American Express: The Platinum Card®
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Annual Fee
$799
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Additional Cards
$250 annual fee for each Additional Platinum Card
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Intro offer
Earn 70,000 Membership Rewards® points
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Points
1,000 points = $10 for all eligible purchases
Subject to approval. With this Charge Card, there are both Due in Full and Flexible Payment Option balances. All Due in Full Balances must be paid in full each month. Interest rate of 30% applies to each delinquent Due in Full charge. The Preferred rate of 20.99% applies to your Flexible Payment Option balance. If you have 2 separate Missed Payments in a 12-month period, the Flexible Payment Option rate for your account will be 25.99%. If you have 3 or more separate Missed Payments in a 12-month period, the Flexible Payment Option rate will be 28.99%. These rates are effective from the day the Flexible Payment Option is first available on your account. The interest free-grace period is 21 days on new transactions from the Closing Date on your statement if we receive payment in full by the payment due date and if we do not, up to 25 days for new transactions on your next statement.
Eligibility
To save time, make sure you can say yes to all of the following before applying for The Platinum Card®:
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You are a Canadian resident and have a Canadian credit file
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You are the age of majority in the province or territory where you live
Have you ever envisioned owning a credit card that not only provides remarkable travel benefits but also offers excellent shopping discounts and extensive coverage? What if I revealed that there exists a card that encapsulates all these desirable features and more? It might come as a surprise, but The Platinum Card by American Express embodies precisely what I’ve just described and goes even further. Delve into its features extensively to uncover the wealth of benefits awaiting you.
Undoubtedly, The Platinum Card stands as one of the most comprehensive credit cards on the market, boasting an extensive array of benefits and perks. If you’re genuinely enthusiastic about exploring its offerings in depth, I encourage you not to overlook any details provided below. The insights shared here are invaluable, particularly if you’re contemplating The Platinum Card. So, continue reading to uncover a comprehensive understanding of the remarkable features and advantages this card has to offer.
What are the requirements to request The Platinum Card?
Securing The Platinum Card involves meeting several prerequisites. While a strong credit score holds significance, it’s just one of the essential requirements. Let’s delve into the comprehensive list of necessary steps crucial for applying for this credit card. Despite its importance, this list is concise, so you need not worry about its length; we’ll navigate through it swiftly.
- You must be a Canadian resident with a Canadian credit file.
- You need to be of the age of majority in the province or territory where you reside.
- Ensure you have all the necessary documents ready.
What are the necessary documents to request The Platinum Card?
To successfully apply for a credit card, you’ll need to provide several documents. Your personal documentation is crucial as it validates your identity, an essential step in the application process. If you’re considering applying for The Platinum Card and want to prepare your documents, read on, because this helps to clearly delineate the requirements and necessary documents for applying for The Platinum Card.
- Proof of income
- Proof of residence
- Identity verification
Who should apply for The Platinum Card?
Understanding which group of individuals would benefit most from applying for this credit card is an intriguing aspect. Although anyone meeting the requirements can apply for this card, certain groups tend to derive more value from its features. If you’re curious about who they are, read on.
American Express clients:
The primary focus of The Platinum Card is often American Express clients. These individuals may leverage its features more effectively as the company is already acquainted with their spending habits. Moreover, existing clients might receive higher credit limits due to the established trust and understanding of their financial situation.
Those comfortable with paying an annual fee:
This card comes with a substantial annual fee, approximately $799, which may seem significant at first glance. However, when spread across the benefits and perks it offers, it might be justifiable for those committed to utilizing the card’s features. While not a deterrent for many applicants, being comfortable with this fee is crucial to fully appreciate the card’s benefits.
If you like to travel:
The Platinum Card offers exceptional travel benefits, making it a standout choice for frequent travelers. With this card, you’ll enjoy comprehensive travel coverage, providing access to various discounts, coupons, frequent flyer miles, and priority services. These perks significantly enhance your travel experiences across a wide range of destinations.
If you make frequent purchases:
This card caters well to individuals who engage in substantial spending. It’s designed for those with higher incomes, allowing for access to superior benefits compared to standard credit cards. The array of benefits available makes it extremely advantageous for those who frequently make significant purchases. Its features and rewards are tailored to offer substantial value for such spending habits.
One piece of advice for those considering applying for The Platinum Card credit card
Every credit card, akin to most things in life, presents a blend of advantages and disadvantages. It’s crucial to acknowledge and evaluate both sides comprehensively before reaching a decision. While I hold a personal appreciation for this card, I recognize that its features may not align with everyone’s preferences and needs.
Understanding that individual preferences vary, it’s essential for potential users to consider their unique requirements and financial habits. What might be a benefit for some could be a limitation for others. Therefore, taking the time to assess both the positives and negatives of this card will enable individuals to make a well-informed choice that resonates with their financial goals and lifestyle.
However, for those genuinely interested in leveraging the benefits of this card, here’s a valuable tip: ensure you have a solid credit score when applying. Premium credit cards like The Platinum Card typically require a higher credit score for approval. Keeping this in mind will bolster your chances of successfully obtaining this card. Remember, a good credit score opens doors to better credit card options, so prioritize maintaining a healthy credit history.
Is this card really worth it? Let’s compare the pros and cons of the credit card, The Platinum Card
While it’s true that this credit card comes with an annual fee and necessitates a good credit score for application—factors that may appear as drawbacks at first glance—considering the extensive traveler’s benefits and exceptional shopping perks, I firmly believe this card holds significantly more value than initially perceived. Its benefits far outweigh these potential drawbacks, making it a highly worthwhile choice, especially for those who frequently travel or indulge in substantial purchases.
Ready to Apply for The Platinum Card credit card?
Commencing the application process for a credit card can often seem daunting, particularly when you’re unsure of the initial steps. To alleviate any uncertainties, I’m here to provide comprehensive guidance through each stage of the application. Simply click on the link below to initiate your application for The Platinum Card from American Express. By doing so, you’ll open the door to a realm filled with exclusive benefits and privileges, waiting for you to explore and enjoy.
