Platinum Card® American Express Review
Earn up to 80,000 Membership Rewards® points
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Recommended Credit Score:
740 900
Excellent
$600
Welcome Bonus Value
$699
Annual Fee
0%
Purchase Interest Rate
NA
Min Personal Required
Platinum Card® American Express
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My Rate Compass Rating: star star star star star_outline (4.3)
Bank Name:American Express
Network Type:Amex
Awards:Best Credit Card Award Winner
Platinum Card® American Express
Welcome Bonus
Earn up to 80,000 Membership Rewards® points
Annual Fee
$699
Platinum Card® American Express
Card Details
PLATINUM CARD® AMERICAN EXPRESS REVIEW

Welcome offer
  • Unlock special experiences with the Platinum® Card
  • Earn up to 80,000 Membership Rewards® points
  • New Platinum® Cardmembers, earn 65,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership. Redeem for a roundtrip flight to a destination in Europe using the Fixed Points Travel Program (towards base fares, up to maximum of $900)
  • Plus, you can also earn 15,000 points when you make a purchase between 14 and 17 months of Cardmembership. Redeem for a short-haul roundtrip flight to one of the popular routes using the Fixed Points Travel Program (towards base fares, up to maximum of $300)
  • Earn 3 points for every $1 in Card purchases on eligible dining in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
  • You will have access to a $200 CAD Annual Travel Credit to use towards any single travel booking of $200 or more charged to your Platinum Card and made on www.americanexpress.ca/travel or through Platinum Card Travel Service


  • Take full advantage of The American Express Global Lounge CollectionTM which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience
  • Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program
  • Transfer points 1:1 to several frequent flyer and other loyalty programs
  • Enjoy complimentary benefits that offer an average value of $550 USD at over 1,000 extraordinary properties worldwide when you book Fine Hotels + Resorts
  • Platinum Cardmembers can enjoy access to special events and unique opportunities
  • Enjoy premium benefits at the Toronto Pearson Airport such as discount on parking
  • You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group Americas, Hertz and Avis

  • As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges.

  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply



Insurance
  • Priority airport services Yes
  • Airport lounge access Yes
  • Concierge service Yes
  • Balance protection(Optional) No
  • Purchase Security & Extended Protection Insurance Yes
  • Flight delay insurance,Baggage Insurance Yes
  • Vehicule rental insurance Yes
  • Travel accident insurance Yes
  • Travel medical insurance Yes
Fees and Eligibility
Fees
  • Annual Fee: $699
  • Additional Card Fee: $175
  • Purchases Interest Rate: -%
  • Cash Advance Interest Rate: -%
Eligibility
  • You're a Canadian resident
  • You've reached the age of majority in your province or territory
Recommended Credit Score:
740 900
Excellent
Our Rating
My Rate Compass Rating: star star star star star_outline (4.3)
Rating Methodology: My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category. Credit card rating methodology
Editorial Guidelines: Learn more about our editorial guidelines here.
Pros and Cons
Get rewarded for exploring the world – with 2X the points on travel3
Earn points on your dining experience
Earn 3 points for every $1 in Card purchases on eligible dining in Canada3 and discover some of the world’s top culinary experiences with the Global Dining Collection5.

No matter your destination, you can earn 2 points for every $1 in Card purchases on eligible travel3

Take full advantage of The American Express Global Lounge CollectionTM  which unlocks access to over 1200 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience

Enjoy premium benefits at the Toronto Pearson Airport such as discount on parking

You will also have access to many leading hotel and car rental companies’ loyalty programs. Partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group, Hertz and Avis
Editor's Review

This card is the most exclusive credit card in the market however it comes with a $699 annual fee which is one the highest for a Canadian credit cards. The Platinum Card® is perfect for those who are looking for a luxury credit card with outstanding benefits, rewards, insurances, and platinum experiences. The annual fee is high however a frequent traveler will enjoy every single benefit on this card.


Platinum Card's rewards earn rate:

  • Earn 3 points for every $1 in Card purchases on eligible dining in Canada
  • Earn 2 points for every $1 in Card purchases on eligible travel
  • Earn 1 point for every $1 in all other Card purchases

 
Pros

Up to 80,000-Membership Rewards® points bonus: As a New Platinum® Card Cardmember, you could earn 65,000 Welcome Bonus points when you charge $6,000 in purchases to your Card in the first 3 months of Cardmembership

No credit limit: There is no preset credit limit with this credit card

Premium airport lounge access: Complimentary access to over 1,200 airport lounges across 130 countries.

Premium insurance: The Platinum Card® offers different types of insurance like below:

  • $500,000 Travel Accident
  • Travel Emergency Assistance
  • Trip Cancellation /Trip Interruption
  • Car Rental Theft/Damage
  • Lost or Stolen Baggage
  • Flight Delay
  • Baggage Delay


Cons

High annual fees: The Platinum Card has an annual fee of $699. Each additional card is $175.

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Awards