Best American Express credit cards in Canada 2024

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Updated: June 21, 2024

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American Express has one of the top credit card rewards programs in Canada and best of all, they've made their cards more and more accessible to a wider range of consumers with reduced minimum income requirements, lower annual fees and interest rates. 

The higher interchange fees that Amex charges have historically resulted in Amex cards being declined by some merchants, but they are now more widely accepted in Canada than you might expect. Nonetheless we recommend that Canadians supplement one of the below cards with one of the best Visa credit cards  or best Mastercards in Canada to ensure that all their bases are covered.

See the top Amex Canada cards to find the best one for your lifestyle.

Summary of picks

Best American Express Credit Card by category

Best Amex credit cards Fast facts Get started
SimplyCash® Preferred Card from American Express ◦ Best for: cash back
Annual fee: $9.99/month (equals a total fee of $119.88 annually)
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Scotiabank Gold American Express® card Best for: travel rewards
Annual fee: $120
Apply now
Scotiabank American Express® Card Best for: No annual fee rewards card
Annual fee: $0
Apply now
SimplyCash® Card from American Express Best for: No annual fee cash back Amex
Annual fee: $0
Apply now
American Express Cobalt® Card Best for: Lifestyle rewards
Annual fee: $155.88 ($12.99 monthly fee)
Money.ca's pick for the best credit card in Canada
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The Platinum Card® Best for: Premium travel
Annual fee: $799
Apply now
American Express® Business EdgeTM Card Best for: Business
Annual fee: $99
Apply now
Best cash back

Best American Express cash back credit card

SimplyCash® Preferred Card

Apply now

up to $400

Excellent

Welcome Bonus of up to $400 in Statement Credits

Earn 4% cash back on gas in Canada.

4%

Earn 4% cash back on grocery purchases in Canada, up to $1,200 cash back per year.

4%

Earn 2% cash back on everything else with no limit.

2%

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$119.88

Recommended Credit Score

Excellent

Pros

  • Earn up to $400 in statement credits in first 10 months

  • Competitive cash back rates: Up to 4% on gas and groceries, and more

  • Refer-a-friend bonus up to $750 annually

  • Extra benefits like rental car insurance and travel accident coverage

  • Manufacturer's warranty doubled on purchases

Cons

  • $9.99/month fee ($119.88 annually)

  • Cash back redeemed annually in September

  • Requires spending $750 monthly for maximum bonus

  • Not all benefits may be relevant to all users

  • Limited to American Express acceptance

If you're looking for a great cash back credit card with a low annual fee, the SimplyCash® Preferred Card from American Express can fit your needs. New cardholders will appreciate the Welcome Offer. In your first 10 months as a new SimplyCash® Preferred Card from American Express card member, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to $400 in statement credits in the first 10 months. Conditions apply. As a secondary bonus, each approved friend that you refer to Amex grants you another $100 in direct cash back, up to a maximum of $1,500 cash back annually.

With this card, you can earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases. The card’s annual fee is worthwhile looking at these earn rates. Moreover, it wouldn’t be an Amex without a suite of great travel protections like emergency medical and travel accident insurance, or the inclusion access to events and special offers curated for card members with American Express® Experiences.

Main features:

  • Annual fee: $9.99/month (equals a total fee of $119.88 annually)
  • Welcome bonus: In your first 10 months as a new SimplyCash® Preferred Card from American Express card member, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your card. This could add up to $400 in statement credits in the first 10 months. Conditions apply.
  • Earn rate: Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases.
  • Special feature: $100 bonus per referred friend, up to $1500 annually
Best travel

Best American Express travel rewards card

Scotiabank Gold American Express®

Apply now

up to 40K pts

Very Good

Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points.

Expires

Jul 2, 2024

Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco, Foodland and more

6x

Scene+ points for every $1 you spend on dining, food delivery and other eligible grocery stores. Includes popular food delivery and food subscriptions.

5x

Scene+ points for every $1 you spend in Canada eligible entertainment purposes. Includes movies, theatre and ticket agency stores.

5x

Scene+ points for every $1 CAD you spend in Canada on eligible gas and daily transit options. Includes ride shares, buses, subway, taxis and more.

3x

Scene+ points for every $1 CAD you spend in Canada on eligible select streaming services.

3x

Scene+ point for every $1 spent on all other eligible everyday purchases.

