American Express® AIR MILES® Platinum Credit Card
- $100,000 Travel Accident Insurance.
- 1.99% balance transfer rate for the first 6 months.
- 1 mile per $10 spent at eligible sponsors, stores, drugstores and gas stations, 1 mile per $15 on all other spend
Earn 1 Reward Mile for every $10 spent at eligible gas stations, grocery stores and drugstores.
30-second take
- Get this card if you spend big on groceries and gas or want to do a balance transfer.
- Pick something else if you don’t want to pay an annual fee or want to earn cash back.
- Apply with a good to excellent credit score of 650 or higher.
| Product Name | American Express® AIR MILES® Platinum Credit Card |
|---|---|
| Reward | Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application. |
| Welcome Offer | Receive 2,000 bonus AIR MILES Reward miles when you spend $1,500 within the first three months of membership. |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 22.99% |
| Balance Transfer Rate | 1.99% for the first 6 months (then 22.99%) |
| Interest Free Period | Up to 21 days |
| Go to site More Info |
| Annual Fee | $65 |
|---|---|
| Monthly Service Fee | N/A |
| Over Credit Line Fee | $29 |
| Penalty APR | 23.99% - 26.99% Variable |
| Dishonoured Payment Fee | $25 |
| Foreign Currency Conversion Fee | 2.5% |
| Cash Advance Minimum Fee | $2.75 |
| Late Payment Fee | $25 |
| Go to site More Info |
| Credit Rating | Good, Excellent |
|---|---|
| Minimum Age | Age of majority in province/territory of residence |
| Minimum Income | N/A |
| Household Income | N/A |
| Go to site More Info |
The basics
The American Express AIR MILES Platinum Credit Card rewards new cardholders with 2,000 Air Miles bonus points when you spend $1,500 in the first 3 months of card membership. 1 mile per $10 spent at eligible sponsors, stores, drugstores and gas stations, 1 mile per $15 on all other spend
Unlike the charge card that is so commonly offered by American Express, this card is a regular credit card, which means you don’t have to pay off the entire balance each billing cycle. There is a small annual fee of $65 and additional cards are free of charge.
Aside from earning Air Miles, there is an optional balance transfer offer with the American Express AIR MILES Platinum Credit Card. Transfer your existing credit card debt over to the Platinum Credit Card and receive a low interest rate of 1.99% on the balance for a period of 6 months. With no balance transfer fee, this could be a powerful offer if you’ve got existing credit card debt.
The perks
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2,000 Air Miles welcome bonus offer.
To earn 2,000 Air Miles Reward Miles, you will need to be a new cardholder and spend $1,500 in purchases during your first 3 months of card membership.
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Optional balance transfer offer.
Balance transfer up to $7,500 or up to 50% of your credit limit (whichever is less) of existing debt to your new AIR MILES Platinum credit card. You will receive a low interest rate of 1.99% for a period of 6 months. After 6 months, the revert rate of 22.99% will kick in.
The balance transfer offer is only available at the time of online application and is subject to eligibility. In addition, any missed payments on the transferred amount will be charged at a rate of . There is no balance transfer fee at the time of application.
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Earn 1 Air Mile for every $10 spent at eligible stores.
1 mile per $10 spent at eligible sponsors, stores, drugstores and gas stations, 1 mile per $15 on all other spend
You’ll also like …
- Travel accident insurance coverage.
Receive $100,000 Travel Accident Insurance. This can help provide peace of mind when travelling around Canada or overseas.
- Flexible rewards.
Redeem your Air Miles points for more than 1,000 different rewards. Choose from flights, hotel stays, movie tickets, electronics, merchandise and more.
- Earn twice the Miles.
Earn twice the Air Miles Reward Miles when you shop with your AIR MILES Platinum Card at participating Air Miles Sponsors and show your Air Miles Collector Card.
What to watch out for
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Annual fee.
The card’s annual fee is $65. However, if you use the rewards and perks, you may find the annual fee is worth the expense. Additional cards are available free of charge, which means you can share them with your friends and family to rack up your Air Miles points faster. Remember that you will be responsible for all purchases made by additional cardholders.
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The balance transfer offer ends after 6 months.
