Canada’s Best American Express Credit Cards for 2022

American Express offers several well-rated credit cards in the travel, cash back, business, and general rewards categories.

While Amex credit cards are not as widely accepted as Visa or Mastercard, their exceptional welcome bonuses, insurance benefit coverage, and perks make them a worthy addition to most wallets.

Read on to learn about the best American Express Credit Cards in Canada for 2022.

Top 10 American Express Credit Cards in Canada

Credit CardBest ForWelcome BonusAnnual FeeApply
American Express Cobalt CardOverall bestUp to 30,000 bonus points$155.58Apply
SimplyCash Preferred Card from AmexCash back rewards10% cash back for the first 4 months ($400 value)$99Apply
American Express Platinum CardPremium perksUp to 110,000 bonus points ($1,100 value)$699Apply
SimplyCash Card from AmexNo annual fee4% cash back in the first 6 months ($200 value)$0Apply
American Express Green CardNo annual fee10,000 bonus points$0Apply
Marriott Bonvoy Amex CardHotel stays75,000 bonus points$120Apply
Scotiabank Gold Amex CardTravelUp to 45,000 points ($450 value)$120Apply
American Express Gold Rewards CardTravelUp to 70,000 points ($700+ value)$250Apply
Business Platinum Card from AmexBusiness110,000 bonus points ($1,100 value)$499Apply
American Express Business Edge CardBusinessUp to 67,000 bonus points$99Apply

1. Best American Express Credit Card

American Express Cobalt Card

Rewards: Earn 5x pts per $1 spent on food & drinks; 3x pts on streaming subscriptions; 2x pts on travel; 1x pts everywhere else.

Welcome offer: Get up to 30,000 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $155.88

The American Express Cobalt Card can serve as your go-to for travel rewards as well as a card you use for earning rewards when you make everyday purchases.

It offers:

  • 5 points per $1 spent on restaurant and food delivery purchases
  • 3 points per $1 spent on streaming services
  • 2 points per $1 spent on travel and transit
  • 1 point per $1 spent on everything else

Cardholders get 2,500 points each month they spend at least $500 in the first year, for a total of 30,000 bonus points.

The Amex cobalt provides comprehensive travel insurance benefits along with other perks.

Learn more in this review or apply here.

2. Best American Express Credit Card for Cash Back

SimplyCash Preferred Card from American Express

Rewards: Earn unlimited 2.00% cash back on all purchases.

Welcome offer: 10% cash back in your first 4 months (valued at $400).

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $99

The SimplyCash Preferred Card from Amex is one of the best cash back credit cards in Canada.

It offers an unlimited flat-rate 2% cash back on all purchases. What this means is that you get $2 back on every $100 you spend on groceries, gas, travel, recurring bill payments, online shopping, and more.

New cardholders enjoy a 10% welcome cash back bonus in the first 4 months that is valued at up to $400.

Like many of the other American Express Canada cards on this list, the SimplyCash Preferred Card also includes comprehensive travel insurance and other perks.

Learn more in this review or apply here.

3. Best Premium American Express Credit Card

The American Express Platinum Card

Rewards: Earn 3 pts per $1 spent on dining & food delivery; 2pts per $1 spent on travel; 1pt/$1 everywhere else.

Welcome offer: Get up to 110,000 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $699

The Platinum Card from Amex is all about premium perks and rewards.

You earn:

  • 3 points per $1 spent on restaurant, Cafés, and food delivery purchases
  • 2 points per $1 spent on travel
  • 1 point per $1 spent on all other purchases

New cardholders get 90,000 bonus points after spending $6,000 in the first 3 months, and 10 points for every $1 spent on food and drinks in the first 3 months (valued at up to 20,000 points).

In all, the sign-up bonus is up to 110,000 points ($1,100 value).

The Platinum Card also offers $100 in statement credits towards a NEXUS application or renewal, comprehensive travel insurance coverage, exclusive benefits at Toronto Pearson International Airport, hotel benefits, and more.

For these premium perks, you pay a $699 annual fee.

Learn more in this review or apply here.

4. Best No Fee American Express Credit Card # 1

SimplyCash Card from American Express

Rewards and benefits: Earn 1.25% cash back on all purchases; travel accident insurance.

Welcome offer: 4% cash back in your first 6 months (valued at $250).

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $0

The SimplyCash Card from Amex is a strong contender for the best no-annual-fee cash back credit card in Canada.

It offers 1.25% cash back on all purchases and for the first 6 months, you earn 4% cash back on all purchases, valued at up to $200.

This card also includes a $100,000 travel accident insurance coverage which is rare for a no-fee-annual credit card.

Learn more in this review or apply here.

5. Best No-Fee American Express Credit Card # 2

American Express Green Card

Rewards: Earn 1x pts per $1 spent on all purchases.

Welcome offer: Get up to 12,500 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $0

The American Express Green Card was previously known as the Choice Card from Amex.

It has no annual fee and offers 1 point per $1 spent. You can redeem your points for travel, gift cards, merchandise, or convert them to your favourite frequent flyer program, (e.g. Aeroplan, Marriott Bonvoy, and Avios).

New cardholders get 10,000 bonus points after charging $1,000 to the card in the first 3 months.

Learn more in this review or apply here.

6. Best American Express Credit Card for Hotel Stays

Marriott Bonvoy American Express Card

Rewards: Earn 5x the points on purchases at Marriott Bonvoy; 2x points everywhere else; 1 free night each year; Elite Night credits.

Welcome offer: Get up to 75,000 bonus points in the first year.

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $120

The Marriott Bonvoy American Express Card is great for earning Marriott Bonvoy points you can redeem for free nights, transfer to frequent flyer miles, or book travel getaways.

It pays:

  • 5 points per $1 spent on purchase at Marriott Bonvoy properties
  • 2 points per $1 spent on all other purchases

Cardholders get one free night at the card’s annual anniversary, a free upgrade to Gold Elite status after spending $30,000, or staying 10 nights in one calendar year.

For its welcome bonus, you receive 65,000 points after spending $1,500 in the first 3 months, plus 5 points for every $1 spent on food and drinks in the first 3 months (valued at up to 10,000 points).

Learn more in this review or apply here.

7. Best American Express Credit Card For Travel #1

Scotiabank Gold American Express

Rewards: Earn 5x Scene+ points/$1 on grocery, restaurants, food delivery; 3x points/$1 in gas & travel; 1x points/$1 everything else.

Welcome offer: Get up to 40,000 points ($400 value).

Interest rates: 19.99% on purchases; 22.99% on cash advances.

Annual fee: $120

The Scotiabank Gold American Express Card is one of the top travel credit cards in Canada.

It is also one of a few credit cards that waive FX fees when you spend abroad (a 2.5% fee savings).

This card offers:

  • 5 Scene+ points per $1 spent on grocery, restaurants, and fast food
  • 3 points per $1 spent on gas and daily transit
  • 1 point per $1 spent on all other purchases

Cardholders enjoy several premium perks, including a discounted Priority Pass membership, comprehensive travel insurance coverage, and more.

When you sign up, you receive 25,000 bonus points after spending $1,000 in the first 3 months; plus an extra 20,000 points if you spend $7,500 in the first year.

Learn more in this review or apply here.

8. Best American Express Credit Card for Travel #2

American Express Gold Rewards Card

Rewards: Earn 2x the points on travel, gas, drugstore, and grocery purchases; 1x point everywhere else.

Welcome offer: Get up to 70,000 bonus points in the first year.

Interest rates: 20.99% on purchases and 21.99% on cash advances.

Annual fee: $250

The American Express Gold Rewards Card will cost you $250 annually in exchange for premium rewards and perks.

You earn:

  • 2 points per $1 spent on travel, gas, grocery, and drugstore purchases
  • 1 point per $1 spent on all other purchases

New cardholders get 50,000 bonus points after spending $3,000 in the first 3 months, plus 10 points for every $1 spent on food and drinks in the first 3 months (valued at up to 20,000 points).

This card also provides a $100 CAD annual travel credit, Priority Pass membership, $50 NEXUS statement credit when you apply or renew, comprehensive travel insurance coverage, and more.

Learn more in this review or apply here.

