Membership Rewards @ 1.5¢/pt

Amex Platinum (Canada)

Annual fee $799 · 2.5% FX · Insurance 9/10 · Lounge 10/10

Net value @ your spend

+$596

rewards $1,095 · credits $425 · fee −$799 · fx −$125

Per-category math

rate × spend × ¢/pt = $ earned

Category	Rate	Spend	¢/pt	= Earned
Groceries	1×	$12,000	1.5¢	$180
Dining	2×	$8,000	1.5¢	$240
Travel	2×	$10,000	1.5¢	$300
Gas	1×	$4,000	1.5¢	$60
Recurring	1×	$6,000	1.5¢	$90
All Other	1×	$15,000	1.5¢	$225
Subtotal				$1,095

One card per situation

✓ Use when

Restaurants and travel where Amex is accepted — 2x MR × 1.5¢ = 3¢/$, tied with Eclipse on dining.
Booking 2+ night hotel stays via Fine Hotels + Resorts (room upgrade, breakfast for 2, $100 property credit — frequently $300–$500 of real value per stay, on top of points).
Any time you'll use a Centurion Lounge or Global Lounge Collection lounge — lounge access is best-in-class (10/10).
Spending the $200 annual dining credit and $200 travel credit (treat these as guaranteed; don't let them expire).
Applying the $100 NEXUS rebate (every 4 years).

✗ Avoid when

Anywhere Amex isn't accepted — most Canadian grocery stores, gas stations, and small merchants take Visa/MC only.
Groceries, gas, recurring, 'all other' — base 1x rate is poor (1.5¢/$) vs. category specialists.
Foreign spend — 2.5% FX, no rebate.
If you won't realistically use $400+ of the credits and at least one premium lounge visit per year, the $799 fee makes this a net loss.

No category caps on this card

Every bonus category on this card is uncapped — you earn the headline rate on every dollar of qualifying spend.

Direct from the issuer

Notable perks

Insurance

Other cards