My American Express Platinum Canada review is positive. If you’re a frequent traveller, want to travel like a VIP, or are trying to earn many points fast, this card is for you. You can easily get more than $2,000 in value in the first year, so the annual fee of $699 shouldn’t be a huge concern.
Is Amex in Canada worth it?
Amex’s premium cards have some of the best travel benefits, including unlimited airport lounge access, high insurance payouts, annual cash rebates, and automatic hotel status. They also have a few cash back cards. These don’t have category bonuses, but they’re great for other purchases.
Can Canadians get Amex Platinum?
The Amex Platinum can be hard to get, which is why we recommend you have a credit score of at least 650 when you apply. Don’t forget that the Amex Platinum in Canada carries a $699 annual fee.
Is Amex Platinum for rich people?
For example, in the case of the Amex Centurion Card – also known as “the Black Card” – you reportedly need to charge at least $100,000 across Amex credit cards every year to even qualify for an invite. The Platinum Card® from American Express is another exclusive credit card that millionaires tend to prefer.
What credit score is needed for Amex Platinum Canada?
The Credit Score Needed for the American Express Platinum. To apply for The Platinum Card® from American Express, you need to have a good or excellent credit score. This means you need a credit score of at least 700.
How much income do you need for Amex Platinum?
Annual income of $100,000 or more. Aged 18 years or over.
Does Costco take Amex in Canada?
If you’re wondering about what credit cards are accepted at Costco warehouses in Canada, the only accepted cards are Mastercard cards. Does Costco take American Express? Not anymore.
Does Amex Platinum Get You Into Air Canada lounge?
But this access is much more restrictive: you must have a ticket on Air Canada or a Star Alliance partner to be able to enjoy this access (whereas with the Amex Platinum Card, it doesn’t matter which airline). Plus, the Amex Aeroplan Reserve Card only gives you access to Maple Leaf Lounges in North America.
Is Amex Platinum worth it 2022?
Make no mistake — the Amex Platinum card is a premium card with a premium price tag. With amazing benefits like best-in-class airport lounge access, hotel elite status, and tremendous value in annual card credits, it can easily prove to be one of the most lucrative cards in your wallet year after year.
Is Amex Platinum difficult to get?
Yes, it is hard to get the American Express Platinum card because applicants need a 700+ credit score and a high income to qualify for approval. But if you have good or excellent credit and make a lot of money, you have a good shot.
What card do billionaires use?
Centurion® Card from
The credit card billionaires are most likely to use is the Centurion® Card from American Express, also known as the Amex Black Card, which has unique benefits and is reserved for high-net-worth individuals. Some of the rich and famous people rumored to have the card include Jerry Seinfeld and Halle Berry.
Is Amex Platinum impressive?
Your approval odds increase if you can responsibly manage a credit card. The Amex Platinum is one of the most prestigious travel credit cards you can own.
Why is Amex Platinum so popular?
The Amex Platinum is a premium credit card that offers a welcome bonus, luxury perks, and other value-added services. Cardholders benefit from Uber credits, airfare discounts, bonus points, cashback and much more. Unlike typical credit cards, this card allows you to carry a balance for certain charges, but not all.
Who usually gets approved for Amex Platinum?
Most Amex Platinum cardholders have a credit score of 670 or better, and relatively high income. But your score alone does not fully decide whether or not you will be approved. If you have a strong credit score with a few years of credit history and a decent annual income, you stand a good chance of being approved.
How do I get my Amex Platinum annual fee waived?
Here’s how to get the American Express Platinum card annual fee waived: Call the retention line: You can ask Amex to waive the annual fee by calling (800) 452-3945.
Does Amex verify income?
They will request tax returns and bank statements. What they’re looking for is to make sure the income you reported on the application is true. The process typically takes 2-3 weeks, and you’re assigned a specialist to talk to.
Is platinum Amex better than gold?
The American Express Platinum Card
There are obviously many more perks that come with the Platinum card than with the Gold, especially when you consider the higher annual fee. Rewards can be used for merchandise, gift cards, dining, shopping, entertainment, or for use at the Amex travel website.
Why do the wealthy use Amex?
‘ Their cards offer some of the best rewards and insurance programs. Many offer concierge services that can be used with the rewards points. Why do rich people always buy expensive stuff and not cheap stuff?
Why don’t people take Amex?
The different fees often make or break a deal for a merchant. This is why many merchants, especially small businesses, don’t accept American Express. American Express’ interchange fee is just too high. Providers like Visa and Mastercard charge between 1.15% and 2.5%, while Amex charges merchants between 1.43% and 3.3%.
Who doesnt accept Amex Canada?
Some of the largest Canadian retailers that don’t accept American Express credit cards are Costco and Loblaws companies. This is doubly unfortunate because Amex issues the Cobalt card, one of the best cards to use at grocery stores with its earn rate of 5 Membership Rewards per dollar.
Where can I not use Amex in Canada?
Loblaws, with the exception of Shoppers and Costco, are excellent examples of large retailers that don’t accept American Express credit cards. Other than these retailers, you should be able to use your American Express credit card everywhere you shop.