Need help completing minimum spend? It's your last chance to get the CIBC AC Conversion Card, which you can load with Visa and MasterCard to earn lots of points! Applying for the card is free. For more details, check out my post.
Today, American Express has adjusted their offer for the Business Platinum Card. This card currently has the highest signup bonus in Canada, so is a fantastic value if you are looking to earn points quickly.
American Express Business Platinum Card – Priority Pass
The American Express Business Platinum Card now offers improved lounge access benefits. This is in the form of a full Priority Pass membership that includes unlimited visits for the cardholder and one guest. Previously, it would cost $27 per visit. The card now has the best lounge access benefits in Canada along with the Platinum Card, which includes Delta SkyClubs, as well as Centurion, Plaza Premium, and Priority pass lounges.
The lounge membership is very useful if you don’t already have the Platinum Card or other cards granting Priority Pass memberships. Even if you value lounge access conservatively, it can still be worth a lot. I’ve used my Priority Pass at least 20 times last year, so even valuing a lounge visit at $10 would make the membership worth $200+ for me. Priority Pass also covers restaurants at various airports in the US and abroad, which can be worth even more than a lounge visit.
To compensate, the annual fee for this card is now $499. In my opinion, this makes sense given the improved lounge access benefit. The hidden benefit is for existing cardholders. My understanding is that everyone will get the full membership. This is not automatic, so you’ll have to call in. I’m not sure if existing cardholder are grandfathered in at the previous annual fee, so I guess we’ll see.
The welcome bonus of 75,000 points with after spending $5,000 remains the same through a referral. The public offer of 40,000 points also remains the same. Overall, this card remains a fantastic deal. After completing the minimum spend, you earn 81,250 points for a cash outlay of $499. You can transfer at a 1:1 ratio to Aeroplan and Avios, and makes the price of each point 0.61 cents. Along with the Platinum Card and the SPG American Express, this card is one of the best for non-bonused everyday spend.