There are plenty of travel credit card options available in Canada. Many offer premium perks and benefits, but one that stands out from the rest is the American Express Air Miles Platinum Card. It is arguably one of the best cards in Canada that offers value for money.
This credit card is ideal for people who use their credit cards for most of their spending. The card is power packed with rewards, bonuses, rebates, and other features that make it an ultimate travel credit card.
Let’s take a comprehensive look at the features of this platinum card.
Pros and Cons
The American Express Air Miles Platinum Card has various pros and cons. The card offers a lucrative bonus of 2,000 reward points when you spend $1,500 or more during the first 3 months of getting the card. The 2,000 bonus points are equivalent to $200, which can go towards your purchases and redemption with partner retailers.
You can earn 1 mile per $5 spent on card purchases. However, you can only go up to $30,000 annually, which can be redeemed on food & drinks. You can redeem the miles at partner restaurants, coffee shops, and grocery stores. The miles can also be redeemed towards eligible gas purchases and commute such as ride-hailing services.
Having said that, the card will set you back $120 as an annual fee, but it doesn’t charge any late fees for missed payments. You can also use the cash advance facility to get money out through your credit card, but you’d be charged a cash advance rate of 21.99%.
Redeeming Air Miles
You have the opportunity to earn Air Miles in multiple ways. Air Miles is now distributed into two categories: cash and dream miles. Therefore, you must decide whether you want to redeem your points as cash or dream miles.
Cash Air Miles can be used at partner retailers or online gift cards. The stores are extensive and include Shell, IGA, Safeway, Hudson’s Bay, Cineplex, Starbucks, and more. Dream Air Miles can purchase different merchandise, hotels, car, rentals, flights, etc.
It is worth redeeming your Dream Air Miles for flights due to their incredible value. The redemption is calculated on distance rather than cost, so expensive, but short flights can provide a very good value for your miles redemption.
Where to Apply for American Express Air Miles Platinum Card
If you plan to apply for the American Express Air Miles Platinum Card, head to Great Canadian Rebates. Our online platform will allow you to compare the best cashback credit cards and others which will help you choose the one that fits the bill.
You can even earn a credit card rebate of $10 when you sign up for the credit card through our platform. Visit our website for more information.