1x

Purchase APR

20.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$120

Foreign Transaction Fee

0.00%

Recommended Credit Score

Very Good

Pros

  • Lots of daily spend options to earn multiplied point bonuses

  • Swanky Amex perks like Front of the Line presale concert tickets

  • Save on foreign transaction fees when abroad

  • Fantastic insurance coverage, especially for travel

Cons

  • Relatively low-value welcome bonus

  • $120 annual fee that chews into your point value substantially

  • Scene points redeem poorly for travel

American Express is generally one of the best credit card processors for travellers, and the most globetrotter-friendly card they offer might be the Scotiabank Gold American Express® card. It helps cardholders earn points quickly on their most common expenses, and then enjoy them on future adventures. You’ll receive 6X Scene+ points for every $1 CAD spend at eligible grocers like Sobeys, Safeway, and more eligible grocers¹, 5X for every $1 CAD spent on other eligible groceries, dining and entertainment; 3X Scene+ points for every $1 CAD you spend at eligible gas stations, on daily transit, and on streaming services; then 1 point per $1 on everything else. The points can be spent with superior flexibility.

Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points¹. Earn 20,000 bonus Scene+ points by making at least $1,000 in everyday eligible purchases in your first 3 months. Plus, for a limited time, you are eligible to earn a 20,000 Scene+ point bonus when you spend at least $7,500 in everyday eligible purchases in your first year. 

There are few other Canadian credit cards that offer the same level of travel benefits for this price point—$120 per year—as the card includes access to airport lounges worldwide, and a solid travel insurance package. If you don’t want to bend to the stricter limitations on point redemption and travel choices that define other cards, you should give the Scotiabank Gold American Express® card a close look.

Main features:

  • Annual fee: $120
  • Sign-up bonus: Earn up to $650* in value in the first 12 months, including up to 40,000 bonus Scene+ points¹. 
  • Enhanced earn rates: Earn 6X Scene+™ points on every $1 CAD you spend in Canada at Sobeys, Safeway, FreshCo, Foodland, and more eligible grocers.¹ Earn 5X the Scene+™ points for every $1 CAD spent on other eligible grocery stores, restaurants, fast food, and drinking establishments (including food delivery and food subscription services), as well as on eligible entertainment purchases (movies, theatre, and ticket agencies). Plus, you’ll get 3X the Scene+™ points for every $1 CAD spent on eligible gas, daily transit, and eligible select streaming purchases, and 1X point per $1 spent on every other purchase.
  • Regular earn rate: 1X point per $1 spent on every other purchase.
  • Special feature: No foreign transaction fees.

¹Conditions Apply. Visit here for the Scotiabank Gold American Express® Card to learn more.

Best no fee

Best no annual fee American Express rewards card

Scotiabank American Express

Apply now

up to 7K pts

Good

about new welcome offers by email

Scene+ points on every $1 you spend at Sobeys, Safeway, Freshco and more

3x

Scene+ points¹ for every $1 you spend on restaurants, fast food, drinking establishments and other eligible grocery stores. Includes popular food delivery and food subscriptions.

2x

Scene+ points¹ for every $1 you spend on eligible entertainment purchases. Includes movies, theatre and ticket agencies stores.

2x

Scene+ points¹ for every $1 you spend on eligible gas and daily transit. Includes ride shares, buses, subway, taxis and more

2x

Scene+ points¹ for every $1 you spend on eligible select streaming services

2x

Scene+ point for every $1 spent on all other eligible everyday purchases.

1x

Purchase APR

19.99%

Balance Transfer Rate

22.99%

Cash Advance APR

22.99%

Annual Fee

$0

Foreign Transaction Fee

2.50%

Recommended Credit Score

Good

Pros

  • Earn 7,000 welcome bonus rewards points.

  • Earn up to three Scene+ points on everyday spending.

  • Earn points across five different categories, including food, travel, entertainment and streaming.

  • No annual fee.

Cons

  • The welcome bonus is lower compared to other rewards cards.

  • American Express isn’t accepted everywhere.

  • Limited insurance coverage.

If you want to take advantage of Amex perks without paying an annual fee, check out the Scotiabank American Express® card. Although it’s a no annual fee card, it nonetheless offers an introductory bonus of up to 7,000 bonus Scene+ points within your first year (that’s up to $70 towards travel).¹ Earn 5,000 bonus Scene+ points by making at least $750 in everyday eligible purchases in your first three months. Plus, for a limited time, you are eligible to earn a 2,000 Scene+ point bonus when you spend at least $5,000 in everyday eligible purchases in your first year.

