The Platinum Card® has an annual fee of $699 and the additional card costs $175. The purchase interest rate is 30%. Plus, there is no limit on how much you can spend with the card. However, the cardholder who is unable to pay the full balance will be charged an annual interest of 30% on the unpaid balance at the end of the billing cycle. So, you are suggested to set your limit according to your affordability. Though the annual fee and the purchase interest rate seem high, the card offers many benefits and rewards.

The cardholder can earn a welcome bonus of 50,000 welcome rewards points if you make a purchase of $3000 in the first three months. You get to earn 3 points per dollar at eligible dinings in Canada, 2 points per dollar spent on eligible travel and1 point per dollar purchase everywhere else. You earn 15,000 membership bonus points when you refer the card to your friend and family. The cardholder has the opportunity to earn up to 225,000 referral points per year.

Apart from Reward points, many fascinating privileges await you. Holding this card, you get access to more than 1200 airport lounges worldwide like Plaza Premium Lounges and hundreds of domestic and international ones. American Express is in partnership with over 600 hotels and resorts across the world. That brings you bumper benefits and discounts while booking a stay with the card. You get access to a $200 CAD Annual Travel Credit. This can be used towards any single travel booking of $200 or more done with the Platinum Card. The booking must be made on www.americanexpress.ca/travel or through Platinum Card® Travel Service.

The cardholders get benefits like parking discounts at the Toronto Pearson Airport. Many other entertainment benefits, purchase protection, and travel benefits await you like access to special events. Moreover, you can have access to complimentary worth $500 USD when you plan trips through Amex’s  Fine Hotels and resorts portal. Click on Apply For This Card to learn more details!