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1 Mile for every $10 - $15 spent
The American Express AIR MILES for Business Card lets you earn AIR MILES while you make purchases for your small business. Your Air Miles can then be redeemed for flights, hotels, all inclusive vacations, car rentals, merchandise, gift cards and even cash rewards. 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
To apply for the American Express AIR MILES for Business Card, you will need to meet the following criteria:
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:
Customers cite that the American Express AIR MILES for Business Card offers a good Miles 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.
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.
The American Express AIR MILES for Business Card rewards your spending habits with Air Miles, which can be used toward flights, hotels, gifts cards, merchandise and exclusive discounts. However, if you’re unsure if you’ll 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.Back to top
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