American Express is known for consistently offering some of Canada’s best credit card welcome bonuses. Whenever an elevated offer comes around, it’s important to consider if it can help you reach your travel goals very quickly.
Echoing the thrilling all-time-high bonuses we saw in the summer of 2021, you have until July 24, 2023 to snag the new generous offers on the Aeroplan Reserve Card and the Aeroplan Business Reserve Card, worth up to 115,000 and 120,000 Aeroplan points, respectively.
While the offers aren’t the highest we’ve ever seen, they’re nevertheless a very strong welcome package for anyone who’s considering these cards now. This is especially the case for anyone who values Aeroplan points to help drive their aspirational travel goals.
Amex Aeroplan Reserve Card: Up to 115,000 Aeroplan Points!
The American Express Aeroplan Reserve Card, Amex’s flagship premium Aeroplan co-branded card, has a current welcome bonus of up to 115,000 Aeroplan points.
The points are distributed as follows:
- 45,000 Aeroplan points upon spending $6,000 in the first three months
- 7,500 Aeroplan points for each of the first six months in which you spend $2,000, for a total of 45,000 Aeroplan points
- 25,000 Aeroplan points upon making a purchase between months 14 and 17
It’s worth noting that this is amongst the best offers we’ve seen for this card, which equals the current all-time-high welcome bonus on its premium TD counterpart.
One caveat is that you’ll have to do a fair bit of legwork to unlock the full welcome bonus this time around.
In the first year, you’ll want to make sure you spend at least $2,000 each month for the first six months, which would give you both the initial bonus of 45,000 points upon spending $6,000 in the first three months, as well as the 7,500 points each month for the first six months, for an extra 45,000 points.
Keep in mind that you’ll have to pay the annual fee for the second year to get the extra 25,000 points by making a purchase in months 14–17. We value Aeroplan points at 2.1 cents per point, which means that the 25,000 points in the second year can be worth at least $525, which happens to be a bit less than the card’s annual fee of $599.
However, you can certainly get more value per point by redeeming them for a high-value business class or First Class redemption. Whether or not it’s worth it to you will also depend on if you…
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