My Rate Compass

Best Amex Bank of Canada Credit Cards in Canada for 2020

 
Welcome Bonus
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • Generous first-year rewards
  • Redeem anything you want
  • Transferability of points
  • Monthly fee
  • Free supplementary card
Why we like it

While geared towards young people, the American Express CobaltTM 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.
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American Express Cobalt™ Card review


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:

  • An eligible short-haul flight using the Fixed Points Travel Program, or
  • $300 in statement credits redeemed towards travel purchases charged to your Card or
  • $300 worth of tickets on Ticketmaster.ca
  • Earn 5 points for every $1 spent on Card purchases at eligible restaurants, bars, grocery stores and food delivery in Canada
  • 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
  • Get advance access to tickets to some of the hottest concerts, shows and events through Front Of The Line® by American Express Invites® and advance screenings to blockbuster movies

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

Welcome Bonus
Annual Fee: $99
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • High cashback rewards
  • Complete suite of insurance and protection plans
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.
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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

 

Welcome Bonus
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?

 

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

If you’re looking for a basic cash back credit card - this could be an ideal option for you! With no annual fee, earn 1.25% cash back, obtain basic insurance and access to American Express special events. This is an ideal credit card for individuals wanting to build credit 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. Cardholders earn 2.5% cash back on all purchases in their first three months of ownership. Earnings cap at $150 - still a lot to earn while you spend!
  • 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.
  • Basic Insurance Coverage. Travel accident, buyer’s assurance and purchase protection insurance comes with card ownership.
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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 Card from American Express Cardmembers can earn 2.5 percent cash back on purchases (up to $150 cashback) for the first 3 months of Cardmembership
  • Earn 1.25% cash back on purchases when your Welcome Rate ends

    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

Welcome Bonus
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?

  • No Annual Fee.
  • Earn Air Miles.
  • Travel and Shopping Insurance.
  • Entertainment Exclusive Offers
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.
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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!
Welcome Bonus
Annual Fee: $120
Purchases Interest Rate: 20.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • Generous welcome bonus
  • Wide variety of rewards
  • Sufficient travel and shopping insurance
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 $210 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.
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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 for a select flight


    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

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Welcome Bonus
Annual Fee: $150
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • Bonus Offer
  • Earn While You Spend
  • Travel Perks
  • Travel Insurance
Why we like it

For the avid traveller, this credit card has everything you need, including special travel offers and insurance. The card has an annual fee of $150, but you definitely get your money's worth. Even if you have a period of no travel, you can redeem your points for statement credits or transfer them to another loyalty program for future use. You can also bank them for your next trip!

 

  • Bonus Offer. When you spend $1,500 on this credit card within the first three months of ownership, you’ll obtain 25,000 bonus points.
  • Earn While You Spend. For every dollar spent on eligible travel and everyday purchases, earn 2 points. For every dollar spent elsewhere, earn 1 point.
  • Travel Perks. Gain access to American Express’ hotel collection and special offers from Hertz car rental with this credit card.
  • Travel Insurance. Enjoy your vacation worry free with ample insurance coverage including trip interruption, car rental theft and damage, flight delay and much more.
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WELCOME BONUS OFFER

New American Express Gold Rewards Cardmembers, earn a Welcome Bonus of 25,000 Membership Rewards points when you charge $1,500 in purchases to your Card in your first 3 months of Cardmembership.

Rewards

Travel wherever, whenever, however you want.

Earn 2 points for every $1 in Card purchases on eligible travel and everyday purchases

Earn 1 point for every $1 in Card purchases everywhere else

Earn 1 additional Membership Rewards point for every $1 you charge to your American Express Gold Rewards Card on eligible hotel or car rental bookings made with American Express Travel at americanexpress.ca/travel.

Welcome Bonus
Annual Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 22.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • Better bonus offer
  • Value-added rewards for travelers and cross-border shoppers
  • Lucrative rewards system
  • Rebates on flights
  • Protection for travel and purchases
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:

  • Better bonus offer For a limited time, this Canadian business Amex card offers up to $500 in statement credit in your 1st three months on FedEx purchases (worth more than the annual fee of $295).
  • 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.
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WELCOME BONUS

Earn a Welcome Bonus of 30,000 points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership.


DYNAMIC PURCHASING POWER

Use your Card for all your business purchases and enjoy purchasing power that adjusts dynamically with your Card usage and can grow over time if you pay on time and maintain a good credit history.

MAXIMIZE CASH FLOW

With up to 55 interest free days, you can maximize your cash flow. Plus, take advantage of purchasing power that grows with your business.
Welcome Bonus
Annual Fee: $120
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%
Recommended Credit Score
Poor / No Credit
Fair / Average
Good / Excellent
Why we like it?
  • Free hotel stays
  • Loyalty rewards
  • Airline conversion
  • Shopping and travel protection
  • No foreign transaction fees
  • Upgraded status
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.

 

 

  • 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.
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Review of Marriott BonvoyTM American Express®

WELCOME BONUS OFFER

New Marriott BonvoyTMAmerican Express® Card Cardmembers, earn 50,000 Welcome Bonus points after you charge $1,500 in purchases to your Card in your first three months of Cardmembership1. Offer subject to change at any time

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