 Hello, this is Amit Dan of amitdan.com today I'll have another episode of trade card video and I'll talk about the American Express Airmass Platinum trade card There are changes coming to this great card is starting November 4 2019 And I'll go over some of the changes and I'll provide you my non-affiliated unbiased and honest opinion whether you know it makes sense to Have this card or you have better options to have other airmass trade card So I'll start with Comparing what it is offering right now and what this is going to be after the change starting November 4 So the first thing notice that the annual fee is going to be increased to hundred twenty dollars from sixty five dollars and There is a significant change in the iron rate, which is going to be increased a lot So for example right now you are ten dollars per I'm sorry You are one mile for every ten dollars at grocery gas and drug stores in Canada and for everything else you are One mile for fifteen dollars, which is going to be changed to one mile for each five dollars in restaurants coffee shops gas and transit and there's a cap up to $30,000 annually and for everything else you'll be earning one mile for each ten dollars and And they're throwing in some annual travel redemption benefit So for example when you redeem your airmass per year for the first redemption Once per calendar year if you are redeeming via eligible dream miles with airmass real program To book your first single flight or package vacation through airmass website Then it's going to happen is that you're going to be getting bonus miles equivalent to 25% of the Total mines you used which cannot exceed 750 air miles so that's a change and then the Interest rate is slightly changing. It's not a that a big change so I value per Airmass ten cents never redeem airmass below ten cents but if you redeem for travel or flights then you can Get actually more than ten cents you can get up to let's say 15 cents per air mile or even 20 cents depending on how you redeem So whenever you're redeeming for travel or flight purposes, then you get the most value of the airmass But for this calculation, I'm going to just assume that you're getting the ten cents per air mile value and If you do that then the highest unrate for the new after the changes is going to be Per five dollars you'll get one air mile. So that gives you about two percent return per dollar which is not bad, but it's not that great either and The rate even goes lower if you are, you know a spending or using the card for everything else categories Which is ten dollars per one mile and then there's the hundred twenty dollars annual fee, which is currently 65 dollars So unless you are totally depending on airmass or this is your only works program I don't see any point paying hundred twenty dollars and to use this card because this card It's just giving you some increased air miles on ratio However, when you are compared this card in terms of Benefits it has almost no benefits. So for example, let's go over some of the benefits this card offers In terms of travel and shopping coverages. It has car rental theft and damage insurance $100,000 travel accident insurance purchase protection and buyers assurance protection So that's all you're gonna get. There's no travel insurances or any Anniversary bonus or any lounge access or anything. So this is a very poor card in terms of benefits But if you go to other cars paying the same hundred twenty dollars annual fee You'll be getting a lot more. For example, another highest earn rate credit card for airmiles We have on the market is that the BMO airmiles World elite credit card BMO airmiles world elite master card has the same annual fee hundred twenty dollars And if you look at the benefit this card actually has One air mile per ten dollar definitely slower than what the American Express Platinum is going to give you after November four But in terms of benefit you get a lot more for having this car for example It gives you planetary launch key access with the two annual complimentary free passes So what what it means that you know, you have the launch key membership plus two free annual passes So if you only use this benefit your return is two hundred fifteen dollars Canadian because if you purchase the same Lounge membership via priority pass then it's 99 dollars and each visit is 32 dollars US So if you add that up then two free passes plus launch key Which is only for master card members. It's almost same like the priority pass membership a little bit different But you know master cars lots of master cars. They're switching to launch key from priority pass They're owned by the same parent company. So let's say if you want to get this benefit by paying dollars Then you're gonna be paying two hundred fifteen dollars. So your annual fee hundred twenty dollars You get much more than hundred twenty dollars right here. Just using only one benefit but it has Full medical insurance coverage benefits So you get all travel and medical protection for 15 days and then Up to two million dollars. So each of the American Express Airmass does not provide and then you have other benefits for example, you get 15% discount on flights in North America when you book with the this credit card and Basically, these are the main benefits and also another benefit this card has a more airmass world elite master card is the concierge service concierge service is like Personal assistant and they can help you with the travel arrangements or anything you can possibly imagine So you get so much more with the BMO world elite master card just paying hundred twenty dollars with a slightly lower earn rate, but if you go to American Express Platinum Airmass card that you're just getting more airmass one mile per five dollars after November 4 But in terms of benefits and insurance, you have almost nothing the four insurance benefits You're looking at these are very basic benefits Even non no annual fee trade cards would give you these benefits. So this card, you know lounge access No full travel and medical insurance benefits. No anniversary bonus. No nothing So unless you know airmass you'd like to earn more airmass Which is going to be one air mile per five dollars And you don't want any benefits or any lounge access or anything concierge services Then definitely the American Express Airmass Platinum credit card is for you but if you're looking for one credit card Which earns you one mile per ten dollars spent and then all the additional benefits including full travel medical insurance insurance to free lounge passes plus the membership and concierge service and much more than definitely you should go for the BMO airmass world elite master card So that's all I wanted to talk about. Thank you for watching this video Forget about subscribing this channel forget about liking this video. I'll see you shortly