Which has the lower annual fee, American Express Aeroplan Reserve Card or CIBC Aeroplan Visa Infinite?

The CIBC Aeroplan Visa Infinite has a $139 annual fee, while the American Express Aeroplan Reserve Card charges $599/year.

Which card is better for groceries, American Express Aeroplan Reserve Card or CIBC Aeroplan Visa Infinite?

The American Express Aeroplan Reserve Card earns 2.7x on groceries, while the CIBC Aeroplan Visa Infinite earns 2.7x. The better choice depends on your grocery spending and the specific merchants you shop at.

Is the American Express Aeroplan Reserve Card accepted everywhere in Canada?

The American Express Aeroplan Reserve Card runs on the American Express network, which is not accepted at some Canadian retailers like Costco and Loblaws. Visa and Mastercard have broader acceptance in Canada.

American Express Aeroplan Reserve Card vs CIBC Aeroplan Visa Infinite — Which Is Better? | Churnr

Header Quick Take Value Earn Rates Merchants Wallet Bonus FX Benefits Eligibility Perks Downgrade Verdict

American Express Aeroplan Reserve Card wins by $354/yr — strongest in dining & restaurants

American Express Aeroplan Reserve Card earns $214 more on dining & restaurants
American Express Aeroplan Reserve Card earns $78 more on travel
$720 welcome bonus advantage
$460 higher annual fee, offset by rewards

Dining & Restaurants: +$214Travel: +$78Gas: +$58

American Express Aeroplan Reserve Card: $30/yr in foreign transaction fees

American Express Aeroplan Reserve Card (Amex) — not accepted at Costco, Loblaws, No Frills, Walmart

CIBC Aeroplan Visa Infinite: $30/yr in foreign transaction fees

Showing Year 1 analysis

Dollar Value

Winner

$2,601

/first year

6.2% effective$217/mo

vs 1% no-fee card: +$2,182

Annual rewards earned+$1,700

Welcome bonus+$1,530

FX costs−$30

Annual fee−$599

$2,247

/first year

5.4% effective$187/mo

vs 1% no-fee card: +$1,828

Annual rewards earned+$1,467

Welcome bonus+$810

First-year fee waiver+$139

FX costs−$30

Annual fee−$139

Best for your spendingAmerican Express Aeroplan Reserve Card—$2,601Year 1 value

+$354 more than CIBC Aeroplan Visa Infinite

Scroll down for the full breakdown

Earn Rates by Category

Wallet Optimizer

Downgrade

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The Bottom Line

American Express Aeroplan Reserve Card wins by $354/yr — strongest in dining & restaurants

American Express Aeroplan Reserve Card earns $214 more on dining & restaurants
American Express Aeroplan Reserve Card earns $78 more on travel
$720 welcome bonus advantage
$460 higher annual fee, offset by rewards

Dining & Restaurants: +$214Travel: +$78Gas: +$58

Showing Year 1 analysis

Year-over-Year

Year 1

American Express Aeroplan Reserve Card

by $354 — welcome bonus advantage

Year 2+

CIBC Aeroplan Visa Infinite

by $227 — ongoing earn advantage

American Express Aeroplan Reserve Card wins Year 1 thanks to a better welcome bonus, but CIBC Aeroplan Visa Infinite earns more ongoing. Consider how long you plan to hold the card.

Data Sources

Issuer terms & conditions (verified Mar 2026)

Merchant MCC verification (239 merchants)

Insurance certificates (PDF review)

Reward program documentation

User-reported acceptance data

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