Platinum Mastercard Business Card
Annual Fee
$0.00*
Interest Rate
19.99%
Balance Transfer
3.90%*
Cash Advance
22.99%
Credit Score
Good
Rewards
1.35%*
- Earn 1.5 points per dollar spent with the card
- Earn points even faster by adding another card to your account (e.g. for your spouse) or by booking travel through our À la carte Travel online agency.
- Save on vacation packages and airline tickets when you redeem your points through the À la carte Travel online agency.
- With the À la carte Rewards Plan, you have the freedom to travel with the agency and airline of your choice.
- Get up to 2.5% off at Ultramar.
- Zero Liability included
- Purchase protection against theft or damage: 180 days following the purchase date
- Extended warranty: triple (up to 2 additional years)
- Trip cancellation insurance: up to $1 250 per person
- Trip interruption insurance: up to $2 500 per person
- Out-of-province-of-residence medical/hospital insurance: up to $5 000 000 per person for 10 days (75 and over: no coverage) If your trip is longer than these time periods, you will not be covered.
- Flight delay insurance: up to $500 per person (over 4 hours)
- Baggage insurance in case of delay: up to $500 per person (over 6 hours)
- Baggage insurance in case of theft or loss: up to $1,000 per person
- Vehicle rental insurance: against collision, theft or damage for a period of 48 days (theft of personal effects up to $2,000)
- Medical, general and legal assistance: included
You must be a Canadian resident.
You must be the age of majority in your province/territory of residence.
Summary
The Platinum Mastercard Business Card allows its holders to travel with peace of mind, use their card for business expenses, as well as take advantage of a big expense to accumulate more points. With its À la carte Travel agency and Rewards Plan, as well as extensive insurance, this card is intended for frequent travellers.
Earn 1.5 points per dollar spent with the card!
Our Review
Platinum Mastercard Business Card
The Platinum Mastercard Business Card allows its holders to earn rewards points for their business expenses. Holders can earn 1.5 points for every dollar charged to the card, plus benefit from extensive insurance coverage. This card is aimed at travellers, featuring access to the À la carte Travel agency, Rewards Plan and an array of travel insurance, as well as a 2.5% discount on gas at Ultramar. This card comes at an annual fee of $125 dollars, however you can get a refund on annual fees for the first year. With the insurance and rewards, this card may be worth the annual fee to some, but the earnings are at a modest 1.5%, and after the first refunded year there are travel cards with similar insurance packages and rewards for a lower fee.
As per our rating system, this card scored 19/25 on rewards, 18/25 on interest rates and balance transfers, 19/25 on perks and insurance, and 21/25 on annual fees. Therefore, the total smart score of this card is 77/100.
Pros
- Earn 1 point per dollar spent with the card
- Limited time offer: Get a refund on annual fees for the first year ($125 value)*, and get a refund on annual fees for additional cards the first year ($50 value)*
- Save on vacation packages and airline tickets when you redeem your points through the À la carte Travel online agency.
- With the À la carte Rewards Plan, you have the freedom to travel with the agency and airline of your choice.
- Points can be redeemed in a variety of ways, including travel, merchandise, gift cards and statement credits.
- This card includes an extensive array of insurance coverage, including zero liability, purchase protection, extended warranty, and many types of travel-related insurance.
- Get up to 2.5 % off at Ultramar.
Cons
- After the first refunded year the annual fee is $125
- Additional cards come at an annual fee of $50 after the first refunded year.
- Reward returns are at a modest 1.5 points per dollar.
- As a business card, this card does not offer any business-specific insurance coverage.