American Express: How I got over $2,200 in statement credits in 2021

American Express regularly offers online promotions. With these offers, you benefit from statement credits or points.

It’s not something that happens automatically: you have to register for every offer you’re interested in (if in doubt, register for ALL the offers you have in your online account). You can do this from your computer or the American Express mobile app.

In addition, Scotiabank Gold American Express credit cardholders are eligible for certain offers. They can go and register on the American Express promotional offers page.

As 2021 is about to come to a close, it’s time to take stock of some of my American Express credit cards. And it’s amazing! Especially since these are only the offers I used because they met my needs (at least twice as many other offers were also available for many businesses).

To view the credits you have earned, go to this page in your American Express Canada online account under “Statement Credits.”

American Express: How I got over $2,200 in statement credits in 2021 - credit to the amex en account

Consumer Cards

Statement Credits earned: $1,010

Here are the online promotional offers I got with my Platinum Card^®:

Month	Details	Amount
February 2021	Grocery credit	$200
February 2021	Travel credit	$200
May 2021	CornerShop Offer	$30
July 2021	Shop Small	$15
August 2021	Shop Small	$35
August 2021	Marriott Bonvoy offer	$100
September 2021	Gastronomic restaurant offer	$175
October 2021	Shop Small	$15
November 2021	Ivanhoe Cambridge Offer	$40
November 2021	Travel credit	$200
2021	TOTAL	$1,010

The Platinum Card^® has an annual fee of $699 (but comes with a $200 annual travel credit).

With this Card, one guest and two children get free access to over 1,300 airport lounges worldwide (including the National Bank and Air France Lounges in Montreal).

In addition, it offers Elite status such as Marriott Bonvoy Gold status or Hilton Honors Gold (the latter permitting free breakfasts in the group’s hotels).

With perks like this, and offers available during the year on this Card(over $1,000 in 2021), I’m a big winner as a cardholder.

If you don’t have it yet, here is the welcome offer currently available:

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American Express Platinum Card^®

American Express Amex Membership Rewards

Annual fee: $799
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,190Total$1,190Plus $510 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,190
Welcome offerAfter $10,000 in 3 months: Up to 100,000 points

The Platinum Card^® is the best premium card in Canada for travellers.

With this welcome offer, you can earn up to 100,000 Membership Rewards^® points:

70,000 points after charging $10,000 to your Card in your first 3 months of Cardmembership
30,000 points when you make a purchase between the 15th and 17th month after your Cardmembership begins

With this Card, you get:

2 points per $1 on eligible dining and delivery purchases in Canada
2 points per dollar on eligible travel purchases charged to the Card
1 point per $1 on all other purchases charged to the Card

You can use your Membership Rewards^® points in many ways:

Transfer points to airline partners: Aeroplan, Avios (British Airways / Qatar Airways), Flying Blue, Delta SkyMiles, etc.
Transfer points to hotel partners, including Hilton Honors and Marriott Bonvoy
Redeem points for statement credits to offset any travel purchase charged to your Card (1,000 points = $10)
Redeem points for statement credits towards other purchases (1,000 points = $10)
And more!

For example, with this welcome offer, if you decide to transfer your Membership Rewards^® points to a partner loyalty program, you could earn up to:

100,000 Aeroplan points
100,000 Avios
100,000 Flying Blue Miles
120,000 Marriott Bonvoy points

With this card, you also have advantages for your travels:

$200 Annual Travel Credit
An annual meal credit of $200
A $100 statement credit for NEXUS membership
Complimentary access for you and one additional guest to more than 1,550 airport lounges in over 140 countries
Hilton Honors Gold status
Marriott Bonvoy Gold Elite status
Access to the Fine Hotels + Resorts program

Last but not least, The Platinum Card^® offers a wide range of insurance coverage: rental car theft and damage, $500,000 travel accident, emergency medical expenses (out-of-province or out-of-country), lost or stolen baggage, flight delays and misdirected baggage, hotel or motel burglary, Purchase Protection, Purchase Security.

Like all American Express Canada Cards, there is no minimum income requirement.

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*Terms and conditions apply.
American Express is not responsible for maintaining or monitoring the accuracy of the information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Annual fee

Primary card$799

Additional card$250

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

2xTravel
2xRestaurants
1xAll spending

Value

2nd Year Value$470

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Flying BlueAirline
Hilton HonorsHotel
Marriott BonvoyHotel

Card benefits

Concierge service24/7

Airport lounge access$400

Travel creditsIncluded

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Trip CancellationUp to $2,500

Trip InterruptionUp to $2,500

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $1,000

Hotel BurglaryUp to $1,000

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $160

Here are the online promotional offers I received with my American Express Cobalt^® Card:

Month	Details	Amount
July 2021	Shop Small	$5
August 2021	Shop Small	$30
November 2021	Restaurant Credit	$50
November 2021	Online Shopping Credit	$15
December 2021	Give and Get Local Offer	$60
2021	TOTAL	$160

This year, I had fewer offers than last year on my American Express Cobalt^® Card. However, $160 in statement credits pays off my annual fee ($155.88).

And it remains my Card of choice for grocery and restaurant purchases to earn 5 points per dollar. Or to buy gift cards to also get 5 points per dollar at many stores like Walmart, Ikea, Amazon or the SAQ!

You don’t have this card yet? Take advantage of the exceptional offer available right now:

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American Express Cobalt^® Card

American Express Amex Membership Rewards

Annual fee: $191.88
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$255Total$255Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $255
Welcome offerGet 1,250 points after $750 in purchases per month for 12 months: Up to 15,000 points

The American Express Cobalt^® Card is a versatile American Express card, whether you want points for travel or cash back.

