American Express® AIR MILES®* Reserve Credit Card

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This card is no longer offered by the provider.
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First year rewards (up to)

Gift card
2,400 Air Miles AIR MILES® reward miles when you charge a total of $3,000 in purchases to your Card within your first three months of Cardmembership Spending
bonus
Monthly
bonus
Based on the amount of spending you do each month, our tool determines how much you'll spend on an annual basis and calculates the potential rewards you could earn for doing so. Spending
rewards
Annual fee
Annual fee
(1st yr waived)
The total net reward is the dollar amount all your rewards will add up to, minus any annual fee you may have to pay. For a detailed explanation on how we calculated this number, check out the Points Calculator tab.
Cash advance: 21.99%
%
Purchase interest rate
Cash advance: 21.99%
%
Balance transfer
% after months
Annual fee
(Waived)
Monthly
interest fee
after months
Required deposit
Rewards
Earn points on each dollar you spend
How much do you spend on gas or in gas stations each month? Remember that even if you buy food or other items at a gas station, it will come up as a gas purchase on your cash back credit card statement. Gas
How much do you spend on groceries or in grocery stores each month? Remember that even when you purchase household items at the grocery store, they will show up as a grocery store purchase on your cash back credit card statement. Groceries
How much do you spend in drug stores each month? Remember that it doesn't matter if you pay for prescriptions, cosmetics, toiletries, food or anything else; it'll all show up as drug store purchases on your cash back credit card statement. Pharmacy
1  point per dollar
Earn 1 reward mile for every $10 in Card purchases at other eligible stand-alone grocery stores, gas stations, and drugstores in Canada
How much do you spend on everything else that doesn't fit into one of the other categories? Bus passes, cab fares, online shopping purchases, etc. are just a few examples of things that would show up as "other" purchases on your cash back credit card statement. Other purchases
1  point per dollar
Earn 1 reward mile for every $15 in Card purchases everywhere else
Calculator
Monthly spending by category

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First year rewards (up to)
First year rewards (up to)
For a limited time, you will receive a promotional offer from Ratehub.ca if your application is approved. Terms and conditions apply. Click here for details. Gift card
Some credit cards come with a spending bonus, which is given to the card holder after they complete a condition, such as making their first card purchase. The spending bonus may be in the form of points, cash, free merchandise, etc. Spending bonus
To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. Value per 1pt
This is the dollar amount all your rewards will add up to. Total value
Some credit cards come with an anniversary bonus, to provide more incentive for people to continue using the card for multiple years. The anniversary bonus may be in the form of points, cash, free merchandise, etc, and is given to the card holder every year on the anniversary. Anniversary bonus
Based on the amount of spending you do each month, our tool determines how much you'll spend on an annual basis and calculates the potential rewards you could earn for doing so. Spending reward
Bills
Entertainment
Gas
Groceries
Other purchases
Pharmacy
Restaurants
Travel
This is the total number of rewards points you could earn in one year, based on the credit card's sign-up bonus and the amount you could potentially spend on the card. Total points
To find out how we determined the value of this point, click on the "Redeeming Points" tab and view the PDF to see the exact calculations. Value per 1pt
This is the dollar amount all your rewards will add up to. Total value
This is the annual fee you have to pay, in order to use this credit card. The annual fee is charged once per year and is added to your credit card statement. Annual fee
Total net reward
Redeem

Value of an Air Mile

The average dollar value of an individual Air Miles Reward Point is $0.121. To see how we calculated this, click here.

