Loyalty ConciergeLoyalty Concierge

American Express Platinum Card Review (Canada)

The Platinum's value hinges on lounge access and credits — not everyday earn.

Updated June 20, 2026 · 4 min read · By Loyalty Concierge Editorial

AMEX · AMEX

American Express Platinum Card

Annual fee $799 · FX 2.5%

Best for: Frequent travellers, Lounge access

Verdict

Worth it if you use lounges 6+ times/year and the $200 travel credit.

Who should get this card

  • • Frequent Canadian flyers
  • • Lounge users

Who should avoid it

  • • Occasional travellers
  • • Anyone unable to use the credits

Pros & cons

Pros

  • +Best Canadian lounge access
  • +$200 travel credit
  • +Concierge

Cons

  • −$799 fee
  • −2.5% FX

Earn rates

  • 3x MR — Dining & food delivery
  • 2x MR — Travel booked with Amex Travel
  • 1x MR — Everything else

Alternatives to consider

SCOTIA · VISA

Scotiabank Passport Visa Infinite

Annual fee $150 · FX 0%

Best for: No-FX travellers, Lounge on a budget

AMEX · AMEX

American Express Gold Rewards Card

Annual fee $250 · FX 2.5%

Best for: Balanced points earners, Aeroplan transfers

RBC · VISA

RBC Avion Visa Infinite

Annual fee $120 · FX 2.5%

Best for: Avion transfer partners, Any-airline travel

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