Earn rate

Spending category Earn rate Value per $100 spent
All eligible purchases 1 pt / $1 ~$1.00

This is a charge card with no preset spending limit; balances are due in full each month, with a Flexible Payment Option on eligible charges. 1 Membership Rewards point ≈ $0.01 CAD as a baseline, and a fixed $0.01 toward car rentals, hotels, and vacation packages booked through American Express Travel; transfers to Aeroplan and other airline partners can return more.

Benefits

Benefit Details
No preset spending limit Purchasing power adjusts with your spending pattern, payment history, and credit record rather than a fixed ceiling.
Transferable points Membership Rewards transfer to Aeroplan, Avios, Flying Blue, Marriott Bonvoy, and Hilton Honors, or redeem at a fixed $0.01 toward travel through American Express Travel.
The Hotel Collection credit Book two or more consecutive nights at participating properties through American Express Travel for a $100 credit toward amenities, plus a room upgrade where available.
Mobile device insurance Up to $1,000 against loss, theft, or damage to a device charged to the card. Subject to certificate terms.
Travel & purchase insurance Common carrier travel accident ($100,000), flight delay ($500), baggage delay ($500), lost or stolen baggage ($500), hotel burglary ($500), car rental theft and damage, purchase protection, and extended warranty. Coverage limits and eligibility per certificate.
American Express Experiences Front Of The Line presale and reserved tickets, plus offers curated for Cardmembers.
Additional cards $50 per additional card.
Welcome bonus A Membership Rewards welcome offer applies to new Cardmembers. Verify the current offer with American Express before applying.
Foreign transactions 2.5% currency conversion charge on purchases in a foreign currency. No waiver.

What your monthly spend earns

Monthly spend $2,500
Category Monthly spend Rate Monthly pts
All purchases $2,500 1x 2,500 pts / mo

30,000 pts / year (~$300 at the $0.01 baseline, ~$101 net of the $199 fee). ~1.00% effective return before any transfer upside. The value of this card is the transferable currency and the no-preset-limit charge structure, not a high headline rate.

Good fit if

  • You run a business with uneven or large monthly spend and want purchasing power that flexes rather than a hard credit limit.
  • You value transferable points over category multipliers, and will move Membership Rewards to Aeroplan or a hotel program.
  • You want a simple charge card that earns the same on every dollar without tracking bonus categories.

Less useful if

  • Your business spend concentrates in restaurants, transit, or gas. A category-bonus business card earns more in those areas than a flat 1x card.
  • You want a high flat rate. At 1x, the everyday earn is modest; the appeal is the currency and the structure, not the multiplier.
  • You prefer to carry a balance over time. This is a charge card with balances due in full outside the Flexible Payment Option.
Membership Rewards program → All American Express cards →