Banks
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

American Express Canada

Advertiser Disclosure

About bank

American Express Canada, operating as Amex Canada Inc. and Amex Bank of Canada, has a rich history dating back to 1853 when it first established offices in Toronto and Hamilton. Today, it stands as a prominent financial services provider in Canada, offering a wide range of personal and business solutions. With approximately 1,600 employees across its operations, American Express Canada serves Canadian residents with innovative payment, travel, and expense management solutions, catering to both individual consumers and businesses alike.

As a member of the Canadian Bankers Association (CBA) and a registered member of the Canada Deposit Insurance Corporation (CDIC), American Express Canada operates within the regulatory framework of the country's banking sector. Over the years, it has evolved to become a trusted partner for Canadians seeking financial flexibility, rewards, and convenience. With its commitment to providing access to products, insights, and experiences that enrich lives and drive business success, American Express Canada continues to play a significant role in the financial landscape of the country.

American Express Canada

Key features

  1. Membership Rewards® Program. Rewarding cardmembers for their spending with a versatile rewards program.

  2. Flexible Rewards Cards. Providing options such as cash back on net purchases, travel rewards, and more.

  3. Co-Branded Cards. Partnering with leading brands to offer specialized benefits and rewards.

  4. Insurance Options. Providing peace of mind with insurance coverage options for cardmembers.

Pros and cons

Pros

Rewards Points. You have the opportunity to accumulate Membership Rewards points for qualifying consumer transactions made at American Express retail outlets in the following manner: Earn 1 point for each $1 spent on all your eligible purchases charged to your Card. Points accrue on eligible purchases, excluding returns and other credited amounts, as long as your account remains in good standing.

Premium Benefits. Many American Express cards come with premium perks such as travel insurance, airport lounge access, purchase protection, and concierge services, enhancing the overall cardholder experience.

Acceptance Network. American Express accepted at merchants across Canada and around the world.

Cons

Annual Fee. Some American Express cards may come with annual fees, which could be a deterrent for individuals seeking a no-fee credit card option.

Limited Acceptance. While American Express cards are widely accepted, there are still some merchants, particularly smaller businesses, that may not accept American Express, limiting cardmember spending options in certain instances.

Foreign Transaction Fees. For transactions made in foreign currencies, American Express may charge foreign transaction fees, which could increase the cost of international purchases for members.

American Express requirements

  1. Canadian Residency. Applicant must be a Canadian resident with a valid Canadian credit file to be eligible for an American Express card.

  2. Age Requirement. Applicants must be of the age of majority in their respective province or territory of residence.

  3. Additional Criteria. Certain American Express cards may have specific eligibility criteria beyond residency and age requirements. Applicants may be required to provide employment details, annual income information, and bank account details during the application process.

  4. Personal Information. Applicants are required to provide personal information such as their current address, email address, and a mobile or home phone number.

  5. Financial Information. Financial details including annual income, employment information (including a work contact phone number), and other sources of income must be provided during the application process.

Access on the go

  1. Online Banking. American Express offers robust online banking services, allowing cardmembers to access their accounts securely from any internet-enabled device. Through the online portal, users can view account balances, track transactions, make payments, set up alerts, and manage account preferences with ease. The intuitive interface ensures a user-friendly experience, enabling customers to stay in control of their finances conveniently from anywhere with an internet connection.

  2. Mobile App. The American Express mobile app further enhances accessibility by providing on-the-go account management capabilities. Available for both iOS and Android devices, the app enables cardmembers to perform a wide range of tasks conveniently from their smartphones or tablets. From checking account activity to making payments, redeeming rewards, and even locating nearby ATMs, the app puts the power of American Express in the palm of the user's hand. With features like fingerprint or face ID authentication, the app prioritizes security while delivering a seamless and intuitive user experience.

  3. ATM Access. For cash withdrawals and other banking needs, American Express cardmembers can utilize a vast network of ATMs conveniently located across Canada and around the world. Whether accessing funds for everyday expenses or traveling abroad, cardholders can rely on American Express to provide easy access to cash when and where they need it. Plus, with access to a wide network of partner ATMs, users can enjoy fee-free transactions and enhanced convenience.

American Express products

  1. Credit Cards. American Express offers a diverse range of credit cards tailored to suit various lifestyles and financial needs. From cash back cards to travel rewards cards and premium cards with exclusive benefits, there's a card option for every type of spender.

  2. Charge Cards. In addition to credit cards, American Express provides charge cards that require the full balance to be paid off each month. These cards offer financial flexibility without accruing interest charges, making them ideal for individuals who prefer to pay their balance in full monthly.

  3. Small Business Cards. American Express offers specialized credit card solutions designed to meet the unique needs of small businesses. These cards often come with features such as expense management tools, employee cards, and rewards programs tailored to business spending.

  4. Corporate Cards. For larger corporations and businesses, American Express provides corporate card solutions to streamline expense management and provide additional benefits such as travel insurance, corporate discounts, and centralized billing.

  5. Gift Cards. American Express Gift Cards offer a flexible and convenient gifting solution for any occasion. Recipients can use the card to make purchases wherever American Express is accepted, providing the freedom to choose their own gifts.

American Express services

  1. Membership Rewards® Program. American Express offers a comprehensive rewards program that allows any American Express cardmember to earn points on eligible purchases. These points can be redeemed for travel, merchandise, gift cards, statement credits, and more, providing flexibility and value.

  2. Travel Services. American Express provides a range of travel-related services, including booking flights, hotels, car rentals, and vacation packages. Cardmembers may also enjoy access to exclusive travel perks such as airport lounge access, travel insurance, and concierge services.

