Canadian Aeroplan credit cards are getting new benefits and higher annual fees. The team at Frugal Flyer walked through the changes in episode 51 of their Miles Ahead podcast on October 30, 2026. If you hold one of these cards, your yearly cost is going up, and the new perks only pay off if you use them.
What is changing on Canadian Aeroplan cards?
Two things are changing: the cards gain new benefits, and the annual fees go up. That is what the episode summary confirms. The full list of new perks and the exact new fees were not in the summary we saw, so we will not guess at numbers here.
In Canada, Aeroplan cards come from TD, CIBC and American Express. If you carry one for your business, this change likely touches you. Watch for your bank's notice with the exact date and the exact fee before your next renewal.
Who comes out ahead?
The winners are people who already get a lot out of their card. If you fly Air Canada often and use every benefit, more perks for a bit more money can be a fair deal.
Think about how you use the card today. Do you check bags on Air Canada flights? Do you use lounge passes or lounge access if your card has it? Do you put real business spend on it every month? If you said yes to most of these, new benefits stack on top of value you already get. A higher fee hurts less when the card is doing real work.
This is our opinion, not a promise. It depends on what the new perks turn out to be. But the pattern in the points world is clear. Heavy users usually come out fine when a card gets richer and pricier at the same time.
Who pays more and gets little back?
The losers are cardholders who run the card on autopilot. You pay the fee, earn some points, and never touch the extras. For you, this is a price hike with a bow on it.
Honestly, this is how banks often play it. They add perks that look great in an ad, and most people never use them. The fee goes up for everyone. The value goes up only for the few who chase it.
There is a second group to watch: the business owner with two or three Aeroplan cards across a team or a household. A higher fee on each card adds up fast. That is the moment to ask if every card still needs a spot in your wallet.
What should a business owner do before renewal?
Do the math before you pay the new fee. Write down what you actually used from the card in the last year. Then put a rough dollar value on each item: bags, lounge visits, points earned on spend, and any travel insurance you leaned on.
If that number beats the new fee, keep the card and learn the new perks so you use them. If it does not, you have options. You can move to a cheaper card from the same bank, or cancel and move your spend to a card that fits better. Your Aeroplan points sit in your Aeroplan account, not on the card, so the points you already earned stay with you.
One more tip. Do not decide off a headline. Wait for your bank to send the official notice with the real fee and the real perks. Then decide with your own numbers.
If you run a business, your card spend may already cover more flights than you think. You can see what your spending buys and find out how many business class trips are sitting in your monthly bills.