American Express® AIR MILES® for Business Card

American Express® AIR MILES® for Business Card
American Express® AIR MILES® for Business Card
  • Travel insurance coverage.
  • Exclusive American Express perks.
  • Earn 1 AIR MILES® reward mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
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Earn AIR MILES® Reward Miles from your small business spending and redeem your points for flights, merchandise, experiences and even cash.

30-second take

  • Get this card if you travel frequently and make lots of purchases as a small business owner.
  • Pick something else if you don’t pay your card balance in full each month or don’t want to pay an annual fee.
  • Apply with a good to excellent credit score of 650 or higher.
Product NameAmerican Express® AIR MILES® for Business Card
RewardEarn 1 AIR MILES® reward mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Welcome OfferOffers 2,000 bonus AIR MILES® Reward miles when you spend $5,000 within the first 3 months of membership.
Purchase Interest RateN/A
Cash Advance RateN/A
Balance Transfer RateN/A
Interest Free Period Up to 55 days
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Annual Fee$180
Monthly Service FeeN/A
Over Credit Line Fee$29
Penalty APR30%
Foreign Currency Conversion Fee2.5%
Late Payment Fee$25
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Credit RatingGood, Fair, Excellent
Minimum AgeAge of majority in province/territory of residence
Minimum IncomeN/A
Household IncomeN/A
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The basics

The American Express® AIR MILES® for Business Card lets you earn AIR MILES® Reward Miles while you make purchases for your small business. Earn 1 mile per $10 spent at AIR MILES® sponsors, 1 mile per $15 spent on all other purchases 3 months.. Your Air Miles can then be redeemed for flights, hotels, all inclusive vacations, car rentals, merchandise, gift cards and even cash rewards.

Keep in mind this card is a charge card, which means you must pay off your credit card balance in full each month. The card also comes with an annual fee of $180.

Aside from earning Air Miles, this card provides a host of travel and shopping insurances as well as access to a suite of business solutions. These business tools can help you maximize your cashflow and manage your business better.

The perks

  • 2,000 AIR MILES® reward miles welcome bonus offer.

    To earn 2,000 AIR MILES® Reward Miles, you will need to be a new cardholder and spend $5,000 in purchases during your first 3 months of card membership.

  • Exclusive 25% Air Miles discount.

    As you earn Air Miles, you get 25% discount on business rewards when you redeem your Air Miles from your Dream balance for rewards from the Air Miles for Business Rewards catalogue. This catalogue is targeted toward small business owners, providing access to helpful merchandise, packages and experiences.

  • Up to 55 days interest-free.
    Up to 55 days interest-free on your credit card when you pay off your balance in full each billing cycle. In addition, this card adjusts automatically with usage, meaning you can have more or less spending power depending on how often you use the card.

You’ll also like …

  • Access to business solutions.

    Get access to helpful business solutions that can assist you with your business anytime, anywhere. These tools can help you manage your business and cashflow.

  • Travel insurance coverage.

    Receive up to $100,000 travel accident insurance when you charge your travel tickets with your American Express® AIR MILES® for Business Card.

  • Purchase benefits.

    Buyer’s assurance doubles the manufactures warranty (up to one additional year) when you use your American Express card to purchase the item. Your eligible items are also covered against theft and accidental damage with Purchase Protection.

  • Fraud protection.

    If your card details are stolen, online or offline, you won’t be held responsible for the fraudulent charges as long as you take extra precautions to safeguard your account details and PIN. The American Express customer service team will assist you in remedying the situation.

  • Exclusive American Express perks.

    American Express offer a range of opportunities to cardholder-only experiences and preferred seating at select events. You can enjoy concert, theatre, film, dining, shopping and travel perks with American Express Invites.

What to watch out for

  • Annual fee.

    The card’s annual fee is $180. However, if you use the rewards and perks, you may find the annual fee is worth the expense.

  • It’s a charge card, not a credit card.

    The American Express AIR MILES for Business Card is a charge card, which means you must pay your balance in full each month. Otherwise, 30% APR is charged for unpaid balances.

  • Not as widely accepted overseas.

    Compared to Visa and Mastercard, American Express is much less widely accepted in locations across Canada, the US and around the world. This might provide you with less opportunity to use the card, and therefore less opportunity to reap the rewards.

  • It hurts to pay late.

    If you pay off your balance late, you will incur a steep 30% APR interest rate. Additional fees and charges may occur.

Consider other cards if …

  • You don’t use Air Miles.

    If you don’t collect and redeem Air Miles Reward Miles, a different card will likely suit your needs better. With a high annual fee, this card tends to be beneficial for small business owners who frequently travel and take advantage of the Air Miles offers, as well as the host of travel insurances on offer.

  • You don’t want to pay an annual fee.

    The American Express AIR MILES for Business Card comes with a steep fee of $180 annually. If paying an annual fee this high is not in your best interest, consider other types of business credit cards that come with lower fees.

  • You don’t pay off your balance in full each month.

