Previously, American Express had lowered it sign up bonus to 45,000 bonus points back in May due to COVID-19. Amex Business Platinum vs Gold vs Edge Cards Comparison; American Express Platinum Travel Benefits Guide; Are American Express Cards Worth It For Canadians? Priority Pass. https://www.moneywehave.com/canadian-credit-cards-without-foreign-transaction-fees/ Amex used to have top-rated customer service until now. Highlights of the Business Platinum card include: American Express is currently offering 50,000 Membership Reward bonus points on the Business Platinum Card when you spend $7,000 in the first 3 months of Card membership. Cross-border shopping has never been easier thanks to this 5-star package forwarder. The current public offer is 40,000 points. The earn rate on the Personal Platinum card is 3 points per $1 spent on dining, 2 points per $1 spent on travel, and 1 point per $1 spent on all other purchases. The regular offer from Amex for the Platinum business card is 40,000 points when you charge $5,000 in the first three months. Your thoughts would be appreciated. The Metal Platinum Card Canada Is Now Available Currently, the American Express Platinum Card is one of few metal cards available in the Canadian market and certainly the most easily obtainable, compared to the USA where there are over a dozen different kinds. If youâre a frequent traveler, you’ll love the annual Free Night Award, which you can cash in at some of the nicest hotels in the world. I also took screenshots on the same days I booked the flights to compare the prices between what I paid and the cash price. My American Express Business Platinum Canada review is positive. Keep reading and find out, 75,000 Membership Rewards points welcome bonus when using a referral link, Let’s take a look at this from a points perspective first. But when you compare the value you get out of the offerâmore than double that amount in travel, free access to airport lounges around the world, complimentary flight upgrades, extremely comprehensive insurance, and on and onâit truly is a steal. A reminder that with travel medical insurance, you get it no matter what. Its 60,000 points welcome bonus, annual free night award and a wide array of other benefits makes the personal Marriott Bonvoyâ¢ Amex Card an absolute steal for its $120 annual fee. The additional benefits included with the card are incredible which is why my American Express Business Platinum Canada review is positive. I am on the same boat as Sensei, can you give me some advice too. I realize that paying $499 AND $699 in fees seems like a lot, and it is. The benefits of the American Express Platinum and the American Express Business Platinum Canada are similar, but they’re a few subtle differences. That’s more than the annual fee you’ll pay for the American Express Business Platinum Canada Card. Then used the same priory club membership for the first class lounge in Edmonton to have a great dinner, and a free beer before boarding my flight back to Toronto, my food expense for the day was $0 for the entire day…. The Amex Business Platinum benefits are significantly different than the Amex Platinum. If you could redeem all 65,000 of the points you get with the Business Platinum card at this rate, they’d be worth over $3,000 to you. For 99% of people, the top three rows are what matter most. Just about every airport with a lounge likely has a Priority Pass lounge so you can get good use out of this benefit if you travel frequently. Can you claim the yearly membership fee as a business expense? 7 months ago. The standard offer on the Amex website is 50,000 MR points, while applying through a referral link gives you 75,000 MR points. Earn points on your dining experience Earn 3 points for every $1 in Card purchases on eligible dining in Canada 3 and discover some of the world’s top culinary experiences with the Global Dining Collection 5 . Some of the recent offers include: As you can see, these offers can easily obtainable and are worth more than the annual fee. And yes, thatâs after accounting for the $700 annual fee. This bonus level is consistent with pre-pandemic level. Here's why every international traveler should have one in their suitcase. Now Iâm kicking myself for not caring sooner.“. There is no public expiry date for this offer, which means it could change at any time. You should update this page. Don’t worry if you’re using Membership Rewards points for your travel purchase, if you charge the remaining balance to your Business Platinum card, your insurance would be valid. Updated December 22, 2020. Your business is adapting. Are you getting any compensation for this recommendation. Let’s do the value per point calculation again. Do I need to pay for the annual fee for the first year? This one is dead simple: about once per year, American Express offers a transfer bonus when you transfer your points to a program like British Airways Avios or Aeroplan. Four days later, on March 31, I’m flying from London to Istanbul in business class. I can’t seem to self refer me to Business platinum. tried submitting an application twice using your referral link with no success. Thanks. The conversations always start the same way: an aspiring Canadian traveler wants to know how Iâve