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There are several types of American Express Canada cards, each designed for a specific clientele: individuals, sole proprietorships (self-employed and SMEs), and large corporations. So, you don’t need to be incorporated to apply for an Amex business credit card. In this guide, we explain the benefits and conditions for obtaining this type of card. Then, the steps to apply for a business/SME card.
First, there are three types of credit cards issued by American Express Canada:
As a result, business cards have a much broader audience than corporate cards (which are limited to large corporations).
Whether you are self-employed or a small business owner, you can apply for an Amex business card as soon as you generate business income and expenses. You do not need to be incorporated to be approved for this type of card, which is very convenient for sole proprietorship owners.
When you apply, consider if you need an additional credit card for a family member or an employee. From time to time, American Express runs promotions where you can add additional cards to your account and earn bonus points.
To apply for an American Express business credit card, you simply need to meet the following requirements:
The online application process to apply for an Amex business card is simple. It is completed in 3 steps:
Here’s more information on each of these steps.
In the first step of your online application, you must enter your personal information, including the information that will appear on your card.
In the second step of your online application, you must enter your contact information:
This information is required so that American Express can contact you and send you your Amex business card. If you are self-employed or a small business owner, then this will be personal information.
If you work from home, indicate that your work address is the same as your home address by checking the appropriate box.
In the third and final step of your online application, you must enter details about your personal income and professional activity. This is the most important step of the application process. You have the choice to indicate your Social Insurance Number and whether you are already an American Express cardholder.
If you operate a sole proprietorship (self-employed or SME), you can enter your name in the “legal business name” field. If your business sector is not listed, choose the one that most closely matches your professional activity.
If you are self-employed or a small business owner, you can apply for an Amex business card.
Yes, you can have multiple American Express business cards. However, space out applications by at least 6 months and maintain activity on each of your cards. Why would American Express give you a new business card if there are no recent transactions on your current card?
No minimum income is required to apply for an Amex business card. In fact, this is the case for all American Express Canada Cards.
Now that you know how to apply for an Amex business card, find out which cards are best for you.
American Express offers business cards in 3 loyalty programs:
American Express Membership Rewards cards are the best-known American Express business cards:
Each of these American Express business cards has its own advantages.
What both cards above have in common is that they are both charge cards. There is therefore no pre-set limit, which can be convenient for a business with high expenses. It is also possible to optimize your business cash flow management thanks to a period of up to 55 interest-free days.
The Marriott Bonvoy® Business American Express®* Card is the only business credit card in Canada to offer benefits and points for stays at hotels.
This card is recommended for entrepreneurs and self-employed individuals who are members of the Marriott Bonvoy program and already have the Marriott Bonvoy® American Express®* Card for their personal needs. Thanks to these two American Express credit cards, you can, for example, get two free night certificates each year!
The American Express® Aeroplan®* Business Reserve Card is the best business credit card in Canada to offer benefits for your flights with Air Canada.
This card is recommended for entrepreneurs who are members of the Aeroplan program and wish, for example, to access Air Canada Maple Leaf Lounges unlimitedly and earn 3 points per dollar on their purchases with Air Canada or Air Canada Vacations.
In summary, you do not need to be at the head of a large corporation to get an American Express business card. Indeed, you can apply for an Amex business card as soon as you generate business income and expenses, whether you are self-employed or a small business owner.
American Express business cards stand out for their exclusive benefits, which go far beyond being just a payment method: privileged access to airport lounges, priority services, generous points programs, annual credits, and excellent insurance.
These cards represent a strategic investment that optimizes both business expenses and business travel opportunities.
Savings this way:
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