Review: American Express Platinum Rewards Card

Charlotte Sinclair
by Charlotte Sinclair September 8, 2016 / No Comments

The American Express Platinum Rewards Card has a number of benefits. It allows you to earn points at an accelerated pace, provides you with access to airport lounges, and comes with a $200 annual travel credit and generous insurance coverage.

As a platinum cardholder, you’ll automatically be enrolled in the Membership Rewards First Tier of the Membership Rewards program and earn 1.25 points for each dollar charged to your card. As a new cardholder, you’ll get 50,000 bonus points when you use your card to make $3,000 in purchases in the first three months.

The card also gives you access to the Canadian Platinum Lounge Benefit (which provides you complimentary airport lounge access at most major Canadian airports regardless of the fare purchased or the airline booked) and the Airport Club Program, which gives you complimentary lounge access in the United States or internationally when travelling on a specific airline.

There are also a number of credit card insurance products included with the card: Emergency medical insurance, car rental theft damage insurance, flight delay insurance, baggage delay insurance, lost or stolen bag insurance, hotel/motel burglary insurance, travel emergency assistance, $500,000 travel accident insurance, trip cancellation insurance, and trip interruption insurance.

All these features come at a high cost: A $699 annual fee. Although this is expensive, if you take advantage of all of the card’s features you may end up finding it worth the additional cost. Note that this card is a charge card and the balance must be paid in full each month or you’ll be charged a 30% annual interest rate.

If you’re looking for a superior travel rewards card, you may have found your match. The American Express Platinum Rewards Card lets you earn points that can be redeemed for travel, dining, entertainment, and retail rewards. You can even transfer your points to other loyalty rewards programs such as Aeroplan.

American Express Platinum Rewards Card


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  • $699 annual fee
  • Earn 1.25 Membership Rewards points for every $1 in spending
  • New cardholders receive 50,000 bonus Membership Rewards points if they spend $3,000 in the first three months
  • Get access to numerous airport lounges

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