Richest Credit Card sign up bonus ever to be offered in Canada?

I just received an email from Aeroplan for the American Express AeroplanPlus Platinum Card. Normally I just quickly look it over if anything has changed on the card since it was introduced 4 or so years agoand then delete it. But this time, the email really caught my eye. Why? They are offering 50,000 Bonus Aeroplan miles to new applicants for the card. You get 25,000 upon the first use of your card and 25,000 when you spend $1,000 within the first three months. In my history of tracking reward programs I have never seen a credit card bonus offer this high in Canada. In the U.S., sure you had the British Airways 100,000 BA Miles credit card offer and the American Airlines 75,000 AAdvantage mile offer but here in Canada, the highest sign up bonus in recent history came from the Capital One Aspire World MasterCard with 35,000 bonus miles!

The AeroplanPlus platinum card is not for everyone as it comes with a hefty annual fee of $499 but for the frequent traveller (or even relatively frequent) the annual fee can pay for itself with free access to business class lounges, priority check in, a yearly short haul companion ticket, increased earning of 1.25 to 1.5 Aeroplan miles on all spending and other typical features seen on premium cards. This offer of 50,000 miles is valid for new applications made up to December 28, 2010.

Now, the question to ask is whether other card issuers in Canada will follow. We have seen the trend in the U.S. with increased card offerings as most credit cards there are now offering a minimum of 30,000 miles or points with quite a few in the 50,000 mile/point range. I know many frequent travellers here in Canada who have complained about the paltry sign up bonuses along with annual fees more then double that of our counterparts to the South. So lets keep our fingers crossed that this is the start of hefty….I mean healthy trend of increased sign up bonuses in Canada.

American Express® AeroplanPlus®* Platinum Card / American Express® AeroplanPlus®*Gold Card is no longer available as of August 26th, 2020. For more information, please visit