- Unlock special experiences with the Platinum Card®
- Earn 80,000 Membership Rewards® points - that’s $800 towards a weekend away
- New Platinum® Cardmembers, earn 80,000 Welcome Bonus points after you charge $7,500 in net purchases to your Card in your first 3 months of Cardmembership
- Plus, earn 20,000 points when you make a purchase between 14 and 17 months of Cardmembership
- Earn 3 points for every $1 in Card purchases on eligible dining and food delivery 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.americcanexpress.ca/trave or through Platinum Card® Travel Service
- Take full advantage of The American Express Global Lounge CollectionTM which unlocks access to over 1300 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
- Interest applies in accordance with your Cardmember Agreement, Information Box, and Disclosure statement if the total New Balance is not paid by the Payment Due Date each month. All payments must be received by the Payment Due Date shown on the monthly statement
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Priority airport services
Yes
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Airport lounge access
Yes
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Concierge service
Yes
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Balance protection(Optional)
No
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Purchase Security & Extended Protection Insurance
Yes
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Flight delay insurance,Baggage Insurance
Yes
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Vehicle rental insurance
Yes
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Travel accident insurance
Yes
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Travel medical insurance
Yes
- Annual Fee: $699
- Additional Card Fee: $175
- Purchases Interest Rate: 20.99%
- Cash Advance Interest Rate: -%
- You're a Canadian resident
- You've reached the age of majority in your province or territory
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 1300 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
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 and food delivery 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
Earn up to 80,000 Membership Rewards® points - that’s up to $800 towards a weekend away
No credit limit: There is no preset credit limit with this credit card
Premium airport lounge access: Complimentary access to over 1,300 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.
Author Bio
Mohamed Konate is a personal finance expert, blogger, and marketing consultant based in Toronto. He is a former financial services professional who worked at major Canadian financial institutions for many years. He managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor's in Business Administration from the University of Quebec (Montreal) and a Master's in International Business from the University of Sherbrooke (Quebec). He is also the author of the Canadian Credit Card Guidebook and earns rewards with the American Express Cobalt credit card.
