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Review: Our day-to-day use of The Platinum Card®

This post was sponsored by Amex Bank of Canada. The views and opinions expressed in this blog, however, are my own. American Express is not responsible for maintaining or monitoring the accuracy of information on this website.

With The Platinum Card®, we get a lot of benefits for our travels, especially during our 5-month family trip around the world.

In this post, I will explain how we use each of these benefits.

New offer for The Platinum Card®

We will go through all the travel-related benefits later in this post. But beyond that, the Platinum Card® has a great new offer!

New Welcome Offer

If you want to find out and try what The Platinum Card® has to offer in terms of benefits, American Express grants you, as a new Platinum Cardmember, up to 60,000 Bonus Membership Rewards® points:

  •  50,000 welcome bonus Membership Rewards points when you charge $3,000 in purchases to your Card in your first three months of Cardmembership.
  • Plus, you can receive an additional 10,000 Membership Rewards points after six months of Cardmembership.

That’s enough to redeem for a $600 statement credit towards eligible travel purchases charged to the Card. And since you also get a $200 CAD Annual Travel Credit, it’s like getting the first year annual fee cleared thanks to this offer!

So you can fully enjoy all the benefits offered by The Platinum Card®.

Access to airport lounges

Definitely the most sought-after benefit for people who apply for The Platinum Card®: access to airport lounges through the American Express Global Lounge Collection.

Access to airport lounges offered by The Platinum Card®

Platinum Cardmembers enjoy complimentary access to over 1,200 airport lounges across 130 countries and counting.

This benefit applies not only to the Platinum Cardmember but also to one guest. In some lounges, it is even possible to enter with up to 2 children under the age of 21. Please note you should check guest access policy before your trip as it varies by lounges.

Our use of this airport lounges benefit

We are big fans of airport lounges! We frequently travel with our two children, so this benefit has saved us a lot of money in recent years, especially as part of our trip around the world!

Here we are, for example, at the Bidvest Sky Lounge at Johannesburg Airport, thanks to The Platinum Card®.

And many of the lounges are of high quality, especially in Asia like here in the only one available at Siem Reap Airport in Cambodia:

You can find below a list of all the complimentary access we got in only two months with The Platinum Card®: to lounges in Zurich, Johannesburg, Cape Town, Singapore, Siem Reap and Bali:

Elite Hotel Status Benefit

Platinum Cardmembers are fast-tracked to the higher tiers of leading hotel loyalty programs around the world. The benefits are different depending on each program and can range from a room upgrade to complimentary breakfasts, the most sought-after advantage!

Elite Hotel Status offered by The Platinum Card®

The Platinum Cardmembers get a higher status level with:

  • Marriott Bonvoy: Elite Gold
  • Radisson Rewards: Gold
  • Hilton Honors: Gold
  • Shangri-La’s Golden Circle: Jade

Our use of the Elite Hotel Status Benefit

Thanks to the Hilton Honors Gold and Shangri-La Golden Circle Jade statutes, we get complimentary breakfasts for each of our stays in hotels of both groups! A significant advantage, especially when Marriott Bonvoy hotels are not present (our main Loyalty Hotel program)!

This was the case, for example, at Hilton Lake Taupo in New Zealand. We get complimentary breakfasts for us and our kids:

The $200 CAD Annual Travel Credit

Each year, when the annual membership is renewed, Platinum Cardmembers receive a $200 CAD Annual Travel Credit.

In order to get this benefit, it is necessary to book any travel booking of $200 or more charged to your Platinum Card® through American Express Travel Online or through Platinum Card® Travel Service. It can be, for example, a hotel night or a car rental.

Our use of the Annual Travel Credit

As we travel a lot, we find a use, each year, to this $200 Annual Travel Credit.

This year we booked a hotel room in New Zealand thanks to this credit offered by The Platinum Card®. And like every year, the $200 credit appears in the account at the same time as the expense.

Insurance

The Platinum Card® is one of the best cards in Canada regarding insurances. If fortunately, we have not had to use it so far, it is great to be able to count on it in case of a problem.

