Card Details

Bank Name: American Express
Network Type: Amex
Card Type: Personal
MRC Rating 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.: (4.3)


Annual Fee: $699
Additional Card Fee: $175
Purchases Interest Rate: -%
Cash Advance Interest Rate: -%


  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Excellent (740-900)

Platinum Card® American Express Review

Welcome Bonus: Earn 50,000 Welcome Bonus points
Apply Now On American Express's Secure Website
Platinum Card® American Express snapshot

Welcome offer
  • Unlock special experiences with the Platinum Card
  • As a New Platinum® Card Cardmember, you could earn 50,000 Welcome Bonus points when you charge $3,000 in purchases to your Card in the first three months of Cardmembership

Earn 1.25% cash back on purchases when your Welcome Rate ends3. There's no limit to the amount of cash back you can earn!
Refer a friend and you9 could earn a bonus of $50 cash back for each approved referral up to a maximum annual referral bonus of $750 cash back10
American Express Invites® including Front Of The Line opens the door to great music, theatre, dining, film, fashion and shopping experiences4
Whenever you shop, your Card has a Plan to ensure you’re covered.

Please note that this is charge card

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
Platinum Card® American Express Rewards
General cash back earn rate
Categories cash back earn rate
Platinum Card® American Express Features
Priority airport services
Airport lounge access
Concierge service
Balance protection(Optional)
Purchase Security & Extended Protection Insurance
Flight delay insurance,Baggage Insurance
Vehicule rental insurance
Travel accident insurance
Travel medical insurance
Platinum Card® American Express User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5


Other Recommended Credit Cards


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


50,000-point welcome bonus: As a New Platinum® Card Cardmember, you could earn 50,000 Welcome Bonus points when you charge $3,000 in purchases to your Card in the first three 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


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

Apply Now On American Express's Secure Website

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Author Bio

Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where 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 in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.