Head-To-Head: Amex Platinum Card vs. Amex US Platinum Card

On this version of Head-To-Head, we’ve got a heavyweight cross-border showdown between two American Specific behemoths: the Canadian-issued American Specific Platinum Card vs the US-issued American Specific Platinum Card.

These two playing cards have lengthy been main gamers in terms of premium journey bank cards on each side of the border. Each provide best-in-class journey perks, complimentary resort standing, and highly effective boosts to your Membership Rewards coffers.

Whereas holding onto each Platinum Playing cards can unlock a world of rewards, the hefty annual charges might warrant solely retaining one. Let’s pit these two gladiators towards one another and see which one emerges as victorious.

Card Fundamentals

1. Welcome Bonus

At the beginning, let’s evaluate the welcome bonuses, which is all the time some of the compelling components when deciding between two playing cards. 

The Canadian-issued Amex Platinum Card at present gives 115,000 Membership Rewards (MR) factors, damaged down as follows:

  • 95,000 MR factors upon spending $6,000 within the first three months
  • 10x MR factors on as much as $2,000 of foods and drinks purchases within the first three months, as much as a most of 20,000 MR factors

In the meantime, the bottom provide for the US-issued Amex Platinum Card is 100,000 US MR factors upon spending US$6,000 within the first six months.  

Nonetheless, the US Platinum Card additionally has a good increased worth welcome provide through Resy, the restaurant reserving platform owned by American Specific.

Looking on the present welcome provide with Resy, you’ll earn 125,000 US MR factors upon spending $6,000 (USD) within the first six months, in addition to 10x US MR factors on as much as $25,000 (USD) spent at eating places worldwide within the first six months.

It is a actually unimaginable welcome provide, particularly in case you’re a giant spender at eating places or small companies. Certainly, the incomes potential with the 10x multiplier for purchases as much as $25,000 is vastly superior to the $2,000 cap with the Canadian card.

historic information, the welcome provide of the Canadian-issued card ranges between 60,000–100,000 factors, reaching a singular excessive of 150,000 factors final summer time.

Then again, the US-issued card tends to be extra beneficiant, with a median base welcome provide of 75,000–100,000 factors, typically reaching 150,000 factors or extra with further multipliers.

Verdict: The US-issued Amex Platinum Card takes the lead with a superior welcome provide each at present and traditionally.

The hole widens even additional in case you can maximize the unimaginable 10x factors on eating as a part of the US Platinum Card’s Resy welcome bonus. 

2. Factors Currencies

We worth US-issued Amex MR factors at 1.8 cents per level (USD) and a pair of.3 cents per level (CAD), whereas we worth Canadian-issued Amex MR factors barely decrease at 2.2 cents per level (CAD).

In terms of switch companions, Canadian MR factors may be transferred at a 1:1 ratio to Aeroplan, British Airways Avios, and Hilton Honors, in addition to Marriott Bonvoy at a 1:1.2 ratio. 

In the meantime, factors can be transferred to Cathay Pacific Asia Miles, Air France/KLM Flying Blue, Etihad Visitor, and Delta SkyMiles at a ratio of 1:0.75.

In the meantime, US MR factors have a a lot wider vary of switch companions, together with 17 eligible accomplice airways, and virtually all are at a 1:1 ratio.

Along with the identical switch companions of Canadian MR factors, different notable packages embrace Virgin Atlantic Flying Membership, Emirates Skywards, Singapore Airways KrisFlyer, and ANA Mileage Membership.

The switch companions for US MR factors are way more versatile, and may unlock direct entry to among the greatest flight rewards within the recreation, together with Emirates First Class, ANA First Class, and Singapore Airways Suites Class.

Moreover, along with Hilton and Marriott, US MR factors additionally has a 3rd resort rewards program switch accomplice: Alternative Privileges. 

Verdict: US MR factors have a a lot wider set of switch companions, making it the clear winner on this class.

Use US-issued Amex MR factors to e book Singapore Airways A380 Suites Class.

3. Annual Payment

In terms of annual charges, the US-issued Platinum Card has an annual charge of $695 (USD), which equates to ~$891 (CAD).

The Canadian-issued Platinum Card is available in decrease with a $699 (CAD) annual charge.

It’s price noting that the Canadian-issued Platinum Card has an annual $2oo (CAD) journey credit score that we normally take into accounts. Netted towards the annual charge, we are able to consider the Canadian card as having an “efficient annual charge” of $499 (CAD).

