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.
- Barry Choi, Money We HaveIf 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.
- Rachel Cribby, ForbesThe 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.
- Sandra MacGregor, Money.caIf 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...
- Clay Jarvis, NerdWalletThe American Express Platinum Card offers an impressive combination of travel benefits, exclusive offers and insurance coverage, but it comes with a high annual fee.
- Stefani Balinsky, HardbaconAmerican 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...
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
|
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 |
|
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 |
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