Overview of the American Express® Aeroplan®* Card

Aeroplan is a highly valuable travel program, and the American Express Aeroplan card allows you to stretch your rewards points further on flights. Plus, it offers a host of travel benefits like free checked bags and various types of trip or medical insurance. You’ll be generously rewarded for booking through Air Canada, too, if you are loyal to the airline 

 

Pros

• Aeroplan points are highly valuable: If you are strategic with your flight and hotel bookings, and book with preferred pricing, you can really stretch your rewards points with this program

• Earn Aeroplan Elite status: You’ll earn 1,000 Status Qualifying Miles for every $10,000 spent on the card; and when you move up in status you can unlock several benefits like trip discounts, flight upgrades, lounge access and more 

• Trip insurance included: You’ll be covered for trip delays, accidents and theft with this card, so there’s no need to pay out of pocket 

Cons 

• High purchase interest rate: This is a charge card, so if you aren’t able to pay off your balance in full each month, you’ll be charged a high purchase interest rate of 30% 
• Lower earn rate on everyday purchases: For an Aeroplan card, the earn rate on everyday purchases is fairly low 
• Limited booking options: With this card you are limited to booking flights and trips through the Aeroplan eStore whereas with other cards like the American Express Cobalt you can experiment with using your rewards to book with other providers 
• No travel medical insurance included: For a premium travel card, the lack of travel medical insurance is a definite downside. You’ll have to pay to cover yourself, unless you are already insured for overseas care