been flying around the world for the past four years for next-to-nothing. It’s not tough to spend the travel credit, since you can use it on flights/hotels/rental cars and more, and you don’t need to do the traveling itself in order to spend it. The Amex Cobalt Card is the best everyday spending card available right now, and one of our favorite cards overall. I just got my Business Platinum and there was a note inside the package that says the Small Business Disability Plan is discontinued and no longer available on the card. The American Express Metal Edition Platinum Card for Canada weighs a hefty 18 grams, triple the weight of the previous plastic version, weighing in at 6 grams. Barry, is this offer still valid with Amex to sign-up for the Business Platinum and get 75,000 points if you spend $7,000.00 in the first three months? The card comes with an incredible sign up bonus when using a referral link and it comes with enough travel benefits that it makes my list of the, American Express Platinum and the American Express Business Platinum Canada, The Best Travel Credit Cards in Canada - Money We Have, American Express Business Gold Card Review - Money We Have, https://www.moneywehave.com/amex-fixed-points-travel-program-explained/, https://www.moneywehave.com/american-express-membership-rewards/, https://www.moneywehave.com/canadian-credit-cards-without-foreign-transaction-fees/, https://www.moneywehave.com/american-express-business-platinum-canada-review/, https://www.moneywehave.com/refer/amexbusinessplatinum, EQ Bank Review 2021 | Get 1.50% interest*. What type of points are you trying to earn quickly? This is my referral link. What foreign exchange rate is charged on this card? I just checked and the link seems to be working fine. Coverage is up to $100,000 so that should give you some peace of mind. My total expense was $87 for the hst on the free ticket, , car rental $61, gas was $21, then the change fee of $100, so for approx. If you sign up for the American Express Platinum Business card … Required fields are marked *. In addition, you get up to 55 interest-free days which will help you manage your cash flow while you focus on your business. First AMEX is not as widely accepted as Visa/Mastercard, and second I would never pay $700 yearly fee for a credit card. The American Express Business Platinum Card (Canada) is a great card for businesses who want their employees to have access to elite travel benefits. If no forex and better travel insurance are important to you, then the Scotiabank card is the obvious choice, but don’t write off the Amex Platinum Business card right away. The American Express Business Platinum might just be the most compelling travel credit card on offer in Canada. Although this looks like a promising card, I have 2 problems with it. For an annual fee of $699, The American Express Platinum Card will let you get some serious red carpet treatment, on top of great discounts and complementary features that are not easy, or affordable, to get elsewhere. You can’t go wrong with these three: How To Fly From Asia to North America For Under $75, How To Fly From New York to Rio de Janeiro For $8 Flat, How To Fly From Canada to Europe For Under $50, “I always thought people who cared about credit card points were silly. Side note: If you are planning on doing some international travel, you should definitely read our N26 review and our review on the new N26 You Card to learn the best way to save money on foreign ATM withdrawals and currency conversion while you’re abroad. For reference, a Priority Pass Prestige membership which comes with unlimited lounge access is US $429. 75,000 Membership Rewards points sign up bonus when using a referral link. Thereâs a reason I mentioned above that the current offer on the American Express Business Platinum card is so good: If the Platinum cardâwhich used to also offer a 75,000 points welcome bonusâis any indicator, weâll see the same things happen to the Business Platinum card. Eric, […] Membership Rewards points by calling customer service. I paid 30,000 Avios points plus $52.50 CAD for my ticket. Can you explain why this statement is true, seeing as the introductory bonus for the business card is higher than that of the Amex Platinum and the earn rate for both of them are the same (1.25 per $). This review is inaccurate. Thereâs no $200 flight credit with the Business card and no membership in Hilton Gold, among other things. Although the Amex card has a forex rate of 2.5%, you could easily sign up for a no forex card with no annual fee to offset that. There’s no need to screenshot anything. should I renew personal platinum (with a 5k MR point retention offer) or sign up for $499 w/ $7 spend in the first 3months with the business platinum. Because every flight you use them on holds a different value. The American Express Platinum Canada comes with worldwide airport lounge access, a $200 annual travel credit, platinum hotel memberships, travel medical insurance, a sleek metal card and a welcome bonus of 25,000 MR points, which we value at … Send me an email via my contact form and we’ll chat. Send me an e-mail and I give you some advice on the self-referral. The American Express Business Platinum Canada Review. I’m not happy about the $499/yr fee and the fact that the trip cancellation insurance is limited to $1500/person. The annual fee will increase (in fact, it already increased from $399 to $499 as of mid-February, 2018). https://www.moneywehave.com/american-express-membership-rewards/ This is significant because American Express had reduced the welcome bonus to 45,000 points during COVID-19. Or is it free with a referral? Do i have save screen shot of it, in case Amex does not give me 75k points after spending 7k in first 3 moths Here are the three best offers available in Canada right now: This is undoubtedly the best credit card offer in Canada in 2019. Your email address will not be published. Plus, as this card has no income requirements, it’s available to anyone who has good credit. In a sense, you could use this card as a cash back card. Hereâs how the two cards compare: As you can see, the two cards are pretty similar. The Canadian credit card market consists of three main players: Visa, MasterCard, and American Express. The major downside of the American Express Business Platinum Card is that it only comes with Marriott Bonvoy Status compared to the Platinum Card which gives you status with multiple hotel chains. The summary, though, is that even if you use the points in the worst possible way, youâll receive some impressive rewards by getting the Platinum card. Get our special report highlighting the 4 tools you need to build wealth and protect your assets in 2021. You have until August 27, 2020 to unlock this credit. As you can see, the American Express Business Platinum Card insurance is excellent since you get a full suite of travel insurance. However, if you want to take advantage of all your other travel insurance benefits, you must charge all of your transportation and accommodation expenses to your card. Although this is still one of the best credit cards with travel insurance, if you’re going to be away for longer, you’ll want to ensure you have extended coverage. For example, when you accumulate 75,000 points, here are some of the trips you can take: The Platinum Card is a truly exceptional offer that I canât recommend highly enough. For many people that is indeed steep, but the benefits included such as unlimited lounge access makes this card appealing for many people. The benefits of the American Express Platinum and the American Express Business Platinum Canada are similar, but they’re a few subtle differences. We recommend that every Canadian sign up for this card while this incredible introductory offer still lasts. At Yore Oyster, we strive to help you make wise financial decisions. The Platinum business card has a sign up bonus of 75K points when you use a referral link but it requires you to spend $7K in the first three months. You can earn the full 75,000 Membership Rewards points after spending just $5,000 on the Amex Platinum, but the Business Platinum requires a much steeper minimum spend of $15,000 to earn its 75,000-point bonus. And the answer is always the same: while I had a strong handle on how to travel in style extremely cheaply before thatâthink roundtrips to Asia or Europe for under $100 totalâit wasnât until I got my own personal Amex Platinum Card in 2015 that things truly kicked into overdrive. Amex MR or do you want to convert to something else? The Business Gold Rewards Card offers good value as well, though we feel that 60,000 points welcome bonus and the lower annual fee of the Marriott Bonvoyâ¢ Business Amex Card make it the better choice. That being said, if you use the card for 80% business and 20% personal, you can only claim 80% of the fee as a business expense. This card has an annual fee of $500, the regular version is $700. This is an even better value than the Hong Kong to London flight. Similar to the personal Platinum card, these bonuses are limited to those who had a Business Platinum card prior to Nov. 1, 2020. If youâre set on getting a business credit card, the Marriott Bonvoyâ¢ Business Amex Card is another great option. Card - means The Business Platinum Card ®from American Express. Earn 2 points for every $1 of eligible hotel or car rental purchases. Those points can easily have a value of $1K -1.5K if you transfer them to Marriott or Aeroplan. Barry, Is this your own referral link? Log in to your US American Express account, to activate a new card, review and spend your reward points, get a question answered, or a range of other services. Currently, American Express Canada is offering a 25,000 point welcome bonus on the Gold Rewards card after spending $1,500 on the card in the first three months of membership. good example i flew to edmonton on Tuesday using 25,000 points round trip and some $87 for hst tax, i then finished the job in less than 4 hours, was able to go back to the airport, call aeroplan and for $100 change my flight from wednesday back to the tuesday, as i made the 5:45 flight from edmonton to toronto, now saved my having to book a hotel, and that would have cost at least $129 for a reasonable budget 3 star hotel,. The Business Platinum card costs $499 and comes with a welcome bonus of 50,000 points (when you charge $7,000 in purchases to your Card in your first three months of Cardmembership), while the Platinum Card costs $699 and comes with a