On the similar time, the US-issued Platinum Card additionally has a $200 (USD) annual resort credit score, equal to ~$256 (CAD). Nonetheless, this credit score is restricted to pick pay as you go resort bookings solely, and might be seen as much less versatile than the Canadian card’s $200 (CAD) journey credit score.

Even when we valued these journey credit equally, this might successfully cut back the US-issued card’s annual charge to $635 (CAD) – which might nonetheless be much less beneficial than the online value of the Canadian-issued card.

Verdict: The Canadian-issued Platinum Card has the sting, with a decrease internet annual value than the US-issued Platinum Card.

4. Credit & Provides

Taking a more in-depth have a look at annual credit supplied by the 2 playing cards, along with the $200 (USD) annual resort credit score, the US-issued Platinum Card has a handful of different credit which can or might not make a noticeable distinction.

The US-issued Amex Platinum Card gives the next credit:

  • $240 (USD) Digital leisure credit score
  • $155 (USD) Walmart+ membership: $12.95 per 30 days
  • $200 (USD) Month-to-month Uber credit: $15 per 30 days, with an additional $20 in December
  • $300 (USD) Equinox gymnasium credit score
  • $100 (USD) Saks Fifth Avenue credit score of two annual $50 assertion credit
  • $300 (USD) SoulCycle At-House Bike credit score
  • $200 (USD) Airline incidental credit score
  • $189 (USD) CLEAR membership credit score
  • $85–100 (USD) TSA PreCheck or World Entry credit score

These credit are sometimes in comparison with a coupon e book. Since they’re restricted to particular retailers, they’re solely helpful to you in case you would have in any other case spent cash there anyway.

In the event you don’t in any other case frequent these companies, you’d basically should spend extra money simply to utilize them.

Most of those credit might already be tough to totally burn up for these primarily based within the US, and are typically much more tough for Canadians. 

The exception often is the $200 (USD) airline incidental credit score, which might usually be used to load up a united journey financial institution for future journeys with one of many main US airways. 

On the Canadian aspect, along with the $200 (CAD) annual journey credit score supplied on the Canadian-issued card, you’ll additionally obtain a $100 (CAD) NEXUS credit score as soon as each 4 years to cowl the price of a NEXUS software or renewal.

Verdict: This class is a little bit of a toss up. A few of the US-issued card’s credit may be invaluable, however they’re tough for a lot of US-based cardholders to maximise, not to mention for Canadians. Then again, the Canadian-issued card doesn’t have fairly as many credit accessible. 

Assuming you may make use of a portion of the credit, I’d say that the US-issued Platinum Card nearly has the sting right here.

5. Incomes Charges

After all, incomes charges are all the time an vital issue to contemplate, particularly when deciding on a card to carry long-term.

The Canadian-issued Platinum Card has the next incomes construction:

  • 3 MR factors per greenback spent on eating & meals supply in Canada
  • 2 MR factors per greenback spent on journey purchases
  • 1 MR level per greenback spent on every thing else

The 3x return on eating and 2x return on journey are pretty robust at first look. However let’s check out the US-issued Platinum Card’s incomes construction for a side-by-side comparability:

  • 5 US MR factors per greenback spent on airfare 
  • 5 US MR factors per greenback spent on pay as you go lodges booked with Amex Journey
  • 1 US MR level per greenback spent on every thing else

The 5x return on airfare is definitely the very best return on airfare spending amongst all bank cards within the US and Canada.

Earn 5 factors per greenback on journey bills with the US-issued Amex Platinum Card

The worth of the incomes charges will depend upon which classes you are inclined to spend your cash. In the event you journey loads and regularly spend on airfare, the 5x return alone far outweighs the Canadian card’s incomes charges.

Verdict: For these with a excessive spending threshold within the journey class, the Amex US Platinum Card definitely has a standout incomes construction.

Then again, the Canadian-issued Platinum Card could also be compelling in case you are inclined to spend extra on eating – however remember, it’s nonetheless outshone by a lower-tier product in the identical market, the Cobalt Card.

For that motive, the US-issued Platinum Card’s best-in-class incomes charges wins this class. 

Perks & Advantages

1. Lounge Entry

Each the Canadian- and US-issued Platinum Playing cards provide a complete suite of lounge advantages, together with entry to the World Lounge Assortment.

These journey advantages are thought of among the strongest, as they embody the unique Centurion Lounges and entry to pick Precedence Cross lounges.

Centurion Lounge Mexico City – Front desk
Get pleasure from entry to American Specific Centurion Lounges with Platinum Playing cards

For the time being, each the US- and Canadian-issued Platinum Playing cards can help you herald two visitors to the Centurion Lounge freed from cost. 

