American Express AIR MILES Platinum Credit Card Review (Dec 2022)

October 16, 2022
Reviews

The American Express AIR MILES Platinum Credit Card is a travel credit card with an annual fee of $120 issued by American Express, one of the largest credit card networks in Canada. It offers an attractive Aeroplan earn rate on travel-related purchases, plus a very generous welcome bonus of 2,000 AIR MILES.

With this card, you will have access to exclusive American Express Experiences, lending options that allow you to pay back in installments, plus travel benefits like airport lounge access and priority check-ins. Additionally, it includes comprehensive travel and purchase insurance; if you're a frequent traveller this might be the card for you.

What Is The American Express AIR MILES Platinum Credit Card?

American Express is an American company providing payment card services worldwide. The company opened its Canadian offices in the Ontario cities of Toronto and Hamilton in 1853. Currently, it offers numerous credit card services worldwide. 

The American Express AIR MILES Platinum Credit Card is a travel credit card that yields rewards in the form of AIR MILES on eligible purchases. AIR MILES can be redeemed for more than 2,000 rewards, including everything from electronics and movie tickets to travel and exclusive online shopping deals.

In general, travel credit cards are some of the most expensive credit cards in terms of annual fees. The American Express AIR MILES Credit Card has an annual fee of $120, which is very reasonable considering what it offers.

Features of American Express AIR MILES Platinum Credit Card

#1 Welcome Bonus

American Express credit cards usually come with very generous welcome bonuses, and the American Express AIR MILES Platinum Credit Card is no exception. You can earn up to 2,000 AIR MILES as a welcome bonus if you spend at least $1,500 within 3 months of applying for your American Express AIR MILES Platinum Credit Card. That’s enough to redeem $200 towards eligible AIR MILES Cash purchases.

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#2 Earn AIR MILES Through Eligible Purchases

You earn miles from eligible purchases and use them on qualifying rewards. Here’s how many miles you can earn on every purchase: 

  • Earn 1 mile per $5 spent on eligible gas, food, transit, and drinks in Canada (up to a maximum of $30,000 spent every year, then it drops to 1 mile per $10) 
  • Earn 1 mile per $10 spent on all other purchases
  • Earn up to 750 bonus miles annually from purchasing vacation packages or booking your first flight using Dream Miles.
  • Earn a maximum of 4,500 AIR MILES Bonus Miles for approved referrals of cardholders. 

You can earn twice as much if you use AIR MILES Card and American Express AIR MILES Platinum Credit Card to make purchases at eligible AIR MILES partners.

#3 Insurance Protection

The American Express AIR MILES Platinum Credit Card provides insurance protection to all cardholders. It covers shopping, travel, fraud, and more. Each insurance protection has its terms and conditions, and here’s the coverage you can expect: 

  • Travel Accident Insurance for up to $100,000 in case of accidental death or dismemberment 
  • Car Rental Theft and Damage Insurance offers $85,000 MSRP coverage (applicable for 48 days of car rentals or less)
  • Buyer’s Assurance Protection Plan extends an additional year for the coverage warranty. 
  • Purchase Protection Plan provides up to $1,000 coverage for theft or accidental physical damage
  • Fraud Protection Guarantee protects cardholders from fraudulent and unauthorized charges
  • Emergency Card Replacement provides immediate help for lost or stolen credit cards and additional cards

#4 Access to American Express Experiences

The American Express AIR MILES Platinum Credit Card includes access to the American Express Experiences program. This program offers exclusive access to: 

  • Access to Front Of The Line presale tickets before they are released to the general public. 
  • Entertainment with American Express Experiences includes advanced screenings of some theatre packages and blockbuster movies
  • Dining With American Express Experiences offers exclusive access to food festivals and samplings from some of the best restaurants in the country.
  • Retail With American Express Experiences offers exclusive online shopping deals to cardholders.
  • Wellness With American Express Experiences provides access to health programs 
  • Cardmembers can access onsite benefits such as relaxing at the American Express lounge or entering the Budweiser Stage. 

#5 Extended Services

American Express AIR MILES Platinum Credit Card also provides other services to cardholders. These include accessible customer services, online account management, and more. 

  • American Express provides customer support 24/7 
  • American Express Safekey has added security when you purchase at select stores
  • Check your account statements and balances online, set up alerts, and more. 
  • Manage your account from the American Express App (pay bills, get rewards, get notifications, and create an Online Services Account)

#6 Lending Options

American Express AIR MILES Platinum Credit Card holders have access to a couple of lending options, including:

  • American Express Personal Loans: Apply for a loan ranging from $3,500 to $40,000 with loan terms of 12, 24, and 36 months. 
  • Plan It- Installment Program: Pay your credit card balances in installments. You can choose terms for your monthly payments. 