welcome bonus of 25,000 points and the $200 annual travel credit. At this rate, your 65,000 points would be worth over $2,400! If you want to earn Amex MR points and you already have the Platinum, then get the business platinum card. The American Express Business Platinum card is back with an impress welcome bonus of 75,000 points when using a referral link. ETA: This email is from my Biz Plat card; P2 got the same email but without the line about a $100 statement credit. advise. Once you factor in that credit, you could argue that both cards have the same annual fee of $499. re-send me link, I like to apply today, Here’s the link – https://www.moneywehave.com/refer/amexbusinessplatinum, y American Express Business Platinum Canada review is positive. There is no way to get it waived. “If youâre looking to earn points fast, it likely makes more sense to apply for the American Express Platinum card”. Though the Platinum and Business Platinum cards are extremely similar in their benefits and features, there are a few crucial differences. The regular offer is 50,000 points when you spend $7,000 in the first 3 months, so you get an extra, My American Express Business Platinum Canada review is positive. American Express is my favourite credit card issuer in Canada. Hereâs how it all shakes out. Why? I get 10,000 points if you use my referral link but I receive no other compensation. My only question isâ¦. i also used the priory club pass to get entre into the lounge in the morning, having breakfast, took a sandwich for my lunch, and a apple and orange for snacks during the day. I paid 20,000 Avios points plus $40 CAD for my ticket, though as you can see below, the exact same ticket was priced at $1,001 CAD when I bought it. I should point out that your travel medical insurance only covers you for 15 days if you’re under the age of 65. Coverage is capped at $2,000 for checked baggage and a combined maximum of $3,000 for checked and carry-on baggage. As you can see, the personal card earns you more points on dining and travel, but if the majority of your expenses don’t fall into those categories, the Amex Platinum Business card would earn you more points. For an annual fee of $499, the American Express Business Platinum Card offers 75,000 Membership Rewards points upon spending $7,000 within the first three months if applying via a referral link. I’m trying to decide between the Amex business platinum card and the scotia Passport Visa Infinite card. 2020-05-13: Check out our updated post on the devaluation of the both the Amex Personal and Business Platinum Cards. I applied for the platinum business card. The card comes unlimited airport lounge access is a great benefit as not many business cards give you lounge access. That said, if you’re late with payments, you’re looking at an interest rate of 30%. Save my name, email, and website in this browser for the next time I comment. The basics. That said, the minimum spend required to get that bonus is always higher compared to the American Express Platinum Card. If you are the type to maximize rewards (like me), I still plan on keeping the American Express Cobalt Card, which offers 5x MR Select points on Dining and Groceries.As well, I plan to get the American Express Business Platinum Card in June to pick up the 75,000 points welcome bonus and the 1.25x points on everyday purchases. Assuming you can take advantage of all of them that is. Business Platinum Cardmember must travel on the itinerary booked under FHR reservations to be eligible for benefits described. This makes it a great vehicle for referring friends, making them happy with the great value and bringing in up to 225,000 additional points for you. Since this is a charge card, there’s no limit. Business Platinum Card® from American Express Add a little extra assurance to your card. i wouldn’t have done the job if i had to pay for an airline ticket and other normal expenses for that trip.. With personal cards, you can only redeem 1,000 MR points for $7 in non travel expenses. From complimentary entry to Centurion Lounges and other lounges in Amex’s Global Lounge Collection to the ability to book luxury hotel stays with extra benefits through the Fine Hotels … Here’s the direct link. Since this is a business credit card, you’re not going to get a high earn rate, but the American Express Business Platinum Card does give you a respectable 1.25 points per dollar spent. Round-the-world: Toronto to Hong Kong to Dubai to London to Toronto, Round-the-world: Vancouver to Hong Kong to Dubai to London to Vancouver. But that said, American Expressâ Business Platinum card is the new offer in town, and itâs one that every Canadian traveler needs to know about, too. Admittedly, you get fewer additional benefits with this card compared to the American Express Platinum Card, but if you’re a business owner, the 55 interest free days may be the biggest benefit. The annual fee of $499 still applies. Yes, it’s still valid. Many Canadians have mixed feelings about American Express Cards, and admittedly, I used to be one of them. (The Cobalt Card is a much more manageable $10/month, though it doesn’t offer the massive welcome bonuses that you get with these Platinum cards.
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