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American Express Platinum Card review

4.7Rated by the CreditCardGuru Editorial Team

Canada's flagship premium travel card. The lounge access, travel credits and hotel status can outweigh the steep fee for those who travel often — and the points are the most flexible going.

At a glance

Annual fee
$799
Welcome bonus
~$1,200
Foreign tx fee
2.5%
Network
AMEX
Rewards
points
Purchase APR
21.99%

Rewards & earn rates

Dining & food delivery3x
Travel2x
Everything else1x

Welcome offer: Up to 110,000 Membership Rewards points.

Pros & cons

Pros

  • Best lounge access in Canada
  • Premium travel credits and hotel status
  • Flexible, transferable Membership Rewards points

Cons

  • $799 annual fee
  • 2.5% foreign transaction fee

Perks & insurance

Key perks

  • Unlimited airport lounge access (Centurion, Priority Pass & more)
  • $200 annual travel credit
  • Hotel elite status & NEXUS rebate
  • Transfer points 1:1 to airline & hotel partners

Insurance

  • Comprehensive travel emergency medical
  • Trip cancellation & interruption
  • Flight & baggage delay
  • Rental car collision/loss damage

Rates & fees

Annual fee
$799
Purchase interest
21.99%
Cash advance
21.99%
Foreign transactions
2.5%

Compare American Express Platinum Card with…

vs American Express Cobalt Cardvs Scotiabank Gold American Express
Last updated June 1, 2026Reviewed by CreditCardGuru Editorial Team

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