Best American Express Credit Cards in Canada for 2021

 
Details
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?
  • Generous first-year rewards
  • Redeem anything you want
  • Transferability of points
  • Monthly fee
  • Free supplementary card
Apply Now Full Review
Why we like it

While geared towards young people, the American Express Cobalt® Card  has plenty features and benefits that make it appealing to a wide range of people. It offers 5x more points on eats and drinks from grocery shopping to dining out, and 2x points on travel and transit. Additionally, the ability to transfer points to hotel partners or to the Fixed Points Travel Program makes this the best travel credit card in Canada with a fee. If you spend a lot on food and travel, then this credit card deserves a place in your wallet.

  • Generous first-year rewards - You have the ability to earn up to 30,000 bonus points in the first year.
  • Redeem anything you want -Reward points can be redeemed for travel, restaurant, movies, and merchandise. Unlike other rewards card, you can use your points for almost anything you want.
  • Transferability of points -You can transfer points into the Marriott Bonvoy rewards system which unlocks access to amazing rewards programs like British Airways, Aeroplan, and more than 30 other airline partners. You can also transfer to the Hilton Honors rewards program at 1:1 ratio.
  • Monthly fee - Instead of paying for a one-time annual fee, you are charged every month, giving you time to test out the card and cancel it if it's not the right fit for your spending habits.
  • Free supplementary card - This usually costs an additional $50 on most rewards card. Get one for an immediate family member and boost your earning potential.
Credit Card snapshot

American Express Cobalt® Credit Card review



Welcome Offer:

 In your first year as a new Cobalt Cardmember, you can earn 2,500 Membership Rewards® points for each monthly billing period in which you spend $500 in net purchases on your Card.

This could add up to 30,000 points in a year

30,000 points is enough for:

  • $300 in statement credits redeemed towards any eligible purchases charged to your Card or
  • $225 in Amex Prepaid Cards


• Earn 5x the points on eligible eats and drinks in Canada, including groceries and food delivery

• Earn 2 points for every $1 spent on eligible transit & gas purchases in Canada and eligible travel purchases. That's 2X the points on purchases that get you from point A to B

• Earn 1 point for every $1 in Card purchases everywhere else. We won't tell you where to spend, we'll just reward you on your Card purchases

• Cobalt Cardmembers receive regular Perks such as bonus reward offers and access to great events

• Access Front Of The Line® Presale & Reserved Tickets to some of your favourite concerts and theatre performances and special offers and events curated for Cardmembers with American Express® Experiences.


American Express Cobalt® Card Income Requirements

Many American Express credit cards have income range requirement to be eligible for the card however the Amex Cobalt Card doesn’t have a specific income requirement which mean that you could be approved for this credit card if you meet the requirements below:

Credit score of 670+

You must be the age of majority.

Canadian resident with a Canadian credit file.


American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Details
Annual Fee: $99
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?
  • High cashback rewards
  • Complete suite of insurance and protection plans
Apply Now Full Review
Why we like it

If you are comfortable with shelling out a small fee of $99 per year, then the SimplyCash Preferred Card from American Express is one of the best cashback rewards cards. Those who want to maximize their rewards can take advantage of the limited-time 10% cashback rewards. It also offers a comprehensive insurance package that's worth more than $100 in value.

 

Why We Like It:

  • High cashback rewards One of the highest we've seen, the 10% promo cash back is a welcome opportunity for people who have a major purchase coming up. After the four-month promotional period is up, it returns to a still high 2% cash back with no limits. Cash back is applied as a statement credit to your account each September.
  • Complete suite of insurance and protection plans This Amex card offers extensive insurance that includes insurance against rental car damage, travel accident, foreign medical, and baggage theft as well as double manufacturer's warranty and insurance against theft or damage for purchases.
Credit Card snapshot

SimplyCashTM Preferred Card Review

 New SimplyCash™ Preferred Card from American Express Cardmembers can earn 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 months of Cardmembership

• Earn 2.0% cash back when your Welcome Rate ends

• No limit to the amount of cash back you can earn after your Welcome Rate ends

• Access to memorable experiences with American Express Invites

• Extensive insurance coverage and 24/7 Customer Service

• 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. Conditions apply

 

Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?

