Card Details

Bank Name: American Express
Network Type: Amex
Card Type: Business
MRC Rating My Rate Compass's ratings are determined by our editorial team. Our editors rate credit cards objectively based on the benefits and features the credit card offers, interest rates, the fees, and how a credit card compares with other cards in its category.: (4.4)

Fees

Annual Fee: $99
Additional Card Fee: $0
Purchases Interest Rate: 19.99%
Cash Advance Interest Rate: 21.99%

Eligibility

  • You're a Canadian resident
  • You've reached the age of majority in your province or territory

Recommended Credit Score

Excellent (740-900)

American Express Business Edge™ Card Review

Welcome Bonus: Earn up to 57,000 Membership Rewards® bonus points
Apply Now On American Express's Secure Website
 
American Express Business Edge™ Card snapshot

American Express Business Edge Card


WELCOME BONUS

 Earn up to 57,000 Membership Rewards® bonus points in your first year of Cardmembership

  • Get choice and flexibility by using points for purchases or redeeming them for a wide range of travel, dining, entertainment and retail rewards options

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

  • Leverage your cash flow with the option of carrying a balance or paying in full each month

 
EARN 3X THE POINTS ON YOUR EVERYDAY BUSINESS SPEND
You can earn 3 times the points for Card purchases on eligible business essentials including office supplies & electronics, rides & gas, and eats & drinks.


MONTHLY BONUS POINTS
Up to 12,000 Bonus points Annually: You can earn 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card. This could add up to 12,000 points in a year


EARN 1X THE POINTS ON EVERYTHING ELSE
You can earn 1 times the points on all other purchases charged to the Card


EARNING POINTS
  • Earn 3 times the points for Card purchases on eligible business essentials including;
  • 3X the points on Eats & Drinks
  • 3X the points on Rides & Gas
  • 3X the points on Office Supplies & Electronics
  • Up to a maximum of 75,000 points, and then earn 1X the points on other purchases
As an added benefit of being the Basic Cardmember, you could earn more by referring a friend. For each approved referral you could earn a referral bonus of 5,000 points.

REDEEMING POINTS

Get choice and flexibility with a wide range of travel, dining, entertainment and retail rewards options.
    • Use points to book flights within Canada or to anywhere in the world with a fixed number of points.
    • Redeem points for statement credits to offset any eligible purchase charged to your Card.
    • Use points to pay for your Amazon.ca purchases at checkout.
    • Use points for a wide range of gift cards and merchandise.


      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

 

American Express Business Edge™ Card Rewards
Categories cash back earn rate
1
American Express Business Edge™ Card Features
Priority airport services
No
Airport lounge access
No
Concierge service
No
Balance protection(Optional)
No
Purchase Security & Extended Protection Insurance
Yes
Flight delay insurance,Baggage Insurance
No
Vehicule rental insurance
Yes
Travel accident insurance
No
Travel medical insurance
No
American Express Business Edge™ Card User Reviews
Total Reviews: 0

Rating: 1 2 3 4 5 ( 4 )

Application Experience: 1 2 3 4 5

Rewards/Features: 1 2 3 4 5

Customer Service: 1 2 3 4 5

Convenience: 1 2 3 4 5

Likelihood to recommend: 1 2 3 4 5

 

Advantages:


Employee Card Misuse Protection

Your American Express Business Edge Card may be covered for eligible unauthorized charges if you terminate the employee and cancel their Supplementary Card within 2 business days. Employee Card Misuse Protection is a benefit created specifically for business owners and it provides coverage of up to $100,000 per Basic Cardmember in the event an employee misuses their Supplementary Card for unauthorized charges.
 

Editor`s Review:


As the name of this credit card implies, this card is designed for the unique, modern needs of business owners. Card holders earn three times the points for purchases made on essential business expenditures, such as office supplies, electronics, food, drinks, transportation and gas. For all other purchases, regular points are earned. As you can see, this card ensures that business owners easily earn points where ever it is they spend.

 

When you get this credit card, AMEX will greet you with 57,000 bonus points when you spend $5,000 or more on the credit card within the first three months of card membership. 

 

All of these perks are fantastic and the cost is a reasonable $99 per year. Additional cards come with no annual fee which means that your coworkers can obtain a card free of charge while contributing to your points balance and paying for necessary business expenses. Card holders also benefit from being able to pay off their balance at any time, insurance, Front of the Line access and custom business tools. After you've earned a healthy points balance, you can redeem them for travel, dining, entertainment, retail and merchandise purchases, among many others.

 

The only disadvantage to this credit card is that it is not as widely accepted as Visa or Mastercard. However, this usually is not a huge disadvantage to most businesses since they typically have more than one credit card available for use on top of other payment methods.?

 

All in all, the American Express Business Edge credit card is an excellent choice for small business owners and entrepreneurs. Points can be earned and redeemed on a wide array of things which gives you the best of both worlds. Finally, this credit card is an optimal choice if your business is new to credit cards and you don?t want to make a big commitment just yet!

Apply Now On American Express's Secure Website

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Click on the user reviews tab above to leave a review

 

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.