The main reason to get this card is for the welcome bonus. It consistently has one of the best sign up offers. When you look at everything included, the American Express Platinum card is one of the best travel credit cards in Canada.
Is it worth having American Express in Canada?
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.
Does Amex Platinum work in Canada?
In Canada, the Amex Platinum Card costs $699 per year. This annual fee covers the cost of worldwide airport lounge access, a $200 annual travel credit, worldwide travel insurance, 80,000 welcome bonus points, and more.
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.
Why Amex is not popular in Canada?
Many retailers don’t accept American Express because they have their own branded credit cards they’d prefer you to use. In addition, due to a higher fee AMEX charges its retail partners (than Visa or Mastercard), many opt out of accepting an American Express credit card.
How much income do you need for Amex Platinum?
Annual income of $100,000 or more. Aged 18 years or over.
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 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.
What credit score do you need for Amex Platinum Canada?
700
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.
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.
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 cards do billionaires use?
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 for rich only?
No,. American Express is not specifically for rich people, even though it does have a high level of status in many people’s minds. Applicants need good or excellent credit scores of 700+ to qualify for Amex credit cards, and you don’t need to be rich to have a good credit score.
Does Costco accept Amex 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.
How many Canadian users does Amex have?
Canadian consumers currently use over 5 million American Express Cards. This represents a huge number of potential customers. With such a strong, long-term loyalty to the brand it makes sense that customers might not patronize a business that doesn’t accept their Amex card.
Who qualifies for a platinum Amex?
The card has a $695 annual fee. What credit score do I need to get the American Express Platinum? The Platinum Card® from American Express requires good to excellent credit to qualify. This is typically defined as a credit score of 690 or better.
Do you have to pay off Amex Platinum every month?
You must pay at least the Minimum Payment Due by the Payment Due Date each month. The Minimum Payment Due includes all charges that were not added to a Pay Over Time and/or Cash Advance or Plan balance, plus a portion of your Pay Over Time and/or Cash Advance balance, any interest accrued, and any Plan Payment Due.
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.
Is there anything better than Amex Platinum?
This next pick is the most obvious one. The Chase Sapphire Reserve always goes head-to-head with the Amex Platinum, and Chase even raised the card’s annual fee to $550 in 2020. Now that the Amex Platinum has a $695 annual fee (see rates and fees), it makes the Sapphire Reserve the more affordable option.
Does Tim Hortons accept Amex?
“We know that our Cardmembers want to use their Amex, not just for big ticket items but for everyday purchases like filling up their car, shopping at the pharmacy or grocery store and picking up a coffee and Panini at Tim Hortons. We’re proud to say that now they can.”
Does Mcdonalds take Amex?
You can register Visa, MasterCard, American Express and Discover. Payment cards registered must be issued by a U.S. bank. If you have an iOS device, and your card is registered to your Apple Wallet, Apple Pay will automatically display as a payment option within the McDonald’s app.