Travel Rewards
Premium / High-End
Rewards
The Platinum Card
American Express(Canada)
Current Welcome Offer
Up to 100,000 Membership Rewards points
Annual Fee
$799
Purchase APR
21.99%
Cash Adv. APR
21.99%
Welcome Bonus
~$1000
RateBuddy Verdict
The Good
- The $200 Annual Travel Credit and $200 Annual Dining Credit effectively cut the massive annual fee in half.
- Unrivaled airport lounge access through the Global Lounge Collection, covering over 1,400 locations worldwide.
- Includes automatic elite status upgrades for Marriott Bonvoy and Hilton Honors.
The Trade-offs
- The $799 annual fee is extremely high and requires significant utilization of the travel perks to justify.
- Adding an additional Platinum cardholder is very expensive at $250 per year.
Rewards & Earnings
Groceries 1.00%
Dining & Takeout 2.00%
Gas & Transit 1.00%
Travel 2.00%
Base Rate 1.00%
Rewards Summary: Earn 2X points on dining/food delivery and travel; 1X points on everything else. Earn 1 additional point on Amex Travel Online bookings.
- Dining & Food Delivery (in Canada): 2X Points
- Travel (Flights, Hotels, Tours): 2X Points
- Amex Travel Online (Hotels/Car Rentals): 1 Additional Point (3X Total)
- All Other Purchases: 1X Points
Welcome Bonus Details
Earn up to 100,000 Membership Rewards points ($1,000 value). Includes $200 Annual Dining Credit and $200 Annual Travel Credit.
Estimated Value: $1000.00
Features & Benefits
Airport Lounge Access
Access to 1,400+ global lounges
Travel Medical Insurance
Up to $5,000,000 for 15 days (under 65)
Car Rental Collision/Loss Damage Waiver
Coverage for vehicles up to $85,000 MSRP
Trip Cancellation/Interruption Insurance
Trip Cancellation up to $2,500/person
Extended Warranty Insurance
Buyer's Assurance extends warranty 1 year
Purchase Security Insurance
Purchase Protection for 120 days
Concierge Service
Platinum Concierge 24/7 access
NEXUS Application Fee Rebate
$100 NEXUS statement credit
Flight Delay Insurance
Flight delay up to $1,000
Baggage Delay/Loss Insurance
Baggage delay up to $1,000
Hotel Status Benefits
Hilton Honors Gold & Marriott Bonvoy Gold Elite
Priority Airport Services (Check-in, Boarding)
Pearson Priority Security Lane access
Special Event Access (e.g., Front Of The Line)
Front Of The LineĀ® access
Hotel/Motel Burglary Insurance
Hotel Burglary up to $1,000
Additional Perks
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Insurance Coverage
Emergency Medical Insurance
Up to $5,000,000 for the first 15 days (under age 65).
Trip Cancellation/Interruption
Cancellation: Up to $2,500/person (max $5,000). Interruption: Up to $2,500/person (max $6,000).
Flight and Baggage Delay
Flight/Boarding Denial (>4 hours): Up to $1,000. Baggage Delay (>6 hours): Up to $1,000.
Car Rental Theft & Damage
Coverage for MSRP up to $85,000 for rentals of 48 days or less.
Hotel Burglary & Lost Baggage
Burglary: Up to $1,000. Lost/Stolen Baggage: Up to $1,000 per trip.
Purchase Protection & Buyer's Assurance
Protection for 120 days (up to $1,000). Extended warranty doubles up to one additional year.
Rates & Fees Details
| Purchase APR | 21.99% |
|---|---|
| Cash Advance APR | 21.99% |
| Annual Fee | $799 |
| Income Required | No specific requirement listed. |