Comparison: Platinum Card vs. Aeroplan Reserve Card from American Express

Updated Aug 12, 2026
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Audrey Voisine
Audrey Voisine Audrey Voisine
Audrey, co-founder of Milesopedia, is a dedicated entrepreneur, avid traveler, and mother of two children. She shares valuable tips and recommendations for families and frequent travellers alike, helping everyone get the most from points and rewards programs. As Executive Vice President of Marketing and Communications, she is committed to guiding Milesopedia readers toward more accessible, practical, and memorable journeys.
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Comparison: Platinum Card vs. Aeroplan Reserve Card from American Express
To the point Here is our detailed comparison of the Platinum Card and the Aeroplan Reserve Card from American Express, two cards for frequent travellers.

Current welcome offers:

American Express Canada offers two cards designed for frequent travellers:

Let’s analyze the major differences between these credit and charge cards.

Welcome Bonus

The welcome bonus offered by each of these cards varies according to the promotions.

Here is how the current offer is structured:

American Express Platinum Card

With this welcome offer for the American Express Platinum Card®, you can earn up to 100,000 Membership Rewards points.

Here’s how:

  • 70,000 points after spending $10,000 on your Card within the first 3 months of membership
  • 30,000 additional points when you make a purchase during months 15 to 17 of Cardmembership

Based on our valuation of Membership Rewards points (1.7 cents per point), this welcome bonus corresponds to a value of $2,890.

American Express Aeroplan Reserve Card

With this welcome offer for the Aeroplan®* American Express® Prestige Card, you can earn up to 85,000 Aeroplan points. This is the best offer in a long time!

Here’s how:

  • 60,000 Aeroplan points after spending $7,500 on your Card within your first 3 months of Cardmembership
  • 25,000 additional Aeroplan points after spending $2,500 on your Card within your 13th month of Cardmembership

Based on our valuation of Aeroplan points (2 cents per point), this welcome bonus corresponds to an approximate value of $3,000.

Minimum Income

American Express Platinum Card

The American Express Platinum Card® requires no minimum income.

American Express Aeroplan Reserve Card

The American Express® Aeroplan®* Reserve Card requires no minimum income.

Annual Fee

American Express Platinum Card

The American Express Platinum Card® has an annual fee of $799.

American Express Aeroplan Reserve Card

The American Express® Aeroplan®* Reserve Card has an annual fee of $599.

Earning Points

The American Express Platinum Card® and the American Express® Aeroplan®* Reserve Card each offer 3 levels of point accumulation.

Maximum Earning Level

American Express Platinum Card

With the American Express Platinum Card®, you can earn 3 points per dollar on purchases for:

  • accommodation and car rental bookings made through Amex Travel services
American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you can earn 3 points per dollar on purchases for:

Intermediate Earning Level

American Express Platinum Card

With the American Express Platinum Card®, you can earn 2 points per dollar on purchases for:

  • restaurants, bars, food delivery services
  • travel (flights, hotel stays, Airbnb, car rentals, etc.)
American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you can earn 2 points per dollar on purchases in:

  • restaurants, bars, food delivery services

Basic Earning Level

American Express Platinum Card

With the American Express Platinum Card®, you can earn 1 point per dollar on all other purchases.

American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you can earn 1.25 points per dollar on all other purchases.

Redeeming Points

Both cards are made for travellers.

However, their loyalty programs are completely different:

This means that the ways you can redeem your points are different.

For Travel

American Express Platinum Card

With the American Express Platinum Card®, you can apply its Membership Rewards points to travel purchases charged to the card (flights, hotels, Airbnb, car rentals, etc.).

The usage rate is 1,000 points = $10.

You can also use the American Express fixed rate chart for specific flights.

The usage rate is 1,000 points = $20.

American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you can use your points to get flights with Air Canada, Star Alliance airlines, or partner airlines.

Here, you will need to refer to the Aeroplan flight reward charts.

1,000 points could be worth as little as $5 for economy travel or as much as $40 for business or first class travel (or for certain specific flights).

You can also use your Aeroplan points for hotel bookings, car rentals, or vacation packages. Generally, you can get a value of 1,000 points = $10.

For Everyday Shopping

American Express Platinum Card

With the American Express Platinum Card®, you can apply Membership Rewards points to everyday purchases charged to the card.

The usage rate is 1,000 points = $10.

