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Published January 20, 2023

Best American Express Cards in Canada

Among the best American Express cards in Canada, you’ll find options for travel, cash back, business and more.

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own.

American Express made its name with cards that were status symbols as much as payment methods. Since launching its first card in Canada in 1958, the credit card network and issuer has developed a full suite of cards boasting generous rewards, valuable benefits, and useful side perks.  

We analyzed all the American Express cards available in Canada, comparing their benefits, earn rates, rewards and more to find the cards most appropriate for various consumers. Whether you’re seeking out the luxurious perks of a premium charge card or a more basic no-fee credit card, there’s likely an American Express card for you.


The best American Express cards in Canada

Best overall American Express card

American Express Cobalt® Card

American Express Cobalt® Card
  • Annual Fee
    $155.88
  • Interest Rates
    20.99% / 21.99%
  • Rewards Rate
    1x-5x Points
  • Intro Offer
    Up to 30,000 Points
Our Take
Why we like it

The American Express Cobalt Card boasts high rewards rates on everyday spending, a generous welcome bonus, comprehensive travel insurance coverage, flexible point redemption and plenty of specialty perks to keep things interesting all year long.

Pros
  • Earn 150,000 points in the first year by spending up to $30,000 on eats, drinks and groceries. Combined with the 30,000 point intro offer, you could earn 180,000 points in your first year, which you could redeem for travel and more.
  • Easily transfer the points you earn to popular airline and hotel loyalty programs, such as Aeroplan and Marriott Bonvoy.


Cons
  • Airport lounge access isn’t provided, which may disappoint some frequent travellers.
  • No travel medical coverage for cardmembers over the age of 65.
Product Details
  • In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card. This could add up to 30,000 points in a year. That’s up to $300 towards a weekend getaway or concert tickets.
  • Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery.
  • Earn 3x the points on eligible streaming subscriptions in Canada.
  • Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That’s 2X the points on purchases that get you from point A to B.
  • Earn 1 point for every $1 in Card purchases everywhere else. We won’t tell you where to spend, we’ll just reward you on your Card purchases.
  • Transfer points 1:1 to several frequent flyer and other loyalty programs.
  • Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events.
  • Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply.

Best American Express card for Aeroplan rewards + our pick for travel bookings

American Express® Aeroplan® Reserve Card

American Express® Aeroplan® Reserve Card
  • Annual Fee
    $599
  • Interest Rates
    20.99% / 21.99%
  • Rewards Rate
    1.25x-3x Points
  • Intro Offer
    Up to 85,000 Points
Our Take
Why we like it

Comprehensive travel insurance, Air Canada benefits, impressive earn rates and unlimited rewards make the American Express Aeroplan Reserve Card a strong choice for frequent travellers.

Pros
  • Strong earn rates with unlimited rewards.
  • Air Canada airport benefits, like Maple Leaf Lounge access, a free checked bag, Priority Airport Check-In, Priority Boarding for you and up to eight travel companions.


Cons
  • A high $599 annual fee.
  • The highest earn rate only applies to Air Canada travel purchases, so this card might not be a good fit if you prefer another airline.
Product Details
  • New American Express® Aeroplan®* Reserve Cardmembers can earn up to 85,000 Aeroplan points:
  • Earn 55,000 Aeroplan points after spending $6,000 in net purchases on your Card within the first 6 months of Cardmembership.
  • Plus, you can also earn 5,000 Aeroplan points for each monthly billing period in which you spend $1,000 in purchases on your Card for the first 6 months of Cardmembership. That could add up to 30,000 Aeroplan points.
  • New Cardmembers: Earn up to $2,700 in value within your first year. Spend applies to bonus point offers valued at up to $1,700.
  • New Cardmembers: Receive up to $100 CAD in statement credits every four years when a NEXUS application or renewal fee is charged to your American Express Aeroplan Reserve Card.
  • Standard Earn Rate: Earn 3X the points on eligible purchases made directly with Air Canada®* and Air Canada Vacations®*.
  • Standard Earn Rate: Earn 2X the points on eligible Dining and Food Delivery purchases in Canada.
  • Earn 2X the points on eligible purchases with Rocky Mountaineer®**. Plus, you could receive a Complimentary Hotel Room Category Upgrade, on the first and last night, and a Complimentary Upgrade from SilverLeaf to GoldLeaf class of service when you book directly with Rocky Mountaineer using your Aeroplan Reserve Card.
  • Standard Earn Rate: Earn 1.25X the points on everything else.
  • Get through the airport quicker with Air Canada Priority Check-In, Air Canada Priority Boarding and Air Canada Priority Baggage Handling.
  • Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date; your Pass entitles you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to a maximum of $599 CAD (plus taxes, fees, charges, and surcharges).
  • Enjoy access to select Air Canada Maple Leaf Lounges™* and Air Canada Café™ in North America for you and a guest, with a same day ticket on a departing Air Canada or Star Alliance flight.
  • Enjoy your eligible first checked bag free for up to 9 people travelling on the same reservation on Air Canada flights.
  • Roll over any unallocated Aeroplan Elite™* Status Qualifying Miles and unused eUpgrade Credits to the following year to enjoy during your travels.
  • American Express® Experiences opens doors for you to access a number of special events, including special dining experiences, VIP parties, advance film screenings and more.
  • Get more from your travel experience at Toronto Pearson International Airport with:
  • Access to Pearson Priority Security Lane.
  • Complimentary valet service at the Express Park and Daily Park.
  • 15% discount on parking rates at the Express Park and Daily Park.
  • 15% discount on Car Care Services.
  • Get access to more than 1,200 Priority Pass™ airport lounges and enjoy an oasis of comfort before your flight, regardless of your airline or cabin class.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express card for cash back

SimplyCash® Preferred Card from American Express

SimplyCash® Preferred Card from American Express
  • Annual Fee
    $119.88
  • Interest Rates
    20.99% / 21.99%
  • Rewards Rate
    2%-4%
  • Intro Offer
    Up to $400
Our Take
Why we like it

Get rewarded at the gas station and grocery store with 4% cash back, plus enjoy a high ongoing flat-rate of 2% cash back on everything else.

