American Express Platinum Card®
Rewards Calculator Algorithm
You can either estimate rewards by inputting your spending habits manually or creating secure bank connections through our trusted financial partner mx.com and letting Finly analyze your spending in the past year.
Total Spending
Modify your spending numbers and click update to get the most accurate reward estimates.
$0
Card Details
Annual Rewards
$570.43
AmericanExpress rewards
First Year Bonus
$0
AmericanExpress rewards
Annual Fee
$799
First Year Value
-$228.57
Interest Rates
Cash Advance: 21.99% - 30%*
Purchase: 21.99% - 30%*
Annual Fee
$799
Annual Income
Personal: N/A
Household: N/A
Credit Score
Good
Welcome Bonus
Earn 70,000 points after spending $10,000 on your Card within the first 3 months as a new Platinum® Cardmember. Earn an additional 30,000 points when you make a purchase between 14 and 17 months of Cardmembership. Current or former Cardmembers with this Card are not eligible for these offers. Other terms apply.
Card Type
Reward: Points
Loyalty Program: American Express Membership Rewards
Our Rating
4/5
Institution
American Express
Rewards†
- 2x points per $1 spent on eligible dining & food delivery purchases (restaurant, fast food, coffee shop, food delivery)
- 2x points per $1 spent on eligible travel purchases (flights, hotels, tours and more)
- 1x point per $1 spent for all other purchases
AmericanExpress Platinum Card® Points Calculator
Based on average spending
Rewards Ranking
Rewards Breakdown
Food and drinks
8,400 points
Travel
2,400 points
All other purchases
16,363 points
Annual Fee
- $799
Net Annual Rewards
27,163 points
Valued at $-228.57 (after fees)
Rewards Summary
Net Annual Rewards
27,163 points
Valued at -$228.57 (after fees)
Welcome Bonus
0 points
First Year Value
27,163 points
Valued at $-228.57
Point Redemptions
Note: A negative redemption value indicates that redeeming your rewards using that method might lead to a situation where the value you get is less than what you pay for as the annual fee of the card based on your spending habits, however this does not take into account the value you get from extra benefits.
Redemptions Chart
Transfer to Airline Partners
-$228.57
Fixed Point Travel Program
-$348.09
Transfer to Hotel Partners
-$483.91
Statement Credits
-$527.37
Gift Cards
-$591.2
Amazon
-$608.86
Merchandise
-$627.87
Insurance & Benefits†
Insurance
Coverage
Emergency Out of province Medical
$5 Million per insured, 15 days
Trip Cancellation
$2500 per person, $5000 combined
Trip Interruption
$2500 per person, $6000 combined
Flight Delay
$1000 after 4 hour delay
Baggage Delay
$1000 after 6 hour delay
Hotel Burglary Insurance
$1000
Lost or Stolen Baggage
$1000
Travel Accident
$500,000.svg)
Car Rental Damage & Theft
$85K, up to 48 days
Purchase Protection
120 days, Up to $1K
Extended Warranty
1 year
Benefits
Details
.svg)
Travel Credit
$200
Dining Credit
$200 at Select Restaurants
Nexus Application
$100 statement credit every 4 years
Airport Lounge - American Express Global Lounge
Unlimited Access for you and a Guest!
Complimentary Hotel Benefits
Hotels booked American Express Travel.svg)
Status lift
Upgrade to Hilton Honors Gold StatusStatus lift
Upgrade to Marriott BonvoyTM Gold Elite status
Airport Benefits
At Toronto Pearson Airport get Priority Security lane, Complimentary valet and 15% discount at the Express Park and daily park.svg)
Concierge Services
Trip and legal Assistance
American Express Experiences
Extra points
Earn 2 points on Amex Travel Online purchases and extra points on American Express offers
Pros & Cons
Pros
- Offers more perks than any other credit card in Canada, catering to premium users who value extensive benefits.
- Enjoy $400 in annual travel and dining credits, which can offset some of the card's cost.
- Gain unlimited access to over 1,300 airport lounges worldwide, enhancing your travel experience.
- Multiple options for redeeming points for high value, giving you flexibility in how you use your rewards.
- Includes 11 types of insurance coverage, offering comprehensive protection for cardholders.
Cons
- As with other American Express cards, it may have lower acceptance in some locations compared to other networks.
- The high annual fee of $799 may be a barrier for some users, especially those who do not fully utilize the card's benefits.
- Some benefits are limited to specific airports and hotels.