 

  • No Annual Fee
  • Awesome Welcome Offer
  • Cash Back Rate
  • Entertainment Special Access
  • Basic Insurance Coverage
Apply Now Full Review
Why we like it

If you’re looking for a straightforward cash back credit card - this could be an ideal option for you! With no annual fee, earn 1.25% cash back, obtain insurance coverage and access to American Express special events. This is an ideal credit card for individuals wanting to earn cash back without making a big commitment to an annual fee.

 

  • No Annual Fee. One of the few American Express cards that comes with no annual fee.
  • Awesome Welcome Offer.  New SimplyCashTM from American Express Cardmembers can earn 4% cash back on purchases (up to $200 cash back) for the first 6 months of Cardmembership
  • Cash Back Rate. Once the welcome offer expires, earn 1.25% on all purchases with no limitations.
  • Entertainment Special Access. Gain access to American Express exclusive offers and experiences.
  • Insurance Coverage. Travel accident, buyer’s assurance and purchase protection insurance comes with card ownership.
Credit Card snapshot

SimplyCash™ Card from American Express Review

Earn Cash Back

The more you buy with the Card, the more cash back you'll earn.
  •  New SimplyCashTM from American Express Cardmembers can earn 4% cash back on purchases (up to $200 cash back) for the first 6 months of Cardmembership
  • Earn 1.25% cash back on purchases when your Welcome Rate ends

    • Access virtual events and special offers curated for Cardmembers with American Express® Experiences

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Average to Excellent
Why we like it?

  • No Annual Fee.
  • Earn Air Miles.
  • Travel and Shopping Insurance.
  • Entertainment Exclusive Offers
Apply Now Full Review
Why we like it

If you’re looking for a basic credit card that will earn Air Miles while you spend, look no further! The American Express Air Miles card allows card holders to earn Miles everywhere they spend. Card holders obtain insurance and special offers with this card too, all these benefits come with no added cost to you.

  • No Annual Fee. This credit card is one of the few American Express credit cards with no annual fee.
  • Earn Air Miles. For every $15 spent, earn 1 Air Mile on purchases made with Air Miles Partners. Earn 1 Air Mile for every $20 spent elsewhere.
  • Travel and Shopping Insurance. Card holders benefit from travel accident, buyer’s assurance and purchase protection insurance with this card.
  • Entertainment Exclusive Offers. Gain access to special American Express events and experiences with this credit card.
Credit Card snapshot
WELCOME BONUS OFFER New American Express AIR MILES Credit Card Cardmembers, earn a bonus of 500 AIR MILES Reward Miles when you charge a total of $500 in purchases to your Card within your first three months of Cardmembership.

ALL THE WAYS TO EARN Enjoy an earn rate of 1 Reward Mile for every $15 in Card purchases at AIR MILES Sponsors and 1 Reward Mile for every $20 in Card purchases everywhere else.

INSIDER ACCESS Designed for American Express AIR MILES Cardmembers, Insider Access sends hundreds of lucky contest winners to see their favourite artists live in concert, and other special offers. You too can join the fun!

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. Conditions apply
Details
Annual Fee: $120
Purchases Interest Rate: 20.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?
  • Generous welcome bonus
  • Wide variety of rewards
  • Sufficient travel and shopping insurance
Apply Now Full Review
Why we like it

If you pay all your credit card balance monthly and is good at managing money, it makes perfect sense to get a credit card that rewards you – especially if it means free flights. Delivering the right mix of rewards and a low annual fee, the American Express AIR MILES Platinum Credit Card is a sensible credit card for people with mid to high spending. It gives you a lucrative welcome bonus, a generous rewards and referral program, and a good earn rate for an affordable annual fee.