Pros
  • The unlimited 2% cash-back earn rate is among the highest we evaluated.
  • You can earn up to $400 in the first ten months.


Cons
  • The bonus rewards rate on gas and groceries drops down to 2% after a $30,000 annual spend.
Product Details
  • In your first 10 months as a new SimplyCash® Preferred Card from American Express Cardmember, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to $400 in statement credits in the first 10 months.
  • Earn accelerated earn rates on eligible gas and grocery purchases.
  • Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases.
  • Access events and special offers curated for Cardmembers with American Express® Experiences.
  • Extensive insurance coverage and 24/7 Customer Service.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best premium American Express card

The Platinum Card® from American Express

The Platinum Card® from American Express
  • Annual Fee
    $699
  • Interest Rates
    Varies
  • Rewards Rate
    1x-3x Points
  • Intro Offer
    Up to 80,000 Points
Our Take
Why we like it

This precision-cut and engraved metal Platinum Card boasts a generous intro offer, strong earn rates on rewards, and an impressive array of premium benefits and perks.

Pros
  • From special reservations to insider tips, you can enhance your travel experiences with complimentary, personalized service from Platinum Concierge — available 24/7.
  • Benefit from a full suite of Platinum-level travel perks, such as worldwide airport lounge access, the Global Dining Collection, and more.


Cons
  • Unless you plan to travel a lot, it may be difficult to offset the high $699 annual fee.
  • No travel medical coverage for cardmembers over the age of 65.
Product Details
  • Unlock special experiences with the Platinum Card®.
  • Earn up to 80,000 Membership Rewards® points – that’s up to $800 towards a weekend away.
  • New Platinum® Cardmembers, earn 60,000 Welcome Bonus points after you charge $6,000 in net purchases to your Card in your first 3 months of Cardmembership.
  • Plus, earn 20,000 points when you make a purchase between 14 and 17 months of Cardmembership.
  • Earn 3 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases.
  • You will have access to a $200 CAD Annual Travel Credit to use towards any single travel booking of $200 or more charged to your Platinum Card and made on www.americanexpress.ca/travel or through Platinum Card® Travel Service.
  • Take full advantage of The American Express Global Lounge Collection™ which unlocks access to over 1,300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
  • Enjoy flexible ways to use your points such as statement credits for any eligible purchase charged to your Card, new travel purchases booked on American Express Travel Online through the Flexible Points Travel Program, and eligible flights through the Fixed Points Travel Program.
  • Transfer points 1:1 to several frequent flyer and other loyalty programs.
  • Enjoy complimentary benefits that offer an average value of $550 USD at over 1,000 extraordinary properties worldwide when you book Fine Hotels + Resorts.
  • Platinum Cardmembers can enjoy access to special events and unique opportunities.
  • Enjoy premium benefits at the Toronto Pearson Airport such as discount on parking.
  • You will also have access to many leading hotel and car rental companies’ loyalty programs. Our partners include Marriott International, Hilton Hotels and Resorts, Radisson Hotel Group Americas, Hertz and Avis.
  • Interest applies in accordance with your Cardmember Agreement, Information Box, and Disclosure statement if the total New Balance is not paid by the Payment Due Date each month. All payments must be received by the Payment Due Date shown on the monthly statement.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express card for rewards on daily essentials + our pick for no foreign transaction fees

Scotiabank Gold American Express® Card

Scotiabank Gold American Express® Card
  • Annual Fee
    $120
    Waived first year
  • Interest Rates
    20.99% / 22.99%
  • Rewards Rate
    1x-6x Points
  • Intro Offer
    Up to 45,000 Points
Our Take
Why we like it

Not only does the Scotiabank Gold American Express card reward you with impressive rates in six popular spending categories, but it also comes with no foreign exchange fees.

Pros
  • No foreign exchange fee on any foreign currency purchases while travelling abroad or shopping online — you just have to pay the exchange rate.


Cons
  • The bonus rewards rates drop down to the 1x flat rate after a $50,000 annual spend. This sounds like a lot, but much of your daily spending is probably included in the six bonus categories, so you might hit the limit faster than you’d think.
  • Your points will expire if you don’t use them within 12 months of the purchase date.
Product Details
  • Earn up to $850* in value in the first 12 months, including up to 45,000 bonus Scene+ points and first year annual fee waived¹ . Offer ends April 30, 2023.
  • You will not pay 2.5% foreign transaction fees on any foreign currency purchases, including online shopping and when travelling abroad. Only the exchange rate applies.
  • Earn 5X Scene+ points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.
  • Earn 5X Scene+ points for every $1 CAD spent on eligible entertainment purchases. Includes movies, theatre, and ticket agencies.
  • Earn 3X Scene+ points for every $1 CAD spent on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more.
  • Earn 1X Scene+ point for every $1 spent on every other purchase.
  • You’ll earn 6X Scene+ points for each $1 CAD charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
  • You must redeem a minimum of 5,000 points per travel-related rewards redemption, equivalent to $50 in travel savings. Points must be redeemed within 12 months of the purchase date.
  • Discounted Priority Pass™ membership, which grants you access to over 1200 VIP lounges around the world.
  • Score deals on shopping, dining, travel and more with Amex Offers®, and experience special events and discounts with American Express Invites®.
  • Access to Amex Front Of The Line® presale and reserved tickets.
  • To be eligible, $12,000 (individual) annual income is required. Also, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
  • Terms and Conditions Apply. Click ‘Apply Now’ for complete details.

