Wednesday, February 13, 2019

New AmEx Platinum Charge Card (metal card)

The new AmEx Platinum (metal card) is alive on AmEx Canada website:

This is the 4th metal credit card in Canada, and probably the easiest one to get. The other 3 Canadian metal cards are AmEx Centurion, HSBC Jade WEMC & RBC Private Banking Visa Infinite Privilege. Previous cardholders can call their 800 number asking for a replacement card (this is the quickest way), or you can just wait for AmEx to send a new card (it will be slow...). Note: when you replace a card, the card number will be different.

The annual fee is still $699, and $200 Annual Travel Credit is still there. As a Platinum Cardmember, you can earn 3 points for every $1 in Card purchases on eligible dining in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases. And when you book prepaid eligible hotels or car rentals through American Express Travel Online, you can also earn 1 additional point2 for every $1 you charge to your Card.

As you know, it was 1.25 MR points for every $1 in card purchases before. Now, AmEx increases the return on Dining and Travel but decrease other purchases to 1X. No wonder the annual fee is not increased. 3X on dining is nice, but still not as good as the 5X dining from Cobalt. For other purchases, the new AmEx Platinum is the same or worse compared with the AmEx Gold Card. I guess many people may choose the AmEx Gold due to the annual fee difference. I will not say that I am disappointed today, but just not excited as I heard about the metal card change.

Note: the 3X on dining and 2X on travel is effective from Feb 13, 2019, but the 1X for other purchases will not be effective until Jun 25, 2019. Before that, card holders can still earn 1.25X for other purchases!

Actually, the main reason I am not happy is the fact that AmEx did not send me the new card and the fancy luggage earlier (now I realized that I am just a normal people) ...