American Express® Platinum Card® review

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Advertiser Disclosure

Interest Rate: Purchases
30%
Balance Transfer
-
Rewards
1 - 3 points
Signup Bonus
50000 points (after spending $3,000)


10/10
Informr score
The American Express® Platinum Card® currently has an Informr score of 10 out of 10. This score is based on our evaluation of 6 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...


creditcardGenius

For an annual fee of $699, The American Express Platinum Card will let you get some serious red carpet treatment, on top of great discounts and complementary features that are not easy, or affordable, to get elsewhere. Plus, as this card has no income requirements, it’s available to anyone who has g...

- creditcardGenius
Money We Have

My American Express Platinum Canada review is positive. The signup bonus is massive, the Membership Rewards program is flexible, and American Express offers can be incredibly jealous. Honestly, if you love to travel or to live the good life, then you need to apply for the American Express Platinum C...

- Barry Choi, Money We Have
Don't Call the Airline

The Platinum Card by American Express has long-held the title as the most valuable credit card in Canada. It offers a number of benefits, from lounge access, travel credits, hotel status, and more. With the benefits on the card, this is an absolute steal of a deal.

- Don't Call the Airline
PointsNerd

Simply based on the benefits, you can already see that this card offers a lot more value than any other Canadian card out there.

- Jayce, PointsNerd
LowestRates.ca

Contrasting the AMEX Platinum Card with the comparable BMO AIR MILES World Elite Mastercard, it’s clear that the latter is a far more economical option for the average consumer. Whether you own the Platinum Card versus others is going to come down to spending. If you’re not spending at least $2,500...

- Octavia Ramirez, LowestRates.ca

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 50000 points after spending $3,000

On purchases within the first 3 months.

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
Features & Benefits
Additional Card Holders Yes

$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
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
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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.

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Critic Reviews


creditcardGenius

It’s certainly a card worth trying

creditcardGenius

For an annual fee of $699, The American Express Platinum Card will let you get some serious red carpet treatment, on top of great discounts and complementary features that are not easy, or affordable, to get elsewhere. Plus, as this card has no income requirements, it’s available to anyone who has good credit.

Read full review

For an annual fee of $699, The American Express Platinum Card will let you get some serious red carpet treatment, on top of great discounts and complementary features that are not easy, or affordable, to get elsewhere. Plus, as this card has no income requirements, it’s available to anyone who has good credit.

Read full review

Less

Money We Have

Easily one of the best travel credit cards in Canada

from Money We Have

My American Express Platinum Canada review is positive. The signup bonus is massive, the Membership Rewards program is flexible, and American Express offers can be incredibly jealous. Honestly, if you love to travel or to live the good life, then you need to apply for the American Express Platinum Canada card.

Read full review

My American Express Platinum Canada review is positive. The signup bonus is massive, the Membership Rewards program is flexible, and American Express offers can be incredibly jealous. Honestly, if you love to travel or to live the good life, then you need to apply for the American Express Platinum Canada card.

Read full review

Less

Don't Call the Airline

An amazing deal

Don't Call the Airline

The Platinum Card by American Express has long-held the title as the most valuable credit card in Canada. It offers a number of benefits, from lounge access, travel credits, hotel status, and more. With the benefits on the card, this is an absolute steal of a deal.

Read full review

The Platinum Card by American Express has long-held the title as the most valuable credit card in Canada. It offers a number of benefits, from lounge access, travel credits, hotel status, and more. With the benefits on the card, this is an absolute steal of a deal.

Read full review

Less

PointsNerd

You get a lot of value out of this card

from PointsNerd

Simply based on the benefits, you can already see that this card offers a lot more value than any other Canadian card out there.

Read full review

Simply based on the benefits, you can already see that this card offers a lot more value than any other Canadian card out there.

Read full review

Less

LowestRates.ca

High-end travel rewards cards

from LowestRates.ca

Contrasting the AMEX Platinum Card with the comparable BMO AIR MILES World Elite Mastercard, it’s clear that the latter is a far more economical option for the average consumer. Whether you own the Platinum Card versus others is going to come down to spending. If you’re not spending at least...More

Contrasting the AMEX Platinum Card with the comparable BMO AIR MILES World Elite Mastercard, it’s clear that the latter is a far more economical option for the average consumer. Whether you own the Platinum Card versus others is going to come down to spending. If you’re not spending at least $2,500 a month, you’re going to get more rewards from the competition after the fee is taken into account.

Read full review

Less

PointsWise

Top contender for its various benefits and earnings potential

from PointsWise

This card is a must-have for the frequent traveler or the savvy points collector willing to maximize the very generous referral program.

Read full review

This card is a must-have for the frequent traveler or the savvy points collector willing to maximize the very generous referral program.

Read full review

Less

User Reviews


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