Good value – For a $120 annual fee, this credit card provides more than enough travel benefits, rewards and insurance coverage.
  • Generous welcome bonus – This credit card comes with a 2,000 MILES sign-up bonus that is worth $200 as cash AIR MILES. This is already enough for a short-haul flight.
  • Wide variety of rewards – With more than 1000 rewards to choose from, you can redeem everything from travel to movie tickets, electronics, and more.
  • Sufficient travel and shopping insurance – You get car rental theft and damage insurance, $100,000 travel accident insurance, purchase protection plan, and buyer’s assurance protection plan.
Credit Card snapshot
American Express® AIR MILES®* Platinum Credit Card Review


Earn AIR MILES®* Reward Miles

 
Turn your everyday purchases into extraordinary rewards
  • Earn 1 Mile for every $5 in Card purchases, up to $30,000 annually, on eligible food & drinks, (such as eligible restaurants, coffee shops and stand-alone grocery stores), and eligible gas & transit (such as local commuter transportation including ridesharing services and taxis) in Canada2
  • Earn 1 Mile for every $10 in Card purchases everywhere else2

  • New American Express® AIR MILES®* Platinum Credit Card Cardmembers, earn a Welcome Bonus of 2,000 AIR MILES®* Bonus Miles when you charge a total of $1,500 in purchases to your Card within your first three months of Cardmembership. That’s enough to redeem for $200 towards your purchases with AIR MILES®* Cash


    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply

.
Details
Annual Fee: $250
Purchases Interest Rate: -%
Cash Advance Interest Rate: -%
Recommended Credit Score
Average to Excellent
Why we like it?
  • Great welcome bonus offer
  • Value-added rewards for travelers and cross-border shoppers
  • Lucrative rewards system
  • Rebates on flights
  • Protection for travel and purchases
Apply Now Full Review
Why we like it

The Amex Business Gold Rewards Card is a solid addition your wallet if you are a small-business owner who wants to get rewarded for business or family travel. It offers great returns for business expenses with 4x points on two categories of choice. And if you regularly make FedEx purchases, the limited-time bonus offer alone exceeds the annual fee of the first year.

Why We Like It:

  • Welcome bonus - Earn a Welcome Bonus of 50,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership
  • Value-added rewards for travelers and cross-border shoppers This rewards card provides up to 4x points per dollar spent on your top two categories, including airfare as well as purchases made in the US for gas, restaurants, shipping, and advertising.
  • Lucrative rewards system - When maximized, the current reward system will give you approximately 600,000 points a year.
  • Rebates on flights - Get 25% of your points back (up to 250,000 points annually) when you redeem points to book flights via Amex Travel.
  • Protection for travel and purchases - It offers a wide range of travel insurance and purchase protection, including automatic extended warranty, purchase protection and return protection for store and online purchases.
Credit Card snapshot
WELCOME BONUS

  • Earn a Welcome Bonus of 50,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership

MAXIMIZE CASH FLOW
  • You can maximize your cash flow with up to 55 interest free days. Use the Card throughout the month for all of your everyday business expenses, and earn reward points while you're at it

  • Earn 1 point for every dollar in purchases charged to the Card. Plus, there is an easy, convenient way to get more out of your Membership Rewards® points - simply charge an eligible purchase to your card. Then you can redeem points for a statement credit

DYNAMIC PURCHASING POWER
  • Take advantage of purchasing power that grows with your business. With this Card, your purchasing power adjusts dynamically with your Card usage, and can grow over time, as long as you make your payments on time and maintain a good credit history

  • Make the most of a suite of business management tools that give you more control over your business - anytime and anywhere

  • As a Charge Card, the balance must always be paid in full each month. 30% annual interest rate applies to balances not paid in full. Payments must be received and processed by the date of the next monthly statement to avoid interest charges

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. Conditions apply
Details
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?
  • Free hotel stays
  • Loyalty rewards
  • Airline conversion
  • Shopping and travel protection
  • No foreign transaction fees
  • Upgraded status
Apply Now Full Review
Why we like it

While geared towards hotel rewards, the Marriott Bonvoy Amex Credit Card is also a great card for travelers with a multitude of redemption options as well as valuable travel and shopping benefits. The free hotel stays are enough to pay for the annual fee. And when combined with the flexible travel points, this credit card is one of the best choices for both hotel and travel benefits.

