Update: Unfortunately, the Personal Platinum card now has gone down to a bonus of 60,000 points. The Business Platinum Card is still at 75,000.
The American Express Platinum Card is one of my favourite Canadian credit cards.I’ve had it for a few years, and love it a lot. American Express is also one of the better credit card issuers because of their stellar card benefits and customer service.
This is the biggest sign-up bonus we’ve ever seen on this card.
American Express Platinum Signup Bonus Details
This 75,000 points bonus is the highest bonus ever. Here are the details of the signup bonus:
- American Express Platinum Card (Personal) – Earn 75,000 Membership Rewards Points when you make $1000 of purchases in the first three months of membership
- American Express Platinum Card (Business) – Earn 75,000 Membership Rewards Points when you make $5000 of purchases in the first three months of membership
Historically, the normal signup bonus on the Platinum Card and Business Platinum Card have been 50,000 and 40,000 points respectively. Utilizing non-public links have given you 60,000 points after completing minimum spend.
I have never seen a 75,000 points offer ever in Canada. This is a incredible deal, and the best current credit card in Canada to get.
My guess would be that AMEX is either testing this for a limited time offer just to see what happens (similar to the very time limited 75k AMEX Biz Gold Offers in the US), or as a longer trial, in which case it’d last a few months.
There is no stated end date for these, and can be subject to change at any time. Thus, I strongly recommend you get these cards as soon as possible.
How much are Membership Rewards Worth?
American Express Membership Rewards are worth to me a minimum of 1.5 cents USD (2 cents CAD) – meaning the 75,000 points from the Platinum Card signup offer are worth $1500. This is the LARGEST signup bonus, in CANADA, EVER.
AMEX MR points are also quite flexible, being able to be transferred to Aeroplan and British Airways Avios at a 1:1 ratio. 75,000 Aeroplan miles are enough to get you business class to Asia or First Class to Europe, one-way. That’s just with one credit card!
If you also get the TD Aeroplan Visa Infinite, which also has a incredibly high bonus of 30,000 points and first year annual fee waived, that gets you 105,000 Aeroplan just from two cards – pretty close to roundtrip business class to Europe for just the taxes.
Lufthansa First Class tickets normally cost $7000+ at retail prices, so this is an incredible deal leveraging your miles and points.
If you instead want to go to New York or Los Angeles, you can transfer your AMEX points to Avios, where a roundtrip ticket from Vancouver to Los Angeles or Toronto to New York is only 15,000 British Airways points roundtrip. From just one credit card, you could bring the whole family down to the States (or go five times yourself). Taxes on these redemptions are tremendously low compared to other redemptions.
I’ve had the Platinum Card for a few years, and it is the best card in Canada for benefits, especially travel.
This includes valuable features such as:
- Unlimited Airport Lounge Access (through the American Express Platinum Lounge Program and Priority Pass)
- Benefits on Luxury Hotel Stays with Fine Hotels and Resorts
- $200 Travel Credit Per Year
- Hotel Elite Status and Other Travel Benefits
These benefits, among others, are listed in more detail on the application page.
I have definitely gotten hundreds of dollars in savings from these programs. There’s even a post that goes into more detail on whether the Platinum Card is worth it – the answer is definitely yes! Using the $200 Platinum Travel Credit twice generates a $400 rebate towards the $699 annual fee. This means your annual fee essentially is only $299. You should definitely not be turning down 75,000 points for $299 CAD!
I’ll definitely be giving lots of coverage to this card in the near future, especially given that this is undeniably the best credit card in Canada in terms of benefits and signup bonus. In the off-chance that this is a time-limited promotion, I’d definitely be picking up one or both of these American Express Platinum and Business Platinum Cards from AMEX.
However, not only is the signup bonus great, but the long-term card benefits are also phenomenal – the $200 travel credit essentially is a free rebate for anyone who spends money on travel.
If you are planning on getting a few credit cards at once, I’d also recommend the TD Aeroplan Visa Infinite or Scotiabank American Express Gold Card – which both come with an annual fee waiver. The Aeroplan card will get you 30,000 points which supplements the 75,000 points from your AMEX quite nicely, while the Scotiabank card gets you a $200 travel credit to offset the taxes and fees from redeeming Aeroplan or Avios.