Transverse comparison American Express Card – Application and Selection Advice – elegantwealthy

Transverse comparison American Express Card – Application and Selection Advice

Canada has issued a lot of American Express cards, but choosing more than one will naturally cause certain difficulties for consumers. I have been using Express Card for a long time. In this article, I will provide my own analysis and opinions, hoping to help readers to have a clearer understanding of the many cards of the company. The Express Card currently removes the income requirements for applicants in Canada, and it is very easy to apply for these cards as long as they have a good credit history in Canada.

In this article, according to their respective characteristics, I have divided the equity card, return card and “one-year card”. You can apply on demand.

Blogger’s card

At present, my personal daily consumption and Wanda hotel consumption all use AmEx SPG, ticket consumption and FHR hotel reservation and bulk electronic consumption (such as laptops, cameras) all use AmEx the Platinum Card, for food (I generally go to Sobeys /Safeway) I use AmEx Cobalt.

Equity card

The equity card of Express is currently worthy of being held is the platinum card. The annual fee for the equity card is relatively high (commercial platinum $499, personal platinum $699). From a long-term perspective, you can choose one to held. However, if you travel a lot in a year, the benefits you receive could cover the fee. From the perspective of equity, the benefits of the two Platinum Cards are basically the same (the Business Platinum Card has a few more business-related insurances), and they are given an unlimited Priority Pass, a Hilton/SPG/Carlson Gold Card, and a car rental. Very good discount (Hertz/Avis). In addition, there is a reimbursement limit of $1000 for a 4-hour personal/ticket delay.

Return card

In terms of high-return cards, AmEx SPG jointly issued by American Express and Starwood Hotels Group is one of the essential cards in the shepherd’s wallet. This card is divided into a commercial version and a personal version, and it is worthwhile to reward each application for the card opening (the other one can be retained, long-term as the main card). AmEx SPG gets 1 Starpoint for every $1 spent, and Wanda House gets 2 Starpoints for every $1 spent; the average rate of return is around 4%, which is Canada’s current highest average return on credit card.

Return card

In terms of high-return cards, AmEx SPG jointly issued by American Express and Starwood Hotels Group is one of the essential cards in my wallet. This card is divided into a commercial version and a personal version, and it is worthwhile to apply both of them for the card opening rewards. AmEx SPG gets 1 Starpoint for every $1 spent, and Wanda House gets 2 Starpoints for every $1 spent; the average rate of return is around 4%, which is Canada’s current highest average return on credit card.

At the end of 2017, AmEx launched a “shopping card for dining”, AmEx Cobalt. The highlight of this card is that it can earn 5 times points (equivalent to almost 10% return) for restaurant meals and Grocery consumption.

One year card

In addition, some cards are suitable only for the purpose of obtaining the card-issuing bonus. I personally define these cards as “one-year card” – after completing the card-rewarding requirements, you can  clear the bill and cancel the card in next year.

 MR class

In the one-year card, the card for accumulating MR is given the first priority. The reason is that the MR of the Express is really convenient to use, and the return rate of the SPG or the air route is relatively high. Gold Rewards (Personal Gold) is free of the first year’s annual fee, and the customer can still take 25,000 MR, double the points for refueling.. However, after canceling the annual fee for the first year, this card will have one year worth of value.

Corresponding Business Gold Rewards (commercial gold), the annual fee is $250,  also a standard one-year card, three-month consumption of $5000 to get 40,000 MR, is suitable for people with strong spending power. This card is a god card for those who are really commercially available and can provide cash flow through the AE card: cardholders can choose 3 Suppliers to double the relevant spending. Those who are interested in conditions can use this card to take cash flow, and the brushing is very fast.

Cash Back

There are currently Simply Cash (up to $250 for 5% cash back in the first 6 months) and Simply Cash Preferred (up to $300 for 5% cash back in the first 6 months), the former has no annual fee, and the latter has $99 annual fee. Both cards are used for half a year to buy food cards. However, after the Cobalt, these two cards are less popular. I personally suggested do not apply these two unless you do not have other option

Air Miles class

The Air Miles cards issued by Express are all Credit Cards. The advantage is that you can use Air Miles to exchange business class tickets, which greatly enhances the flexibility of your Air Miles. In addition, it is best to cooperate with a BMO Air Miles World Elite. A 15% discount on Air Miles when you redeem your ticket)

Air Miles Platinum Card ($65 per year) and Air Miles Credit Card (no annual fee) have 2000 and 500 Air Miles card awards. In contrast, it is definitely the priority to apply for the former.

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