Best for balance transfers:
The Platinum Card from American Express
Min. credit score
Annual fee
Membership Rewards
Welcome offer
- Signup bonus. Earn up to 80,000 Membership Rewards points. Earn 60,000 Welcome Bonus points after you charge $6,000 to your card in the first 3 months. Plus, earn 20,000 points when you make a purchase between 14 and 17 months of Cardmembership.
- Annual fee. This card has a $699 annual fee.
- Additional cardholders. You can get an additional card for $175.
- Earn rewards. Earn 3 points for every $1 spent on eligible dining and food delivery in Canada, 2 points for every $1 spent on eligible travel, and 1 point for every $1 spent elsewhere.
- Earn even more. You'll get complimentary lounge access worldwide, benefits with Fine Hotels + Resorts, personalized concierge service and Hotel Status Benefit to help fast-track points earned towards hotel loyalty programs. You'll also get access to benefits at Toronto Pearson International Airport including valet service, discounts on parking and access to Pearson Priority Security Lane.
- Rental car. Complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000).
- Foreign currency. You'll face a foreign transaction fee of 2.5% every time you use your card overseas or online with international retailers.
Annual Fee | $699 |
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Purchase APR | |
Balance transfer APR | N/A |
Welcome offer | Earn up to 80,000 Membership Rewards points. Earn 60,000 Welcome Bonus points after you charge $6,000 to your card in the first 3 months. Plus, earn 20,000 points when you make a purchase between 14 and 17 months of Cardmembership. |
Rewards | Earn 3 points for every $1 spent on eligible dining and food delivery in Canada, 2 points for every $1 spent on eligible travel, and 1 point for every $1 spent elsewhere. |