As of February 2023, nevertheless, this might be altering. To deal with overcrowding points, the US-issued Platinum Card could have a visitor entry charge of $50 (USD) per visitor, and should “earn” the visitor allowance of two free visitors by spending $75,000 (USD) on the cardboard inside a calendar 12 months.

Nonetheless, this modification doesn’t seem to have an effect on Canadian-issued Platinum Playing cards, so by February 2023 the Canadian card will maintain the benefit of continuous to supply a two-guest allowance for Centurion Lounges with out having to achieve a really excessive spending threshold. 

Verdict: Though lounge entry is sort of equivalent for each playing cards, the Canadian-issued Amex Platinum Card is about to carry the sting as of February 2023 with a extra beneficiant Centurion Lounge visitor entry coverage. 

2. Different Journey Advantages

As a cardholder of the Canadian-issued Platinum Card, you’ll robotically obtain Marriott Gold Elite standing, Hilton Gold standing, and Radisson Gold standing. On the US aspect, you’ll solely obtain Marriott Gold Elite and Hilton Gold standing.

Get free breakfast at Hilton lodges with Hilton Gold standing

Moreover, each playing cards can entry American Specific’s Tremendous Inns & Resorts (FHR) program, which helps you to can e book particular charges at choose luxurious lodges around the globe with perks like suite upgrades, day by day breakfast for 2, and advantages distinctive to every property.

The 2 premium playing cards additionally provide a mixture of airport precedence companies.

On the Canadian-issued card, advantages embrace automobile rental reductions and precedence safety lanes at Toronto Pearson Worldwide Airport. On the US-issued card, you’ll additionally obtain premium automobile rental standing for upgrades and reductions.

Verdict: On one hand, you’ll obtain one further resort elite standing with the Canadian-issued Platinum Card. Radisson Gold isn’t precisely essentially the most sought-after standing stage, however you by no means know when it’d turn out to be useful.

Then again, anecdotally talking, the Tremendous Inns & Resorts charges can at occasions be extra beneficial on the US-issued Platinum Card, with a smaller distinction to the publicly accessible charge in comparison with the Canadian FHR program. 

Total, these journey advantages are basically on par with one another, and we are able to name this spherical a tie.

Different Elements

1. Journey Insurance coverage

As top-of-the-line journey bank cards, each nations’ Platinum Playing cards provide very robust insurance coverage protection, together with flight delay, journey cancellation, automobile rental insurance coverage, and baggage delay insurance coverage. Moreover, each provide an identical model of buy safety advantages.

Whereas the utmost protection quantities on the above insurance coverage sorts are extra beneficial on the US aspect, the Canadian-issued Platinum Card naturally gives one thing that Canadians take pleasure in however People lack: medical insurance coverage.

Certainly, the Canadian Platinum Card comes with emergency journey medical insurance coverage of as much as $5,000,000 and journey accident insurance coverage of as much as $500,000. 

Verdict: Whereas each playing cards provide pretty complete journey insurance coverage and buy safety, the Canadian issued card’s emergency medical and journey accident insurance coverage strikes the needle considerably in its favour.

2. Visible Look

The 2 playing cards look nearly equivalent. Each are made from smooth steel and have a basic American Specific design.

American Specific Platinum Playing cards are made from steel

Regardless of their equivalent look, the US-issued card not too long ago unveiled a couple of vibrant reimagined designs, which might be thought of extra visually engaging if that’s your factor.

Verdict: Whereas the steel bank cards will make the identical clang-clang-clang noise when tossed on the desk on each side of the border, we’ll give this one to the US-issued Amex Platinum Card for the additional design optionality.

Conclusion

After evaluating the worth proposition of each the Canadian- and US-issued Amex Platinum Playing cards, I’d say it’s a really shut name as to which product gives higher worth.

The Amex US Platinum Card is definitely price choosing up when it’s placing on a robust welcome bonus, which tends to be increased than what we see on the Canadian aspect.

Nonetheless, I don’t assume it’d be too compelling to maintain 12 months after 12 months until you spend a really excessive quantity on airfare and may maximize its superior 5x incomes charge in that class.

Whereas it’s true that the Amex US MR program does provide a superior set of switch companions, however you’ll be able to all the time pool the factors out of your Platinum Card with one other US-issued Amex product in case you resolve to half methods with the cardboard.

In the end, most Canadians will doubtless profit extra from our homegrown Platinum Card. It comes with a decrease internet annual charge, a strong vary of switch companions, robust journey advantages, a superior Centurion Lounge visitor coverage as of 2023, and – in a really Canadian benefit – as much as $5,000,000 in emergency medical protection.

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