 

 

  • Welcome bonus- New Marriott Bonvoy™ American Express® Cardmembers, earn 65,000 welcome bonus points after you charge $3,000 in net purchases to your Card in your first 6 months of Cardmembership
  • Free hotel stays – Points can be redeemed for free nights with no blackout dates at more than 7,000 affiliated hotels. Plus, this credit card gives you a Free Night Award every year after your membership anniversary.
  • Loyalty rewards – Earn 6x base points per dollar at Marriott-affiliated properties when you use the card and 11x base points per dollar for being a Marriott member. This gives you 17x points per dollar or more!
  • Airline conversion – Points are transferrable to more than 40 airlines.
  • Shopping and travel protection – Get protected against travel emergencies and accidents, car rental theft and damage, flight and baggage delay, and hotel or motel burglary.
  • No foreign transaction fees – Perfect for online and overseas purchases.
  • Upgraded status – Get complimentary Silver Elite Member Status or a fast track to Gold Elite status by spending $30,000 in a calendar year.
Credit Card snapshot

Review of Marriott BonvoyTM American Express®

WELCOME BONUS OFFER

  • Earn up to 105,000 Marriott Bonvoy™ points:
  • New Marriott Bonvoy™ American Express® Cardmembers, earn 65,000 welcome bonus points after you charge $3,000 in net purchases to your Card in your first 6 months of Cardmembership
  • Plus, earn a total of 5X the points on eligible eats & drinks purchases in Canada for the first 6 months of Cardmembership, up to a maximum of 25,000 points
  • You can also earn 15,000 points when you make a purchase between 14 to 17 months of Cardmembership
  • Apply by August 3, 2021 to take advantage of this offer

ANNUAL FREE NIGHT AWARD
Receive an Annual Free Night Award4 after your anniversary each year 

  • Earn 5 points for every $1 in eligible Card purchases at participating Marriott Bonvoy properties

  • Earn 2 points for every $1 in all other Card purchases

    American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details, current product information and Terms and Conditions, click the Apply now link. Conditions Apply
Details
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Average to Excellent
Why we like it?
  • Potential to earn 10,000 Membership Reward points
  • Points can be redeemed towards eligible purchases to reduce credit card bill
  • Early access to concerts and other events
Apply Now Full Review
Why we like it

American Express - Choice Card

  • Welcome bonus: Earn 10,000 Bonus Membership Rewards® points when you charge $1,000 in purchases to your Card in your first three months of Cardmembership
  • Cardholders earn one Membership Reward point for every $1 spent with the card
  • Points can be redeemed toward eligible card purchases, such as groceries, dining out, and streaming services
  • Front of the Line ticket access for concerts, dining, film, and other experiences with American Express Invites
The American Express Choice Card is a points card that comes with a variety of benefits. Members receive points on every purchase and can redeem them for bill credits, gift cards, travel purchases, and eligible purchases on Amazon.ca. The card also includes special access to concerts, dining, and other experiences. As with all American Express cards, the Choice Card comes with 24/7 access to customer care, fraud protection, and emergency card replacements when needed.
Credit Card snapshot
Choice Card from American Express™ Review

WELCOME BONUS OFFER

New Choice Card from American ExpressTM   Cardmembers, earn a Welcome Bonus of 10,000 Membership Rewards points when you charge $1,000 in purchases to your Card in the first 3 months of Cardmembership

EARN RATE
Earn 1 point for every $1 in Card purchases.3

Charge an eligible purchase to your Card and redeem your Membership Rewards points for a statement credit (All eligible purchases: 1,000 points = $10 statement credit)

Earn Points

Get rewarded on things you love.
  • Earn 1x the points on Card purchases3
 
Redeem Points

With your Choice Card from American ExpressTM, you can redeem your points for great rewards.
  • From groceries, streaming services, eats & drinks to travel – you can redeem your points towards eligible Card purchases

COVER YOUR CARD PURCHASES WITH POINTS

Charge an eligible purchase to your Card and redeem your Membership Rewards points for a statement credit (Eligible travel purchases: 1,000 points = $10 statement credit. All other eligible purchases: 1,000 points = $7 statement credit).5


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. Conditions apply

Author Bio

User
Mohamed Konate

Mohamed Konate is a personal finance expert, blogger, and marketing consultant based out of Toronto. He is a former financial services professional who worked for many years at major Canadian financial institutions where he managed the marketing strategy around various financial products ranging from credit cards to lines of credit. Mohamed is passionate about personal finance and holds a Bachelor in Business Administration from the University of Quebec (Montreal) and a Master in International Business from the University of Sherbrooke (Quebec).He is also the author of the Canadian Credit Card Guidebook.