American Express Canada Overhauls Aeroplan Cards, Raises Reserve Annual Fee to C$799

American Express Canada (AXP) unveiled an enhanced Aeroplan co-brand card portfolio on September 29, 2026, adding travel, lounge, dining and rewards benefits effective January 12, 2027. Annual fees on the Aeroplan Reserve Card and Aeroplan Business Reserve Card will rise to C$799 from C$599, billed from the first annual fee date after the effective date. New benefits include up to C$100 annually in Air Canada travel savings, 15% savings on Air Canada flight rewards when redeeming points, expanded lounge access, priority airport security lanes and a free fourth hotel night or car rental day booked with Aeroplan points. The Reserve Card adds a C$200 annual dining credit at eligible Air Canada's Best New Restaurants. AXP shares traded nearly flat at $305.60 on September 29, 2026.