    Since the American Express® AIR MILES® for Business Card is a charge card, you will be required to pay off your balance in full each month. If you find that you often carry a balance on your credit card and you don’t want the added stress of paying it off each month, you may find that a regular credit card is a better fit.

Compare other American Express credit cards

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES® Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 AIR MILES® reward mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 2,400 AIR MILES® Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES® Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 150 AIR MILES® Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES® Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 AIR MILES® reward mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 2,400 AIR MILES® Reward Miles when you spend $3,000 within first three months of membership.
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Offers 50,000 bonus Aeroplan Miles when you spend $3,000 within the first three months of membership.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 150 AIR MILES® Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 2,000 bonus AIR MILES® Reward miles when you spend $5,000 within the first 3 months of membership.
N/A
N/A
$180
Earn 1 AIR MILES® reward mile for every $10 spent at eligible sponsors and 1 mile for every $15 spent anywhere else.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
19.99%
22.99%
$150
Receive 5 Marriott Bonvoy™ points per dollar spent on eligible purchases at participating Marriott Bonvoy™ properties, and 3 points for every dollar spent on eligible gas, dining and travel.
Offers 30,000 bonus points when you spend $5,000 within the first three months of membership.
N/A
N/A
$250
Earn one point for every dollar spent and one additional point for every dollar spent at three eligible merchants of your choosing.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 40,000 bonus Aeroplan Miles when you spend $3,000 within the first three months.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
N/A
N/A
$699
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend.
Receive 2,000 bonus AIR MILES® Reward miles when you spend $1,500 within the first three months of membership.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 points when you spend $5,000 within first three months of membership.
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 5% cashback (up to $300 cashback) in the first six months.
19.99%
22.99%
$99
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.

Compare up to 4 providers

Name Product Welcome Offer Purchase Interest Rate Cash Advance Rate Annual Fee
Earn 2.5% cash back (up to $150 cash back) in the first three months.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES® Reward Miles when you spend $1,000 within the first 3 months of membership.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

Compare up to 4 providers

What should I know before I apply?

To apply for the American Express® AIR MILES® for Business Card, you will need to meet the following criteria:

  • Be at least 18 years old, or the age of majority in your province or territory.
  • Be a Canadian citizen or a permanent resident.
  • Have a valid Canadian credit file.

What credit score do I need?

Having a good to excellent credit score of 650 or higher will give you a better chance of your application being approved. Also having a relatively high annual income or combined household income may be beneficial for approval.

Other factors that might affect your odds of approval include:

  • Few hard inquiries on your credit report. Having several hard pulls listed on your credit history can indicate to lenders that you’re desperate for credit or have trouble managing your current debt. The provider may be less likely to approve your application if this is the case.
  • Factors that tie into your credit score. Your credit utilization ratio can play a major factor in the approval of your application. Customers who have low balances relative to their credit limits are usually preferable to providers.

What do customers say about this credit card?

Customers cite that the American Express® AIR MILES® for Business Card offers a good points to dollar ratio and provides useful benefits for a small business owner, including Air Miles discounts and access to business management solutions.

On the flip side, some negative reviews state that the company has inflexible policies. In addition, cardholders feel that the annual fee is steep, however it is off-set by many of the rewards and perks.

How to apply for the American Express AIR MILES for Business Card

  1. Click Go to site on this page to be directed to the American Express® AIR MILES® for Business Card page, and click Apply Now Securely.
  2. Complete the application with information including your full name, home address, income and business details.
  3. Review and submit your application.

How long will it take to get my American Express® AIR MILES® for Business Card?

Pre-approval for an American Express credit card is automated on the website, which means you may get a decision on your application within just 60 seconds. If there are issues with your application, such as missing information, it may take within 10 days to hear back.

Once your application has been approved, you’ll typically receive your card in the mail within 5 to 10 business days.

I got the card. Now what?

  • Pay off your balance each billing cycle.
    Register for an account on the American Express website to pay your balance online and enroll in autopay. Since this card is a charge card, you will need to pay off the balance entirely each billing cycle. If the balance is not paid in full, a 30% APR will apply.
  • Avoid fees.
    Late and returned payments will incur fees, so be sure to pay on time. If you’re enrolled in autopay, be sure to have enough funds in your account to pay off your balance each billing cycle.
  • Contact American Express.
    If you’re not able to find what you need on the American Express Canada website, call 1-800-268-2639 and speak to a customer service representative.

Bottom line

The American Express® AIR MILES® for Business Card rewards your spending habits with Air Miles points, which can be used toward flights, hotels, gifts cards, merchandise and exclusive discounts. Up to 55 days interest-free on your charge card, you can look forward to a longer payback period.

However, if you are unsure if you will be able to pay your balance in full each month, a charge card may not be the right form of credit for your small business. If you’d rather use a regular credit card, learn more about credit cards for small businesses in our guide.

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Frequently asked questions about the American Express AIR MILES for Business Card

Pictures: americanexpress.com/ca

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