American Express Cobalt^® Card welcome offer

The welcome bonus is paid out monthly over your first 12 months. You earn 1,250 Membership Rewards points for each monthly billing period in which you charge $750 in net purchases to your card, in any category (1X, 2X, 3X or 5X). That adds up to 15,000 Membership Rewards points over the year, a welcome offer valued at $255.

Earning the full bonus means $9,000 in net purchases spread across 12 monthly billing periods. This offer rewards steady monthly spending rather than one large purchase.

You can use these points as statement credits on everyday or travel purchases, at the same rate either way: 1,000 points = $10.

You can also transfer them to Aeroplan, Avios (British Airways and Qatar Airways), Flying Blue, Marriott Bonvoy or Hilton Honors. With the full welcome bonus, that is a choice between:

15,000 Aeroplan points
15,000 Avios points
15,000 Flying Blue Miles
18,000 Marriott Bonvoy points

American Express Cobalt^® Card benefits

Here is what the card gives you, starting with the benefits cardholders use most.

5X points on eligible eats and drinks in Canada: groceries, restaurants and bars, and home food delivery. A spend cap applies.
3X points on eligible streaming subscriptions in Canada.
2X points on eligible gas, public transit and ride sharing purchases in Canada.
1 additional point on eligible hotel and car rental bookings made through American Express Travel Online.
1X point per dollar on everything else, with no category restrictions.
Points that hold the same value either way: 1,000 points = $10 as a statement credit, or a 1:1 transfer to several airline and hotel loyalty programs.
No minimum income requirement, as with every American Express Canada card.
Additional cards at no extra cost: the first and every other supplementary card is $0.
The Hotel Collection: a room upgrade when available, 12pm check-in and late check-out when available, and up to $100 USD in hotel credit on amenities charged to the room for a stay of two or more consecutive nights, booked through American Express Travel.
Front Of The Line^® presale and reserved tickets for concerts and theatre performances, plus offers and events curated for cardmembers through Amex Experiences.
A soft credit check before you apply: you can see whether you will be approved with no impact to your credit score. This applies to American Express personal card applications.

The 5X categories and where they apply

The 5X rate is the reason most people carry this card. In Canada it covers three kinds of merchants:

Groceries: Metro, IGA, Sobeys, Super C, Safeway, Whole Foods.
Restaurants and bars: sit-down meals, takeout and drinks.
Home food delivery.
Convenience stores (Couche-Tard, 7-Eleven): not part of 5X, 1 point per dollar.

The 2X rate covers gas stations such as Esso, Shell and Petro-Canada, along with public transit and ride sharing.

With the American Express Cobalt^® Card, you earn between 1 and 5 points per dollar:

Category	Points per dollar
Grocery (Metro, IGA, Sobeys, Super C, etc.)	5
Home food delivery	5
Restaurants and bars	5
Convenience stores	1
Streaming services	3
Service station	2
Transport	2
Travel	1
Other	1

That works out to a 1 to 5% return on those purchases. For example, if you spend $1,000 per month across groceries, restaurants and food delivery, you earn $50 back per month, or $600 per year from that category alone. Transfer the points to a program such as Aeroplan instead and the return can be higher.

You can also stack these categories with the hundreds of stores that offer 5x points.

American Express Cobalt^® Card insurance coverage

The card comes with a broad insurance package. The amounts below are the coverage limits; conditions, age limits and exclusions are set out in the certificate of insurance linked in the Insurance section above.

Travel insurance

Emergency medical: up to $5,000,000 for the first 15 days of a trip.
Travel accident: accidental death and dismemberment of up to $250,000 for you, your spouse and dependent children under age 23 when travelling on a common carrier (plane, train, bus or ship) and the tickets are charged to your card. Supplementary cardholders and their families are covered too.
Flight delay: up to $500 for necessary hotel, meal and sundry expenses bought within 48 hours when you are delayed or denied boarding for four hours or more and no other transportation is available. This $500 is an aggregate limit per occurrence, shared with missed connection and delayed baggage coverage.
Delayed baggage: up to $500 for essential clothing and sundries bought within four days when your outbound luggage is delayed six hours or more. This $500 is an aggregate limit per occurrence, shared with missed connection and flight delay coverage.
Lost or stolen baggage: up to $500 per occurrence for all insured persons combined, for checked or carry-on baggage and personal effects in transit, when the airline tickets are charged to your card. Within that limit, jewellery is capped at $300 per occurrence and golf clubs, including golf bags, at $250 per occurrence.
Hotel and motel burglary: up to $500 against the loss of most personal items if your hotel or motel is burglarized, when the stay is charged to your card.

Rental car insurance

Theft and damage coverage is included for a rental car with an MSRP, for its model year, of up to $85,000 excluding all taxes, for rentals of up to 48 days. To use it, decline the Loss Damage Waiver (LDW) or any similar option from the rental company and charge the full rental to your card. There is no cost for this coverage, and it replaces the daily insurance the rental company charges, usually $16 to $23 per day.

Mobile device insurance

Your device is covered for up to $1,000 per occurrence when it is charged to the card, for up to two years from the date of purchase. The payout is based on the depreciated value of the device, which falls by 2% of the purchase price for every completed month, less a 10% deductible. Theft and accidental damage coverage starts on the 91st day after purchase, because the first 90 days are covered by purchase protection.

Purchase protection and extended warranty

Eligible items charged to your card are insured against accidental physical damage or theft for 90 days from the purchase date, up to $1,000 per occurrence for all items combined. The card also extends the original manufacturer’s warranty by up to one additional year on eligible items, with indemnification limited to $10,000 per insured item and $25,000 per Cardmember per policy year for all items combined.

