It’s always exciting to see a new credit card drop, especially when the product offers an outsized rewards earning opportunity while keeping the annual fee low. A few years ago, the American Express Cobalt™ Card truly captured the imagination of Canadians looking for a travel credit card. This time around, Amex Canada is set to do the same with an everyday rewards Business Credit Card – with the new American Express Business Edge™ Card you can earn up to 42,000 Membership Rewards® bonus points (within the Select Tier) in your first year of Cardmembership, which includes a monthly bonus for meeting a spend minimum. Without further ado, let’s dive into the American Express Business Edge Card Review;
American Express Business Edge™ Card Review – Apply Now
- Annual Fee: $99 (may be tax deductible). No fee for supplementary cards
- Welcome Bonus: 30,000 Membership Rewards® points (Charge $5,000 in purchases in your first three months)
- Monthly Bonus: Additional 1,000 bonus points each month that you spend $3,000
- Earning Rate: Similar to the Amex Cobalt Card, the Business Edge Card will earn Membership Rewards points* (within the Select Tier);
- 3x the points on eligible Eats & Drinks
- 3x the points on eligible Rides & Gas
- 3x the points on eligible Office Supplies & Electronics
*Up to a maximum of 75,000 points, and then earn 1x the points on all other purchases.
- Other Key Benefits:
- Comprehensive Insurance coverage on;
- Employee Card Misuse Protection
- Car Rental Theft and Damage
- Purchase Protection® Plan
- Buyer’s Assurance® Protection Plan
- Comprehensive Insurance coverage on;
- Redeeming Membership Rewards points (within the Select Tier )
- Transfer MR points to the Hilton Honors (1:1) and Marriott Bonvoy™ (1:1.2) loyalty programs
- Redeem with Fixed Points Travel Program:
- Redeem points for statement credits to offset any eligible purchase charged to your Card.
- Choice and flexibility by using points for purchases or redeeming them for a wide range of travel, dining, entertainment and retail rewards options.
- Shop with Points at Amazon.ca.
Detailed list of benefits and perks of the card are listed here
Take Away
If I assume a monthly business expense of $3,000 in the 3x category, the Amex Business Edge Card can yield 9,000 MR points each month, or 128,000 points a year. Here’s the breakdown;
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- 3X Earn: Up to $25K in spend = 75K points
- 1X Earn: Remainder ($36K-$25K) $11K x 1= 11K points
- Welcome Bonus: 30K points
- Monthly Spend Bonus: (1K/mth x 12) = 12K points
128,000 points is an incredible return on a $99 annual fee card. This maybe the new go-to card for small business owners looking to earn meaningful rewards.
Title Image Source: American Express