American Express® AIR MILES®* Reserve Credit Card

American Express® AIR MILES®* Reserve Credit Card

The high end AIR MILES credit card.

Earn 2,400 miles and the ONYX status!

Welcome Bonus

2,400 miles

Best For

Value
Year 1

$194

Years 2 and +

$-82

Annual Fee

$299

Interest rates
Purchase Rates

20.99 %

Cash Advance Rates

21.99 %

Balance Transfer Rates

Your Monthly Spending

Offer

Offer
  • 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 3 months of Cardmembership. That’s enough for two select flights
  • Your ticket to the World of Onyx®* Receive automatic Onyx® Collector status
  • Once a year, when you redeem for any flight Reward within the AIR MILES®* Reward Program, you can receive a maximum of 1,700 Miles towards a Companion Flight, for your companion to travel with you for the same itinerary (offer excludes service charges if applicable and taxes). You can earn up to 1,700 miles to use toward a ticket for a companion traveling with you on the same itinerary (plus applicable service charges and taxes).
  • Get 1 Mile for every $10 in Card purchases at eligible AIR MILES®* Partners (excludes purchases made at airmilesshops.ca)
  • Get 1 Mile for every $10 in Card purchases at other eligible grocery stores, gas stations and drugstores in Canada
  • Plus, get 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

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $299
First Additional Card $50
Other Additional Card $50
Foreign Transaction Fee 2.5%
Purchase Rates 20.99%
Cash Advance Rates 21.99%

Value

Year 1
Years 2 and +
Welcome bonus
0 $
Annual credit
Travel benefits
VIP lounges
First-Year Offer Value
Accumulated rewards
Annual fee
Net value
Value

Reward points value

We have established a valuation of the reward point in cents for each loyalty program. More information on the points valuation page.

First-year value

For all credit cards offers, we estimate the value of the welcome offer (bonus, annual fee rebate) in the first year, plus the value of the rewards earned based on your purchases entered in the calculator for the six categories:

  • Grocery
  • Gas/Transit
  • Meals
  • Travel
  • Bills
  • Other purchases

First-Year Net Value = Welcome Bonus Value + Benefits (Annual Credit, VIP lounges, etc.) + Earned Rewards First-Year Annual Fee

Value of subsequent years

For the value of subsequent years, we consider the earned rewards based on your purchases indicated in the calculator and any benefits offered.

Subsequent years’ net value = Earned Rewards + Benefits (Annual Credit, VIP lounges, etc.) Annual fee

VIP lounges:

For credit cards with complimentary airport lounge access, this benefit is calculated as follows:

  • 1 access = $35
  • Unlimited access = $350 (the value of 10 annual visits)

Advantages

Welcome Bonus 2,400 miles
Minimum Spending Required $3,000
Minimum Spending Timeframe 90 day(s)
Concierge
Lounge Annual Visits included 4

Earnings

All Spending 0.067 Mille
Drugstores 0.1 Mille
Groceries 0.1 Mille
Convenience Stores 0.1 Mille
Gas 0.1 Mille
Telecom/Internet 0.067 Mille
Local Transport 0.067 Mille
Streaming services 0.067 Mille
Dining and Food delivery 0.067 Mille
Online transactions 0.067 Mille
Recurring Payments 0.067 Mille
Office Supplies 0.067 Mille
Travel 0.067 Mille
Entertainment 0.067 Mille

Insurance

Common Carrier Travel Accident Insurance Amount $100,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $500
Travel medical insurance up to 64 years old - Amount $5,000,000
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $85,000
Hotel/Motel Burglary Insurance - Amount $500
Purchase Protection - Amount $1,000
Purchase Protection - Duration 90 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year
Insurance Document Learn More

FAQ