Cardholders can accrue points via their natural spending inclinations and use them later to save on trips.

  • Earn 3X Scene+ points for each dollar charged to your account on all eligible purchases¹ at Sobeys, IGA, Safeway, Foodland, FreshCo, Voilà by Sobeys, Voilà by IGA, Voilà by Safeway, Chalo! FreshCo, Thrifty Foods, IGA West, Les Marchés Tradition, Rachelle Béry and Co-O.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible grocery stores, restaurants, fast food, and drinking establishments. Includes popular food delivery and food subscriptions.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible entertainment, including movies, theatres and ticket agencies.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible gas and daily transit. Includes rideshare, buses, taxis, subway, and more.
  • Earn 2X Scene+ points for every $1 CAD spent on eligible select streaming services.
  • Earn 1X Scene+ point for every $1 spent on every other purchase.

Like other Amex travel cards, points are redeemable via retroactive statement credits—just make a purchase with the card and pay for it with points later. You can also spend them on merchandise and other special offers.

Main features:

  • Annual fee: $0
  • Sign-up bonus: Earn up to 7,000 bonus Scene+ points within your first year (that’s up to $70 towards travel).¹ 
  • Base earn rate: 1X Scene+ point per $1 spent on eligible purchases with accelerated earn rate on select eligible purchases¹
  • Special feature: New mobile device insurance

¹ Conditions apply. Visit here for the Scotiabank American Express® Card to learn more.

Best rewards with no fee

Best no annual fee American Express cash back card

SimplyCash® Card from American Express

Apply now

up to $100

Good

Earn up to $100 in Statement Credits in your first 10 months as a new cardmember

Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually)

2%

Earn 1.25% cash back on all other eligible purchases—the only stuff that won’t get cash back are non-purchases, like cash advances, balance transfers, etc.

1.25%

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$0

Foreign Transaction Fee

2.50%

Recommended Credit Score

Good

Required Annual Personal Income

$0

Pros

  • No annual fee for primary or additional cardholders

  • Big welcome bonus

  • Solid regular cash back rate on all eligible purchases - up to 2% cash back on all eligible purchases

  • No limit to the amount of cash back you can earn at the base rate

Cons

  • Cash back is only applied as a statement credit once a year

  • Amex cards aren’t accepted by every merchant

The SimplyCash Card from American Express helps you earn cash back without paying an annual fee. The card earns rates of: Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases. Referring a friend earns the cardholder $50 per approval, up to a maximum of $750 annually.

In your first 10 months as a new SimplyCash® Card from American Express Cardmember, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months. Conditions apply.

There is an impressive variety of additional perks that make the SimplyCash® Card from American Express more valuable, like the inclusion of automatic coverage for rental cars, travel accidents, new purchases and more. As a part of the American Express family, the card also includes access events and special offers curated for card members with American Express® Experiences. In other words, it lends a helping hand to those who are struggling financially, but will also grant them access to perks normally enjoyed by higher-tier cards—and all without an annual fee.

Main features:

  • Annual fee: $0
  • Welcome bonus: In your first 10 months as a new SimplyCash® Card from American Express card member, you can earn a $10 statement credit for each monthly billing period in which you spend $300 in purchases on your Card. This could add up to $100 in statement credits in the first 10 months. Conditions apply.
  • Earn rates: Earn 2% cash back on eligible gas purchases in Canada, 2% cash back on eligible grocery purchases in Canada (up to $300 cash back annually), and 1.25% cash back on all other eligible purchases.
Best everyday

Best lifestyle American Express rewards credit card

American Express Cobalt® Card

Apply now

15,000 pts

Fair

Earn up to 15,000 Membership Rewards points

Earn 5 times he points on eligible eats and drinks in Canada, including groceries and food delivery. Spend cap applies.

5x

Earn 3 times the points on eligible streaming subscriptions in Canada.

3x

Get 2 times the points on eligible ride shares, transit & gas in Canada.

2x

Earn 1 additional point on eligible hotel and car rental bookings via American Express Travel Online

1x

Earn 1 point for every $1 in Card purchases everywhere else

1x

Get up to $100 USD hotel credit to use on amenities when charged to the room for a stay of 2 or more consecutive nights through The Hotel Collection from American Express Travel.