American Express Cobalt^® Card fees

Card fee: $15.99 per month, which equals $191.88 per year, for residents outside Quebec. Quebec residents are billed $191.88 per year.
Additional cards: $0.
Purchase interest rate: 21.99%.
Cash advance interest rate: 21.99%.
Foreign transaction fee: 2.5%.
Minimum income required: none.

Because the fee is billed monthly rather than in one annual charge, you can stop and restart the cost in step with how much you are actually using the card.

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American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, we may receive compensation from American Express, which can be in the form of monetary payment.

Annual fee

Primary card$191.88

Additional card$0

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xRestaurants
5xGroceries
3xStreaming
2xTransit
2xGas
1xAll spending

Value

1st Year Value$1,675

2nd Year Value$799

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Flying BlueAirline
Hilton HonorsHotel
Marriott BonvoyHotel

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $250,000

Purchase protection

Purchase ProtectionUp to $1,000 / 90 days

Extended Warranty+1 years

Mobile DeviceUp to $1,000 / 2 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $60

Here are the online promotional offers I got with my Marriott Bonvoy^™ American Express^® Card:

Month	Details	Amount
July 2021	Shop Small	$5
August 2021	Shop Small	$30
August 2021	Ivanhoe Cambridge Offer	$25
2021	TOTAL	$60

I got $60 in statement credits on my Marriott Bonvoy^™ American Express^® Card. It pays for half of its $120 annual fee.

However, in my eyes, the membership pays for itself with the Annual Free Night Award (35,000 Marriott Bonvoy points value).

Judiciously used – as I did at W Abu Dhabi – Yas Island – it can easily save over $300. This puts the annual fee into perspective.

If you don’t have this card yet, take advantage of the current welcome offer, one of the highest ever seen on this card:

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Marriott Bonvoy^® American Express^®* Card

American Express Marriott Bonvoy

Annual fee: $120
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$600Total$600Plus $100 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $600
Welcome offerAfter $3,000 in 3 months: Up to 70,000 points

The Marriott Bonvoy^® American Express^®* Card is the best credit card in Canada for free hotel nights.

New Cardmembers can earn up to 70,000 Marriott Bonvoy^® points with the current offer:

Earn up to 60,000 points after you spend $3,000 on your Card in your first 3 months of Cardmembership.
Plus, earn 10,000 points after you spend $500 on your Card in your 13th month of Cardmembership.

The annual fee is $120, and there is no annual fee on Additional Cards, so you can add a partner or a family member at no extra cost.

Every year after your first Card anniversary, you receive an Annual Free Night Award good for a redemption of up to 35,000 points at eligible hotels and resorts worldwide. At a valuation of 0.9 cents per Marriott Bonvoy point, that certificate is worth roughly $315, which on its own more than covers the $120 annual fee. That is the main reason to keep this Card year after year instead of cancelling it.

To get the most out of the certificate, aim it at a night that would otherwise price close to the 35,000 point ceiling.

The Card also gives you 15 Elite Night Credits each calendar year and automatic Marriott Bonvoy Silver Elite status. Those credits count toward the next Elite tier, so you begin every year 15 nights ahead of where you would otherwise start.

You move up to Gold Elite status automatically when you reach $30,000 in purchases on the Card in a year, or when you combine 10 qualifying paid nights within one calendar year with the 15 Elite Night Credits from your Card.

Marriott Bonvoy points are generally valued at 0.9 cents each. On that basis, the 70,000 point welcome offer is worth about $630, and an Annual Free Night Award used at its full 35,000 point ceiling is worth about $315.

Marriott Bonvoy points pull their weight on free nights rather than on gift cards or merchandise, which is why this Card should be judged on the hotel stays it produces.

You earn 5 points per dollar on eligible purchases at participating Marriott Bonvoy hotels and 2 points per dollar on all other purchases. Points can be redeemed for free nights with no blackout dates at more than 7,000 hotels around the world.

The Card carries a solid package of coverages: $500,000 travel accident insurance, flight delay, baggage delay, lost or stolen baggage and hotel or motel burglary at $500 each, car rental theft and damage up to $85,000 for rentals of up to 48 days, Purchase Protection for 90 days and a one year Extended Warranty.

Two things to plan around: the 2.5% foreign transaction fee on purchases made in a foreign currency, and the 21.99% purchase interest rate, which makes this a Card to pay in full every month. Like all American Express Canada Cards, no minimum income is published for this Card, and you can see whether you would be approved before you apply, with no impact on your credit score.

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Annual fee

Primary card$120

Additional card$0

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xMarriott Bonvoy hotels
2xAll spending

Value

1st Year Value$1,110

2nd Year Value$312

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $45

Here are the online promotional offers I got with my American Express^® Aeroplan^®* Card:

Month	Details	Amount
August 2021	Shop Small	$25
November 2021	Online Shopping Credit	$20
2021	TOTAL	45 $

This is my new Card this year. I got $45 in statement credits, which pays off a little over a third of the $120 annual fee.

Here is the offer currently available for this card:

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American Express^® Aeroplan^®* Card

American Express Aeroplan

Annual fee: $120
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$700Total$700Plus $200 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $700
Welcome offerAfter $7,500 in 6 months: Up to 45,000 points

With this welcome offer for the American Express^® Aeroplan^®* Card, you can earn up to 45,000 Aeroplan points. Here’s how:

Earn 35,000 Aeroplan points after charging $7,500 to your Card within the first 6 months.
Plus, earn an additional 10,000 Aeroplan points when you spend $1,000 in the 13th month.

