American Express Business Edge™ Card review

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Advertiser Disclosure

Interest Rate: Purchases
19.99%
Balance Transfer
21.99%
Rewards
1 - 3 points
Signup Bonus
30000 points (after spending $5,000)


Am I eligible?


American Express Business Edge™ Card is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be at least 18 years of age (AB, MB, ON, PE, QA, SK). 19 in all other provinces.
Yes Be a permanent or temporary resident of Canada

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.

What the Critics Are Saying...


Rewards Canada

Taking what they learned from the consumer Cobalt Card from 2017 to 2019 American Express developed a similar card for the small business card that is a winner. At the original time of posting this review the American Express Business Edge card is the best small business credit card in the market fo...

- Rewards Canada

Details


Interest Rates
Regular APR Interest Rate 19.99%
Balance Transfer Interest Rate 21.99%

No interest charges because you pay your balance in full each month

Cash Advance Interest Rate 21.99%
Rates & Fees
Annual Fee $99.00
Balance Transfer Fee 3%

Maximum

Cash Advance Fee $2.75
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 $29.00
Late Payment Fee $0.00
Promotions
Sign up bonus 30000 points after spending $5,000

On purchases within the first 3 months.

Rewards
All Purchases 1 point per $1 spent
Restaurants 3 points per $1 spent
Gas 3 points per $1 spent
Groceries No
Hotels No
Travel 3 points per $1 spent

On local commuter transportation in Canada including subway, streetcar, taxi, limousine, and ride-sharing services

Pharmacy No
Bills No
Additional Details
  • Earn 3 points per $1 spent on Office Supplies & Electronics
  • Earn up to a maximum of 75,000 points on 3X categories, and then earn 1X the points on other purchases
  • Earn 1,000 Membership Rewards points for each monthly billing period in which you spend $3,000 in purchases on your Card
Features & Benefits
Additional Card Holders Yes
Travel Accident Insurance No
Car Rental Insurance Yes
Car Rental Discount No
Extended Warranty Yes
Purchase Protection Yes
Zero Liability Yes
No Foreign Transaction Fees No
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection Yes
Free Credit Scores No
Wireless Payments Apple Pay
Virtual Cards No
Additional Benefits
  • Business and expense management tools and resources
  • The flexibility to pay balances in full or over time
  • Employee Card Misuse Protection
  • American Express Invites
  • Emergency card replacement
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
Temporary Residents No
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Additional comments
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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Critic Reviews


Rewards Canada

Strong welcome bonus, very strong points earning rates

Rewards Canada

Taking what they learned from the consumer Cobalt Card from 2017 to 2019 American Express developed a similar card for the small business card that is a winner. At the original time of posting this review the American Express Business Edge card is the best small business credit card in the market...More

Taking what they learned from the consumer Cobalt Card from 2017 to 2019 American Express developed a similar card for the small business card that is a winner. At the original time of posting this review the American Express Business Edge card is the best small business credit card in the market for low to medium spending. Its elevated earn rates coupled with the most flexible redemption options from the Membership Rewards program make the card ideal for small businesses with 1 to 100 employees. Whether it is the only card you have for your business or if you make it part of a trio for your company's credit card portfolio (we always state you should have a Visa card, a Mastercard and an American Express card) it will help you keep track of your expenses all the while rewarding you and your business very handsomely.

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