$100 USD

Purchase APR

21.99%

Cash Advance APR

21.99% - 2.75%

Annual Fee

$155.88

Foreign Transaction Fee

2.50%

Recommended Credit Score

Fair

Required Annual Personal Income

$0

Required Annual Household Income

$0

Pros

  • High earn rates (up to 5% return on spending!)

  • Flexible month-by-month fee structure

  • Free supplementary cards

  • 1:1 points transfer with selected hotels, airlines and frequent flyer programs

Cons

  • Accelerated earn rates only apply to purchases in Canada (not to purchases made abroad)

  • Amex has a more limited merchant acceptance rate than Visa and Mastercard

  • Slightly higher than average annual fee

The American Express Cobalt Credit Card is a great rewards credit card if you enjoy spending money on food  and streaming subscriptions. Love eating out or ordering in? Maximize the value of each dollar spent with the Amex Cobalt® Card. The American Express Cobalt® Card accrues a massive 5 points per $1 spent on eligible food and drinks in Canada, including grocery stores and food delivery services (spend cap applies); 3 points per $1 spent on eligible streaming services; 2 points per $1 spent on ride shares, transit and gas in Canada; and 1 point per $1 on everything else. Each point is worth about $0.01, and they’re redeemable for travel, gift cards, Amazon, and for general statement credits.

Cardholders can also take advantage of a very lucrative introductory deal, which runs for the first year of card membership and pays out consecutive bonuses for reaching spending goals. In your first year as a new Cobalt® Card member, you can earn 1,250 Membership Rewards® points for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to 15,000 points in a year. That’s up to $150 towards a weekend getaway or concert tickets. Conditions apply.

The card costs a relatively low $155.88 ($12.99 monthly fee) annual fee, which can be more than covered in rewards points by those high-octane urbanites that dine out regularly.

Main features:

  • Annual fee: $155.88 ($12.99 monthly fee)
  • Welcome bonus: Earn up to 15,000 membership Rewards® points in the first year (terms and conditions apply).
  • Enhanced earn rates: 5 points per $1 spent at eligible restaurants, coffee shops and bars, stand-alone grocery stores, and food delivery services in Canada (spend cap applies); 3 points per $1 spent on eligible streaming services; 2 points per $1 spent on eligible ride shares, transit and gas in Canada; 1 additional point on eligible hotel and car rental bookings via American Express Travel Online.
  • Regular earn rate: 1 point per $1 spent on all other eligible purchases.
  • Special feature: 5,000 bonus points for referring friends to the card, up to a maximum annual referral bonus of 75,000 points
Best luxury

Best premium American Express card

The Platinum Card

Apply now

70,000 pts

Excellent

Earn 70,000 Membership Rewards® points1*

Earn 2 points for every $1 in Card purchases on eligible dining and food delivery in Canada

2x

points for every $1 in Card purchases on eligible travel

2x

point for every $1 in all other Card purchases

1x

Purchase APR

21.99%

Annual Fee

$799

Foreign Transaction Fee

2.50%

Recommended Credit Score

Excellent

Pros

  • Earn 5X Rewards Points for flights and on prepaid hotels booked with American Express Travel

  • Access to a wide range of luxury perks, including premium concierge service

  • Complimentary lounge membership providing access to over 1,200 airport lounges worldwide

  • Annual statement credits: $200 airline fee credit, $200 hotel credit, $240 digital entertainment credit

  • Special insurance coverages like trip cancellation/interruption, flight delay, lost or stolen baggage and rental car theft & damage.

  • Provides extended warranty (2 years) and purchase protection (120 days).

Cons

  • High annual fee of $799, one of the heftiest among Canadian cards

  • The rewards system can be complicated, especially for users not familiar with maximizing credit card points

  • Requires good to excellent credit for eligibility

The Platinum Card® is geared towards those who travel quite often and spend enough to justify its $799 annual fee, which is obviously quite pricey, but worthwhile considering what the card gives back in return.

Earn up to 100,000 Membership Rewards® points – that’s $1,000 towards a weekend away. New Platinum® Card members, earn 70,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first 3 months of card membership. Conditions apply.

Sign-up bonus aside, many other elite travel features and upper echelon benefits are included with The Platinum Card®. Cardholders will have access to a $200 CAD Annual Travel Credit to use on one-time travel or hotel bookings through American Express Travel Online or Platinum® Card Travel Service, plus complimentary entry into hundreds of airport lounges around the world. Take full advantage of The American Express Global Lounge CollectionTM which unlocks access to over 1,300 airport lounges worldwide. This includes The Centurion® Lounge network, Plaza Premium Lounges and hundreds of other domestic and international lounges designed to enhance your travel experience.

