Canada American Express Platinum Card Annual Fee to Increase by 75%

FlyerTalk members who reside in Canada are finding out that their American Express Platinum Card annual fees are increasing from $399.00 to $699.00 — a greater than 75 percent increase — as of Friday, June 29, 2012.
The new benefits associated with the Canada American Express Platinum Card are as follows:

  • Complimentary enrollment in Priority Pass Worldwide
  • $200.00 annual Airline Fee Credit, to match the United States version of the American Express Platinum Card
  • No booking fees on any travel booked through American Express Platinum Card Travel Services
  • Toronto Pearson Airport expanded Priority Lane access, Complimentary Valet Service and 15 percent parking discount at on-site lots
  • Gold Elite membership with Club Carlson
  • Platinum Membership with Le Club Accorhotels
  • Preferred Golf Membership for a full year

Disappointed FlyerTalk members are threatening to not renew their American Express Platinum Card memberships — and I cannot say that I blame them. As it is, the benefits offered by American Express — whether in Canada or the United States — do not justify their annual fees, in my opinion. That certainly does not mean that the same applies to you, of course — but, as they say, “your mileage may vary.”
Additionally, I have had more than one bad experience with American Express to the point where I no longer carry an American Express card, nor will I consider applying for an American Express card membership anytime in the foreseeable future.
I personally would not recommend applying for an American Express Platinum Card with the benefits stated above for an annual fee of $699.00, as there is no way I would even come close to getting what I consider value for the money spent. However — as with anything else — if the benefits significantly outweigh the annual fee cost for you, then by all means apply for it.

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