The annual fee goes from $120 to $150 on January 12, 2027. Only fees charged on or after that date follow the new price. Sign up now and your first year is billed at $120. The Additional Card goes from $50 to $59, and the Additional No Fee Card becomes the Companion Card at $25.

With this Card, you earn 2x the points on purchases with Air Canada and Air Canada Vacations.

And 1.5x the points for dining and food delivery services in Canada. Anywhere else, you will earn 1X the points.

Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada^®* flights.

Like all American Express Canada Cards, there is no minimum income requirement.

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American Express is not responsible for maintaining or controlling the accuracy of the information published on this website. For full and up-to-date product information, click on the Apply now link. Terms and conditions apply.

Annual fee

Primary card$120

Additional card$50

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

2xAir Canada flights
1.5xRestaurants
1xAll spending

Value

1st Year Value$1,228

2nd Year Value$379

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Small Business Cards

Statement Credits earned: $245

Here are the online promotional offers I got with my Marriott Bonvoy^™ Business American Express^® Card:

Month	Details	Amount
July 2021	Amazon Offer	$50
July 2021	Shop Small	$5
August 2021	Shop Small	$30
August 2021	Ivanhoe Cambridge Offer	$25
September 2021	Quebec Hotel Credit	$50
September 2021	Marriott Bonvoy Credit	$50
October 2021	Small Business Offers	$15
November 2021	Online Shopping Credit	$20
2021	TOTAL	$245

I got more credit on this small business Card than on the consumer’s Card: $245 in statement credits, more than enough to pay off the $150 annual fee.

And like my other Marriott Bonvoy Card, this Marriott Bonvoy^™ Business American Express^® Card comes with an Annual Free Night Award (35,000 Marriott Bonvoy points value).

So keep it, or apply for it if you don’t have it yet:

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Marriott Bonvoy^® Business American Express^®* Card

Business American Express Marriott Bonvoy

Annual fee: $150
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$700Total$700Plus $100 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $700
Welcome offerAfter $5,000 in 3 months: Up to 80,000 points

The Marriott Bonvoy^® Business American Express^®* Card is designed for the self-employed, professionals and small business owners who travel.

With this welcome offer, you can earn up to 80,000 Marriott Bonvoy Points:

Earn 70,000 points after you spend $5,000 on your Card in your first 3 months of Cardmembership.
Plus, earn 10,000 points when you spend $1,000 on your Card in your 13th month of Cardmembership.

Each year at renewal, you’ll get an Annual Free Night Award for up to 35,000 points, plus 15 Elite nights per year, counting towards your Marriott Bonvoy Elite status.

With this Card, you earn 5 points per dollar for all your spending at Marriott Bonvoy establishments, and you can earn 3 points per dollar for :

Gas
Dining
Travel

And 2 points per dollar on all other purchases.

Like all American Express Canada Cards, there is no minimum income requirement.

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Annual fee

Primary card$150

Additional card$50

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xMarriott Bonvoy hotels
3xTravel
3xGas
3xRestaurants
2xAll spending

Value

1st Year Value$1,138

2nd Year Value$347

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $710

Here are the online promotional offers I got with my Business Platinum Card^® from American Express:

Month	Details	Amount
August 2021	Shop Small	$5
October 2021	Shop Small	$15
October 2021	Google Ads offer	$225
October 2021	Google Ads offer	$225
November 2021	Quickbooks offer	$240
2021	TOTAL	$710

My other American Express Small Business Card: on this one, I got $710. Again, enough to pay off my $499 annual fee.

American Express: How I got over $2,200 in statement credits in 2021 - promotional offers platinum pme jm en

American Express: How I got over $2,200 in statement credits in 2021 - credit slack amex platine

I’m keeping this Card because it gives me 1.25 points per dollar everywhere, including my Google Ads purchases (note the generous offer I got for that). Points that I can then easily transfer into Aeroplan points or Flying Blue miles.

If you don’t have the consumer’s Card, this is an option to consider as it will also give you free access to airport lounges!

Here’s the current great offer:

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Business Platinum Card^® from American Express

Business American Express Amex Membership Rewards

Annual fee: $799
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,360Total$1,360Plus $680 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,360
Welcome offerAfter $15,000 in 3 months: Up to 120,000 points

Earn up to 120,000 points with this welcome offer for the American Express Business Platinum Card:

80,000 Membership Rewards points for $15,000 net purchases within the first 3 months of membership
40,000 additional points if you make a purchase between the 15th and 17th month after enrollment

You can use your Membership Rewards points in many ways:

Transfer your points to airline partners: Aeroplan Avios (British Airways, Qatar Airways, Finnair, Iberia), Flying Blue, Delta Skymiles, etc.
Transfer your points to hotel programs (Hilton Honors, Marriott Bonvoy)
Redeem your points for statement credits to offset any eligible purchase charged to your Card (1,000 points = $10)
And more!

120,000 points have a minimum value of $1,200 for a Statement credit, and much more if you transfer your points to a partner.

For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning up to :

120,000 Aeroplan points
120,000 Avios
120,000 Flying Blue Miles
144,000 Marriott Bonvoy points

With this Card, you earn 1.25 Membership Rewards points per dollar on all purchases. What’s more, you’ll enjoy a host of travel and business benefits:

Complimentary access for you and one additional guest to over 1,400 airport lounges in over 130 countries
$200 Annual travel credit
$100 Card Statement Credit for Nexus
Marriott Bonvoy Gold Elite status
Hilton Honors Gold Elite status
Access to the Fine Hotels and Resorts program
Up to $120 in eligible Wireless Credits each year

With this Card you can maximize your cash flow with up to 55 interest free days. It is a card that is particularly appreciated by contractors when making large purchases in home improvement stores, for example.

