Are you a Canadian resident looking for a credit card that offers unmatched benefits, exclusive travel perks, and a world of luxury travel experience? Look no further than the American Express Platinum Credit Card.

In this blog, we will not only dive into the reasons why the American Express Platinum card is one of the best credit cards in Canada and highly recommended by Chexy, but also explore various applications of this card and what you can achieve by leveraging its exceptional features. From its generous welcome bonus to its unparalleled benefits, let’s explore the possibilities that await you with the American Express Platinum card!

All About the American Express Platinum Card

Welcome Bonus: A Generous Kick-start

Upon acquiring the American Express Platinum card, you'll be greeted with an enticing welcome bonus of 80,000 Membership Rewards points (MR). To earn this fantastic reward, you only need to spend $10,000 within the first three months of card membership. These 80,000 Membership Rewards points are valued at about $800, giving you a significant head start on redeeming for exciting travel and lifestyle rewards.

If you are a Chexy user, you can nearly meet your Minimum Spending Requirement (MSR) by paying your rent with an American Express Platinum card. The average rent for a one-bedroom house in Toronto is $2,500, which almost equates to the MSR for the AMEX Platinum welcome bonus. 

In addition, you can earn an extra 30,000 points when you make an eligible purchase between your 14th and 17th month of card membership. Those points are valued at about $300.

The Annual Fee: Worth Every Penny

While the American Express Platinum card does come with a high annual fee of $799, don't let it deter you from getting the card. The vast array of benefits and perks more than justifies this cost. The value you receive from the card's offerings can easily surpass the annual fee, making it a compelling choice for those seeking an elevated credit card experience.

We will explore expected rewards and benefits further in this blog, which easily surpass the annual fee.‎

Card Offerings: Earn and Redeem in Style

The rewards system of the Amex Platinum card is designed to spoil you with every purchase:

2 MR Points on Eligible Dining and Food Delivery Purchases: 

Enjoy dining out or ordering in while earning 2 MR points for every dollar spent on eligible dining and food delivery card purchases, making your gastronomic experiences even more delightful.

2 MR Points on Travel purchases: 

For every dollar spent on eligible travel purchases, you'll earn 2 MR points. From flights and hotels to car rentals and vacation packages, your adventures will be rewarded generously.

1 MR Point per Dollar on Everything Else:

Even when you're not dining or travelling, the Amex Platinum card continues to impress with 1 MR point earned for every dollar spent on other everyday purchases.

Points Transfer to Other Loyalty Programs:

One of the standout features of this card is the ability to transfer your MR points to various loyalty programs like Aeroplan on a 1:1 basis, allowing you to maximize the value of your rewards.

Requirements

The American Express Platinum Credit Card is tailored for Canadian residents with a Canadian credit file who have reached the age of majority. You can unlock a world of unmatched privileges and experiences if you meet these criteria.

Benefits: Elevate Your Travels

The Amex Platinum card is synonymous with luxury and indulgence, offering an assortment of benefits like the Priority Pass Membership that will elevate your travel experiences to a whole new level:

$200 Annual Travel Credit:

Receive a $200 annual travel credit, which can be used for various travel expenses, such as flights, hotels, and more, effectively offsetting a significant portion of your annual fee.

$200 Annual Dining Credit:

This American Express premium travel credit card gives you a $200 annual dining credit for one of the eligible restaurants on their website.

American Express Global Lounge Collection:

Gain access to over 1,400 airport Plaza Premium lounges in 140 countries worldwide, ensuring you travel in comfort and style wherever you go.

Unlimited Airport Lounge Access for You and a Guest:

Be the envy of fellow travellers as you and one guest enjoy unlimited, free worldwide airport lounge access throughout the year. This is a unique feature not commonly found in other Canadian credit cards.

NEXUS Application or Renewal Statement Credit:

Receive up to $100 in statement credits when applying for or renewing your NEXUS membership, facilitating hassle-free border crossings between Canada and the United States.

Fine Hotels & Resorts Benefits:

Unlock a host of complimentary benefits worth approximately $550 USD at over 1,300 properties worldwide, including daily breakfast for two, guaranteed 4 pm late checkout, room upgrades, and more.

