Is the AMEX PLATINUM Still WORTH It in 2024?

📣 Is the AMEX PLATINUM STILL WORTH IT IN 2024

With the recent annual fee rise – from $599 to $799 – it’s a question everyone’s asking.

Although there’s no universal answer, there are a few clear signs to help you decide if the Amex Platinum is worth it; and if you decide it is, how to make Amex Platinum worth it and reap the amazing rewards on offer.

That’s our focus in today’s video, where you’ll learn:

1️⃣ Is The Amex Platinum Card Worth it in Canada: we walk you through every feature and benefit you need to know about so you can decide if the Amex Platinum is worth it to you.

2️⃣ How To Make Amex Platinum Worth It: if you do get the Amex Platinum, the important steps you need to take to ensure you get the biggest return on your investment.

3️⃣ Alternative Cards to The Amex Platinum: if you decide the Amex Platinum isn’t worth it, the different cards you can get with a lower annual fee but equally great rewards.

(as well as who this new guy with the beard is)

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There’s no denying that the Amex Platinum is a great card, but with the annual fee now almost $800, it may no longer be a must-have in your wallet.

⬇️SIGN UP FOR THE AMEX PLATINUM HERE:⬇️

If not, here are some other cards you’re sure to love 👇👇

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💳 Best Travel Card

💳 Best Cash Back Card

💳 Best Card For Daily Spending

💳 Best Card with No Foreign Transaction Fees

💳 Best Card For Beginners

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🫶 Don't forget to leave a comment sharing your own experiences with the Amex Platinum and if you feel the Amex Platinum is still worth it in 2024.

👍 If you find this video helpful, please give it a thumbs up and share it with others who might benefit and subscribe for more Miles & Points videos and Travel Guides.

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WATCH NEXT

[JoeUrbanYYC]

Good vid! Especially for a first vid.
What's funny is I thought he started off a bit stiff and then quickly loosened up but then I realized it was because his hands and forearms are off camera so only when he gets really animated do they enter into the picture. So I'd recommend a wider field of view or getting your hand motions on camera more often.

The only other thing I'd recommend is analyzing Ricky methods his effectiveness is mostly a) he always sounds excited about the message and b) his manner is informal/personable like he's telling this exciting news to a friend. Good aspects to try to emulate.

[Jacob-Sent.]

The answer would depend on how often does the cardholder travel.... Since the advantage of that card are the lounges and travel points.

[kevincollins]

I just finished my first year with an Amex Platinum and will definitely be renewing for the second year. I travel frequently and get the value of the fees from the lounge access alone. The travel insurance as well is excellent and I use the concierge at least once a month. Good card and it will definitely keep a slot in my wallet.

[johnnguyen]

I don’t even travel that much. Maybe 2-3 times a year but I’ve used those lounges at every airport. I don’t dread the long layovers anymore! I’ve been able to use the dining credit and travel credit plus the Amex offers. All in all, for not travelling that much I’ve gotten way more value than the $799.

[alexanderkozlov]

TJ is great! I would like to see more if him in the future! One thing I noticed about TJ, besides him having a wealth of knowledge on the topic, is that he is please share your shoulders workout routine with us!

[bcrcndr]

I have AMEX Platinum and TD VIP. I think they're worth the annual cost. AMEX for lounge access and offers. I plan on using the Food and Travel credit soon. TD for better Aeroplan earnings and Insurance.

[trustedmortgages]

Hey TJ great first video. Relax. Don’t worry about being perfect. Great job eliminating any “ums” or other awkward words.

[BA-liur]

Ricky, what I still can’t figure out is if the travel insurance is actually good.

Right now I’m spending a few hundred a year at BCAA on their insurance. In the past they’ve covered a hospital stay in Japan over $2000, a new flight after I missed mine due to traffic between Vancouver and Seattle, that was like $1800 and most recently I had to buy some eye glasses and get an exam abroad, paid for to the tune of like $200. So I’m VERY satisfied as a customer.

If I knew Amex would do the same, I could save that money and totally offset the annual fee. But I can’t seem to find anyone who can totally vouch for the Amex insurance.

Even without the insurance I see it as $399 unlimited lounge access. I have star gold, but as a non-rev traveller priority pass is very valuable. The biggest beef is a lack of lounges at UA hubs. But at $400 that’s less than the PP membership would cost and as long as I use 20 lounge visits in a year I can pretty easily make that a saw off too.

Am I trying too hard to justify this card? Maybe. But it’s the only card in my view that even tries to justify its hefty fee. The AC Amex at $599 doesn’t even come close imo.

[Hintonbro.]

Funny how actually using the card for purchases to earn points is not considered ’premium’ at all. The earn rate is subpar compared to alternatives.

[_TPE_TW_]

Sucks losing the 3x on dining but I won't be cancelling my platinum card.

[alexandreprince]

Very happy to see other members of the crew make their way in front of the camera! Good job TJ, keep up with the good work!

[dazone]

It is not worth it in canada when you compare it to the offers you get in the US.

[tidy]

I have the Amex biz platinum and I don't see the value of the card.

[jasonmarcellus]

If I already have a foreign issued platinum charge card, will I still be eligible for the sign up bonus for the Canadian version of the platinum charge card?

[lalalla]

hotel status is overrated, in my opinion. I have never received an upgrade staying in a Marriott (despite gold and booked directly on Marriott).

[fogrunr]

In the first three months of having this card it saved me $1, 800 with a direct booking.

[jayzee]

we travel 3-4x a year, and each time have about 4-5 legs of flights, and not every flight is BC so we use amex to get into lounges, and given 2x adult per entry, its about 8-10x per trip, so overall it's still sort of working ok. plus the 200 dollar hotel credit.

[BrentLoy-lswr]

You left out another big problem with the Platinum card. The Amex lounges often have a waitlist. Last couple of trips, the lounge had a 30+ minute wait. Considering I only had a 1 hour connection, I only got to use the lounge for a couple of minutes. The priority pass lounge situation was even worse, not only were the lounges too busy, but they were not accepting priority pass customers. As well you can only get the sign up bonus once. So if you had the card some time in the pass, you are done getting the bonus points.

[joykossivas]

Not worth it in my humble opinion, you can get lounge access for $40 per person and still not pay $799, there are better cards out there however, the metal card kind of makes you feel special 😆that is where it ends.

[fogrunr]

4 days, 4 airports, $400 airfare, 4 lounges, ... priceless😂😂🎉🎉🎉