Card Review & Application

American Express AIR MILES Credit Card

4.5

out of 5

- Earn a Welcome Bonus of 150 AIR MILES®* reward miles the first time you use the approved Card
- Earn 1 reward mile for every $15 in Card purchases at AIR MILES®* Sponsors
- Earn 1 reward mile for every $20 in purchases you charge to the Card everywhere else
- Shop at participating AIR MILES®* Sponsors across Canada with your American Express® AIR MILES®* Credit Card and your AIR MILES®* Collector Card, and you can earn reward miles twice
- More than 1000 rewards to choose from! Redeem for a wide range of rewards - everything from movie tickets to electronics, travel and more



Introductory APR: N/A*
Introductory Period: N/A
APR on Purchases: 19.99% *
Annual Fee: $0*
Card Issuer: Amex Bank of Canada
Card Network: American Express
Card Category: Consumer (Regular)
Card Type: - Instant Decision
- Reward Card
Credit Needed: Good*

The American Express Air Miles Credit Card is somewhat remarkable for several reasons, the most obvious of these being the fact that it has no annual fee. The moderate but variable APR is fair, even after it adjusts due to missed payments.

The variable APR works on a 12 billing period cycle, meaning that if you consistently make your payments on time, you will ensure the lowest possible rate for the life of your account in Canada.

You may also like that there is a 21 day interest-free grace period that allows you time to pay off the balance in full without any interest charges. This only applies to actual purchases and not cash advances, AMEX cheques, or balance transfers, however.

Obviously, as the name implies, you can earn reward miles on every purchase. In this case, the ratio is 1 mile for every $20 purchased on the card. If you join before March 14, you can also get another 150 bonus miles!

However, there are other bonuses, like Front of the Line entertainment access, which gets you special entertainment savings and promotions just for being a member. You can also get extra savings at over 9600 affiliate store locations across Canada. Just show your Air Miles card and get reward miles from both the Sponsor purchase and from American Express.

Although there is no annual fee, other standard fees apply. These include small amounts for funds advances, dishonored payment, statement reprints, Reward Miles reinstatement, and over-the-limit fees. There is also a variable fee for currency conversion that, of course, charges in Canadian dollars.

However, all conversions for this card will first convert into U.S. dollars if the final currency is not into Federal Reserve notes. As with most foreign exchange, fees can vary depending on the bank involved and the value of currency in the desired currency.

If you live in Canada and are looking for a new credit card, these are the requirements that you need to have to get American Express Air Miles Credit Card. First, you need to have a Canadian credit file and a local address. You need to also be of the required age in your particular province or residence territory.

Amex asks that you have an income of at least $15,000 and have no record of bankruptcy within the last seven years and no record of late or defaulted payments on any other credit account.

Disclaimer: This content is not provided or commissioned by American Express Canada. Opinions expressed here are author's alone, not those of AMEX Canada, and have not been reviewed, approved or otherwise endorsed by American Express Canada.


The review prepared by

Reward Types: - Airline Rewards
- Travel Rewards
- Universal Rewards
Reward Unit: Miles
Rewards: - a Welcome Bonus of 150 AIR MILES®* reward miles the first time you use the approved Card
- 1 reward mile for every $15 in Card purchases at AIR MILES®* Sponsors
- 1 reward mile for every $20 in purchases you charge to the Card everywhere else
Expiration: None*
Yearly Limit: None*
Other Benefits: - Front of the Line®
- 5% or more discount at participating Budget locations
- $100,000 Travel Accident Insurance
- American Express Assured Reservations
- Travel Services
- Emergency Card Replacement
- 24/7 Customer Service
Comments: - 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.
*Conditions apply
Online Account Access: Yes
Introductory APR: N/A*
Introductory Period: N/A*
APR on Purchases: 19.99% *
Annual Fee: $0*
Grace Period: See T&C**
Late Payment Fee: N/A*
Over Limit Fee: $20.00
Balance Transfer: No
APR Cash Advances: 25.99%
Cash Advance Fee: 3.00%
Minimum Fee: $10.00
Additional Fees - Funds Advance Fee: $2.75 each
- Dishonoured Payment Fee: $25.00 each
- Statement Reprint Fee: $3.00
- Front Of The Line Fee: $3.50 per ticket
- Charges made in foreign currencies: The conversion commission is 2.5% for each charge
We do not offer online application for this card at the moment.


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* Published on Aug 7, 2015. Information relating to the American Express AIR MILES Credit Card may change without notice as a result we cannot guarantee the accuracy of details above. It is important you read the terms and conditions attached to a product before submitting the application.




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