Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.
- Britt, PointsWiseIf you’re new to travel rewards programs in Canada, then think of this Card as an investment. The welcome bonus of 40,000 Aeroplan miles itself alone justify the cost of the annual fee, and with little effort, you’ll be able to redeem them for a couple short haul flights, or one long haul flight. Wi...
- creditcardGeniusThis card is worth it if you’re a big spender, want unfettered access to the Maple Leaf Lounge, or just want the sign up bonus* (up to 40,000 miles) that is worth about $1,000 in economy long haul flights within Canada and the USA.
- GreedyRates Team, GreedyRates.cahe great thing about American Express is that it doesn’t have ANY minimum income requirements, unlike the super-premium Mastercard and Visa credit cards, which require $200,000 of annual income.
Interest Rates | |
---|---|
Regular APR Interest Rate |
30% Interest rate only applies to balances not paid in full. |
Balance Transfer Interest Rate |
No interest charges because you pay your balance in full each month |
Cash Advance Interest Rate |
No interest charges because you pay your balance in full each month |
Rates & Fees | |
Annual Fee | $499.00 |
Balance Transfer Fee | |
Cash Advance Fee |
3% Minimum of $0.75 |
Foreign Transaction Fee |
2.5% Transactions made in a foreign currency will be converted and posted to your account in Canadian currency. |
Over Limit Fee | |
Late Payment Fee | |
Promotions | |
Sign up bonus |
40000 miles after spending $3,000 On purchases within the first 3 months. |
Rewards | |
All Purchases |
1.25 miles for $1 spent (on first $25000 spent) 1.5 miles for every $1 spent in purchases over $25,000 annually. |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
Features & Benefits | |
Additional Card Holders |
$199 per year for each card |
Travel Accident Insurance | Yes |
Car Rental Insurance | Yes |
Car Rental Discount | No |
Extended Warranty | Yes |
Purchase Protection | Yes |
Zero Liability | Yes |
No Foreign Transaction Fees | No |
Emergency Assistance | Yes |
Concierge Service | No |
Price Protection | No |
Fraud Protection | Yes |
Free Credit Scores | No |
Wireless Payments | Apple Pay |
Virtual Cards | No |
Additional Benefits |
|
Eligibility | |
Minimum Security Deposit | $0 |
Minimum Age |
18 years in AB, MB, ON, PE, QA, SK. 19 years in all other provinces. |
Minimum Personal Income | $40,000 per year |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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