The Platinum Card®

The Platinum Card®: interest rates, available limits, cashback and bonuses. Full conditions for obtaining a credit card online. The procedure for registration and receipt online or at a bank branch. Features.


About The Platinum Card®

The Platinum Card® is an award-winning charge card with extensive reward-earning opportunities and flexibility in payment. Platinum Card® cardholders can also get the advantage of VIP benefits from American Express.

The Platinum Card® features

The Platinum Card® is a charge card with no pre-set spending limit. Still, your purchases are subject to approval based on your credit history, account history, and personal resources.

With the Platinum Card®, you can choose between Due in Full and Flexible Payment Option balances. If you opt for an All Due in Full balance, you must repay your balance in full each month. Otherwise, 30% interest will apply.

In case of a Flexible Payment Option balance, a 20.99% interest rate will apply.

The annual fee for the Platinum Card® is $699, and you can issue up to 9 supplementary cards. The annual fee is $175 for each Additional Platinum Card and $50 for each Additional Gold Card.

New Platinum Card® cardholders can earn 60,000 Membership Rewards® points upon spending $6,000 and more in the first three months.

For purchases made with your Platinum Card® at restaurants, coffee shops, drinking establishments, and food delivery services, you will earn 3 Membership Rewards points for every $1 spent. You will earn 2 Membership Rewards points for travel purchases for every $1 spent. For all other eligible purchases made with your Platinum Card®, you will earn 1 Membership Rewards point for every $1 spent. 

For hotel and car rental bookings made through the American Express Travel website, you will earn one additional Membership Rewards point for every $1 spent.

You can use your Membership Rewards® points to make a statement credit towards eligible purchases, pay for travel expenses, buy merchandise and gift cards, pay for Amazon.ca purchases, or transfer points to other loyalty programs.

Along with rewards, Platinum Card® cardholders get the following travel benefits:

  • American Express Global Lounge Collection providing access to VIP airport lounges around the world

  • A CAD 200 Annual Travel Credit to use at the time of travel booking through American Express Travel Online at americanexpress.ca/travel

  • A CAD 100 NEXUS statement credit to apply toward an application or renewal fee 

  • Fine Hotels + Resorts providing a range of amenities and room upgrades

  • Hotel Status Benefit providing complimentary higher-tier status in leading hotel loyalty programs 

  • Benefits at Toronto Pearson International Airport including access to the expedited Pearson Priority Security Lane, complimentary valet service, and discounts on parking

  • Platinum Concierge service providing personal assistance with a variety of requests

  • American Express Travel Online deals and offers on select hotel and car rental bookings

  • American Express® Experiences providing access to presale and reserved tickets to a variety of events plus various onsite benefits

  • Amex Offers providing additional rewards for your everyday purchases

Pros and cons

The Platinum Card® provides you with a range of benefits, including:

  • A variety of reward-earning and redemption opportunities 

  • Exclusive privileges from American Express

  • Extensive insurance coverage 

  • Eligibility for Plan It™ 

  • 24/7 customer service 

  • Credit card protection capabilities

Significant disadvantages are: 

  • A $699 annual fee

  • Minimum points per redemption requirements

  • The lack of mobile device insurance

How to apply for the Platinum Card®

You can apply for the Platinum Card® online by clicking the “Apply Now” button on the credit card description page and filling out the application form with the following details:

  • Your first name

  • Your middle name

  • Your last name

  • Your name on the card

  • Your email

  • Your date of birth

  • Your postal code

  • Your social insurance number (optional)

  • Your phone number

  • Your address

  • Your personal annual income

  • Your other household income

  • Your employment status

  • Your employer name

  • Your work phone number

Next, create a PIN and specify if you want to receive Online-Only Statements, order supplementary cards, or add AMEX® Account Protector Ultimate. After that, review your applicant information, agree to the terms and conditions, and click the “SUBMIT” button to finish your application.

How can I get assistance with a travel emergency?

Your Platinum Card® is eligible for travel emergency assistance, which means you can count on out-of-town worldwide emergency medical assistance services and legal referrals. For assistance, call the Travel Emergency Service at 1-800-678-5523.
What coverage does car rental theft and damage insurance provide? Car rental theft and damage insurance included in your Platinum Card® provides coverage for a lost, stolen, or damaged car with an MSRP of up to $85,000 for rentals of 48 days or less.
How do I use a CAD 200 Annual Travel Credit? You can use a CAD 200 Annual Travel Credit when booking travel through American Express Travel Online at americanexpress.ca/travel. To use your Travel Credit, you must have the travel booking charged to your Platinum Card® account. Once you choose to use the Travel Credit, expect it to appear in your Card account within two business days.

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21.11.2022
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Last update 29.11.2022