The American Express Platinum Card is our pick for the best travel credit card. The benefits you get with the American Express Platinum Card outshine all other credit cards in Canada.
The welcome bonus, travel perks, and ongoing annual credits are what sets the American Express Platinum Card apart from the competition.
That said, the Platinum Card also has the highest annual fee for any personal publicly available Canadian credit card.
In this review, we look at whether the American Express Platinum Card is the right card for you, or if the price tag is too high.
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What we love: airport lounge access, $200 annual travel credit, American Express Membership Rewards loyalty program. What we’d change: lower the annual fee, include more category earning rates, remove foreign transaction fees, add more annual credits.
Welcome Bonus
The welcome bonus of the American Express Platinum Card fluctuates, with recent offers at around 100,000 Membership Rewards (MR) points.
A majority of these points (currently 70,000) are earned after spending $10,000 (all figures in CAD) in the first three months, with additional points earned if you make a single purchase in months 14–17.
American Express Platinum Card
- Earn 70,000 MR points upon spending $10,000 in the first three months
- Plus, earn 30,000 MR points upon making a purchase in months 14–17 as a cardholder
- Also, earn 2x MR points on all dining and travel purchases
- Also, receive an annual $200 travel credit
- Also, receive an annual $200 dining credit
- Transfer MR points to Aeroplan and other frequent flyer programs for premium flights
- Unlimited airport lounge access for you and one guest at Priority Pass, Plaza Premium, Centurion, and other lounges
- Credits and rebates for daily expenses throughout the year with Amex Offers
- Bonus MR points for referring family and friends
- Annual fee: $799
We value MR points at 2.2 cents per point, and using this valuation, we value the full welcome bonus of 100,000 MR points at $2,200.
However, you do have to pay the card’s significant annual fee a second time to access the second portion of the welcome bonus.
If you choose not to keep the…
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