Last but not least, Business Platinum Card^® from American Express offers a wide range of insurance coverage: rental car theft and damage, $500,000 travel accident, emergency medical expenses (out-of-province or out-of-country), lost or stolen baggage, flight delays and misdirected baggage, hotel or motel burglary, Purchase Protection, Purchase Security.

Like all American Express Canada Cards, there is no minimum income requirement.

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Annual fee

Primary card$799

Additional card$250

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

1.25xAll spending

Value

2nd Year Value$311

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Marriott BonvoyHotel

Card benefits

Concierge service24/7

Airport lounge access$400

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Trip CancellationUp to $1,500

Trip InterruptionUp to $1,500

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $1,000

Hotel BurglaryUp to $1,000

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

When are Amex credits paid out?

Amex Offers credits and the cash back on SimplyCash cards don't arrive on the same schedule. The difference matters if you're comparing an American Express card with another bank's cash back card.

Amex Offers credits: American Express Canada applies them to the registered Card account within 90 days after the offer end date, according to its Amex Offers FAQ. They then show up under "Statement Credits."
Cash back on SimplyCash cards: with the SimplyCash^® Card from American Express and the SimplyCash^® Preferred Card from American Express, cash back builds up all year. American Express applies it as a credit to your account once a year, on the statement issued in September, provided your account is in good standing (American Express terms).

In practice, the cash back you earn doesn't reduce your balance during the year. If you carry a balance, interest applies to the amount owing as with any credit card, and the cash back only arrives in September. These cards are best suited to people who pay their statement in full every month. These terms are current as of September 2026.

Bottom line

As you can see, the promotional offers throughout the year make a difference: it can help to reimburse each Card’s annual fee!

How about you? How many statement credits have you earned in a year? Come and discuss it in the Facebook group!

For your next Hilton stay, see the Hilton Honors American Express^® Card available in Canada and the terms of its current offer.

American Express regularly offers online promotions. With these offers, you benefit from statement credits or points.

In addition, Scotiabank Gold American Express credit cardholders are eligible for certain offers. They can go and register on the American Express promotional offers page.

To view the credits you have earned, go to this page in your American Express Canada online account under “Statement Credits.”

Consumer Cards

Statement Credits earned: $1,010

Here are the online promotional offers I got with my Platinum Card^®:

Month	Details	Amount
February 2021	Grocery credit	$200
February 2021	Travel credit	$200
May 2021	CornerShop Offer	$30
July 2021	Shop Small	$15
August 2021	Shop Small	$35
August 2021	Marriott Bonvoy offer	$100
September 2021	Gastronomic restaurant offer	$175
October 2021	Shop Small	$15
November 2021	Ivanhoe Cambridge Offer	$40
November 2021	Travel credit	$200
2021	TOTAL	$1,010

The Platinum Card^® has an annual fee of $699 (but comes with a $200 annual travel credit).

With this Card, one guest and two children get free access to over 1,300 airport lounges worldwide (including the National Bank and Air France Lounges in Montreal).

In addition, it offers Elite status such as Marriott Bonvoy Gold status or Hilton Honors Gold (the latter permitting free breakfasts in the group’s hotels).

With perks like this, and offers available during the year on this Card(over $1,000 in 2021), I’m a big winner as a cardholder.

If you don’t have it yet, here is the welcome offer currently available:

Compare

American Express Platinum Card^®

American Express Amex Membership Rewards

Annual fee: $799
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,190Total$1,190Plus $510 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,190
Welcome offerAfter $10,000 in 3 months: Up to 100,000 points

The Platinum Card^® is the best premium card in Canada for travellers.

With this welcome offer, you can earn up to 100,000 Membership Rewards^® points:

70,000 points after charging $10,000 to your Card in your first 3 months of Cardmembership
30,000 points when you make a purchase between the 15th and 17th month after your Cardmembership begins

With this Card, you get:

2 points per $1 on eligible dining and delivery purchases in Canada
2 points per dollar on eligible travel purchases charged to the Card
1 point per $1 on all other purchases charged to the Card

You can use your Membership Rewards^® points in many ways:

Transfer points to airline partners: Aeroplan, Avios (British Airways / Qatar Airways), Flying Blue, Delta SkyMiles, etc.
Transfer points to hotel partners, including Hilton Honors and Marriott Bonvoy
Redeem points for statement credits to offset any travel purchase charged to your Card (1,000 points = $10)
Redeem points for statement credits towards other purchases (1,000 points = $10)
And more!

For example, with this welcome offer, if you decide to transfer your Membership Rewards^® points to a partner loyalty program, you could earn up to:

100,000 Aeroplan points
100,000 Avios
100,000 Flying Blue Miles
120,000 Marriott Bonvoy points

With this card, you also have advantages for your travels:

$200 Annual Travel Credit
An annual meal credit of $200
A $100 statement credit for NEXUS membership
Complimentary access for you and one additional guest to more than 1,550 airport lounges in over 140 countries
Hilton Honors Gold status
Marriott Bonvoy Gold Elite status
Access to the Fine Hotels + Resorts program

Like all American Express Canada Cards, there is no minimum income requirement.

Legal

Annual fee

Primary card$799

Additional card$250

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

2xTravel
2xRestaurants
1xAll spending

Value

2nd Year Value$470

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Flying BlueAirline
Hilton HonorsHotel
Marriott BonvoyHotel

Card benefits

Concierge service24/7

Airport lounge access$400

Travel creditsIncluded

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Trip CancellationUp to $2,500

Trip InterruptionUp to $2,500

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $1,000

Hotel BurglaryUp to $1,000

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $160

Here are the online promotional offers I received with my American Express Cobalt^® Card:

Month	Details	Amount
July 2021	Shop Small	$5
August 2021	Shop Small	$30
November 2021	Restaurant Credit	$50
November 2021	Online Shopping Credit	$15
December 2021	Give and Get Local Offer	$60
2021	TOTAL	$160

This year, I had fewer offers than last year on my American Express Cobalt^® Card. However, $160 in statement credits pays off my annual fee ($155.88).

You don’t have this card yet? Take advantage of the exceptional offer available right now:

Compare

American Express Cobalt^® Card

American Express Amex Membership Rewards

Annual fee: $191.88
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$255Total$255Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $255
Welcome offerGet 1,250 points after $750 in purchases per month for 12 months: Up to 15,000 points

The American Express Cobalt^® Card is a versatile American Express card, whether you want points for travel or cash back.

American Express Cobalt^® Card welcome offer

Earning the full bonus means $9,000 in net purchases spread across 12 monthly billing periods. This offer rewards steady monthly spending rather than one large purchase.

You can use these points as statement credits on everyday or travel purchases, at the same rate either way: 1,000 points = $10.

You can also transfer them to Aeroplan, Avios (British Airways and Qatar Airways), Flying Blue, Marriott Bonvoy or Hilton Honors. With the full welcome bonus, that is a choice between:

15,000 Aeroplan points
15,000 Avios points
15,000 Flying Blue Miles
18,000 Marriott Bonvoy points

American Express Cobalt^® Card benefits

Here is what the card gives you, starting with the benefits cardholders use most.

5X points on eligible eats and drinks in Canada: groceries, restaurants and bars, and home food delivery. A spend cap applies.
3X points on eligible streaming subscriptions in Canada.
2X points on eligible gas, public transit and ride sharing purchases in Canada.
1 additional point on eligible hotel and car rental bookings made through American Express Travel Online.
1X point per dollar on everything else, with no category restrictions.
Points that hold the same value either way: 1,000 points = $10 as a statement credit, or a 1:1 transfer to several airline and hotel loyalty programs.
No minimum income requirement, as with every American Express Canada card.
Additional cards at no extra cost: the first and every other supplementary card is $0.
The Hotel Collection: a room upgrade when available, 12pm check-in and late check-out when available, and up to $100 USD in hotel credit on amenities charged to the room for a stay of two or more consecutive nights, booked through American Express Travel.
Front Of The Line^® presale and reserved tickets for concerts and theatre performances, plus offers and events curated for cardmembers through Amex Experiences.
A soft credit check before you apply: you can see whether you will be approved with no impact to your credit score. This applies to American Express personal card applications.

The 5X categories and where they apply

The 5X rate is the reason most people carry this card. In Canada it covers three kinds of merchants:

Groceries: Metro, IGA, Sobeys, Super C, Safeway, Whole Foods.
Restaurants and bars: sit-down meals, takeout and drinks.
Home food delivery.
Convenience stores (Couche-Tard, 7-Eleven): not part of 5X, 1 point per dollar.

The 2X rate covers gas stations such as Esso, Shell and Petro-Canada, along with public transit and ride sharing.

With the American Express Cobalt^® Card, you earn between 1 and 5 points per dollar:

Category	Points per dollar
Grocery (Metro, IGA, Sobeys, Super C, etc.)	5
Home food delivery	5
Restaurants and bars	5
Convenience stores	1
Streaming services	3
Service station	2
Transport	2
Travel	1
Other	1

You can also stack these categories with the hundreds of stores that offer 5x points.

American Express Cobalt^® Card insurance coverage

Travel insurance

Emergency medical: up to $5,000,000 for the first 15 days of a trip.
Travel accident: accidental death and dismemberment of up to $250,000 for you, your spouse and dependent children under age 23 when travelling on a common carrier (plane, train, bus or ship) and the tickets are charged to your card. Supplementary cardholders and their families are covered too.
Flight delay: up to $500 for necessary hotel, meal and sundry expenses bought within 48 hours when you are delayed or denied boarding for four hours or more and no other transportation is available. This $500 is an aggregate limit per occurrence, shared with missed connection and delayed baggage coverage.
Delayed baggage: up to $500 for essential clothing and sundries bought within four days when your outbound luggage is delayed six hours or more. This $500 is an aggregate limit per occurrence, shared with missed connection and flight delay coverage.
Lost or stolen baggage: up to $500 per occurrence for all insured persons combined, for checked or carry-on baggage and personal effects in transit, when the airline tickets are charged to your card. Within that limit, jewellery is capped at $300 per occurrence and golf clubs, including golf bags, at $250 per occurrence.
Hotel and motel burglary: up to $500 against the loss of most personal items if your hotel or motel is burglarized, when the stay is charged to your card.

Rental car insurance

Mobile device insurance

Purchase protection and extended warranty

American Express Cobalt^® Card fees

Card fee: $15.99 per month, which equals $191.88 per year, for residents outside Quebec. Quebec residents are billed $191.88 per year.
Additional cards: $0.
Purchase interest rate: 21.99%.
Cash advance interest rate: 21.99%.
Foreign transaction fee: 2.5%.
Minimum income required: none.

Because the fee is billed monthly rather than in one annual charge, you can stop and restart the cost in step with how much you are actually using the card.

Legal

Annual fee

Primary card$191.88

Additional card$0

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xRestaurants
5xGroceries
3xStreaming
2xTransit
2xGas
1xAll spending

Value

1st Year Value$1,675

2nd Year Value$799

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Flying BlueAirline
Hilton HonorsHotel
Marriott BonvoyHotel

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $250,000

Purchase protection

Purchase ProtectionUp to $1,000 / 90 days

Extended Warranty+1 years

Mobile DeviceUp to $1,000 / 2 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $60

Here are the online promotional offers I got with my Marriott Bonvoy^™ American Express^® Card:

Month	Details	Amount
July 2021	Shop Small	$5
August 2021	Shop Small	$30
August 2021	Ivanhoe Cambridge Offer	$25
2021	TOTAL	$60

I got $60 in statement credits on my Marriott Bonvoy^™ American Express^® Card. It pays for half of its $120 annual fee.

However, in my eyes, the membership pays for itself with the Annual Free Night Award (35,000 Marriott Bonvoy points value).

Judiciously used – as I did at W Abu Dhabi – Yas Island – it can easily save over $300. This puts the annual fee into perspective.

If you don’t have this card yet, take advantage of the current welcome offer, one of the highest ever seen on this card:

Compare

Marriott Bonvoy^® American Express^®* Card

American Express Marriott Bonvoy

Annual fee: $120
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$600Total$600Plus $100 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $600
Welcome offerAfter $3,000 in 3 months: Up to 70,000 points

The Marriott Bonvoy^® American Express^®* Card is the best credit card in Canada for free hotel nights.

New Cardmembers can earn up to 70,000 Marriott Bonvoy^® points with the current offer:

Earn up to 60,000 points after you spend $3,000 on your Card in your first 3 months of Cardmembership.
Plus, earn 10,000 points after you spend $500 on your Card in your 13th month of Cardmembership.

The annual fee is $120, and there is no annual fee on Additional Cards, so you can add a partner or a family member at no extra cost.

To get the most out of the certificate, aim it at a night that would otherwise price close to the 35,000 point ceiling.

Marriott Bonvoy points pull their weight on free nights rather than on gift cards or merchandise, which is why this Card should be judged on the hotel stays it produces.

Legal

Annual fee

Primary card$120

Additional card$0

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xMarriott Bonvoy hotels
2xAll spending

Value

1st Year Value$1,110

2nd Year Value$312

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $45

Here are the online promotional offers I got with my American Express^® Aeroplan^®* Card:

Month	Details	Amount
August 2021	Shop Small	$25
November 2021	Online Shopping Credit	$20
2021	TOTAL	45 $

This is my new Card this year. I got $45 in statement credits, which pays off a little over a third of the $120 annual fee.

Here is the offer currently available for this card:

Compare

American Express^® Aeroplan^®* Card

American Express Aeroplan

Annual fee: $120
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$700Total$700Plus $200 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $700
Welcome offerAfter $7,500 in 6 months: Up to 45,000 points

With this welcome offer for the American Express^® Aeroplan^®* Card, you can earn up to 45,000 Aeroplan points. Here’s how:

Earn 35,000 Aeroplan points after charging $7,500 to your Card within the first 6 months.
Plus, earn an additional 10,000 Aeroplan points when you spend $1,000 in the 13th month.

With this Card, you earn 2x the points on purchases with Air Canada and Air Canada Vacations.

And 1.5x the points for dining and food delivery services in Canada. Anywhere else, you will earn 1X the points.

Enjoy your first checked bag free (up to 23kg/50lb) for up to 9 people travelling on the same reservation on Air Canada^®* flights.

Like all American Express Canada Cards, there is no minimum income requirement.

Legal

Annual fee

Primary card$120

Additional card$50

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

2xAir Canada flights
1.5xRestaurants
1xAll spending

Value

1st Year Value$1,228

2nd Year Value$379

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Small Business Cards

Statement Credits earned: $245

Here are the online promotional offers I got with my Marriott Bonvoy^™ Business American Express^® Card:

Month	Details	Amount
July 2021	Amazon Offer	$50
July 2021	Shop Small	$5
August 2021	Shop Small	$30
August 2021	Ivanhoe Cambridge Offer	$25
September 2021	Quebec Hotel Credit	$50
September 2021	Marriott Bonvoy Credit	$50
October 2021	Small Business Offers	$15
November 2021	Online Shopping Credit	$20
2021	TOTAL	$245

I got more credit on this small business Card than on the consumer’s Card: $245 in statement credits, more than enough to pay off the $150 annual fee.

And like my other Marriott Bonvoy Card, this Marriott Bonvoy^™ Business American Express^® Card comes with an Annual Free Night Award (35,000 Marriott Bonvoy points value).

So keep it, or apply for it if you don’t have it yet:

Compare

Marriott Bonvoy^® Business American Express^®* Card

Business American Express Marriott Bonvoy

Annual fee: $150
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$700Total$700Plus $100 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $700
Welcome offerAfter $5,000 in 3 months: Up to 80,000 points

The Marriott Bonvoy^® Business American Express^®* Card is designed for the self-employed, professionals and small business owners who travel.

With this welcome offer, you can earn up to 80,000 Marriott Bonvoy Points:

Earn 70,000 points after you spend $5,000 on your Card in your first 3 months of Cardmembership.
Plus, earn 10,000 points when you spend $1,000 on your Card in your 13th month of Cardmembership.

Each year at renewal, you’ll get an Annual Free Night Award for up to 35,000 points, plus 15 Elite nights per year, counting towards your Marriott Bonvoy Elite status.

With this Card, you earn 5 points per dollar for all your spending at Marriott Bonvoy establishments, and you can earn 3 points per dollar for :

Gas
Dining
Travel

And 2 points per dollar on all other purchases.

Like all American Express Canada Cards, there is no minimum income requirement.

Legal

Annual fee

Primary card$150

Additional card$50

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

5xMarriott Bonvoy hotels
3xTravel
3xGas
3xRestaurants
2xAll spending

Value

1st Year Value$1,138

2nd Year Value$347

Travel insurance

Delayed BaggageUp to $500

Lost BaggageUp to $500

Flight DelayUp to $500

Hotel BurglaryUp to $500

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

Statement Credits earned: $710

Here are the online promotional offers I got with my Business Platinum Card^® from American Express:

Month	Details	Amount
August 2021	Shop Small	$5
October 2021	Shop Small	$15
October 2021	Google Ads offer	$225
October 2021	Google Ads offer	$225
November 2021	Quickbooks offer	$240
2021	TOTAL	$710

My other American Express Small Business Card: on this one, I got $710. Again, enough to pay off my $499 annual fee.

If you don’t have the consumer’s Card, this is an option to consider as it will also give you free access to airport lounges!

Here’s the current great offer:

Compare

Business Platinum Card^® from American Express

Business American Express Amex Membership Rewards

Annual fee: $799
Our valuationMilesopedia first-year estimate First-year valueWelcome bonus$1,360Total$1,360Plus $680 of bonus paid after the first year, not counted in this total.Rewards on your spending are not included. The calculator that adds them from your own profile is on the card's page.: $1,360
Welcome offerAfter $15,000 in 3 months: Up to 120,000 points

Earn up to 120,000 points with this welcome offer for the American Express Business Platinum Card:

80,000 Membership Rewards points for $15,000 net purchases within the first 3 months of membership
40,000 additional points if you make a purchase between the 15th and 17th month after enrollment

You can use your Membership Rewards points in many ways:

Transfer your points to airline partners: Aeroplan Avios (British Airways, Qatar Airways, Finnair, Iberia), Flying Blue, Delta Skymiles, etc.
Transfer your points to hotel programs (Hilton Honors, Marriott Bonvoy)
Redeem your points for statement credits to offset any eligible purchase charged to your Card (1,000 points = $10)
And more!

120,000 points have a minimum value of $1,200 for a Statement credit, and much more if you transfer your points to a partner.

For example, with this welcome offer, if you decide to transfer your Membership Rewards points to a partner loyalty program, you would have the choice of earning up to :

120,000 Aeroplan points
120,000 Avios
120,000 Flying Blue Miles
144,000 Marriott Bonvoy points

With this Card, you earn 1.25 Membership Rewards points per dollar on all purchases. What’s more, you’ll enjoy a host of travel and business benefits:

Complimentary access for you and one additional guest to over 1,400 airport lounges in over 130 countries
$200 Annual travel credit
$100 Card Statement Credit for Nexus
Marriott Bonvoy Gold Elite status
Hilton Honors Gold Elite status
Access to the Fine Hotels and Resorts program
Up to $120 in eligible Wireless Credits each year

Like all American Express Canada Cards, there is no minimum income requirement.

Legal

Annual fee

Primary card$799

Additional card$250

Annual income required

Individual$0

Household$0

Conversion fees

2.5%

Earning rate

1.25xAll spending

Value

2nd Year Value$311

Transfer partners

AeroplanAirline
British Airways ClubAirline
Cathay Asia MilesAirline
Etihad GuestAirline
Marriott BonvoyHotel

Card benefits

Concierge service24/7

Airport lounge access$400

Travel insurance

Travel medical (under 55)Up to $5,000,000 / 15 days

Travel medical (55-64)Up to $5,000,000 / 15 days

Trip CancellationUp to $1,500

Trip InterruptionUp to $1,500

Delayed BaggageUp to $1,000

Lost BaggageUp to $1,000

Flight DelayUp to $1,000

Hotel BurglaryUp to $1,000

Travel AccidentUp to $500,000

Purchase protection

Purchase ProtectionIncluded

Extended Warranty+1 years

Auto Rental Collision (primary)Up to $85,000 / 48 days

When are Amex credits paid out?

Amex Offers credits and the cash back on SimplyCash cards don't arrive on the same schedule. The difference matters if you're comparing an American Express card with another bank's cash back card.

Amex Offers credits: American Express Canada applies them to the registered Card account within 90 days after the offer end date, according to its Amex Offers FAQ. They then show up under "Statement Credits."
Cash back on SimplyCash cards: with the SimplyCash^® Card from American Express and the SimplyCash^® Preferred Card from American Express, cash back builds up all year. American Express applies it as a credit to your account once a year, on the statement issued in September, provided your account is in good standing (American Express terms).

Bottom line

As you can see, the promotional offers throughout the year make a difference: it can help to reimburse each Card’s annual fee!

How about you? How many statement credits have you earned in a year? Come and discuss it in the Facebook group!

For your next Hilton stay, see the Hilton Honors American Express^® Card available in Canada and the terms of its current offer.

American Express: How I got over $2,200 in statement credits in 2021

Consumer Cards

Statement Credits earned: $1,010

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Transfer partners

Card benefits

Travel insurance

Purchase protection

Statement Credits earned: $160

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Transfer partners

Travel insurance

Purchase protection

Statement Credits earned: $60

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Travel insurance

Purchase protection

Statement Credits earned: $45

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Travel insurance

Purchase protection

Small Business Cards

Statement Credits earned: $245

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Travel insurance

Purchase protection

Statement Credits earned: $710

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Transfer partners

Card benefits

Travel insurance

Purchase protection

When are Amex credits paid out?

Bottom line

Our featured card

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Transfer partners

Card benefits

Travel insurance

Purchase protection

Our editorial integrity

Comments from our members

Consumer Cards

Statement Credits earned: $1,010

Annual fee

Annual income required

Conversion fees

Earning rate

Value

Transfer partners

Card benefits

Travel insurance