Credit Cards

Amex Air Miles Platinum credit card doubles earn rate, adds other benefits

By: Lisa Coxon on November 4, 2019

Amex Air Miles Platinum Credit Card holders will be able to take advantage of a better earn rate, as well as an annual travel redemption benefit, effective Monday. 

Under the old rules, cardholders could earn one mile for every $10 they spent at eligible Air Miles partner stores, including gas stations, grocery stores and drugstores; and one mile for every $15 in purchases everywhere else.

As of Nov. 4, cardholders will now be able to earn one mile for every $5 in purchases (up to $30,000 a year) on food and drinks, including at grocery stores, restaurants and coffee shops, and eligible gas stations and transit (including public transportation, ridesharing services, and taxis); and one mile for every $10 they spend everywhere else.

“As we look to expand the value we offer, we are excited to innovate with existing partners to bring new ways to reward Collectors every day,” Blair Cameron, president of Air Miles Canada, said in a release.

“We are thrilled that together with American Express, we are launching a Card that provides improved benefits, a fast path to rewards and the opportunity to get more back from everyday purchases.”

The new annual travel redemption benefit also comes into effect today. It lets cardholders gain bonus miles when they use dream miles to book their first single flight or package vacation through the Air Miles website. The bonus miles customers can earn are equivalent to 25% of the net number of miles they used to book their flight or package (up to a maximum of 750 points).

On top of that, new applicants for the Amex Air Miles Platinum Credit Card are also being offered up to 3,500 bonus miles if they apply by January 20, 2020.

New cardholders have the potential to earn 1,700 bonus miles when they charge $1,500 to the card within the first three months, and another 1,800 bonus miles if they spend $500 on their card in each of the first six monthly billing periods, up to a maximum of 300 bonus miles for each billing period (300 x 6 monthly billing periods = 1,800).

“We want our Cardmembers to get the most out of their day-to-day purchases, whether they're paying for groceries for the family or commuting to work,” said Megan McKee, vice president and general manager of consumer cards at American Express Canada, in the release.

“This refreshed Card allows them to maximize their Miles earning potential and turn their daily cup of coffee into their next family getaway.”