Note: We may earn commissions (at no cost to you) if you buy through links on our site. Learn more.

American Express® Platinum Card® review

Compare Compare  
Advertiser Disclosure

Annual Fee
$699.00
Interest Rate: Purchases
30%
Interest Rate: Purchases
30%
Balance Transfer
-
Balance Transfer
-
Rewards
1 - 3 points
Rewards
1 - 3 points
Signup Bonus
70000 points (after spending $10,000)
Signup Bonus
70000 points (after spending $10,000)


9.1/10
Informr score
The American Express® Platinum Card® currently has an Informr score of 9.1 out of 10. This score is based on our evaluation of 13 sources including reviews from users and the web's most trusted critics.

Am I eligible?


American Express® Platinum Card® is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada
Yes Have a minimum personal income of $40000.

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Money We Have
Money We Have

If you’re a frequent traveller, want to travel like a VIP, or are trying to earn many points fast, this card is for you. You can easily get more than $2,000 in value in the first year, so the annual fee of $799 shouldn’t be a huge concern.

- Barry Choi, Money We Have
Forbes
Forbes

The Platinum Card® from American Express’s $699 annual fee may raise eyebrows, but if you prefer to feel pampered when you travel, you’ll find this card’s ends justify its means and then some. The high earn rate, welcome bonus and unparalleled perks also make the annual fee sting even less.

- Rachel Cribby, Forbes
Money.ca
Money.ca

If you’re a passionate globetrotter, then this card is worth serious consideration, despite its high annual fee and some weaknesses in its insurance offerings. If, however, you can’t take full advantage of the travel perks, then you’re better off with a card that has a lower annual fee and may even...

- Sandra MacGregor, Money.ca
NerdWallet
NerdWallet

The American Express Platinum Card offers an impressive combination of travel benefits, exclusive offers and insurance coverage, but it comes with a high annual fee.

- Clay Jarvis, NerdWallet
Hardbacon
Hardbacon

American Express makes a really good case for this card. It is a privilege card, so you pay annual fees. This one has a high fee but truly limitless Membership Rewards points and access to better-than-usual perks. If you can afford the initial fee outlay, you will likely earn back the same amount in...

- Stefani Balinsky, Hardbacon

Details


Interest Rates
Regular APR Interest Rate 30%

Interest rate only applies to balances not paid in full.

Balance Transfer Interest Rate

No interest charges because you pay your balance in full each month

Cash Advance Interest Rate

No interest charges because you pay your balance in full each month

Rates & Fees
Annual Fee $699.00
Balance Transfer Fee
Cash Advance Fee 3%

Minimum of $0.75

Foreign Transaction Fee 2.5%

Transactions made in a foreign currency will be converted and posted to your account in Canadian currency.

Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus 70000 points after spending $10,000
  • On purchases within the first 3 months
  • You can earn an additional 30,000 points when you make a purchase between 14 and 17 months of Cardmembership
Rewards
All Purchases 1 point per $1 spent
Restaurants 3 points per $1 spent
Gas No
Groceries No
Hotels No
Travel 2 points per $1 spent
Pharmacy No
Bills No
Additional Details
Features & Benefits
Additional Card Holders

$175 per year for each card

Travel Accident Insurance Yes
Car Rental Insurance Yes
Car Rental Discount Yes
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance Yes
Concierge Service Yes
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay
Virtual Cards No
Additional Benefits
  • The Platinum Card gives you access to exceptional benefits such as Canadian Platinum Lounge Benefit, Airport Club Program, complimentary and discounted companion tickets and upgrades, and lodging benefits at a collection of over 700 Fine Hotels & Resorts around the world.
  • Complimentary Airport Lounge Access
  • Fine Hotels & Resorts benefits such as 4:00 p.m. late check-out, complimentary daily breakfast for two and others
  • Hilton Honors Gold Status
  • Shangri-La Golden Circle Jade membership
  • Marriott Bonvoy Gold Elite status
  • Radisson Rewards Gold Status
  • Benefits at Toronto Pearson International Airport
  • Free Priority Pass membership
  • $200 Annual Travel Credit
  • International Airline Program
  • Flight Delay Insurance
  • Baggage Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Hotel/Motel Burglary Insurance
  • Trip Cancellation Insurance
  • Trip Interruption Insurance
  • Out of Province/Country Emergency Medical Insurance
  • Emergency Card Replacement
  • American Express Invites including Front Of The Line benefits
Eligibility
Minimum Security Deposit $0
Minimum Age

18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces.

Minimum Personal Income $40,000 per year
Temporary Residents No
More
Additional comments


Terms & Conditions Official Terms & Conditions
Suggest a correction

Disclaimer: All products, logos, images and trademarks are the property of their respective owners. Content is not provided or commissioned by any company mentioned. Any views, analyses, or recommendations expressed here are those of the author's alone, and may not have been reviewed, approved or otherwise endorsed by any company mentioned.

Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

The Informr is an independent, advertising supported website and may receive compensation for sponsorships or when you click on certain affiliated links.

Use this card?

Help inform others by sharing your experience with American Express® Platinum Card®

Rate It: