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American Express Business Edge Card review
Get a generous welcome bonus and earn triple the points when you spend money on your business.
Earn up to 57,000 Membership Rewards points in your first year. Earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases.
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57,000 points
Welcome Offer
$99
Annual Fee
Up to 3 points per $1 spent
Rewards
Details
| Rewards | Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases. |
|---|---|
| Welcome Offer | Earn up to 57,000 Membership Rewards points in your first year. Earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases. |
| Purchase Interest Rate | 19.99% |
| Cash Advance Rate | 21.99% |
| Balance Transfer Rate | N/A |
| Interest Free Period | 21 days |
| Apply now 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.
- Earn Membership Rewards. Earn 3 Membership Rewards points for every $1 spent on eligible business essentials including office supplies, electronics, rides, gas, eats and drinks (up to an annual earn of 75,000 Membership Rewards), and earn 1 Membership Reward point for every $1 spent on all other eligible purchases.
- Welcome bonus. Earn up to 57,000 Membership Rewards points in your first year. Earn 45,000 Welcome Bonus points when you charge $5,000 in purchases to your Card in your first three months, and earn 1,000 Membership Rewards points each month (a total of 12,000 annually) when you spend a minimum of $3,000 on eligible purchases.
- Refer a friend. Earn more by referring a friend. For each approved referral you could earn a referral bonus of 5,000 points.
- 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. Get complimentary Car Rental Theft and Damage Insurance (MSRP of up to $85,000). Terms apply.
- Employee Card Misuse Protection. Get coverage of up to $100,000 per basic cardmember in the event an employee misuses their supplementary card for unauthorized purchases.
- Fraud protection. Avoid paying for fraudulent charges on your account with a fraud protection guarantee.
- Flexible rewards. Use points to offset business expenses by covering the cost of purchases made on your Card (in full or in part). Redeem points for statement credits or to book flights, hotels, and car rentals. Redeem points for flight purchases on AirCanada.com and even transfer to frequent flier and hotel programs.
- Free additional cards. Order up to 99 extra cards without paying an additional fee.
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 21.99% interest on your account, which is about 5–7% higher than with a low-interest card.
- No cash back. 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.
What should I know before I apply
How to apply
- Click “Go to site” on this page to be directed to the American Express Business Edge Card Card application.
- Complete the application, which includes providing your name, email address, social insurance number and birth date.
- 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.