Amex’s standard earn rate for earning Membership Rewards points applies to all spending at 1 point per $1 spent, accelerated to 2 points per $1 spent on eligible travel, and 2 points per $1 spent on eligible dining and food delivery in Canada. Points are redeemable on travel, hotels, merchandise and statement credits.

Main features:

  • Annual fee: $799
  • Up to 100,000 points: Earn up to 100,000 Membership Rewards® points - that’s up to $1,000 towards a weekend away
  • Welcome bonus: New Platinum® Cardmembers, earn 70,000 Welcome Bonus points after you charge $10,000 in net purchases to your Card in your first 3 months of Cardmembership. Conditions apply.
  • Plus, earn: 30,000 points when you make a purchase between 14 and 17 months of Cardmembership
  • Earn rates: Earn 2 points for every $1 in Card purchases on eligible dining and food delivery in Canada, 2 points for every $1 in Card purchases on eligible travel, and 1 point for every $1 in all other Card purchases
  • Special feature: Access a $200 Annual Travel Credit through American Express Travel Online or Platinum® Card Travel Service; Enjoy complimentary benefits that offer an average value of $600 USD at over 1,500 extraordinary properties worldwide when you book Fine Hotels + Resorts; Enjoy a $200 Annual Dining Credit at some of Canada’s best restaurants; Unlock $200 or more in additional value with Member extras. You can earn statement credits for qualifying purchases with participating brands
Best business

Best American Express business card

American Express® Business Edge

Apply now

up to 67K pts

Good

Earn up to 67,000 points*

points for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks (up to a maximum of 75,000 Membership Rewards points, 1x point thereafter)

3x

points for every $1 spent on everything else

1x

points - Welcome offer for every $1 spent on eligible office supplies & electronics, rides & gas, eats & drinks in your first 6 months up to 10,000 points

10x

Purchase APR

21.99%

Cash Advance APR

21.99%

Annual Fee

$99

Recommended Credit Score

Good

Pros

  • Generous welcome offer: Up to 67,000 Membership Rewards points available

  • High earn rate: 3x points on select business expenses like office supplies and dining

  • Free additional cards: Supplementary cards provided at no extra cost

  • Valuable insurance coverage: Includes purchase protection and car rental damage insurance

  • Points flexibility: Transfer points to Aeroplan and Avios, enhancing travel options

  • Business tools: Access to management tools for financial oversight

  • Payment flexibility: Offers balance carrying option, unlike traditional charge cards

Cons

  • Annual fee: Costs $99 per year

  • Limited acceptance: American Express not as widely accepted as Visa or Mastercard

  • Capped bonus categories: 3x points category limited to $25,000 in purchases yearly

  • Specific spend categories: High earn rates apply to certain business-related expenses only

Business owners commonly rack up expenses in gas and transit, office supplies, and of course food and drink (for themselves and employees). The American Express® Business EdgeTM Card is a great way to earn back on these purchases, earning Membership Rewards® points at a steady 3X the points per $1 rate in the categories above after the Welcome Offer ends, and 1X point per $1 elsewhere. Caps and other conditions may apply. These accumulated points can then be converted into statement credits and to book flights, hotels and car rentals. You can redeem points for flight purchases on AirCanada.com and even transfer to frequent flier and hotel programs, including one-to-one to Aeroplan®* and Avios.

Other great features of the card are its bonuses: a one-time, 45,000-point signup bonus for spending $5,000 in your first three months; plus, earn 10x the points for every $1 spent on eligible business essentials including office supplies and electronics, rides and gas, eats and drinks within 6 months of card membership, up to a maximum of 10,000 points; and another ongoing bonus of 1,000 points for each month in which your spending reaches at least $3,000. These add up to a potential 67,000 bonus points in your first year and then 12,000 bonus points each year after that. That’s $670 in statement credits in your first year that you can reinvest into your business. Terms and conditions apply. The card’s annual fee is a reasonable $99, made more worthwhile by the inclusion of other features, like Car Rental Theft & Damage Insurance, Employee Card Misuse Protection, the Purchase Protection® Plan, and Buyer’s Assurance® Protection Plan. The Buyer’s Assurance® Protection Plan can automatically extend the manufacturer’s original warranty up to one additional year when you fully charge eligible items to your American Express® Business EdgeTM Card.

