, which can escalate to 23.99% if two payments are missed. Cash advances come with a 21.99% interest rate, making timely payments crucial to avoid steep interest costs.

Rewards Structure:

  • Air Canada Purchases: Earn 3 Aeroplan points per dollar spent, equating to roughly 2% back.
  • Hotels and Car Rentals: Earn 2 points per dollar, or about 1.5% back.
  • Other Purchases: Earn 1.25 points per dollar, or around 0.9% back.

While these reward rates may not be the highest in the market, the added travel benefits significantly boost the card’s overall value.

Travel and Lifestyle Benefits:

  • Lounge Access: Enjoy Maple Leaf Lounge access, enhancing travel comfort.
  • Elite Status Qualification: Accelerate your Aeroplan Elite Status qualification.
  • Companion Pass: Receive an annual companion pass starting at $99.
  • NEXUS Credit: Get a $100 credit towards NEXUS membership.
  • Business Tools: Utilize expense management tools and payment flexibility options.
  • Baggage and Boarding Perks: Benefit from a free first checked bag, priority check-in, boarding, and baggage handling.
  • Airport Advantages: At Toronto Pearson International Airport, enjoy priority security lane access, complimentary valet service, and discounts on parking and car care services.
  • AMEX Experiences: Access exclusive AMEX offers and experiences.

Insurance Coverage: Comprehensive insurance coverage includes travel emergency assistance, emergency medical insurance, flight and baggage delay insurance, hotel burglary insurance, car rental insurance, travel accident, trip cancellation and interruption insurance, and a purchase protection plan. These insurances provide peace of mind and added security for both business and leisure travel.

Conclusion: The AMEX Aeroplan Business Reserve Credit Card stands out as a premium option for businesses with frequent travel needs, particularly with Air Canada. The substantial annual fee is offset by a wealth of travel benefits, robust rewards on specific spending categories, and extensive insurance coverage. For businesses and entrepreneurs who value these features and can maximize the card’s perks, the AMEX Aeroplan Business Reserve Credit Card is an excellent investment.

 

View other AMEX credit cards.

View other business credit cards.

 

Disclaimer: Refer to the official credit card web page for the latest rates, terms, and conditions. Nothing in the Site constitutes professional and financial advice, nor does any information on the Site constitute professional and financial advice.  

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AMEX Aeroplan Business Reserve Credit Card
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