Best American Express card for AIR MILES + our pick for airport lounge access

American Express® AIR MILES®* Platinum Credit Card

American Express® AIR MILES®* Platinum Credit Card
  • Annual Fee
    $120
  • Interest Rates
    20.99% / 21.99%
  • Rewards Rate
    0.1x-0.2x Miles
  • Intro Offer
    2,000 Miles
Our Take
Why we like it

The American Express AIR MILES Platinum card’s array of Platinum perks and unlimited rewards make it a fantastic value. Plus, an intro offer valued at $200 makes the $120 annual fee well worth paying.

Pros
  • A generous intro offer worth $200 in purchases with AIR MILES Cash.
  • Includes several types of insurance: Car Rental Theft and Damage Insurance, Travel Accident Insurance, Purchase Protection® Plan, Fraud Protection Guarantee, and Buyer’s Assurance® Protection Plan.


Cons
  • The earn rate on food, drinks, gas and transit is capped at $30,000 annual spend. After that, you’ll need to spend twice as much to receive the same number of AIR MILES.
Product Details
  • New American Express AIR MILES Platinum Credit Card Cardmembers, earn a Welcome Bonus of 2,000 AIR MILES Bonus Miles when you charge a total of $1,500 in purchases to your Card within your first three months of Cardmembership. That’s enough to redeem for $200 towards your purchases with AIR MILES Cash.
  • Earn 1 Mile for every $5 in Card purchases, up to $30,000 annually, on eligible food & drinks, (such as eligible restaurants, coffee shops and stand-alone grocery stores), and eligible gas & transit (such as local commuter transportation including ridesharing services and taxi) in Canada.
  • Earn 1 Mile for every $10 in Card purchases everywhere else.
  • American Express® AIR MILES®* Platinum Credit Card Cardmembers can take advantage of the Annual Travel Redemption Benefit. Once per calendar year, when an eligible Cardmember uses Dream Miles with the AIR MILES Reward Program to book their first single flight or package vacation through airmiles.ca or vacations.airmiles.ca, they can get Bonus Miles equivalent to 25% of the net number of Miles used (up to a maximum of 750 Bonus Miles).
  • Shop at participating AIR MILES®* Partners®* across Canada with your Card and show your AIR MILES®* Card, and you can earn Miles twice.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express card for hotels

Marriott Bonvoy® American Express®* Card

Marriott Bonvoy® American Express®* Card
  • Annual Fee
    $120
  • Interest Rates
    19.99% / 22.99%
  • Rewards Rate
    2x-5x Points
  • Intro Offer
    50,000 Points
Our Take
Why we like it

The Marriott Bonvoy® American Express®* Card helps travellers earn free stays and experiences at some of the world’s ritziest hotels, restaurants and spas, while also providing helpful insurance options and flexibility in how Marriott Bonvoy® points can be used.

Pros
  • Solid earn rates should help members of the Marriott Bonvoy® program score free hotel stays.
  • Marriott Bonvoy® points can be transferred to frequent flyer miles with some airlines, including Air Canada’s Aeroplan.
  • Access to American Express® Experiences and several varieties of insurance.


Cons
  • You’ll need to be a Marriott Bonvoy® member to take advantage of the card’s most valuable benefits.
  • American Express isn’t always as widely accepted as some other credit cards, so using the Marriott Bonvoy® American Express®* — and collecting points — everywhere you go might not always be possible.
Product Details
  • New Marriott Bonvoy® American Express®* Cardmembers earn 50,000 Marriott Bonvoy® points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership. Subject to change at any time
  • Earn 5 points for every $1 spent in eligible Card purchases at hotels participating in Marriott Bonvoy®.
  • Earn 2 points for every $1 spent in all other Card purchases.
  • Receive an Annual Free Night Award for up to 35,000 points at eligible hotels and resorts worldwide every year after your first anniversary.
  • No annual fee on Additional Cards.
  • Redeem points for free nights with no blackout dates at over 7,000 of the world’s most desired hotels.
  • Automatic Marriott Bonvoy Silver Elite status membership.
  • Receive 15 Elite Night Credits each calendar year with your Marriott Bonvoy® American Express®* Card. These can be used towards attaining the next level of Elite status in the Marriott Bonvoy program.
  • Enjoy an automatic upgrade to Marriott Bonvoy Gold Elite status when you reach $30,000 in purchases on the Card each year or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your card.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express business card for rewards on daily essentials

American Express® Business Edge™ Card

American Express® Business Edge™ Card
  • Annual Fee
    $99
  • Interest Rates
    19.99% / 21.99%
  • Rewards Rate
    1x-10x Points
  • Intro Offer
    Up to 67,000 Points
Our Take
Why we like it

There’s a lot of value packed into the American Express Business Edge Card: a manageable annual fee, impressive earn rates on common business purchases, and a wide range of perks and special offers, such as business and expense management tools and payment flexibility.

