American Express Platinum Card

American Express Platinum Card

Reviewed by Jen, founder of MoneyMint · Updated September 25, 2026

American Express Platinum Card
American ExpressPremium Card

American Express Platinum Card

Our take: strongest for dining and travel — about 3.4% back in value (est.) for $799 a year, plus a welcome bonus we value at roughly $1,700.

Welcome bonusUp to 100,000 Membership Rewards points
Apply on Amex’s site →

  • Goes straight to American Express
  • No cost to you
  • Our review

The American Express Platinum Card is Amex Canada’s flagship charge card, built around airport lounge access, an extensive insurance suite, and elevated travel perks for a $799 annual fee. Its $200 travel credit, $200 dining credit, and Global Lounge Collection access can be worth well more than the fee for frequent travelers who use them every year. For anyone who travels rarely or won’t use the included credits, that same $799 fee is hard to justify.

4.2out of 5

MoneyMint rating

#4 of 10 premium travel cards · How we rate

Rewards value
4/10
Insurance
10/10
Flexibility
7/10
Welcome bonus
10/10
Fee value
0/10
Perks
10/10

≈ $1,258

estimated first-year value after the annual fee, on a typical $2,050/month budget. Points are converted to dollars using MoneyMint’s own valuations — see our points value calculator for how each program is valued. See it for your spending →

At a Glance

Annual fee

$799/yr+$250/yr per additional Platinum card

Welcome bonus

Up to 100,000 ptstwo-tier offer, first year only

Rewards

~3.4%on dining (est. value)

Foreign transaction fee

Not disclosednot published by Amex, see note below

Suggested credit profile

Not publishedCanadian resident + age of majority required

Pros & Cons

Pros

  • American Express Global Lounge Collection — 1,550+ lounges across 500+ airports worldwide
  • $200 annual travel credit + $200 annual dining credit + up to $240 in Instacart credits
  • Extensive insurance suite with real, itemized dollar limits (e.g. $5,000,000 emergency medical)
  • Complimentary Hilton Honors Gold and Marriott Bonvoy Gold Elite status
  • Fine Hotels + Resorts perks worth roughly $550 USD per stay at 1,600+ properties

Cons

  • $799/year fee — one of the highest in the Canadian market, plus $250/yr per additional Platinum card
  • Unlimited Priority Pass/Plaza Premium lounge access becomes spend-gated ($20,000/yr) starting January 2027
  • Credits require active redemption — easy to leave value on the table if you don’t use them
  • Foreign transaction fee not published by Amex
  • No credit score or income minimum published, and no confirmed “Concierge” service like the U.S. Platinum card

Rewards & Earn Rates

Dining & food delivery2X points
Travel (flights, hotels, tours)2X points
Hotel or car rental via Amex Travel Online3X points1 extra point stacked on the 2X travel rate
Everything else1X point

Redeem Membership Rewards points at a flat rate of 1,000 points = $10 statement credit toward an eligible purchase. The bonus rate doesn’t apply if the merchant code falls outside an eligible category, or if you’re paying through a third-party payment service, a mobile card reader, or an online marketplace reselling other merchants’ goods.

Note: Amex’s official Canadian Platinum page does not name a specific grocery bonus category — groceries and most everyday retail purchases earn the base 1X rate.

Perks & Benefits

Lifestyle Perks

  • Global Lounge Collection — 1,550+ lounges, 500+ airports (unlimited Priority Pass/Plaza Premium access becomes spend-gated at $20,000/yr starting Jan 1, 2027)
  • $200 Annual Travel Credit via Amex Travel Online ($200+ booking)
  • $200 Annual Dining Credit at curated Canadian restaurants
  • Up to $240 in Instacart statement credits (12-month period, available until Dec 31, 2027)
  • $100 NEXUS application/renewal credit, every 4 years
  • Toronto Pearson Priority Security Lane, Terminal 1 valet, 15% off parking

Coverage & Transfers

  • Emergency medical insurance up to $5,000,000 (under 65, first 15 days)
  • Trip cancellation up to $2,500/person ($5,000 combined); trip interruption up to $2,500/person ($6,000 combined)
  • $500,000 travel accident (AD&D) insurance
  • Car rental theft and damage coverage up to $85,000 MSRP
  • Fine Hotels + Resorts — daily breakfast for two, 4pm late checkout, room upgrade when available, at 1,600+ properties
  • Complimentary Hilton Honors Gold and Marriott Bonvoy Gold Elite status

Worth Knowing

  • No explicitly named “Concierge” service on the Canadian card, unlike the U.S. Platinum card
  • Foreign transaction fee is not disclosed by Amex on any official page

Who It’s For

Best For

  • Frequent travelers who’ll actually use lounge access, and the travel and dining credits, every year
  • Readers who want strong, itemized travel insurance coverage
  • People who value hotel status (Hilton Gold, Marriott Gold) without meeting stay minimums
  • Cardholders comfortable running the math on whether $799/yr of credits and lounge value clears the fee

Not For

  • Infrequent travelers who won’t use the lounge, travel, or dining credits
  • Anyone wanting a simple, low-fee everyday card
  • Anyone carrying a revolving balance, given the FPO and delinquent-balance interest rates
  • Budget-conscious cardholders — $799/yr is a major commitment before any rewards are earned
IssuerAmex Bank of Canada
Annual fee$799/yr
Welcome bonusUp to 100,000 pts
Foreign transaction feeNot disclosed
MoneyMint rating4.2 / 5

Apply on Amex’s site →

This link goes directly to American Express’s official page. MoneyMint doesn’t currently have a paid partnership for this card, so this isn’t a monetized recommendation.

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4.2MoneyMint rating

American Express Platinum Card

Best for dining and travel · $799/year · ~$1,700 welcome bonus (est.)

Apply on Amex’s site →Find a better fit

J

Jen, founder of MoneyMint

Reviewed by Jen. Every figure on this page was checked against Amex’s official card page on September 25, 2026. How we rate cards →

This is general information, not personalized financial advice — consider your own spending habits and consult a professional for decisions specific to your situation. Rates, fees, and offers are set by American Express and can change without notice; always confirm current terms on the issuer’s official page before applying.

Frequently Asked Questions

What is the annual fee for the American Express Platinum Card?

The American Express Platinum Card has an annual fee of $799 CAD per year. Supplementary cards: $250/year for each additional Platinum Card; first two additional Gold Cards are free, then $50/year each after that.

What is the rewards rate on the American Express Platinum Card?

The American Express Platinum Card offers: 2X Membership Rewards points on dining and food delivery in Canada; 2X on travel; 1X on everything else. An additional +1 point (roughly 3X total) applies to eligible hotel and car rental bookings made through Amex Travel Online. Points redeem at a rate of 1,000 points = $10 statement credit.

Does the American Express Platinum Card have a welcome bonus?

Up to 100,000 Membership Rewards points combined: 70,000 points after $10,000 in purchases within the first 3 months of cardmembership, plus 30,000 more points for one purchase made between months 15 and 17 of cardmembership. Current or former Platinum Cardmembers are not eligible. Verified on Amex’s official page Sept 10, 2026; Amex does not publish a fixed expiry date and offers can change at any time, so confirm before applying.

What credit score do I need to qualify for the American Express Platinum Card?

Generally, you’ll want an excellent credit score to be considered for the American Express Platinum Card. Approval also depends on income and overall credit history, not credit score alone.

Does the American Express Platinum Card charge foreign transaction fees?

not publicly disclosed — confirm directly with Amex before travel