American Express Platinum Card
Last updated:
$799/year
Earn up to 80,000 MR points
Earn 80,000 Membership Rewards points when you spend $10,000 in the first 3 months.
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Key Details
Annual Fee
$799
Network
amex
Credit Required
excellent
Reward Type
travel, points
Rewards Earn Rates
1x
Groceries
1x
Gas
3x
Dining
2x
Travel
1x
Everything Else
Highlights
- $799 annual fee
- Unlimited airport lounge access (Priority Pass + Amex Centurion)
- Up to $200 annual travel credit
- 3x points on dining, 2x on travel, 1x everywhere else
Pros & Cons
Pros
- + Unlimited Priority Pass + Centurion lounge access
- + $200 annual travel credit offsets fee
- + Strong travel insurance package
- + Amex Fine Hotels & Resorts benefits
Cons
- – Very high $799 annual fee
- – Amex not accepted everywhere
- – Need to travel frequently to justify cost
- – 2.5% FX fee on foreign purchases
Who Is This Card For?
The American Express Platinum Card is best suited for Canadians who prioritize travel, lounge-access, premium spending. At $799/year, it's worth it for those who spend enough in bonus categories to offset the fee.
Benefits Breakdown
Lounge Access
Priority Pass, Amex Centurion, Plaza Premium
Extended Warranty
Purchase Protection
90 days
Rental Car Insurance
Concierge Service
Insurance Coverage Details
Additional Perks
- $200 annual travel credit
- Amex Fine Hotels & Resorts
- Priority Pass Select
- Marriott Bonvoy Gold status
- Hilton Honors Gold status
Ways to Reduce the Annual Fee
- $200 travel credit brings effective fee to $599
- Lounge access saves $50+ per airport visit
- Call retention after year 1 for fee rebate offers
- Hotel status alone can be worth $200+/year for frequent travellers
Multi-Card Strategy
Pair with Amex Cobalt for 5x dining/groceries. Use a Visa/MC for non-Amex merchants. The Cobalt + Platinum combo is one of the strongest in Canada.
See full multi-card strategies →Is this card worth it for you?
Use our rewards estimator to see how much you'd earn based on your spending.
Frequently Asked Questions
Ready to Apply?
Visit the issuer's website to confirm current terms and apply.
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Sources
Last verified: 2026-03-01. Offers and terms can change. Always confirm details on the issuer's website before applying.