Pros
  • The generous welcome offer and 1,000-point monthly spend bonus should be attainable for many businesses.
  • A healthy earn rate on several everyday business purchases, like office supplies, electronics and gas.
  • Ability to add up to 99 supplementary cards — and up to $100,000 in coverage in case of employee misuse.


Cons
  • Not all retailers accept American Express.
  • Because of the relatively low spending limits associated with the 10x and 3x earn rates, the increased rewards may not be in effect for long for some businesses.
  • Limited insurance coverage included.
Product Details
  • Earn up to 67,000 welcome bonus Membership Rewards® points.
  • Earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership.
  • Plus, earn 10x the points for every $1 spent on eligible business essentials including office supplies & electronics, rides & gas, eats & drinks within 6 months of Cardmembership, up to a maximum of 10,000.
  • You can earn an extra 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card. This could add up to 12,000 extra points in a year.
  • That’s $670 in statement credits that can be reinvested in your business.
  • Earn points that you can redeem in a variety of ways.
  • Earn 3x the points for Card purchases on eligible business essentials including office supplies & electronics, rides & gas, eats & drinks when your Welcome Offer ends. Caps and other conditions may apply.
  • Earn 1x the points on all other purchases charged to the Card.
  • Use points to offset business expenses. Membership Rewards® allows you to offset business expenses by covering the cost of purchases made on your Card, in full or in part. Redeem points for statement credits and to book flights, hotels, and car rentals.
  • Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
  • Make the most out of a full suite of business management tools that give you more control over your business – anytime and anywhere.
  • Leverage your cash flow with the option of carrying a balance or paying in full each month.
  • Employee Card Misuse Protection is a benefit created specifically for business owners and it provides coverage of up to $100,000 per Basic Cardmember in the event an employee misuses their Supplementary Card for unauthorized charges.
  • Access coverage that can protect your business purchases when you charge the full price of eligible items to your American Express Business Edge™ Card.
  • Protect your eligible purchases against accidental physical damage and theft for up to 90 days with Purchase Protection® Plan.
  • Double the manufacturer’s original warranty up to one additional year with Buyer’s Assurance® Protection Plan.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best no-fee American Express card + our pick for beginners

American Express® Green Card

American Express® Green Card
  • Annual Fee
    $0
  • Interest Rates
    20.99% / 21.99%
  • Rewards Rate
    1x-2x Points
  • Intro Offer
    10,000 Points
Our Take
Why we like it

The American Express Green Card has a simple rewards program with an accelerated earn rate on hotel and rental car bookings, and it’s easy to transfer your points to other loyalty programs for maximum redemption value. Oh, and the card itself is made from 99% recycled plastic.

Pros
  • No limits on rewards spending, and more ways to redeem your points than other no-fee rewards credit cards on this list.
  • Cardholders who enjoy VIP treatment will enjoy access to a multitude of perks through American Express Experiences.


Cons
  • Reward earn rates are lower than some other no-fee credit cards.
  • Lacks some of the travel perks and insurance options offered by other cards.
Product Details
  • Get the Card that lets you live in the moment while getting ready for the future.
  • The American Express® Green Card lets you go for it with every swipe or tap of your Card.
  • As a new American Express® Green Cardmember, you can earn a Welcome Bonus of 10,000 Membership Rewards® points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership. That’s $100 towards groceries or concert tickets.
  • Earn 1x the points on Card purchases.
  • Charge an eligible purchase to your Card and redeem your Membership Rewards points for a statement credit (All eligible purchases: 1,000 points = $10 statement credit).
  • With American Express Experiences and Front Of The Line®, American Express Cardmembers get access to amazing events in Canada.
  • Transfer points 1:1 to several frequent flyer and other loyalty programs.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express business card for airline rewards

American Express® Aeroplan®* Business Reserve Card

American Express® Aeroplan®* Business Reserve Card
  • Annual Fee
    $599
  • Interest Rates
    16.99% / 21.99%
  • Rewards Rate
    1.25x-3x Points
  • Intro Offer
    Up to 85,000 Points
Our Take
Why we like it

The annual fee is no joke, but cardmembers have plenty of reasons to smile thanks to the American Express® Aeroplan®* Business Reserve Card’s strong earn rates, extensive travel benefits and overall convenience.

Pros
  • Serious bonus point potential in the first six months.
  • Relatively low interest rate.
  • Strong earn rates on eligible Air Canada travel purchases, hotel bookings and car rentals, even after the 6-month even after the introductory period ends. Plus, premium travel perks and benefits, like airport lounge access and priority upgrades, to make sure your next trip goes smoothly.


