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American Express Platinum

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For trips near home or further down the road, reimagined Platinum Card benefits can help get you there.u with an extensive network of lenders that offer diverse loan choices based on your financial situation.

100k Points

Bonus offer

$695

Annual fee

25.24%

Cash Advance APR

Great for

Bonus offers, Rewards, Travel ?

Pro

  • The current welcome bonus on this card is quite lucrative, valued by TPG at $2,000, not including any points you may earn from the temporary 10x bonus categories.

 

  • Amex Platinum credit card comes with a long list of benefits: access to Centurion Lounges (Amex airport lounges), complimentary elite status with Hilton and Marriott hotels, more than $1,400 in assorted annual statement credits, and so much more.

Con

  • The $695 annual fee is only worth it if you’re taking full advantage of the Amex Platinum card benefits. Seldom travelers may not get enough value to justify the cost.

 

  • Rewards are provided only on specific airfare and hotel purchases, so it’s not a great card for other spending categories.

Overview

Are you looking for a credit card that will give you the most benefits as well as the VIP status of any card available? The American Express Platinum Card will not only earn you rewards but will get great benefits and perks while traveling as travel discounts, airport lounge access, and more with this card.

The Amex Platinum credit card is unmatched when it comes to travel perks and benefits. This card is well worth its high annual fee, if lounge access, hotel elite status, and annual statement credits are valuable to you. For the complete VIP treatment and an unsurpassed travel experience, American Express Platinum® Card from American Express reigns supreme.

To get even more value out of your points, you could also book travel through the American Express fixed points travel program, where you can redeem a flight up to a certain amount of dollars for a fixed amount of points. I’ll go over how you can nearly double the value of your points below.

Most of these programs give you room upgrades, free Wi-Fi, bonus points, as well as early check-in and late check-out. It may not seem like a big deal, but you can read the details of each hotel loyalty program to see what you’re entitled to.

As a rare metal credit card is available in Canada with half more perks than its nearest competitor and more than double the number of perks of the typical travel credit card (we counted). So it’s easy to guess why it is the #1 ranked perks card in Canada. While it has an annual fee of $699, you can deduct $200 from its annual $200 travel credit, leaving you with $499 to pay out of pocket. Still high, but worth the perks and VIP treatment you will receive as a frequent traveler.

The Amex Platinum credit card is a premium card with a premium price tag. Some might consider it to be overhyped and overpriced — but when used effectively (considering the benefits and privileges received with this card) it can prove to be one of the most lucrative cards in your wallet.

 

Bottom line

This card is great if you are a frequent traveler, want to travel VIP, or trying to earn many points fast – then American Express Platinum is for you! You can get more than $1,500 worth of value in the first year, so the annual fee of $699 won’t be a huge concern.

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