American Express Platinum
Amex Membership Rewards1.5¢ – 4.0¢
$799 annual fee
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The Amex Platinum is Canada's premium travel card, built for frequent flyers who value lounge access and flexible points transfers. Its 2x on travel booked through Amex, $600+ in annual credits, and lounge access make it a strong fit for high-spend travellers — the $799 annual fee is the tradeoff.
Earn Rates
🍽️ Dining2x✈️ Travel2x·Everything else1x
💡 3x only on Amex Travel bookings. $200 dining and $200 travel credits are statement credits.
Best For
Frequent travellers who will use airport lounges and max out the annual travel and dining credits.
Strengths
- ✓Global lounge access via Priority Pass and Centurion
- ✓$200 travel credit and $200 dining credit every year
- ✓Flexible MR points transfer to Aeroplan, Marriott, and Hilton
- ✓Comprehensive travel insurance including $500,000 flight accident coverage
- ✓Marriott Bonvoy Gold elite status included
Weaknesses
- ×$799 annual fee is one of the highest in Canada
- ×Amex not accepted at Loblaws, No Frills, or Superstore
- ×Weak base earn rates on non-travel and non-dining spend
- ×Requires high income to qualify ($200,000+ household recommended)
Annual Benefits
Will it pay for itself? Try the fee calculator →Airport lounge access, $200 dining credit, $200 travel credit, $200 Lululemon credit, Marriott Gold, premium insurance
Value: $600 first year
Welcome Bonus
Smart Bonus Strategy — Earn 110,000 points
Spend $10,001 within 3 months, then make one purchase between months 15–17
Minimum spend bonus
Spend $10,000 in 3 months
70,000 pts × 1.5¢+$1,050Month 15–17 bonus
one purchase required30,000 pts × 1.5¢+$450Min. spend earnings10,001 pts × 1.5¢+$150
Annual benefits × 2 yrsAirport lounge access, $200 dining credit, $200 travel credit, $200 Lululemon credit, Marriott Gold, premium insurance+$2,000
Annual fee × 2 yrs-$1,598
Net 17-month value+$2,052
⚠️ This bonus takes 17 months to fully earn — not all value is received in year 1. The total shown includes the full bonus across the entire earning period.
Compare to Similar Cards
American Express Green
Amex Membership Rewards1.5¢ – 4.0¢
$0 annual fee
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American Express Cobalt
Amex Membership Rewards1.5¢ – 4.0¢
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you could earn$1,294
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