Cons
  • High annual fee.
  • Earning the Annual Worldwide Companion Pass may not be possible for all businesses.
  • The purchase interest rate rockets to 23.99% if you miss a payment.
Product Details
  • Earn up to 85,000 Welcome Bonus Aeroplan®* points:
  • Earn 25,000 Aeroplan points after spending $3,000 in net purchases on your Card within the first three months of Cardmembership.
  • Plus, earn 5,000 Aeroplan points for each monthly billing period in which you spend $2,000 in purchases on your Card for the first twelve months of Cardmembership. That could add up to 60,000 Aeroplan points.
  • Earn up to $2,600 or more in value within your first year.
  • Earn Aeroplan points that you can redeem in a variety of ways.
  • Earn 3 points for every $1 spent on eligible purchases made directly with Air Canada and Air Canada Vacations®*.
  • Earn 2 points for every $1 spent on eligible hotels and car rentals.
  • Earn 1.25 points for every $1 spent on everything else.
  • Make the most out of a full suite of business management tools that give you more control over your business – anytime and anywhere.
  • Leverage your cash flow with the option of carrying a balance or paying in full each month.
  • Control employee expenses plus track and accumulate points on your account with Supplementary Cards, so you have an opportunity to maximize the points you earn.
  • Unlock business travel possibilities to make every work trip one to look forward to.
  • Access more than 1,200 Priority Pass™ airport lounges around the globe. That means an oasis of comfort before your flight—regardless of your choice of airline or cabin class.
  • Enjoy access to select Air Canada Maple Leaf Lounges™ for you and a guest, and Air Canada Café™; in North America, with a same day ticket on a departing Air Canada or Star Alliance®* flight.
  • Enjoy Priority Check-In, Priority Boarding, and Priority Baggage Handling when you fly with Air Canada, together with up to eight companions.
  • Receive one Annual Worldwide Companion Pass when you spend $25,000 in net purchases prior to your Card anniversary date; your Pass entitles you to buy an accompanying Air Canada economy class ticket for a companion at a fixed base fare from $99 to a maximum of $599 CAD (plus taxes, fees, charges, and surcharges).
  • Stay focused on getting where you need to go. Receive up to $100 CAD in statement credits every four years when NEXUS application or renewal fees are charged to your Aeroplan Business Reserve Card.
  • Pay with your American Express Aeroplan Business Reserve Card and present your Aeroplan Membership Card at over 170 Aeroplan partner brands and 120 online retailers via the Aeroplan eStore to earn points twice.
  • If you’re departing from Toronto Pearson International Airport, enjoy the benefits of being an American Express Aeroplan Business Reserve Cardmember. Get more from your travel experience with access to Pearson Priority Security Lane, Complimentary Valet Service, 15% discount on parking rates, and 15% discount on Car Care Services.
  • Roll over any unallocated Aeroplan Elite™ Status Qualifying Miles and unused eUpgrade Credits to the following year to enjoy during your travels.
  • Enjoy priority access to the standby list and eUpgrades. Get prioritized on the standby waitlist for an Air Canada flight and higher priority when you request an eUpgrade.
  • Earn 1,000 Status Qualifying Miles and 1 Status Qualifying Segment for every $5,000 in eligible net purchases charged to your Card.
  • Book flight reward tickets for even fewer points with Air Canada. In addition to flights, you can also redeem for hotel stays, car rentals, vacation packages, merchandise and more.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express business card for travel

Business Platinum Card® from American Express

Business Platinum Card® from American Express
  • Annual Fee
    $499
  • Interest Rates
    Varies
  • Rewards Rate
    1.25x Points
  • Intro Offer
    80,000 Points
Our Take
Why we like it

Some smaller businesses might balk at the high annual fee, but you get what you pay for with the Business Platinum Card from American Express: a large welcome bonus, flexibility in how you cash in rewards and a bevy of exclusive travel perks.

Pros
  • Make the most of your cash flow with no pre-set spending limit, flexible payment options, up to 55 interest-free days, and plenty of account management tools.
  • A full suite of insurance and premium travel perks, including airport lounge access, premium airport transfer services.
  • A referral program that could score cardmembers up to 225,000 bonus Membership Rewards points a year.


Cons
  • A high annual fee for both the primary card and any additional cards.
  • No introductory earn rate to help maximize rewards.
  • American Express may not be accepted by the suppliers and service providers your business works with.
Product Details
  • Earn 80,000 welcome bonus Membership Rewards® points.
  • Earn a welcome bonus of 80,000 Membership Rewards® points when you spend $6,000 in purchases within the first three months of Cardmembership. That’s $800 in statement credits that can be reinvested in your business.
  • Earn points that you can redeem in a variety of ways.
  • Earn 1.25 Membership Rewards points for virtually every $1 in purchases and get the most out of your business expenses.
  • Enjoy an exceptional line-up of rewards redemption options for you and your business, including travel, dining, entertainment, gift cards, merchandise, and more with Membership Rewards program.
  • Transfer points to frequent flyer and hotel programs, including one-to-one to Aeroplan®* and Avios.
  • Unlock business possibilities with a full suite of business management tools that give you more control over your business – anytime and anywhere.
  • Enjoy financial flexibility with no pre-set spending limit on purchases. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history.
  • Maximize your cash flow with up to 55 interest free days so you can keep more cash on hand when you need it most.
  • Pay for business expenses over time with Flexible Payment Option.
  • This charge card has both Due in Full and Flexible Payment Option balances. All Due in Full balances must be paid each month. Interest rate of 30% applies to each delinquent Due in Full charge. This rate is effective from the day account is opened. Interest rate of 19.99% applies to your Flexible Payment Option balance. This rate is effective from the day the Flexible Payment Option is first available on your account.
  • Enjoy exclusive benefits for you and your business.
  • Take full advantage of the American Express Global Lounge Collection which unlocks access to over 1300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges, and hundreds of other domestic and international lounges designed to enhance your travel experience.
  • Enjoy premium benefits at the Toronto Pearson Airport, including access to the Pearson Priority Security Lane and discount on parking.
  • Get access to discounted base fares for you and your travel companions when you book through the International Airline Program.
  • Enjoy access to specialty services and events, preferential treatment, and a dedicated Concierge team.
  • American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Conditions apply.