  3. Financial Management Tools. American Express offers online banking services and mobile apps that enable cardmembers to manage their accounts, track spending, make payments, and set up alerts. These tools provide convenience and security for users to stay on top of their finances.

  4. Merchant Services. American Express provides merchant services to businesses, including payment processing solutions, analytics, and marketing tools. Merchants can accept American Express cards and benefit from access to a network of cardmembers worldwide.

  5. Customer Support. American Express offers dedicated customer support services to assist cardmembers with inquiries, disputes, account management, and more. Whether via phone, online chat, or email, customer support representatives are available to provide assistance and guidance whenever needed.

Which associations does American Express belong to?

  1. Canadian Bankers Association (CBA). American Express is a member of the Canadian Bankers Association, which represents domestic and foreign banks operating in Canada.

  2. Canada Deposit Insurance Corporation (CDIC). American Express is a registered member of the Canada Deposit Insurance Corporation, which provides deposit insurance to eligible deposits at member institutions.

American Express reliability

American Express has established itself as a reliable financial services provider, offering a range of products and services to individuals and businesses alike. With a history dating back to 1853 and a strong presence in Canada, American Express has built a reputation for trustworthiness and integrity in the financial industry. Its membership in reputable associations such as the Canadian Bankers Association and the Canada Deposit Insurance Corporation further underscores its commitment to reliability and adherence to industry standards. While occasional incidents may occur, American Express has consistently demonstrated its ability to address issues promptly and maintain a high level of service quality, contributing to its reputation as a dependable partner for financial needs.

Editorial opinion

American Express Canada, operating as Amex Canada Inc. and Amex Bank of Canada, presents a robust suite of financial products and services catering to the diverse needs of consumers and businesses. With a longstanding history dating back to 1853 and a commitment to innovation, American Express Canada has solidified its position as a prominent player in the Canadian financial landscape. While its offerings and rewards programs are often lauded by cardmembers, occasional concerns regarding acceptance and fees may arise. However, its proactive approach to addressing customer needs and its emphasis on transparency contribute to its overall positive reputation in the market.

Additional resources

Sources

FAQ

Is it worth getting an American Express credit card in Canada?

Whether obtaining an American Express card in Canada is worthwhile depends on individual financial habits, spending patterns, and lifestyle preferences. American Express offers a variety of cards with unique benefits, including rewards programs, travel perks, and premium services. For those who frequently make eligible purchases, such as travel, dining, and entertainment, an American Express card can provide significant value through rewards points, for example cashback for eligible grocery store purchases, eligible gas station purchases or eligible streaming subscriptions, statement credit, and other perks. However, potential applicants should also consider factors such as annual fees, acceptance rates, and interest rates on monthly billing period to determine if the benefits align with their financial goals and spending habits.

How much income do you need for American Express in Canada?

The income requirements for obtaining an American Express card in Canada vary depending on the specific card and its associated benefits. While some cards may have minimum income thresholds, others may not have explicit income requirements but may consider factors such as credit history, debt-to-income ratio, and overall financial stability during the application process. Generally, American Express Canada evaluates each application on a case-by-case basis to ensure that cardholders can responsibly manage credit and meet their financial obligations.

Is American Express a hard card to get?

Whether American Express is considered a challenging card to obtain in Canada depends on individual creditworthiness and financial circumstances. While American Express may have slightly stricter approval criteria compared to some other card issuers, it is not necessarily "hard" to get an American Express card if applicants have a good credit score, stable income, and a clean credit history. Additionally, American Express offers a variety of cards catering to different credit profiles, making it possible for individuals with varying financial backgrounds to find a suitable card option. Applicants can improve their chances of approval by maintaining a healthy credit profile, managing debt responsibly, and ensuring that they meet the eligibility criteria specified for the card they wish to apply for.

Company documents

Code of Conduct for the Delivery of Banking Services to Seniors

American Express is a global services company, providing customers with access to products, insights and experiences that enrich lives and build business success. We make it easier, safer and more rewarding for consumers and businesses to purchase the things they need and for merchants to sell their goods and services through innovative payment, travel and expense management solutions.

© American Express Company
Financial products
American Express Canada
American Express® AIR MILES® Gold Business Card
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
American Express Canada
American Express® AIR MILES® for Business Card
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
American Express Canada
Marriott Bonvoy® Business American Express® Card
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 30%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

16.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 30%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

12.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.09%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

30%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 21.99%
aggregation.company.all-products
Similar products
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.75% - 21.49%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

19.99% - 22.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
from $5,000
Rate
i

Effective interest rate on the product

19.99% - 22.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

20.99% - 22.99%
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
Rate
i

Effective interest rate on the product

21.99% - 22.99%
Your comment has been added
Error
Your complaint has been recorded
Invalid username or password
comment.alert.error-reg
Please log in to like/dislike
Invalid SMS code has been entered
All American Express Canada’s reviews by june 2024
Leave feedback
Similar companies
EQ Bank
30 St. Clair Avenue West, Suite 700 Toronto, ON, M4V 3A1
1 (844) 437-22-65
Fairstone Bank
33 Yonge Street, Suite 810 Toronto, Ontario Canada M5E 1G4
+1 (833) 461-29-00
Digital Commerce Bank
736 Meridian Road NE Calgary, Alberta T2A 2N7
+1 (844) 836-60-40
Simplii Financial
161 Bay St., Toronto, ON M5J 2S8
+1 (888) 723-88-81
Motusbank
Toronto, Ontario , 3280 Bloor Street West Centre Tower, 7th Floor Reception
+1 (833) 696-68-87