Are you looking for an Air Miles Credit card in Canada? The American Express AIR MILES Platinum Credit Card is a strong contender.
It has one of the best Air Miles welcome bonuses in Canada. When you charge $1,500 in purchases to your card within your first three months as a new cardholder, you’ll receive a bonus of 2,000 AIR MILES reward miles.
Keep reading for a complete review of the American Express Air Miles Platinum credit card.
Key Card Features
- $120 Annual Fee
- 20.99% Purchase APR
- 21.99% Cash Advance APR
- 2.5% Foreign Transaction Fees
- Free supplementary cards
- 2000 Air Miles welcome bonus
- No minimum income required
- Apply through this secure link for a $10 rebate
American Express AIR MILES Platinum Credit Card Benefits
1. Exciting Welcome Bonus
When you sign up for a New Amex Air Miles Platinum Credit Card, you will receive a Welcome Bonus of 2,000 Air Miles Bonus Miles if you charge $1,500 in purchases to your card in the first three months. That’s worth $200 – enough to get you a select flight. (See also: 5 Ways to Meet Credit Card Minimum Spending Requirements).
2. Fantastic earn rate on everyday purchase
As a cardholder, you will earn 1 Air Mile for every $5 spent in Canada on qualifying food and beverages and eligible gas and transit up to a maximum of $30,000 per year. Plus, you will receive one mile for every $10 spent on every other purchase.
3. Earn a travel redemption benefit each year
When you book your first flight or vacation package with Dream Miles, you can earn up to 750 Bonus Miles each year.
Also, you can obtain Bonus Miles equivalent to 25% of the net amount of Miles utilized when you redeem your Dream Miles at airmiles.ca or vacations.airmiles.ca. Unfortunately, this bonus miles is only available once in a calendar year.
4. Free Supplementary Card
Adding a supplementary card comes at no extra charge. So you can add your spouse, family, and friends to enjoy this card rewards without annual fee. In fact, you can add up to nine additional cards for free
How to redeem your AIR MILES
So, how do you redeem your AIR MILES? There are numerous choices available for cardholders.
However, you must first decide whether you want to use your AIR MILES as cash or DREAM AIR MILES. After that, you can split your earnings between the two categories any way you choose. Of course, you can modify your selection at any moment.
Once you log in to the airmiles.ca website with the information you supplied when you receive your American Express card, you will be able to view your balance and use MILES to purchase items, gift cards, and other rewards online.
American Express AIR MILES Platinum Credit Card Downsides
The major downside of this card is its insurance package. The card comes with only two basic insurance; Car Rental Theft and Damage Insurance and $100,000 Travel Accident Insurance. Other travel reward cards in Canada come with comprehensive insurance such as emergency medical insurance and compensation for missed flights or baggage.
If you need an Air Miles Card with more comprehensive insurance, check out the Air Miles Reserve Card.
American Express AIR MILES Platinum Credit Card Interest Rates and Fees
The annual charge for the American Express Air Miles Platinum Credit Card is $120. However, you can add up to 9 additional cards at no extra cost.
The card has a 20.99% purchase interest rate and a 21.99% cash advance interest rate. Remember, this interest only applies when you don’t pay your balance by the due date.
And finally, a 2.5% fee applies to purchases made with the card in a foreign currency.
In conclusion
The American Express® AIR MILES Platinum Credit Card is suitable for Canadians who wish to earn and redeem AIR MILES with a significant boost.
Moreover, you’ll earn a 500 Air Miles reward (up to 7,500 reward miles per calendar year) referral bonus for inviting your friends or family.