How to Redeem your Air Miles Reward Points

Step by Step Guide

  • If you DO NOT have an online Air Miles account and don’t know your Air Miles collector number, call American Express or BMO (your credit card provider) give them your credit card number and they will give you your 11-digit Air Miles collector number.
  • Once you have your Air Miles collector number you can create an account at airmiles.ca and can login to redeem your miles.
  • If you DO have an online Air Miles account, login at airmiles.ca.
  • To redeem miles for travel go to dream rewards and search for flights under the travel section.
  • To book a flight, select your departing airport, arrival airport and travel dates.
  • Available flights are displayed with the amount of miles required to book. The mileage requirements for flights within North America include fuel surcharges but don’t include other taxes and fees that have to be paid in addition to the required miles.
  • Mileage requirements for flights outside of North America do not include fuel surcharges. Taxes and fees for these flights can be over $500.
  • To redeem miles for a flight you need to have at least 85% of the required miles: the remaining miles can be purchased for 30 cents/mile + tax.
Insurance
Benefits
Most credit cards come with at least some additional insurance policies. Here's what's covered with this credit card. Insurance
Travel emergency medical
Travel accident insurance
If you book a trip using your credit card, it may come with some amount of trip cancellation, trip interruption and/or emergency medical insurance, all of which can help you if you find yourself in some very tough situations. Here's what your credit card comes with. Travel
Flight delay
While you're travelling, there's always a chance that your bag may be lost or go missing for a period of time. In the event that happens to you, here's what you're covered for. Baggage
Baggage loss
Baggage delay
If you use your credit card to rent a car, you will likely have some amount of collision and damage insurance. Collision and damage insurance protects you, the cardholder, in the event that a rental car is damaged and/or in an accident, while it's in your possession. Read the fine print in your agreement, before you rent your next car. Rental
Car rental collision / loss damage waiver
Miscellaneous insurance items for purchases on your credit card. Miscellaneous
  • Zero liability
  • Extended warranty
  • Purchase assurance
  • Lounge access

Card details

Network: American Express
Provider: American Express
Card type: Rewards

Fees & interest

This is the annual fee you have to pay, in order to use this credit card. The annual fee is charged once per year and is added to your credit card statement. Annual fee: $299
This is the annual interest rate you will pay on purchases, if/when you can't pay off the entire balance by the payment due date outlined on your credit card statement. Purchase interest rate: 20.99%
This is the interest rate you will pay on cash advances. Unlike regular purchases, which come with a grace period, interest on cash advances starts to accrue the day you complete the transaction. Cash advance: 21.99%
This is the interest rate you will pay on balance transfers. Unlike regular purchases, which come with a grace period, interest on balance transfers starts to accrue the day you complete the transaction. Balance transfer: N/A

Eligibility

This is the annual income requirement to be eligible for this credit card. Income: $20K / Year
This is the total annual family income requirement to be eligible for this credit card. Only applicable if the applicant does not meet the annual income requirement themselves. Household income: Any amount
  • Be a permanent Canadian resident
  • Have reached the age of majority in the province in which you live (18 yrs in AB, MB, ON, PE, QC, SK. 19 yrs all others)

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Earn 2% Money-Back Rewards on purchases in two 2% Money-Back Categories of your choice, and 0.50% Money-Back Rewards on all other purchases.

Welcome Offer: Get up to 5% cash back in your first 3 months. Get a 1.99% introductory interest rate on Balance Transfers for 9 months, 1% fee applies to balance amounts transferred.

Get 4 points†† per $1 on eligible gas, groceries and restaurants purchases and up to 10,000 bonus points. Conditions apply

Standard Annual Interest Rates of 12.99% on purchases, 12.99% on balance transfers✪and access cheques, and 24.99% on cash advances

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Get more details

  • New American Express,® AIR MILES,®* Reserve Credit Card Cardmembers, earn a Welcome Bonus of 2,400 AIR MILES,®* Bonus Miles when you charge a total of $3,000 in purchases to your Card within your first three months of Cardmembership. That's enough for two select flights
  • Your ticket to the World of Onyx,™ - Receive automatic Onyx,™ status
  • Once a year, when you redeem for a round-trip economy flight within the AIR MILES,®* Reward Program, up to a maximum of 1,700 Miles, you can receive a Companion Flight for your companion to travel with you for the same itinerary (offer excludes service charges if applicable and taxes)
  • Earn 1 Mile for every $10 in Card purchases at eligible AIR MILES,®* Partners,* Excludes purchases made at airmilesshops.ca
  • Earn 1 Mile for every $10 in Card purchases at other eligible grocery stores, gas stations, and drugstores in Canada
  • Plus, earn 1 Mile for every $15 in Card purchases everywhere else
  • You can receive four (4) complimentary visits per year to more than 1,200 airport lounges around the globe. After your four (4) complimentary visits have been used for the year, you may continue to visit the lounges for a usage fee at the prevailing rate
  • Priority Pass,™* - Worldwide Airport Lounge Access
  • Through AIR MILES®* FlexFly™ Redemptions, you can access additional airlines and destinations, departure times, and economy, business and first-class seats on flights not available within the AIR MILES Reward Program
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the "get more details" button. Conditions apply