- Rev.001-first posted on 2021-06-27
- Rev.002-updated on 2022-01-10 with new offer (points update)
- Rev.003-updated on 2022-10-01 with points update and promo deadline
Promotion ends: 2022-10-26
Promotion details:
This is a special referral promotion, the welcome bonus listed below is only available through the link at end of this blog. Welcome bonus on the official website is significantly lower.
Apply for an Amex personal platinum card and get up to 115,000 Member Rewards points (see pic below), which will be equivalent to at least CAD $1150. In order to get this 115,000 points, the following tasks need to be completed:
- Spend CAD $6,000 within first 3 months of card membership and get 95,000 points
- Earn 10 X points on eligible eats & drinks purchases in Canada in your first 3 months, get up to 20,000 points,
- Best practice here: Spend CAD $2,000 on eats & drinks purchases (grocery store also eligible), and spend the rest CAD $4,000 elsewhere in the first 3 months
Although the annual fee seems hefty, but by taking advantage of this welcome bonus you can still pocket some gains after one year of holding this card. Here is the math:
- As mentioned above, the 115,000 points will be equivalent to at least CAD $1150 if they are redeemed for statement credit, not to mention that the points can be converted to Aeroplan or other programs for maximum value
- The annual fee will be CAD $699
- This Platinum card comes with a CAD $200 travel credit every year, so to reduce the annual fee, you can book a refundable travel through Amex travel and cancel the travel after scooping the $200 travel credits. In this way the effective annual fee is reduced to CAD $499
- So the gain is 1150-699+200=651 at least for the first year. You can choose to keep the card for a second year if you like it, or just cancel the card before second annual fee hits
- Plus, through out the year there will be offers from grocery stores, shopping malls popping up for this card. (see pic below, I got lots of credit from 2020 to 2022, which totally covered annual fees)
- This Platinum card will provide you with elite status with multiple hotel brands (Marriott, Hilton etc) and car rental companies (Hertz, Avis)
- This Platinum card also gives you (and a guest) access to various airport lounge access for free
- Priority security lane access at Toronto Pearson International Airport (https://yyz.americanexpress.com/)
- CAD $100 reimbursement for Nexus card application every four years
If you are interested, please apply through this link:
https://www.americanexpress.com/ca/en/charge-cards/the-platinum-card/
