Overview Of The Very Rewarding AMEX Small Business Credit Cards In Canada

We’ve talked a lot about regular (“personal” or “consumer”) credit cards, but there are also a few cards for small businesses. Those issued by American Express offer some of the most valuable welcome bonuses in Canada (like with regular cards), and they are available to anyone who has any type (and any amount) of independent income or side income. 

In short, if you have any income that isn’t from an employee salary, you can get these credit cards for businesses. That means that entrepreneurs, freelancers, self-employed workers, etc. have even more potential to earn free travel! You simply enter your full name as the legal name of your business in the application.

No, contrary to the widespread myth, to get an AMEX small business card, you do not need to be incorporated as a business and you do not even need to be self-employed full-time. You could occasionally resell merchandise online for example.

The welcome bonuses for business credit cards are very high, but some of them come with higher minimum spend requirements than regular consumer cards. So that’s sometimes the main obstacle, as it can be a bit more difficult to reach them, even with our tips.

 

The best AMEX small business cards in Canada

Here are the 3 best AMEX small business cards worth considering at the moment:

 

Marriott Bonvoy™ Business American Express® Card (≈$327 in free travel)

Why the Marriott Bonvoy™ Business Card is great:

  • Welcome Bonus: 50,000 Marriott Points after spending $1,500 in 3 months
  • Worth: ≈$327 in free travel
  • Points: can only be used for Marriott hotels (or transferred to airlines)
  • Bonus earn rate: 5 points per dollar (≈4.5% back) on Marriott hotels
  • Bonus earn rate: 3 points per dollar (≈2.7% back) on gas, dining, and travel
  • Regular earn rate: 2 points per dollar (≈1.8% back) everywhere else
  • Annual free night certificate for a luxury hotel after each card renewal

The best option for those who want more Marriott Points and on more very valuable free night certificate. And for those who aren’t able to reach the higher minimum spends on the other cards… since this one only requires the standard $1,500 amount.

Apply for the Marriott Bonvoy™ Business American Express® Card

Details of the free ≈$327:

  • $450 welcome bonus (50,000 Marriott points at ≈ 0.9¢ per point)
  • $27 earn rate on minimum spend ($1,500 at 2 pts per dollar)
  • ($150) card fee
  • $327 in free travel with the Marriott Bonvoy™ Business Card

 

American Express Business Edge™ Card (≈$387 in free travel)

Why the AMEX Business Edge™ Card is great:

  • Welcome Bonus: 30,000 AMEX MR Select Points after spending $5,000 in 3 months
  • Worth: $351 in free travel (AMEX Points) or ≈$387 in free travel (Marriott transfer)
  • Points: a simple fixed-value travel credit for any travel expense (or Marriott points)
  • Bonus earn rate: 3 points per dollar (3% – ≈3.2% back) on eats & drinks, rides & gas, and office supplies & electronics
  • Regular earn rate: 1 point per dollar (1% – ≈1.1% back) everywhere else
  • Additional spend bonus of 1,000 Points per month if you spend $3,000/month (the first year)

This is the best option for those who want an easy travel credit and the best overall value. And the best overall earn rate too. You can also transfer these points to Marriott at a 1:1.2 ratio for even more potential value.

Apply for the American Express Business Edge™ Card

Details of the free ≈$387 (when transferred to Marriott):

  • $324 welcome bonus (30,000 AMEX points at 1.08¢ per point)
  • $162 earn rate on minimum spend ($5,000 at 3 pts per dollar)
  • ($99) card fee
  • $387 in free travel with the Business Edge™ Card

Details of the free $351 (as a simple fixed-value travel credit):

  • $300 welcome bonus (30,000 AMEX Select points at 1¢ per point)
  • $150 earn rate on minimum spend ($5,000 at 3 pts per dollar)
  • ($99) card fee
  • $351 in free travel with the Business Edge™ Card

 

American Express® Business Gold Rewards Card (≈ $275 in free travel)

Why the AMEX Business Gold Rewards Card is great:

  • Welcome Bonus: 30,000 AMEX MR Points after spending $5,000 in 3 months
  • Worth: ≈$275 in free travel
  • Points: transferrable to Aeroplan 1-to-1, or lower value simple travel credit
  • Regular earn rate: 1 point per dollar (≈1.5% back) everywhere
  • Bonus earn rate: 2 points per dollar (≈3% back) on 3 suppliers chosen among a list
  • Plastiq is one of the suppliers, for a high potential of Aeroplan Miles

The best option for those who want more Aeroplan Miles. And for those who have a lot of expenses that aren’t normally payable with credit cards (as you can pay them with Plastiq and earn points profitably).

Apply for the American Express® Business Gold Rewards Card

Details of the free ≈$275:

  • $450 welcome bonus (30,000 AMEX points at ≈1.5¢ per point)
  • $75 earn rate on minimum spend ($5,000 at 1 pt per dollar)
  • ($250) card fee
  • $275 in free travel with the AMEX Business Gold Rewards Card

 

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Summary

The American Express small business cards are a great way to earn even more travel rewards points.

Have any questions about AMEX small business cards? Ask us in the comments below.

 

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Featured image: coworking space (photo credit: Shridhar Gupta)

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Andrew D'Amours

Andrew is the co-founder of Flytrippers. He is passionate about traveling the world but also, as a former management consultant, about the travel industry itself. He shares his experiences to help you save money on travel. As a very cost-conscious traveler, he loves finding deals and getting free travel thanks to travel rewards points... to help him visit every country in the world (current count: 61/193 Countries, 46/50 US States & 9/10 Canadian Provinces).

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