Sign up & start saving!
Our monthly newsletter is launching soon with the latest in money news, credit card offers + more ways to save
Up to 3x points per $1 spent
The card comes with a hefty annual fee of $699. If you’re looking to collect Membership Rewards quicker by handing out cards to your family members, you’ll be looking at $175 annually for each additional card. You can however, receive additional Gold Cards for $50 annually.
Your purchases are approved based on a variety of factors such as your credit record, account history and personal resources. No Pre-set Spending Limit on purchases does not mean you have unlimited spending.
Unlock special experiences such as luxurious dining options and premium travel benefits. This includes access to special culinary experiences with the Global Dining Collection. You’ll also have access to hotel and car rental companies’ loyalty programs. Partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group Hotels and Resorts, Hertz and Avis. Plus, take full advantage of The American Express Global Lounge Collection which unlocks access to over 1200 airport lounges worldwide.
Get premium benefits at the Toronto Pearson International Airport such as discounted car parking.
You can look forward to complimentary benefits and discounts at over 1,000 properties across the globe when you book through Fine Hotels & Resorts.
Buyer’s assurance doubles the manufacturer’s warranty (up to one year) when you use your American Express credit card to purchase the item. Your eligible items are also covered against theft and accidental damage with Purchase Protection.
Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program.
The card’s annual fee is $699. However, with so many rewards, the cost of the card may be worth the expense.
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.
If you’re looking to reap the benefits of cash back, you may want to consider a cash back rewards card. These types of cards typically offer anywhere from 1-5% cash back on purchases. If you spend frequently on gas, groceries and dining out, a cash back rewards card may be more beneficial for you than a travel rewards card.
If you find that you don’t travel very often, then this may not be the right credit card for your needs. The Platinum Card from American Express is tailored toward frequent travellers who can benefit from using the insurance coverage as well as many of the other perks on offer including valet services, flight upgrades, airport lounge access and more.
To apply for The Platinum Card from American Express, you must be:
You’ll have a better chance of approval if you apply with a good to excellent credit score of 650 or higher. In addition to having a good credit score, a relatively high annual income or combined household income may be beneficial for approval.
Here are a few other factors that might affect your odds of approval:
Customers are very pleased with the benefits and perks of The Platinum Card from American Express, stating that it generally pays for itself over the course of a year if you make use of the rewards. Cardholders are pleased with the welcome bonus, the extensive travel insurance and the premium travel perks such as lounge access and valet services.
On the other hand, some negative reviews cite inflexible company policies. Positive reviews can be found about the customer service representatives, who are said to be prompt and helpful.
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 60 seconds. If there are issues with your application, it may take a up to 10 days to hear back.
Once your application has been approved, you’ll typically receive your card in the mail within 5 to 10 business days.
If you can afford the high annual fee, The Platinum Card from American Express can be a powerful travel companion. With a great Membership Rewards program, lounge access and extensive travel insurance coverage, you can find yourself travelling the world with peace of mind.
However, if you don’t pay off your balance each month in full or simply don’t want to pay such a high price for a credit card, you should consider different options. Before you apply for any credit card, compare a variety of different card options in order to find the right card for your spending habits and financial needs.Back to top
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.