Insurance Coverage offered by The Platinum Card®

Examples of insurance coverage offered by The Platinum Card®:

  • Out of Province/Country Emergency Medical Insurance
  • Trip Cancellation Insurance
  • Trip Interruption Insurance
  • $500,000 Travel Accident Insurance
  • Car Rental Theft and Damage Insurance
  • Flight Delay Insurance
  • Baggage Delay Insurance
  • Lost or Stolen Baggage Insurance
  • Hotel/Motel Burglary Insurance
  • Travel Emergency Assistance
  • StandbyMD Travel Medical Concierge
  • Buyer’s Assurance® Protection Plan
  • Purchase Protection® Plan

Our use for car rentals

As part of our trip around the world, we found a great utility to the Car Rental Theft and Damage Insurance offered by The Platinum Card®.

You can be covered for theft, loss and damage of your rental car with an MSRP of up to $85,000 for rentals of 48 days or less when you fully charge your rental to your Platinum Card. To take advantage of this protection, simply decline the Collision Damage Waiver (CDW), Loss Damage Waiver (LDW) or similar option offered by the car rental agency.

In some countries, car rental agencies require a large deposit on the credit card.

The Platinum Card® has a significant advantage of being a Charge card.

A Charge card has No Pre-Set Spending Limit on Purchases, and this is where we have had great use in our round-the-world trip.

For example, in South Africa, the car rental agency required a $5,000 deposit on our card! Without The Platinum Card® in our wallet, it would have complicated our other transactions or pushed us to prepay our credit card.

The Membership Rewards program

The American Express Membership Rewards program is arguably the best loyalty program offered by a bank in Canada because of its flexibility.

Membership Rewards points earning

With The Platinum Card®, you can earn:

  • 3 points for every $1 in Card purchases on eligible dining in Canada
  • 2 points for every $1 in Card purchases on eligible travel
  • 1 point for every $1 in all other Card purchases

We like to charge the travel we pay on our Platinum Card® (like car rentals) : 2 Membership Rewards Points per dollar is a great return. And we can travel safely, covered by the Card insurances we previously described!

The many possibilities offered by the Membership Rewards program

With the American Express Membership Rewards program, you can enjoy flexible ways to use your points:

  • Transfer points to Frequent Flyer and other loyalty programs (more on this below)
  • Statement credits for any eligible purchase charged to your Card
  • Book eligible flights witin Canada or to anywhere in the world for a fixed number of points on americanexpress.ca/travel
  • When booking travel including flights, hotels and car rentals on americanexpress.ca/travel, you can use the Flexible Points Travel Program, where 1,000 points = $10
  • Gift cards from premium retailers like Holt Renfrew
  • And more!

Our use with British Airways Executive Club

For us, the best use of American Express Membership Rewards program is through the transfer of points to frequent flyer programs such as Marriott Bonvoy, Aeroplan or British Airways Executive Club.

Transferring membership rewards in Avios miles from British Airways Executive Club saved us a lot of money, especially in Australia!

With British Airways Executive Club, you can redeem Avios miles to get airline tickets from partner airlines such as Qantas, the Australian airline.

For example, to get a flight for four people between Uluru (AYQ) and Darwin (DRW), we converted 36,000 Membership Rewards Points into 36,000 Avios miles.

That same plane ticket would have cost us no less than $1,300:

Suffice to say that 36,000 Membership Rewards Points saved us almost $1,000 in this case!

American Express online offers

American Express regularly has promotional offers, directly accessible in your online account.

Platinum Cardmembers are eligible for these promotional offers.

Our use for booking a trip online

For example, we were lucky enough to take advantage of the latest offer for one of our trips:

Spend at least $450 and get a $100 credit

We used this offer to book a 10-day prepaid car rental in Bali worth $500.

The $100 was credited only a few days after the expense appeared on our account!

Conclusion

The Platinum Card® is a card we particularly appreciate as frequent travellers, and even more during our family trip around-the-world. We consider its annual fee to be a full-fledged travel expense as it brings us significant benefits!

If you would like to learn more about this card or to apply for it, find more information on this page.

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