American Express Business Edge Card Review

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Are you looking for an American Express Business Edge Card review? This Amex card targets the unique needs of modern business owners. It has a higher earn rate on select categories than the American Express Business Gold and arguably the Business Platinum Card. This card also has a significantly lower annual fee. Read my American Express Business Edge Card review now and find out if this is the perfect business card for you.

American Express Business Edge Card

  • $99 annual fee
  • Earn 55,000 Welcome Bonus points when you spend $5,000 in the first 3 months
  • Earn 1,000 points each month when you spend $3,000
  • Earn 3 points per $1 spent on office supplies & electronics, rides & gas, and eats & drinks
  • Earn 1 point per $1 spent on all other purchases

For a business card that has an annual fee of just $99, I’m pretty impressed with the earn rate. You get 3 American Express Membership Rewards points for every dollar spent on office supplies, electronics, gas, public transportation, rideshares, taxis, dining, and drinks. That’s A LOT of categories where you’re earning 3X the points, but note that there’s a cap of $25,000 each year where you earn 3X the points for a total of 75,000 points. Once you reach that threshold, you earn 1 point per $1 spent.

This increased earn rate may not seem like a big deal, but as someone who’s self-employed, I can tell you that these categories speak directly to me. I don’t have an actual office where I’m buying supplies. I’m constantly on the move and meeting clients at restaurants and/or coffee shops. In fact, eats & drinks, and rides are my biggest “office” expenses. It seems like these 3X categories were selected with the modern business owner in mind.

The welcome bonus is pretty impressive and there’s even an ongoing bonus. You get 55,000 points when you charge $5,000 to your card in the first three months. You can earn an additional 1,000 points per month, up to 12 months, when you charge $3,000 to your card. When you do the math, you could easily earn over 80,000 MR-S points in the first year from the welcome bonus and your regular spending.

How do American Express Membership Rewards points work?

American Express Membership Rewards is easily the best travel loyalty program from a financial institution. Since it takes 1,000 points to claim $10 in travel or a statement credit, your points are effectively worth 1 cent each. What makes American Express Membership Rewards stand out from other programs is the fact that your points are worth the same when using them as a statement credit. Every other loyalty program lowers the value of your points when you go this route.

Another redemption option for your points is the Amex Fixed Travel Program. With this option, you can get a lot of value out of your points, but it depends on where you’re flying to. If you maximize the base fare value of your ticket, you can get a value of 2 cents per point with the American Express Fixed Travel Program.

If those two options weren’t good enough for you, one other feature makes American Express Membership Rewards a clear winner. You can transfer your points to multiple airline and hotel loyalty programs, including Aeroplan and Marriot Bonvoy. This is huge for consumers since the value of Aeroplan points can be more than 2 cents per point. Since the transfer ratio from Membership Rewards to Aeroplan is 1:1, you can easily come out ahead.

How the American Express Business Edge Card compares to others

When the American Express Business Edge Card was announced, right away I realized that it was very similar to the Amex Cobalt Card. With the Cobalt card, you earn 5 MR-S points per $1 spent on eats and drinks; 2 points per $1 spent on travel; and 1 point per dollar spent on all other purchases. The American Express Business Edge Card is basically a “light” business version of the Cobalt card.

You can’t really use a consumer card for business expenses unless you want to create an accounting nightmare so if you’re trying to figure out what the best business credit card in Canada is for you, look at the earn rate, benefits, and how you plan on redeeming your points. You also need to factor in how much you spend on the business expenses since the Business Edge card has a cap on the 3X earn rate.

A better comparison might be the American Express Business Platinum Card, but they’re two different products. The Business Platinum card earns you 1.25 points per $1 spent on all purchases, but you can redeem your points at a straight value of 1 cent per point for any purchase so you could say your points are more valuable. The Business Platinum also comes with unlimited airport lounge access but it has an annual fee of $499. I should mention that the Business Platinum card gives you a sign up bonus of 75,000 MR points when you charge $7,000 to your card in the first three months when you use a referral link which is the best bonus available.

Final thoughts

My American Express Business Edge Card review is positive. Small business owners and entrepreneurs who are constantly on the move can now enjoy earning more points while paying a reasonable annual fee. The points you earn can’t be transferred directly to airlines, but you still have a lot of flexibility with them when it comes to redemptions. Use my referral link now and get the American Express Business Edge Card.

American Express Business Edge Card Review

About Barry Choi

Barry Choi is a Toronto-based personal finance and travel expert who frequently makes media appearances. His blog Money We Have is one of Canada’s most trusted sources when it comes to money and travel. You can find him on Twitter:@barrychoi

5 Comments

  1. Robert on November 7, 2019 at 10:00 PM

    Just got this card and am disappointed that the points are not convertible to Aeroplan. Amex will not upgrade without a new credit check and new application.

    • Barry Choi on November 8, 2019 at 7:45 AM

      Robert,

      Can you do a product switch or do they also require a credit check?

  2. Rober on November 8, 2019 at 11:45 AM

    They require a new credit check. Really disappointed with this and not clear in how they offer card comparisons.

  3. Owen on April 16, 2020 at 3:12 PM

    I’ve had an Amex Platinum for a long time but since I don’t travel as much I wonder how it compares to the Cobalt or Business Edge cards.
    I also used to hold a US Amex as well I found the Canadian versus US rewards programs so very different. The US offers a much wider variety of products to chose from. Chadian points can’t buy from the US rewards program……why is that?

    • Barry Choi on April 16, 2020 at 4:15 PM

      Hi Owen,

      The Cobalt and Business Edge are good cards if you spend a lot of food since you earn more points. That said, if you’re switching your Platinum to one of these cards, you’d be devaluing your points since they earn MR-S points. It might be a better idea to switch to a personal Gold card.

      As for US credit cards, they’re almost all better than Canada. Since the US has 10X the population of Canada, they have more people to market to and more competition. That usually means they have better offers. You can’t buy from the U.S. side because they technically have different values.

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