9. Best American Express Credit Card for Business #1

Business Platinum Card from American Express

Rewards: Earn 1.25x pts per $1 spent on all purchases.

Welcome offer: Get up to 110,000 bonus points in the first year.

Interest rates: 19.99%

Annual fee: $499

The Business Platinum Card from Amex is a top business credit card in Canada.

You earn 1.25 points for every $1 in purchases and enjoy travel coverage, business coverage against employee card misuse, business travel perks including Priority Pass, Plaza Premium lounges, The Centurion Lounge, and more.

New cardholders get 110,000 Membership Rewards points when they spend at least $7,000 in the first 3 months.

This premium business card has a $499 annual fee.

Best American Express Credit Card for Business #2

American Express Business Edge Card

Rewards: Earn 3x the points per $1 spent on office supplies, gas, food, & electronics; 1x points everywhere else.

Welcome offer: Get up to 67,000 bonus points in the first year.

Interest rates: 19.99% on purchases and 21.99% on cash advances.

Annual fee: $99

The Amex Business Edge Card has a lower annual fee of $99.

It offers 3x the points when you spend on office supplies, electronics, gas, food, and drinks; and 1x point on all other purchases.

It also comes with car rental insurance and employee card misuse protection.

New cardholders get 45,000 bonus points after spending $5,000 in the first 3 months; plus 10x the points for every $1 spent on eligible business essentials including office supplies & electronics, rides & gas, eats & drinks within the first 6 months (up to a maximum of 10,000 points).

Learn more in this review or apply here.

American Express Canada FAQs

Are American Express Cards worth it in Canada?

The best Amex cards offer competitive rewards and are worth adding to your wallet. For convenience, you should pair your Amex credit card with a Visa or Mastercard.

Where is Amex accepted in Canada?

More and more stores and retailers now accept American Express credit cards, with tens of thousands of locations in Canada alone. A few major retailers that do not accept Amex credit cards include Costco and Loblaws stores (except Shoppers).

How long will it take to receive my Amex credit card?

How long will it take to receive my Amex credit card? Your Amex credit card should arrive in the mail within 7-10 business days of applying for it.

Best Credit Offers in August 2022

Earn up to 15% cash back for a limited time ($150 bonus)

One of the best no-fee credit cards in Canada.

Get 2% unlimited cash back on up to 3 purchase categories.

Get 0.5% unlimited cash back on all other purchases.

Get 15% bonus cash back in first 2 months ($150 value).

1.95% balance transfer offer for 6 months.

Get up to 5% cashback and grow your savings ($20 bonus)

Free prepaid reloadable Mastercard (use referral code CASHBACK during signup for $20 free).

Free budgeting app with automatic savings features.

Access to a portion of your paycheque 3 days early.

1.20% savings interest on every dollar balance.*

Compare the best personal loan rates in Canada

Get the best rates from multiple lenders.

Borrow up to $50,000 regardless of your credit score.

Pre-approvals are available in as fast as 5 minutes.

Low-interest rates start at 1.99% and terms from 4-60 months.

The NeoCard pays up to 5% cash back at select retailers

Get a $25 bonus when you apply for the Card.

Up to 5% cash back at participating stores.

No annual account fees and 1% minimum cash back guaranteed.

Guaranteed instant approval credit card.

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Author

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Enoch Omololu

Enoch Omololu is a personal finance expert and a veterinarian. He has a master’s degree in Finance and Investment Management from the University of Aberdeen Business School (Scotland) and has completed several courses and certificates in finance, including the Canadian Securities Course. He also has an MSc. in Agricultural Economics from the University of Manitoba and a Doctor of Veterinary Medicine degree from the University of Ibadan. Enoch has a passion for helping others win with their personal finances and has been writing about money matters for over a decade. He has been featured or quoted in The Globe and Mail, Winnipeg Free Press, Wealthsimple, Financial Post, Toronto Star, CTV News, Canadian Securities Exchange, Credit Canada, National Post, CIBC, and many other personal finance publications.

His top investment tools include Wealthsimple and Questrade. He earns cash back on purchases using KOHO, monitors his credit score for free using Borrowell, and earns interest on savings through EQ Bank.

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