Hotel Status Upgrades:

Enjoy elite gold status at renowned hotel chains like Hilton Honors Gold and Marriott International Bonvoy Gold Elite, offering perks like bonus points, room upgrades, and late check-out.‎

Peace of Mind with Comprehensive Travel Insurance

The American Express Platinum card doesn't stop at offering luxurious experiences; it also provides essential insurance to ensure your travels and purchases are protected:

Out of Province/Country Emergency Medical Insurance:

Up to $5,000,000 coverage for eligible emergency medical expenses while travelling for the first 15 consecutive days for individuals under 65 years old.

Trip Insurance:

The trip insurance would include Trip Cancellation Insurance and Trip Interruption Insurance. They provide coverage of up to $2,500 per insured person in case your travel plans are interrupted or delayed.

Flight Insurance:

The flight insurance would include Flight Delay Insurance, Baggage Delay Insurance, and Lost or Stolen Baggage Insurance. Stay stress-free with insurance coverage of up to $1000 for flight delays and baggage-related incidents.

Travel Accident Insurance:

Enjoy up to $500,000 in travel accident insurance for added peace of mind.

Car Rental Theft and Damage Insurance:

Protect your rental car with coverage for vehicles with a manufacturer's suggested retail price (MSRP) of up to $85,000.

Front-of-Line Presale and Complimentary Programs

As an American Express Platinum card holder, you gain access to exclusive presales, reserved and discounted companion tickets for concerts, theater shows, restaurants, and other special events. Additionally, you can take advantage of complimentary programs in entertainment, dining, retail, wellness, and more.

American Express Platinum Concierge

The American Express Platinum card comes with the invaluable perk of access to the renowned American Express Platinum Concierge service. This elite concierge service is at your disposal, ready to assist you with virtually any request, no matter how big or small.

From securing hard-to-get restaurant reservations and tickets to exclusive events to planning personalized travel itineraries and arranging unique experiences, the AMEX Concierge is dedicated to fulfilling your every desire. With a simple phone call, you'll have a team of knowledgeable and resourceful experts at your service, ensuring that every aspect of your life is handled with the utmost care and attention to detail. 

The Verdict: Elevate Your Lifestyle with the AMEX card

In conclusion, the American Express Platinum Credit Card is a game-changer for Canadian residents seeking an unparalleled credit card experience. With its generous welcome bonus, exceptional rewards, exclusive benefits, and comprehensive travel insurance coverage, this card caters to the discerning traveller and lifestyle enthusiast. If you're ready to elevate your experiences and embrace the pinnacle of luxury, the AMEX Platinum card is the perfect credit card for you.

How Chexy can help you get a one-way business ticket to Barcelona, Spain

With Chexy, you can earn points for an extra $2,500 month-to-month. This is because Chexy allows you to pay rent with your credit card. 

Let’s look at the first three months of you getting the card. You can earn 2500 Membership Rewards every month as the rent amount is transferred on a 1x point per dollar. This will yield 7500 MR for three months. In addition, you can also be eligible for the generous welcome bonus as your rent pays for the MSR. That’s a total MR of 87,500 in just the first three months! Also, note that you will be using your credit card in other categories, such as restaurants and gas, so 87,500 Membership Rewards points are purely from Chexy. 

Now, let’s convert that MR to a flight ticket with American Express Travel Online. MR transfers to Aeroplan on a 1:1 basis; therefore, you would have 87,500 Aeroplan points. This is a non-stop Air Canada business ticket to Barcelona. With your other credit card purchases, you will be able to fly to places that are further than Barcelona.

Remember your complimentary benefits and insurance when travelling. If you are travelling from Toronto, make sure you use the Toronto Pearson International Airport priority security lane, its complimentary valet service, and the complimentary Airport lounge access. With Chexy, enjoy your summer vacation at Costa Brava, one of the world’s best beaches. ‎

What to do next

Now that you have the peace of mind of knowing you have a free business ticket within reach, it's time to take the next steps and sign up for Chexy and the American Express Platinum Card. Chexy is a rent payments platform that allows tenants to earn rewards and build credit on rent. No landlord invites are needed to pay rent, as the payments will be sent via INTERAC e-Transfer.

Chexy is the only tenant-focused payments platform in Canada, introducing a much-needed modernization. So, don't wait any longer – unlock a new level of the rental process and travel in style by signing up for Chexy and the American Express Platinum Credit Card today! Your journey towards unforgettable adventures awaits.

Get started with Chexy today. 

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