A minimum of 1,000 points (minimum $10) must be applied.

American Express Aeroplan Reserve Card

No option is available for everyday purchases with the American Express® Aeroplan®* Reserve Card (except for purchasing gift cards with your Aeroplan points).

Transfers to Other Programs

American Express Platinum Card

With the American Express Platinum Card® you can transfer your points to other rewards programs:

American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you cannot transfer your points to other programs.

Once Aeroplan points are in your Aeroplan account, you have no exit route: you must use them within the Aeroplan program.

The only other possibility is to have Aeroplan Elite Status, in order to transfer Aeroplan points to the Marriott Bonvoy program.

The Benefits

Access to airport lounges

American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you can access Air Canada Maple Leaf lounges in North America for free.

You receive a complimentary Priority Pass membership. However, you will have to pay for each access.

Other Benefits

American Express Platinum Card

With the American Express Platinum Card®, you enjoy the following benefits:

  • $200 Annual Travel Credit
  • $200 Annual Dining Credit for certain restaurants
  • $100 NEXUS membership credit
  • Pearson Priority Security Control
  • Access to over 1,300 airport lounges (including American Express Centurion)
  • Free access to Priority Pass lounges for cardholder and one guest
  • Hilton Honors Gold status
  • Marriott Bonvoy Elite Gold Status
  • Fine Hotels Resorts Program
American Express Aeroplan Reserve Card

With the American Express® Aeroplan®* Reserve Card, you benefit from the following advantages:

  • Annual Companion Pass (after $25,000 in purchases)
  • Pearson Priority Security Control
  • Access to Maple Leaf lounges in North America
  • Paid access to Priority Pass lounges
  • Air Canada benefits: priority check-in, priority boarding, and priority baggage handling
  • First checked bag free for you and up to 8 companions
  • Earn Aeroplan Status Qualifying Miles with your purchases
  • Roll over unused Aeroplan Elite Status Qualifying Miles and eUpgrades to the following year

Insurance

InsuranceNew Platinum Cardamex aeroplan reserve
Trip Cancellation InsuranceUp to $5,000Up to $3,000
Trip Interruption InsuranceUp to $6,000Up to $6,000
Out-of-Province/Country Emergency Medical InsuranceUp to $5,000,000
15 days
Up to $5,000,000
15 days
Flight delay insuranceUp to $1,000
after 4 hours
Up to $1,000
after 4 hours
Misdirected Baggage InsuranceUp to $1,000
after 6 hours
Up to $1,000
after 6 hours
Lost or stolen luggage insuranceUp to $1,000Up to $1,000
Hotel Burglary InsuranceUp to $1,000Up to $1,000
Car Rental Theft and Damage InsuranceUp to $85,000Up to $85,000
Travel Accident Insurance$500,000$500,000
Purchase Protection Plan1 additional year1 additional year
Buyer’s Assurance Protection PlanUp to $1,000
120 days
Up to $1,000
90 days
Standby medical concierge serviceIncluded

Conclusion

So? Which Card is the winner?

The American Express Platinum Card® has an edge, especially due to the flexibility of points and the benefits it provides for someone who travels frequently. However, if you travel often with Air Canada, the American Express® Aeroplan®* Reserve Card would probably be better for you.

These welcome bonuses change regularly. Review the current welcome offer for Aeroplan American Express cards before applying.

For all the details of the current welcome offer for the Platinum Card, see our full American Express Platinum Card review.

American Express Platinum Card

The American Express Platinum Card® stands out thanks to:

  • Flexible points;
  • A better earn rate for all types of travel;
  • The diversity of airline and hotel partners to transfer points to various rewards programs;
  • A very wide choice of airport lounges worldwide.
American Express Aeroplan Reserve Card

The American Express® Aeroplan®* Reserve Card stands out for:

  • Its excellent and very profitable current welcome offer;
  • Numerous benefits with Air Canada;
  • An unmatched earn rate of 3 points per dollar for Air Canada and Air Canada Vacations;
  • A rate of 1.25 points per dollar for all purchases;
  • Access to Maple Leaf lounges in North America.

Frequently Asked Questions about the Platinum Card vs. American Express Aeroplan Reserve Card
Comparison

Here are frequently asked questions in the milesopedia community about this card.

Come to discuss that topic in our Facebook Group!
Jean-Maximilien Voisine
Jean-Maximilien Voisine
Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries, many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.
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