American Express Business Edge Card review

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Get a generous welcome bonus and earn triple the points when you spend money on your business. 

The American Express Business Edge Card offers a top return on rewards for small business owners. Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.

19.99%

Purchase Interest Rate

$99

Annual Fee

N/A

Balance Transfer Rate

Details

Product NameAmerican Express Business Edge Card
RewardEarn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
Welcome OfferOffers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Purchase Interest Rate19.99%
Cash Advance Rate22.99%
Balance Transfer RateN/A
Interest Free Period 21 days
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More Info

30-second take

  • Think about this card if you own a business and want to earn a high return on points.
  • Choose something else if you want premium benefits or don’t want to pay an annual fee.
  • There’s no minimum annual income to qualify but you’ll have to own a business and have a Canadian line of credit.

The basics

If you own a small business and want to maximize your return on rewards for daily purchases, you might benefit from the American Express Business Edge Card.

  • High return. Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
  • Welcome bonus. Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership..
  • Monthly bonus points. Collect an additional 12,000 points over the year by spending at least $3,000 per month on your card.
  • Purchase assurance. Get an additional year of warranty coverage and 90 days of accidental damage and theft protection on consumer goods you buy with your card.
  • Business features. Make the most of a suite of business and expense management tools, including access to specially trained small business service specialists.
  • Exclusive offers. Get special offers for entertainment, dining and once-in-a-lifetime experiences with American Express Invites.

The perks

  • Car rental insurance. Complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000).
  • Employee Card Misuse Protection. Get covered for unauthorized purchases by an employee if you terminate them and cancel their card within 2 business days (up to $1,000).
  • Fraud protection. Avoid paying for fraudulent charges on your account with a fraud protection guarantee.
  • Flexible rewards. Redeem points for flights, gift cards, merchandise, Amazon.ca purchases, statement credits and more.
  • Free additional cards. Order up to 99 extra cards without paying an additional fee.
  • Referral bonus. Get up to 5,000 points for every friend you refer as long as they get approved for the card.

What to watch out for

  • Annual fee. It costs $99 per year to keep your account in good standing.
  • High interest. You’ll pay between 19.99%and 22.99% interest on your account, which is about 5–7% higher than with a low-interest card.
  • Conditions for welcome bonus. You’ll need to charge at least $5,000 in net purchases to your account in your first 3 months to qualify for the welcome bonus.
  • Earning caps. You’ll only earn 3x the points up to a maximum of 75,000 points, then you’ll go down to 1 point for every dollar you spend on business purchases.
  • No cashback. You won’t be able to get cash in hand when you redeem points, but you can apply them as a credit on your next statement.
  • No travel insurance. There’s no coverage for travel medical or other forms of insurance when you travel out of province.
  • Only new business customers qualify. This offer doesn’t apply to holders of an existing American Express Small Business Card product.

What should I know before I apply

How to apply

  1. Click “Go to site” on this page to be directed to the American Express Business Edge Card Card application.
  2. Complete the application, which includes providing your name, email address, social insurance number and birth date.
  3. Review and submit your application.

Bottom line

If you own a small business and you want to start earning a high return on points for every purchase you make, you might like to consider the American Express Business Edge Card. This card offers a generous welcome bonus and a full suite of business perks for a reasonable annual fee.

Frequently asked questions about the American Express Business Edge Card

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