Best American Express card for low interest rates

Scotiabank Platinum American Express® Card

Scotiabank Platinum American Express® Card
  • Annual Fee
    $399
  • Interest Rates
    9.99%
  • Rewards Rate
    2x Points
  • Intro Offer
    Up to 60,000 Points
Our Take
Why we like it

With low rates and a generous rewards program, the Scotiabank Platinum American Express card is a unicorn for frequent travellers seeking luxury perks, premier travel benefits and exceptional interest rates on purchases and cash advances.

Pros
  • Low interest rates, no foreign transaction fees, and an impressive insurance package that includes comprehensive travel insurance coverage and newly-added mobile device insurance.
  • Luxury travel privileges include 10 free VIP airport lounge visits per year with a complimentary Priority Pass membership.


Cons
  • The $399 annual fee is quite a bit higher than other rewards cards, but frequent travellers seeking a low rate on purchases and cash advances can easily make the yearly cost worthwhile.
Product Details
  • Earn up to $2,100* in value in your first 14 months, including up to 60,000* bonus Scene+ points. Offer ends April 30, 2023.
  • You will not pay 2.5% foreign transaction fees on any foreign currency purchases, including online shopping and when travelling abroad. Only the exchange rate applies.
  • Earn 2X Scene+™ points for every $1 CAD you spend on all your eligible purchases.
  • Scene+ points can be redeemed for travel purchase, merchandise and other non-travel rewards such as gift cards and prepaid cards.
  • You must redeem a minimum of 5,000 points per travel-related rewards redemption, equivalent to $50 in travel savings. Points must be redeemed within 12 months of the purchase date.
  • $399 annual fee.
  • Redeem points for any flight, any time through Scene+ Travel, a full-service travel agency. Plus, take advantage of a best price guarantee on airfare.
  • Get a Hertz #1 Club Gold membership for special privileges and rental car benefits at over 8,500 locations in 147 countries.
  • Enjoy culinary events and experiences, entertainment, luxury fashion, tours, and more through American Express benefits, including American Express Invites, Platinum VIP offers and access to 24/7 premium concierge services for restaurant reservations, show tickets, and gift purchases.
  • Lounge access at over 600 VIP airport lounges around the world with a complimentary Priority Pass membership, which includes 10 free visits per year.
  • 12 types of insurance provided, including 31-day travel medical benefits — up to $2 million in coverage — for you, your spouse and any dependent children under the age of 65. 10-day coverage available for those over the age of 65.
  • Preferred rates: 9.99% for purchases, 9.99% for cash advances.
  • To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
  • Terms and Conditions Apply. Click ‘Apply Now’ for complete details.

Best no-fee American Express for rewards on gas and groceries

Scotiabank Red American Express® Card

Scotiabank Red American Express® Card
  • Annual Fee
    $0
  • Interest Rates
    19.99% / 22.99%
  • Rewards Rate
    1x-3x Points
  • Intro Offer
    Up to 12,000 Points
Our Take
Why we like it

Use the Scotiabank American Express® Card to earn flexible Scene+ point rewards on everyday spending categories and redeem rewards for travel, entertainment and more.

Pros
  • Great earn rates on everyday purchases.
  • Includes mobile device insurance.
  • Enjoy special offers, experiences and more with American Express Invites.


Cons
  • Insurance is limited to mobile device insurance and purchase security & extended warranty protection.
Product Details
  • Earn up to 12,000 bonus Scene+™ points in your first year (that’s up to $120 towards travel) – Offer ends April 30, 2023.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible entertainment, including movies, theatres and ticket agencies.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible select streaming services.
  • Earn 1X Scene+ point for every $1 spent on every other purchase.
  • You’ll earn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-Op.
  • Scene+ points can be redeemed for travel purchase, merchandise and other non-travel rewards such as gift cards and prepaid cards.
  • No annual fee.
  • Enjoy Special Offers, Access and Experiences with American Express Invites®.
  • To be eligible, you must have a Canadian credit file and be a Canadian resident of the age of majority in the province or territory where you live.
  • Terms and Conditions Apply. Click ‘Apply Now’ for complete details.
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Methodology to choose the best American Express cards

We selected the best American Express cards in Canada based on overall consumer value and their suitability for specific kinds of consumers. Factors in our evaluation methodology include annual and other fees, rewards rates, the earning structure (for example, flat-rate rewards versus bonus categories), redemption options, bonus offers for new cardholders, introductory and ongoing APRs, and other noteworthy features such as airline or hotel perks or the ability to transfer points.


