Best for: Frequent travellers who will use airport lounges and travel credits enough to cover the fee
What’s in each?
- Light:
- Groceries $400, restaurants $100, gas $100, recurring bills $100, everything else (base rate) $250, foreign currency $50
- Typical:
- Groceries $800, restaurants $250, gas $250, recurring bills $250, travel $150, everything else (base rate) $650, foreign currency $150
- Big:
- Groceries $1,200, restaurants $500, gas $400, recurring bills $400, travel $500, everything else (base rate) $1,600, foreign currency $400
- Yours:
- Your own amounts, saved on this device only
Ranked #131 of 176 for year one. See the list
See how we worked it out- Welcome offer you’d get
- $0
- Needs more spending. Up to 100,000 Membership Rewards points.
- Annual fee
- $799 a year
Have this card?
Details from American Express’ site. Banks can update terms at any time, so give them a quick look before you apply. Source
Is it for me?
Do you spend $2,000 or more a month on restaurants, food delivery and travel?
Is your personal income $40,000 or more?
Do you pay your card off in full most months?
Answer the 3 questions to see if it fits.
The good and the bad
Stands out
- Good: 2 points per $1 on restaurants, food delivery and travel At our value for these points, that’s about 3.4% back.
- Good: Welcome offer up to 100,000 Membership Rewards points About $1,700 at our value for these points.
Watch for
- Watch for: $799 a year You need about $2,000 a month on restaurants, food delivery and travel to earn it back.
- Watch for: 2.5% on foreign purchases Use a no foreign fee card when you travel.
Worked out from the card’s rates and fees.
What you’d earn
With typical spending of $2,500 a month.
Membership Rewards points valued at 1.7¢ each.
Rows are rounded to the dollar. Insurance counts at what the same cover costs on its own, and only pays when you charge the trip, rental or phone to the card.
What counts in each category
- Restaurants
- 2 points per $1 Dining in Canada
- Food delivery
- 2 points per $1 In Canada
- Travel
- 2 points per $1
- Everything else (base rate)
- 1 point per $1
How Membership Rewards points work, and why 1.7¢
We count Membership Rewards points at 1.7¢ each, a typical value when you use them well. Depending on how you use them, they’re usually worth 0.7¢ to 2¢.
We set one value per points program and use it on every card in that program, so you can compare points cards and cash back cards on the same scale.
These are example budgets to compare cards side by side, not averages. Your own spending will give a different number.
Checked on Nov 8, 2026. Source
Can your spending get the full offer?
At $2,500 a month, here’s when you’d reach each step.
-
1
70,000 Membership Rewards points · about $1,190
Spend $10,000 in your first 3 months.
You’d spend $7,500 by then, $2,500 short.
- On purchases within the first 3 months
- Earn an additional 40,000 points after you spend a total of $45,000 on your Card in your first 12 months of Cardmembership
- You can earn an additional 40,000 points when you make a purchase between 15 and 17 months of Cardmembership
-
2
30,000 Membership Rewards points · about $510
Keep the card for a year.
- make a purchase; between 15 and 17 months of Cardmembership
Offer end date not published.
Offer checked on Nov 8, 2026. Source
Can I get it?
- Age 18 or older 19 or older in BC, NB, NL, NS and the territories
- Where you live Canada
- Personal income $40,000 or more Issuer says
- Credit score No minimum on record Most banks don’t publish one, and we don’t guess.
Mr. Loonie’s tip Each application shows up on your credit file. Leave a few months between card applications.
Other reviewers on this card
-
Frugal Flyer (opens in a new tab) May 2026
“The American Express Platinum card is a fantastic option for the cardholder who is interested in leveling up their credit card game and wants to access a plethora of valuable benefits for both personal and travel needs. This is truly one of the best credit cards in Canada for those who can stomach the annual fee, and we recommend adding it to your wallet if you can realize the value it can offer.”
-
PointsWise (opens in a new tab) Oct 2025
“The Amex Platinum Card is not for everyone – and that’s exactly the point. It’s designed for Canadians who travel frequently, value premium perks, and can leverage the welcome bonus, lounge access, and elite status benefits.”
-
Money We Have (opens in a new tab) Sep 2023
“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.”
-
Forbes (opens in a new tab) Apr 20237.6
“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.”
-
Money.ca (opens in a new tab) Mar 20239
“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 have more comprehensive insurance packages. It’s certainly worth considering if The Platinum Card®’s fee is too costly and doesn’t meet your needs.”
-
NerdWallet (opens in a new tab) Nov 20228
“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.”
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What comes with it
- Car rental damage Included
- Extended warranty Included
- Purchase protection Included
- Travel accident Included
- Travel medical $5,000,000 per person
- Trip cancellation Included
- Trip interruption Included
- Flight delay Included
- Baggage delay Included
- Hotel burglary Included
- Lost baggage Included
- Lounges: Amex centurion Unlimited visits
- Lounges: Priority pass Unlimited visits
- Lounges: Plaza premium Unlimited visits
- 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
- Mobile wallets Apple Pay
Coverage limits
We haven’t recorded the coverage limits for this card yet. Read American Express’ insurance certificate before you count on any coverage.
Not included
Not listed for this card: mobile device.
What it costs
- Annual fee
- $799 a year
- Purchase interest
- 21.99%
- Foreign currency fee
- 2.5%
All fees and rates
Fees
- Extra cards
- $200
- Cash advance fee
- 3%, Minimum of $0.75
- Over-limit fee
- None
- Late payment fee
- None
- Source
- Issuer page
Interest rates
- Source
- Issuer page
Read the card terms and conditions for the full terms.
Checked on Nov 8, 2026. Source
Similar cards for the same spending
With typical spending. This card: −$7 year one, −$7 every year after.
-
American Express Cobalt™
Year one $1,651Every year after $1,396 -
Scotiabank Gold American Express® Card
Year one $1,825Every year after $1,055 -
RBC Ion+ Visa
Year one $1,245Every year after $1,007 -
National Bank World Elite Mastercard
Year one $1,099Every year after $904
See all cards ranked for your spending
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Questions people ask
What is the annual fee on the American Express® Platinum Card®?
$799 a year. Each extra card costs $200.
How much is the American Express® Platinum Card® welcome offer worth?
Up to 100,000 Membership Rewards points, about $1,700. You get it in 2 steps: 70,000 Membership Rewards points after you spend $10,000 in the first 3 months; 30,000 Membership Rewards points on your first card anniversary.
What income do I need?
American Express asks for $40,000 in personal income.
Does it charge a foreign transaction fee?
Yes, 2.5% on purchases in other currencies.
What is the interest rate?
21.99% on purchases.
Does it include insurance?
It lists extended warranty, purchase protection, flight delay insurance and baggage delay insurance. Read the insurance certificate for the limits.
Rates, fees and offers come from the card issuers and change often. We work to keep this page accurate and current, but it may contain mistakes, so always check the issuer’s terms before you apply. This page is general information and isn’t financial advice.
Spot something wrong? We’ll check it with the bank. Suggest a correction
Card names, logos and trademarks belong to their owners. No issuer wrote, paid for or approved what we say about this card. Our scores and opinions are our own.
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