Main features:

  • Annual fee: $99
  • Welcome bonus: Up to 67,000 Membership Rewards® points in the first year – that’s $670 in statement credits you can reinvest into your business. Terms and conditions apply.
  • Enhanced earn rate: Earn 3x the points for card purchases on eligible business essentials including office supplies and electronics, rides and gas, eats and drinks when your welcome offer ends. Caps and other conditions may apply.
  • Regular earn rate: Earn 1x the points on all other purchases charged to the card.

You can learn more about the card by reading our complete American Express® Business EdgeTM Card review.

Amex comparison

American Express card levels: Comparison chart

Highlights SimplyCash® Card from American Express (Entry Level) American Express Cobalt® Card (Mid-Tier) The Platinum Card® (Premium)
Annual fee $0 $155.88 ($12.99 monthly fee) $799
Highest standard earn rate Earn accelerated earn rates on eligible gas and grocery purchases 5 pts / $1 2 pts / $1
Travel insurance Minimal Good Excellent
Additional benefits Minimal Amex Invites; transfer points to other programs $200 travel credit; $200 dining credit; hotel status upgrades; unlimited lounge access; Amex Invites; transfer points to other programs
Amex levels explained

What is the highest level American Express card?

American Express card levels explained

Unlike Visa and Mastercard, American Express doesn’t have a formal tiered system (with exceptions). However, if you are looking for ways to better categorize American Express cards, you can take our approach.

We’ve divided the cards into four different levels based on annual fees and requirements. As a general rule, normally the higher the level of card, the better the benefits and perks (as you will see in our comparison later).

Entry-Level American Express Cards

  • Annual fee: $0
  • Credit score requirement: Fair/Good 670-739

Mid-Tier American Express Cards

  • Annual fee: $0 to $250
  • Credit score requirement: Fair/Good 670-739

Premium American Express Cards

  • Annual fee: $250 to $699
  • Credit score requirement: Excellent 740-900

The American Express Centurion Card

The Amex Centurion (or Amex Black) is the highest level American Express card, but it has a very elite, invite-only membership and Amex does not officially publish its information. 

The highest level American Express card is the Centurion card, which is also known as the ‘black card.’ However, it’s available only by invitation from American Express, meaning you can’t just apply for it as you would the other cards mentioned in this article.

So, how do you get invited? It seems many invitees are chosen from existing American Express cardholders, particularly Platinum cardholders. Cardholders generally need to charge a very high amount to their cards (perhaps above $100K) to be invited.

Those invited to become Centurion cardholders will need to pay a very significant annual fee (estimated at $2,500) in addition to a one-time initiation fee of around $7,500.

But reports of the card’s benefits indicate that those sky-high fees might be worth it. Centurion cardholders have access to a personal travel concierge; flight upgrades; companion tickets; free hotel nights; highest-level airport lounge access; and are exempt from foreign transaction fees, among numerous other rumoured benefits.

Conclusion

Bottom line on American Express Card levels

When choosing an American Express card, it is important to consider your individual needs and financial standing. Some important factors to consider include your annual income, any annual fees or other costs associated with the card, and your credit score health. There are a variety of cards available with varying levels of benefits and features, so it is important to carefully evaluate each option before deciding which card is right for you.

With some careful consideration and research, you can find the best Amex card that will help you achieve your financial goals while providing you with all the benefits and perks that come along with being an Amex customer.

Recommended read: American Express Cobalt® vs Scotiabank Gold American Express

American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information, click the Apply Now link. If you apply and get approved for an American Express Card, (I/we) may receive compensation from American Express, which can be in the form of monetary payment.

FAQs

FAQs about American Express Canadian credit cards

  • Is an Amex credit card hard to get?

    +

    Getting approved for an American Express credit card in Canada is not difficult if you have a good credit score (700 and above) as well as steady income.

  • Are American Express credit cards accepted in Canada?

    +

    American Express cards are accepted by thousands of retailers in Canada. Some of the few retailers that do not currently accept Amex cards include Costco and Loblaws. Learn more about where your Amex card is accepted in Canada.

Hannah Logan Freelance Contributor

Hannah Logan is a Canadian freelancer writer and blogger who specializes in personal finance and travel. You can follow her adventures on her travel blog EatSleepBreatheTravel.com or find her on Instagram @hannahlogan21.

Scott Birke Finance editor, Money.ca

Scott Birke is a finance editor at Money.ca.

Compare other American Express credit cards

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