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.
- Money.caFor those who are having difficulty paying off their purchase balance and want a tool that doesn’t make it so painful, there are few better options than the one offered by American Express with their American Express EssentialTM Credit Card. A low regular rate gives cardholders a break from the high...
- GreedyRates.caFor those who are having difficulty paying off their purchase balance and want a tool that doesn’t make it so painful, there are few better options than the one offered by American Express with their American Express EssentialTM Credit Card. A low regular rate gives cardholders a break from the high...
- Barry Choi, Money We HaveMy American Express Essential credit card review is positive. The card is aimed at people who typically carry a balance and want to have a lower interest rate. The included American Express Invites is a perk that is often overlooked, but cardholders will love it.
- creditcardGeniusGetting on top of credit card debt is difficult, but hopefully, with cards like the American Express Essential, it can be a little easier. You max your savings with a 12.99% interest rate that doesn’t depend on your credit score. You either qualify or you don’t - no bait and switch with low teaser r...
- Dominic Licorish, LowestRates.caFor those who want to make the most out of their everyday shopping, the lack of rewards or cash back make the American Express Essential credit card an unattractive choice as a primary card. On the other hand, it can work well as a secondary card.
Interest Rates | |
---|---|
Regular APR Interest Rate | 12.99% |
Balance Transfer Interest Rate | 12.99% |
Cash Advance Interest Rate | 12.99% |
Rates & Fees | |
Annual Fee | $25.00 |
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 | No |
Rewards | |
All Purchases | No |
Restaurants | No |
Gas | No |
Groceries | No |
Hotels | No |
Travel | No |
Pharmacy | No |
Bills | No |
Features & Benefits | |
Additional Card Holders | Yes |
Travel Accident Insurance | Yes |
Car Rental Insurance | No |
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 |
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 | $15,000 per year |
Temporary Residents | No |
More | |
Additional comments | - |
Terms & Conditions | Official Terms & Conditions |
Suggest a correction |
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