Which has the lower annual fee, Business Aeroplan Reserve Card or Scotiabank American Express?

The Scotiabank American Express has no annual fee, while the Business Aeroplan Reserve Card charges $599/year.

Which card is better for groceries, Business Aeroplan Reserve Card or Scotiabank American Express?

The Business Aeroplan Reserve Card earns 1x on groceries, while the Scotiabank American Express earns 0.8x. The better choice depends on your grocery spending and the specific merchants you shop at.

Is the Business Aeroplan Reserve Card accepted everywhere in Canada?

The Business 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.

Business Aeroplan Reserve Card vs Scotiabank American Express — Which Is Better? | Churnr

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

Scotiabank American Express wins by $503/yr — strongest in groceries

Business Aeroplan Reserve Card earns $128 more on groceries
Business Aeroplan Reserve Card earns $48 more on bills & utilities
$599 lower annual fee

Groceries: +$128Bills & Utilities: +$48Travel: +$46

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

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

Scotiabank American Express: $30/yr in foreign transaction fees

Scotiabank American Express (Amex) — not accepted at Costco, Loblaws, No Frills, Walmart

Showing Year 1 analysis

Dollar Value

−$122

/first year

-0.3% effective$10/mo

vs 1% no-fee card: −$541

Annual rewards earned+$505

Welcome bonus+$2

FX costs−$30

Annual fee−$599

Winner

$381

/first year

0.9% effective$32/mo

vs 1% no-fee card: −$37

Annual rewards earned+$361

Welcome bonus+$50

FX costs−$30

Annual fee−$0

Best for your spendingScotiabank American Express—$381Year 1 value

+$503 more than Business Aeroplan Reserve Card

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Earn Rates by Category

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The Bottom Line

Scotiabank American Express wins by $503/yr — strongest in groceries

Business Aeroplan Reserve Card earns $128 more on groceries
Business Aeroplan Reserve Card earns $48 more on bills & utilities
$599 lower annual fee

Groceries: +$128Bills & Utilities: +$48Travel: +$46

Showing Year 1 analysis

Scotiabank American Express wins in both Year 1 and Year 2+ — consistent long-term value.

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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