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Although the current public offer on the Platinum Card from American Express in Canada is 50,000 Membership Rewards points when you make $1,000 in purchases in the first three months, TPG reader Erik points out that there is actually another offer on the card for 60,000 bonus points (if you get referred) when you make $3,000 in purchases in the first three months.
Here are the rest of the terms:
- Access to over 1,000 airport lounges world-wide including the Platinum Lounge Benefit, the Airport Club Program and Priority Pass
- Earn 1.25 Membership Rewards points for every dollar in purchases charged to your Platinum Card
- Extensive travel benefits, including a $200 Annual Travel Credit
- $699 Annual Fee (30% annual interest rate applies to balances not paid in full)
Although this offer is still lower than the recent 100,000-point bonus that American Express was offering on the Platinum Card for a single day back in January that required only $1,000 in spending in the first 3 months, it’s still the highest offer we’ve seen in a while on the Canadian version of the card.
This card has the same set of features and benefits as the US version. You’ll notice the annual fee is higher at $699, and that 30% interest rate is through the roof (though not unusual for charge cards like this), but if you don’t have any credit issues or trouble paying your bills off on time, that shouldn’t be an issue, and you’ll notice that the earning rate is more favorable than the one in the US at 1.25 points per dollar, which means you can reap some real value here if you’re a (responsible!) big spender.
As I said, I haven’t seen a better publicly available offer on this card out there (though if you know of one and have a link, please share!), so if you’ve been thinking about getting in on it, now might be the time. The $3,000 spending requirement is higher than the $1,000 for the 50,000-point offer, but getting 10,000 extra points for spending $2,000 extra is worth it in my opinion, especially if that’s within your budget anyway.
This also beats the current public offer on the US card, which is just 25,000 Membership Rewards points when you spend $2,000 in the first three months – though hopefully Amex will bring back higher limited-time sign-up bonuses like last month’s 100k offer and previous ones of 50,000-75,000 in the near future, so stay tuned for future Amazing Deal Alerts in case something interesting comes up.