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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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Claire Horwood

Last Updated Jan 7, 2021

19.99%

Purchase Interest Rate

$99

Annual Fee

Details

Product Name	American Express Business Edge Card
Reward	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

Annual Fee	$99
Monthly Service Fee	N/A
Over Credit Line Fee	N/A
Balance Transfer Fee	N/A
Penalty APR	23.99% - 26.99% Variable
Dishonoured Payment Fee	$25
Foreign Currency Conversion Fee	2.5%
Cash Advance Minimum Fee	N/A
Late Payment Fee	N/A
	Apply now More Info

Credit Score	700
Minimum Age	Age of majority in the province/territory of residence
Minimum Income	N/A
Household Income	N/A
	Apply now More Info

Claire Horwood

Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, along with an Associate's Degree in Science from Camosun College. Much of Claire's coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. She has also worked extensively in the field of "Blended Finance" with the Canadian government. In her spare time, Claire loves rock climbing, travelling and drinking inordinate amounts of coffee.

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. 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.

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

To apply for an American Express Business Edge Card, you need to meet the following criteria:
- Be a Canadian citizen or permanent resident who is at least 18 years old (19 in some provinces).
- Own a business in Canada
- Have a line of credit and a credit file in Canada
- Your name, residential status and contact information.
- Your social insurance number and date of birth.
- Your email address and phone number.

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.