The Platinum Card (Canada)

The Platinum Card from American Express in Canada has an $799 annual fee and earns 2x Membership Rewards points on travel and dining. It adds a $200 annual travel credit, a $200 dining credit, Global Lounge Collection access, hotel benefits and trip cancellation and interruption insurance, but charges a 2.5% foreign currency commission.

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Facts last verified October 28, 2026 against the issuer's own pages. Rates and offers change; confirm with the issuer.

Amex Platinum at a glance

A premium charge card with annual travel and dining credits, global lounge access and the broadest insurance in this guide.

Annual fee: $799 (basic card)
Purchase interest rate: Charge card, balance due monthly
Foreign transaction fee: 2.5%
Network: American Express
Rewards program: Membership Rewards
Lounge access: Global Lounge Collection (1,550+ lounges); Plaza Premium and Priority Pass visits become limited from 2027 unless $20,000 is spent in a year
Baggage benefit: None stated
Minimum income: No minimum income stated

Best premium travel card
Best for airport lounge access
Best for flexible travel rewards
Best for built-in travel insurance

Key benefits of the Amex Platinum

$200 annual travel credit and $200 dining credit
Global Lounge Collection access
Trip cancellation and interruption insurance

Current offer: Up to 100,000 Membership Rewards points.

70,000 after $10,000 in 3 months, plus 30,000 on a purchase in months 15 to 17. No end date shown.

Offer checked October 28, 2026. Offers can differ by province and can be withdrawn at any time.

How Amex Platinum earns and redeems rewards

Earn rates for The Platinum Card (Canada)
Where you spend	Earn rate
Dining and food delivery in Canada	2x points per $1
Eligible travel: flights, hotels and tours	2x points per $1
Everything else	1x point per $1
Eligible hotel or car rental booked on Amex Travel Online	1 extra point per $1

Points can be used for statement credits, travel booked through Amex Travel, gift cards, or transfers to frequent flyer and hotel programs. American Express states no fixed cents-per-point value on the card page, so value depends on how you redeem.

Travel insurance included with the Amex Platinum

Emergency medical: Up to $5,000,000 for the first 15 consecutive days, for insured travellers under age 65.
Trip cancellation and interruption: Trip cancellation up to $2,500 per insured person ($5,000 for all insured persons combined); interruption up to $2,500 per person ($6,000 combined).
Flight delay and baggage: Flight delay of 4 hours or more and baggage delay of 6 hours or more share up to $1,000; lost or stolen baggage up to $1,000 per trip.
Conditions and exclusions: Travel arrangements generally must be charged to the card. All cover is subject to the master policy's limits and exclusions; Quebec residents should read the Insurance Summary and Fact Sheet.

Card insurance is narrower than a standalone policy. Compare travel insurance for Canadians if your trip is long, you are 65 or older or you have a health condition.

Who can apply for the Amex Platinum

Canadian resident with a Canadian credit file
Age of majority in your province or territory
Subject to credit approval
Charge card: the balance is due in full each month unless you use the Flexible Payment Option

Advantages and drawbacks

Advantages

Annual travel and dining credits offset part of the fee if you use them
Global Lounge Collection access and hotel status benefits
Broad insurance, including trip cancellation and interruption
Flexible points with airline and hotel transfer options

Drawbacks

The $799 annual fee is among the highest in Canada
Only 2x on travel and dining and 1x elsewhere
2.5% foreign currency commission on foreign purchases
From 2027, complimentary Plaza Premium and Priority Pass visits are capped unless you spend $20,000 in a calendar year

Amex Platinum compared with similar cards

The Platinum Card (Canada) compared with similar travel credit cards
Card	Annual fee	Foreign fee	Rewards	Lounge
Amex Platinum	$799	2.5%	Membership Rewards	Global Lounge Collection (1,550+ lounges); Plaza Premium and Priority Pass visits become limited from 2027 unless $20,000 is spent in a year
Amex Cobalt	$191.88	2.5%	Membership Rewards	None included
Scotiabank Passport	$150	None	Scene+	6 free lounge visits a year (Visa Airport Companion Program)
TD First Class Travel	$139	2.5%	TD Rewards	4 free lounge visits a year (Visa Airport Companion Program)

Amex Platinum FAQs

How much is the Platinum Card annual fee in Canada?

The basic card costs $799 a year. Additional Platinum Cards cost $250 each, and the first two additional Gold Cards are free, then $50 each. Weigh the fee against the credits and benefits you would actually use.

What credits does the Platinum Card include?

American Express lists a $200 annual travel credit and a $200 annual dining credit at a curated list of Canadian restaurants. It also lists up to $240 in Instacart credits within 12 months, until 2027-12-31, and a NEXUS fee credit of up to $100. Each credit has its own conditions, so read them before counting them toward the fee.

Does the Platinum Card have a foreign transaction fee?

Yes. American Express charges a 2.5% foreign currency commission on purchases in other currencies. That adds up on long international trips, so a no-fee card may be a better everyday card abroad.

What lounge access does the Platinum Card give?

It includes access to the American Express Global Lounge Collection, which American Express describes as 1,550+ lounges in 500+ airports. From 2027-01-01, complimentary Plaza Premium and Priority Pass visits are limited each year unless you reach $20,000 in eligible spending in a calendar year. Other lounges in the collection stay unlimited.

Is the Platinum Card worth it for occasional travellers?

Usually not, because the fee is high and the benefits reward frequent use. Add up the credits, lounge visits and hotel perks you would really use in a year and compare the total with $799. If the gap is small, a lower-fee card is simpler.

Sources and last verified date

Facts on this page were last verified on October 28, 2026. We use the issuer's own pages first and leave out anything we cannot confirm.

The Platinum Card (issuer) (opens in a new tab)

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