The optional balance transfer offer will come to an end after 6 months, which means your balance will face the revert rate of 0%. Try to pay off your debt before the 6 months period is up in order to save on interest charges.
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Not as widely accepted overseas.
Compared to Visa and Mastercard, American Express is much less widely accepted in locations across Canada, the US and around the world. This might provide you with less opportunity to use the card, and therefore less opportunity to reap the rewards.
Consider other cards if …
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You don’t use Air Miles.
If you don’t collect and redeem Air Miles Reward Miles, a different card will likely suit your needs better. This card is tailored toward customers who frequently travel and take advantage of the Air Miles offers, as well as the host of travel insurances on offer. If you prefer to collect Aeroplan Miles or Amex Membership Rewards, a different American Express card may be a better fit.
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You don’t want to pay an annual fee.
The American Express AIR MILES Platinum Credit Card comes with an annual fee of $65. If paying an annual fee is not in your best interests, consider looking into a no annual fee credit card.
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You want extensive travel insurance.
The AIR MILES Platinum Card offers basic travel insurance, however the insurance on offer is less extensive than many other American Express cards. If you’re looking for additional coverage such as lost or stolen baggage, cancelled trip or flight insurance and more, a different Amex card will likely suit your needs better.
Compare other American Express credit cards
What should I know before I apply?
To apply for the American Express AIR MILES Platinum Credit Card, you will need to meet the following criteria:
- Be at least 18 years old, or the age of majority in your province or territory.
- Be a Canadian citizen or a permanent resident with a valid Canadian credit file.
What credit score do I need?
Having a good to excellent credit score of 650 or higher will give you a better chance of your application being approved. Also having a relatively high annual income or combined household income may be beneficial for approval.
Other factors that might affect your odds of approval include:
- Few hard inquiries on your credit report. Having several hard pulls listed on your credit history can indicate to lenders that you’re desperate for credit or have trouble managing your current debt. The provider may be less likely to approve your application if this is the case.
- Factors that tie into your credit score. Your credit utilization ratio can play a major factor in the approval of your application. Customers who have low balances relative to their credit limits are usually preferable to providers.
What do customers say about this credit card?
Customers say positive things about the American Express AIR MILES Platinum Credit Card, although there have been complaints about the inflexible policies of the Air Miles program itself. Customers are pleased with the relatively low annual fee of the credit card and the perks and rewards offered by this card.
On the other hand, customers note that American Express tend to have inflexible company policies, but cardholders say positive things about the customer service team, who provide prompt and helpful service.
How to apply for the American Express AIR MILES Platinum Credit Card
- Click Go to site on this page to be directed to the American Express AIR MILES Platinum Credit Card page, and click Apply Now Securely.
- Complete the application with information including your full name, home address, income and financial details.
- Review and submit your application.
How long will it take to get my American Express AIR MILES Platinum Credit Card?
Pre-approval for an American Express credit card is automated on the website, which means you may get a decision on your application within just 30 seconds. If there are issues with your application, such as missing information, it may take a few days or even weeks to hear back.
Once your application has been approved, you’ll typically receive your card in the mail within 5 to 10 business days.
I got the card. Now what?
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Make your repayments.
Register for an account on the American Express website to pay your balance online and enroll in autopay. Since this card is a regular credit card, you are not obligated to pay off the balance in full each month. If you don’t pay the full balance each month however, you will face a 19.99% APR. -
Avoid fees.
Late and returned payments will incur fees, so be sure to pay on time. If you’re enrolled in autopay, be sure to have enough funds in your account to pay off your balance each billing cycle. -
Contact American Express.
If you’re not able to find what you need on the American Express Canada website, call 1-800-243-0198 and speak to a customer service representative.
Bottom line
The American Express AIR MILES Platinum Credit Card can be an affordable travel companion if you’re looking for a way to rack up Air Miles through your everyday spending. In addition, this card can help you save on interest charges if you take advantage of the balance transfer offer.
However, if you’re looking for a no annual fee card or you simply don’t collect Air Miles Reward Miles, you may want to consider a different type of credit card that is better tailored toward your financial situation and spending habits.
Back to topFrequently asked questions about the American Express AIR MILES Platinum Credit Card
Pictures: americanexpress.com/ca
