The American Express Platinum Card is one of the best travel cards in Canada, as it comes with a bevy of travel-related perks and a hefty welcome bonus to help justify its high annual fee.
One of the key travel benefits available on the card is the $200 annual travel credit, which can be used to offset the cost of eligible purchases made through Amex Travel.
What Is the American Express Platinum Card Annual Travel Credit?
The American Express Platinum Card’s $200 annual travel credit is exactly what it sounds like. Each year, cardholders are given a $200 credit that can be used to book flights, hotels, car rentals, or other travel through the Amex Travel portal.
Aside from being approved for the card and paying the $699 annual fee (which is increasing to $799 on September 26, 2023), you don’t have to do anything extra to earn the $200 travel credit. It becomes available as soon as you activate your card, and then once per year on your cardholder anniversary date.
For example, if you’re approved for the American Express Platinum Card in March 2023, you’ll have one $200 travel credit that must be used before March 2024. Then, in March 2024, you’ll have a new $200 annual travel credit available in your account, which must be used by March 2025.
The $200 annual travel credit can only be used for bookings made through Amex Travel. This means that you won’t be able to book travel on your own elsewhere, and then apply the credit against your own travel expenses retroactively.
The $200 travel credit has to be used all at once towards a single travel booking of $200 or more. This means that you won’t be able to use it if your travel booking is less than $200, and you won’t be able to spread it out over multiple bookings.
Lastly, you need to opt in to using the travel credit at the time of booking. Simply booking $200 in travel through Amex Travel isn’t enough to trigger the credit — rather, you have to specify that you want to use your $200 annual travel credit, which we’ll cover in detail below.
Once you’ve made a booking, you’ll receive $200 as a statement credit on your Platinum Card within two business days or so. This means that you’re charged the full amount of the booking first, and then you receive a separate $200 statement credit posted to your account.
Starting September 26, 2023,…