Introducing the seven American Express Canada Cards for professionals, sole-proprietor and small business owners.
Who needs a Small Business Card?
American Express Business Cards are different from the corporate ones reserved for large companies.
American Express Business Cards are good for:
- Small businesses
In many cases, self-employed people tend to charge their business expenses to their personal credit cards. It’s hard to find your way around at the end of the year!
Criteria to apply for an American Express Business Card
If you want to apply for an American Express Business Card, it is advised to have a registered business.
Note that this is not a determining criterion when applying for a small business Card: it is quite possible to register your name instead of the company’s name. In many cases, small business owners with less than $30,000 of revenue per year include this on their personal tax returns.
A tutorial to complete the Small Business Card application
If you need help filling out your first American Express Business Card application, we’ve written a tutorial here.
Charge card or credit card?
It is essential to know the difference between charge cards and credit cards.
American Express Business Charge Cards
A charge card is a card you must fully pay each month. Its most significant advantage: it has no pre-set spending limits. Besides, with up to 55 interest free days, you can maximize your cash flow How convenient!
American Express Business Charge cards are:
Small Business Credit Cards
With a credit card, you have the option to carry a balance each billing cycle, though a minimum amount is due and it has a determined credit limit.
It is always possible to get a limit increase (if offered by American Express, there will be no impact on the credit report).
And it is possible to transfer credit that you don’t use on personal American Express credit cards (such as the Marriott Bonvoyᵐᶜ American ExpressMD Marriott Card) to your new Small Business credit card .
American Express Business Credit Cards are:
There's a Business card for everyone
Aeroplan Small Business Card: for Air Canada travellers
Want to earn Aeroplan points with your small business purchases? The American Express® Aeroplan®* Business Reserve Card is for you!
With this card, you get:
- 3 points for your Air Canada and Air Canada Vacations purchases
- 2 points for your accommodation and car rental purchases
- 1 point for all other purchases
Besides, you enjoy access to Maple Leaf lounges in North America, the first piece of checked baggage for you and up to 8 travelling companions, an annual companion pass and exclusive benefits with Air Canada.
Marriott Bonvoy Small Business Card: one free hotel night every year
We generally use this certificate in large cities abroad to get the best possible return. It is not uncommon for a hotel night to cost 300 euros or US Dollars: the $150 annual fee is profitable!
It may also be a great card for small businesses having large gas or restaurant purchases since it offers 3 Marriott Bonvoy points per dollar in these categories.
The Business Platinum Card® from American Express for lounge access
The Business Platinum Card® from American Express has a $499 annual fee. This is the most costly of the three small business cards offering Membership Rewards points.
With a high annual fee, this card has a lot of benefits such as:
- 1.25 points per dollar with no annual limit
- Reliable insurance for your travel and purchases
- Marriott Bonvoy Gold status
- Unlimited access to airport lounges
And it’s on this last point where the Business Platinum Card® from American Express makes the difference. With this card, you will get unlimited access to more than 1,300 airport lounges, accompanied by a guest, and in many cases, up to 2 children.
American Express Business Edge™ Card For Electronic and office supply purchases
The American Express Business Edge™ Card has a low annual fee of $99.
With this card, you earn 3 points per dollar for several types of purchases:
- office supplies and electronics (Apple, Best Buy, STAPLES, etc.)
- rides and gas
- eats and drinks
No business credit card offers such a return for office supplies and electronics purchases.
Therefore, this card is particularly recommended for these types of purchases.
Also, it is possible to add up to 99 supplementary cards to the same account for free! This can be convenient for small transportation companies to earn 3 points per dollar for their gas station purchases.
Unlike the other two cards, Membership Rewards points earned by the American Express Business Edge™ Card cannot be transferred to frequent flyer programs such as Air Canada or British Airways.
On the other hand, you can transfer points to the Hilton Honors or Marriott Bonvoy programs. Or Redeem points for statement credits to offset any eligible purchase charged to your Card
American Express® Business Gold Rewards Card®: for Plastiq transactions
Formerly known as the “entry-level” Card, the American Express® Business Gold Rewards Card® is a Card for small business owners with a lot of spends. Its annual fee is $250.
Its unique feature is to earn 2 points per dollar from three suppliers you select from a list, up to an annual limit of 250,000 Membership Rewards Points (corresponding to $125,000 in Card purchases)
This list includes suppliers such as Best Buy, Petro-Canada or Plastiq. The latter retains our attention since this online service allows small businesses to pay many suppliers who do not accept credit cards.
One example is the Canada Revenue Agency or Revenu Quebec. You can use your American Express® Business Gold Rewards Card® on Plastiq and get 2 points per dollar to pay GST/QST, taxes, or other expenses.
American Express AIR MILES Business Card: for a great welcome offer
The American Express® AIR MILES®** for Business Card has a $180 annual fee.
This card can be interesting for business owners looking to maximize their cash flow (up to 55 days interest-free) and members of the AIR MILES program.
Indeed, this card offers a good welcome bonus and allows you to earn up to 1 mile per $10 of purchases from AIR MILES partners.
American Express AIR MILES Gold Business Card: a card with no annual fee
The American Express® AIR MILES®** Gold Business Card has no annual fee.
This is the only American Express business card with no annual fee. However, in our opinion, it does not represent a significant interest: its welcome bonus is low, as is its earning rate.