    Summary of our selections

    Card NameWhy we picked itCurrent intro offer
    American Express Cobalt CardImpressive everyday rewards suitable for mostUp to 30,000 Points
    The Platinum Card from American ExpressLuxurious perks and comprehensive benefitsUp to 80,000 Points
    American Express Aeroplan Reserve CardPrestigious charge card for Air Canada travellersUp to 85,000 Points
    American Express AIR MILES Platinum Credit CardOutstanding value for AIR MILES loyalists2,000 Miles
    Marriott Bonvoy American Express CardEasily score free hotel stays50,000 Points
    Scotiabank Gold American Express CardNo FX-fees and rewards on daily spendingUp to 45,000 Points
    SimplyCash Preferred Card from American ExpressFantastic cash-back rewardsUp to $400
    American Express Business Edge CardSimple rewards for small business needsUp to 67,000 Points
    American Express Aeroplan Business Reserve CardEnhances Air Canada business travelUp to 85,000 Points
    Business Platinum Card from American ExpressFlexibile financing with strong business benefits80,000 Points
    American Express Green CardA no-fee card suitable for students and beginners10,000 Points
    Scotiabank Platinum American Express cardPay low interest without skimping on benefitsUp to 60,000 Points
    Scotiabank Red American Express CardNo-annual-fee grocery, dining and gas rewardsUp to 12,000 Points

    What to know about American Express cards

    By Barry Choi

    American Express is an international credit card issuer with a presence in Canada. Not only does American Express work with financial institutions to provide co-branded credit cards, but it also issues cards directly to consumers. This is a different strategy than the one used by Visa and Mastercard, which rely on banks to get their cards into the hands of consumers and don’t provide them directly.

    American Express, or Amex, offers a wide range of cards aimed at consumers with different needs and preferences. The issuer has multiple co-branded cards with some of the best loyalty programs in Canada to help you earn travel rewards. Amex’s rewards program, American Express Membership Rewards, is highly regarded and has many redemption options. 

    However, one potential drawback to Amex credit cards is that they aren’t accepted quite as widely as Mastercard and Visa credit cards. Some retailers in Canada may not accept an Amex credit card, so if you shop at those stores, you’ll need to plan ahead and have a different payment method.

    How to compare American Express cards 

    Amex offers more than 20 cards in Canada. While that number may seem a bit overwhelming, it’s easy to pick the best American Express card for you once you start considering the features that are most important.

    Features of Amex cards 

    Every American Express credit card is different, so you’ll need to compare the features offered by each card when you’re deciding which is the best Amex for you. Ideally, focus on the two or three features that are most important to you to help you narrow down your choices.

    Annual fee

    Amex has no-annual-fee cards, as well as cards with annual fees up to $699. Some people may find it ludicrous to pay that much for a credit card, but it really comes down to the benefits included. If you’re getting more value out of those benefits than what you pay in annual fees, then you’re coming out ahead. However, make sure to do the math on the benefits you’ll use so you know if paying the annual fee will be worthwhile.

    Sign-up offer

    The best Amex cards in Canada typically come with a generous welcome bonus. The amount of rewards depends on the current promotion, but generally, the sign-up offer is usually worth a few hundred dollars. 

    Type of rewards

    Just about every Amex credit card earns some reward, with the most common being travel points and cash back. If you want to save money on flights and hotel stays, get a travel rewards card. If you prefer simplicity or don’t plan to travel much, go for a cash-back card.

    Earn rate

    Every Amex card has different earn rates that can be broken down into two categories: accelerated and base.

    • With your accelerated earn rate, you’ll earn extra points on spending in specific categories, such as restaurants and gas stations.
    • The base earn rate is the number of rewards you’ll earn on all other purchases.
    Interest rate

    Most Amex credit cards charge interest rates of 19.99% to 20.99% on purchases. However, the American Express Essential credit card has an interest rate of 12.99%. A lower interest rate may appeal to people who typically carry a balance on their credit card.

    Additional benefits

    These benefits vary widely between cards, especially between cards with annual fees vs. ones without annual fees. Before you start reviewing cards, consider the benefits that are most important and useful for you based on your lifestyle.

    Perks to look out for include:

    Types of Amex cards

    While different Amex cards offer distinct features, broadly speaking, credit cards are typically grouped by whether they offer travel rewards or cash back. Because Amex offers so many travel rewards cards, it’s helpful to break them down further into the following categories:

    • General rewards: Cards that allow you to earn points that can be used for travel, statement credits, merchandise and more.
    • Aeroplan: Amex cards that allow you to earn points through Aeroplan, Air Canada’s loyalty program.
    • Air Miles: Cards that reward you with points through Air Miles, one of Canada’s oldest travel loyalty programs
    • Marriott Bonvoy: Cards that offer points through Marriott hotels. Amex is the only credit card partner of Marriott International in Canada.
    • Cash back: Cards that reward you with cash back as a statement credit.
    Are there Amex levels or tiers?

    Unlike Visa and Mastercard, American Express has not organized its credit cards into formal tiers. However, it does offer both charge cards and credit cards.

    Credit cards allow you to borrow funds from the issuer to make purchases up to a fixed credit limit. If you don’t pay off your balance in full, you can carry it over to the next month, but you’ll pay interest on it.

    With charge cards, you have no pre-set credit limit; instead, your limit adjusts based on your credit and payment history. However, you must pay your balance in full monthly, or you’ll be charged a higher interest rate of 30%.

    Amex also offers the American Express Centurion Card, an invitation-only “black card” aimed at its top customers. This card comes packed with benefits but also has a high annual fee — and again, you must wait until Amex offers you an invitation.

    How to get an American Express card

    Unlike Visa and Mastercard, Amex doesn’t have any formal income requirements for any of its cards. That means you could potentially be approved for a high-end card, such as the American Express Aeroplan Reserve Card, on a modest income.

    Amex only lists two formal requirements on its credit card pages:

    • You must be a Canadian resident
    • You must be at least the age of majority in the province or territory in which you reside. 

    Although Amex doesn’t list a minimum credit score to be approved for any of its cards, it’s safe to assume that your credit should be in good standing.

    When you apply for any new credit card, the issuer will do a credit check, so expect to see your credit score drop by a few points.

