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Wednesday, October 16, 2019

Introducing the American Express Business EdgeTM Card - A Membership Rewards Select Small Business Card



Today, American Express introduced the American Express Business EdgeTM Card. It is a new card that falls into their Small Business Solution portfolio of cards. This is the first business card that calls the Membership Rewards Select program as its reward offering and the second card overall from American Express after the American Express Cobalt Card. The card is coming into the ring fighting with a strong welcome bonus and strong points earning potential all the while providing the benefits and redemption options we have become accustomed to from American Express.

This card is taking what American Express has done with other cards in regards to the welcome bonus and points earning. For the welcome bonus, not only do you get bonus points for getting the card and completing a minimum spend within three months - you will also get additional bonus points if you can spend a set amount on the card each month. All told the card can give you 42,000 Membership Rewards Select points in the first year of cardmembership.

Welcome Bonus
In your first year as a new Business EdgeTM Cardmember, you can earn 30,000 Membership Rewards® points when you charge $5,000 in purchases to your Card in your first three months of Cardmembership, and an additional 1,000 points each month that you spend $3,000. This could add up to 42,000 points in a year. The 1,000 points each month is a continuous bonus that the card features and will be awarded to you for the life of the card as long as you hit that $3,000 in monthly spending.

Annual Fee
$99

Additional Cards: No annual fee

Earning
Earn 3 times the points for Card purchases on eligible business essentials including:

•    3X the points on Eats & Drinks
•    3X the points on Rides & Gas
•    3X the points on Office Supplies & Electronics

Up to a maximum of 75,000 points, and then earn 1X the points on all other purchases.

As mentioned above, you will rewarded with 1,000 bonus points each month you have $3,000 in spending on the card.

Redeeming
•    Get choice and flexibility by using points for purchases or redeeming them for a wide range of travel, dining, entertainment and retail rewards options.
•    Use points to book travel within Canada or anywhere in the world with American Express Travel.
•    Redeem points for statement credits to offset any eligible purchase charged to your Card.
•    Shop with Points at Amazon.ca.
•    Use points for a wide range of gift cards and merchandise.

Related: A closer look at the Membership Rewards Fixed Points Travel program

And as is seen with other Membership Rewards select cards, you can convert your points to other loyalty programs, namely hotel programs. Those are  Hilton Honors and Marriott Bonvoy. The conversion ratio from MR Select to Marriott is 1,000 points = 1,200 points which means the 3 points per dollar this card earns equates to 3.6 Marriott Bonvoy points for every dollar spent. Max out at the 75,000 points annually and you are looking at 90,000 Marriott Bonvoy points per year. That's a pretty decent Marriott points earn and considering we value Bonvoy points at no less than 1 cent a piece that's $900 in value right there!

Related:  Step by step guide to converting points from your American Express Card to Marriott Bonvoy 

Between the welcome bonus and the accelerated earn rates the American Express Business EdgeTM Card storms onto the market as one of the most rewarding small business cards in Canada. Many of the other cards in this space don't even come close to earning points (valuable points at that!) like this card does. Throw in those 42,000 points in the first year as well and you can see this card is a winner!





Disclaimers: 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. 
This post was not sponsored. The views and opinions expressed in this review are purely my own.

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