Pros & Cons of American Express AIR MILES Platinum Credit Card

Before applying for an American Express AIR MILES Platinum Credit Card, know its advantages and drawbacks first. It will help you determine whether or not this credit card will fit your needs. Some individuals fail to check the essential details of credit cards, which results in disappointment after using them. 

Pros

  • Access exclusive airport lounges
  • Generous welcome bonus of 2,000 AIR MILES.
  • Choose from two lending options with credit limit increases and pay your balances in installments
  • Upgrade to Elite Status once you acquire the credit card
  • Comprehensive shopping, travel, and medical insurance 
  • Manage your account from the American Express App

Cons

  • Good-to-excellent credit scores required
  • Limited travel insurance

Pricing

American Express AIR MILES Platinum Card has several fees that cardholders need to pay. If you plan to apply for this credit card, here are all the fees you should be aware of:

Fees Cost/ Rate
Basic Fee (Annual Fee)$120
Supplementary Cards $0
Funds Advance$2.75 each
Dishonoured Payment$25 each
Statement Reprint $3 for each statement
Reward Miles Reinstatement $10 each through online service
Overlimit$29 
American Express Cheque or Balance Transfer3%
Installment Program 1.2% monthly fee calculated on each balance moved to installment.

Is The American Express AIR MILES Platinum Credit Card Better Than Other AIR MILES Credit Cards?

Other credit card companies offer several AIR MILES credit cards. We will compare the American Express AIR MILES Platinum Credit Card to the American Express AIR MILES Credit Card since both worked almost the same. 

Annual Fee

American Express AIR MILES Platinum Credit Card has an annual fee of $120, while the American Express AIR MILES Credit Card has none. Both the same interest rates on purchases (20.99%) and cash advances (21.99%). If you're looking for the best travel credit cards in Canada, check out our full list of the best travel credit cards in Canada.

Rewards

American Express AIR MILES Platinum allows cardholders to earn 1 mile per $5 spent on food, gas, and transit, and 1 mile per $10 spent anywhere else. The American Express AIR MILES Credit Card offers 1 mile per $15 spent at AIR MILES partners and 1 mile per $20 spent anywhere else. The American Express AIR MILES Platinum is ahead because you can earn more miles. 

Eligibility 

American Express AIR MILES Platinum Credit Card requires specific eligibility before an individual can apply and get approval. The following are the requirements. 

  • You are a Canadian resident with a Canadian credit file
  • You should have the majority age in your province or territory.

Additionally, American Express may ask for your income and credit scores or history. These factors will be the basis for whether or not you are suitable for the credit card. You can contact American Express customer support directly for more information. 

In Summary

American Express AIR MILES Platinum Credit Card offers more substantial perks and benefits than other AIR MILES cards. Aside from the exclusive rewards, you can also access American Express's special services and good protection coverages. You can also check our list of the best credit cards in Canada here.

American Express AIR MILES Platinum Credit Card FAQs

How Much Does The American Express AIR MILES Platinum Credit Card Cost?

The American Express AIR MILES Platinum Credit Card has an annual fee of $120. This credit card offers access to exclusive services and perks and you can earn Miles on most purchases and redeem them for flights and discounts. 

Is American Express AIR MILES Platinum Credit Card Worth It?

Yes, the American Express AIR MILES Platinum Credit Card is worth it because it offers exceptional perks and benefits. If you’re a frequent flyer and you can take advantage of all the travel perks, this card is for you.

Is The American Express AIR MILES Platinum Credit Card Safe?

Yes, the American Express AIR MILES Platinum Credit Card is safe and has security measures like American Express Safekey to secure all information. It provides additional security to purchases at eligible stores. 

Additionally, American Express purchases insurance that protects cardholders in the event of unauthorized charges.

Is the American Express AIR MILES Platinum Credit Card Legit?

Yes, the American Express AIR MILES Platinum Credit Card is legit. American Express is partnered with AIR MILES and many other large companies, plus it has been operating worldwide since 1850. 

What Is Special About an American Express Platinum Card?

The American Express Platinum Card offers a tremendous advantage by providing cardholders luxury benefits, substantial welcome bonuses, and other advantageous services. It allows cardholders to get points, discounts, and credits, which they can use to acquire rewards.

Is It Hard to Qualify for American Express Platinum?

Yes, it is hard to qualify for the American Express AIR MILES Platinum Credit card because it requires a good or excellent credit score to get approved. American Express may also be for your annual income; if it is at least $60,000-$80,000 or $150,000 for households it’s very likely your application will be approved.

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