    Steps to apply

    Start by browsing Amex cards to see which ones align with your spending patterns and offer rewards that interest you. Consider whether you want to earn travel rewards, general rewards or cash back, and whether you could earn extra based on regular spending on flights, hotel stays, groceries and other purchases.

    Once you’ve chosen the card you want to apply for, here’s what to do:

    1. Click “apply now”
    2. Verify your eligibility
    3. Enter all of your relevant information
    4. Wait for your approval

    Approval can often take as little as 60 seconds but can take longer if Amex requires additional information. 

    How to get the most out of your American Express card

    Strategies to maximize the benefits of your Amex card will depend on which card you choose. Generally speaking, you’ll want to take advantage of annual benefits, such as airport lounge access, travel credits, free nights at hotels, and anything else of value. Since these perks are associated with a real dollar value, you offset your annual fee every time you use them. 

    Maximize American Express Membership Rewards points

    If your Amex card earns you Membership Rewards points, you’ll want to become familiar with the program.

    1,000 Membership Rewards points can be redeemed for $10 in travel or a statement credit.

    Simply put, this is a value of 1 cent per point. However, if you use the Fixed Points Travel option, you can get a value of up to 2 cents per point on some flights.

    You also can redeem your points for gift cards and merchandise, but those options typically have a lower value than travel redemptions.

    Understand Amex point transfer partners

    Another huge benefit of American Express Membership Rewards is that you can transfer your points to various hotel and airline loyalty programs. 

    • 1,000 Membership Rewards points = 1,000 Aeroplan points, British Airways Avios points, or Hilton Honors points
    • 1,000 Membership Rewards points = 750 Air France Flying Blue Miles, Asia Miles, Delta SkyMiles or Etihad Guest Miles
    • 5 Membership Rewards points = 6 Marriott Bonvoy points

    The ability to transfer your points is valuable, as you might be able to get more value out of them through the other programs.

    Know where American Express is accepted in Canada

    Amex has a reputation for not being widely accepted, but it continues to onboard more merchants every year. If you’re wondering if Amex is accepted at a particular retailer, you can always check the company’s online merchant map

     American ExpressVisaMastercard
    WalmartYesYesYes
    CostcoNoNoYes
    Best BuyYesYesYes
    SafewayYesYesYes
    SuperstoreNoYesYes
    Tim Horton'sYesYesYes
    Shoppers Drug MartYesYesYes

    Amex credit cards are popular in Canada because they come packed with benefits. Make sure you know what you have access to so you can use as many perks as possible.

    Use the Amex referral program

    One of the best perks of being an Amex cardholder is the referral program. If friends or family apply through your referral link and are approved for an Amex card, you could get rewards in the form of points.

    Keep your eye on Amex Offers

    Amex Offers is a unique perk that’s exclusive to American Express cardholders. Throughout the year, you’ll get offers in your account for various retailers. Some recent offers include:

    • Spend at least $500 on Amex Travel Online and get a $150 credit
    • Spend at least $50 at Lululemon and get a $50 credit
    • Spend at least $75 on Voilà By Sobeys and get a $40 credit
    • Get 20% of your purchase at Dell Technologies back as a credit, up to $1,500 in total credits

    To take advantage of Amex offers, you must register them to your card via your online account or app. Always activate these offers as soon as possible since some of them have limited availability.

    Buy early-access tickets through American Express Front of the Line

    With American Express Front of the Line access, cardholders can purchase tickets to entertainment events before they go on sale to the general public. If you miss the presale event, some shows offer exclusive seats to American Express cardholders until they sell out.

    Take advantage of Amex purchase protection

    Purchase protection is a benefit that’s included with most Amex cards. When you charge a purchase to your American Express card, it’s insured for up to 90 or 120 days (depending on the card) from theft, damage or loss, up to $1,000 per occurrence. 

    A related protection program extends the manufacturer’s basic warranty on purchases by one or two years, depending on your card.

    Consider upgrading your Amex card

    If you’re already an Amex cardholder, the company may pre-approve you for an upgrade. For example, you could go from the Gold Rewards Card to the Platinum. Since you’re being offered an upgrade, Amex won’t perform another credit check, which means you could get a higher-tier card without any effect on your credit score.

    Frequently asked questions about American Express cards

    Which banks offer American Express cards?

    Amex issues many of its cards directly to consumers. Scotiabank also has three additional Amex cards: 

    • Scotiabank Gold American Express Card
    • Scotiabank American Express Card
    • Scotiabank Platinum American Express Card
    Does Square accept American Express?

    Square, a payment processing platform meant to help small business owners, accepts American Express as a form of payment in Canada. If you’re shopping and the merchant uses Square to process payments, you can use your American Express Card.

    Can you buy crypto with an American Express card?

    It is possible to buy crypto with your credit card through a cryptocurrency exchange, but most crypto exchanges only accept Visa and Mastercard. If you do find one that allows American Express, you will use your card to load funds into your account and then purchase the crypto that you’re interested in.

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    American Express Front Of The Line and Experiences: What to Know

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    American Express Front Of The Line gives you access to presale tickets and reserved event tickets. It’s just one of several Amex Experiences offered as a cardholder perk.

    Aeroplan vs. Air Miles: Differences and Alternatives

    Aeroplan vs. Air Miles: Differences and Alternatives

    Whether Aeroplan or Air Miles is better for you depends on how you spend money and plan to redeem points, so understand both programs before choosing a card.

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