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[ANALYSIS] List of Charged Cards in Canada

Charge Cards are actually not that common in Canada, considering that only one company, American Express, offers these types of cards. The main difference between a credit card and a charge card is that there is more financial flexibility with charge cards because there is no credit limit.

The most important catch is that you need to pay your balance is full each month, or else interest will be calculated on the full balance immediately. The other significant catch is that the interest rate is generally higher than with a credit card. Lastly, they affect your credit score a little differently, mostly because you do not have a set credit limit.

If you can pay your balance in full every month, these are great cards to consider. American Express Canada offers a wide variety of charge cards: (in order of highest annual fee to lowest)

American Express Platinum Card

  • $699 annual fee
  • Earn 60,000 sign up bonus points when referred (50,000 without referral) when you spend $1,000 in the first three months
  • Earn 15,000 points for each approved referral
  • Earn 1.25 points for every $1 spent on all purchases

American Express AeroplanPlus Platinum Card

  • $499 annual fee
  • Earn 41,000 sign up bonus points when referred (40,000 without referral) when you spend $1,000 in the first three months
  • Earn 15,000 points for each approved referral
  • arn 1.25 point for every $1 spent on all purchases on the first $25,000 purchases annually (anniversary date)
  • Earn 1.5 point for every $1 spent on all purchases over $25,000 annually (anniversary date)

American Express Business Platinum Card

  • $399 annual fee
  • Earn 50,000 sign up bonus points when referred (40,000 without referral) when you spend $5,000 within the first 3 months
  • Earn 10,000 points for every referral
  • Earn 1.25 point for every $1 spent on all purchases

American Express Business Gold Rewards Card

  • $250 annual fee (first year annual fee waived)
  • Earn 40,000 sign up bonus points when referred referred (30,000 without referral) after spending $5,000 in the first 3 months
  • Earn 10,000 points for every referral
  • Earn 1 point for every $1 spent on all purchases
  • Earn 1 additional point for every $1 spent at 3 suppliers of your choice to a maximum of 250,000 additional points each calendar year

American Express Air Miles Business Card

  • $180 annual fee
  • Earn 2,000 sign up bonus points after you spend $5,000 in the first 3 month
  • Earn 1 point for every $10 spent at Air Miles sponsors
  • Earn 1 point for every $15 spent on all other purchases
  • Receive a 25% discount on items redeemed from the Air Miles For Business Rewards catalogue

American Express Gold Rewards Card

  • $150 annual fee (waived the first year)
  • Earn 25,000 points when you spend $500 in the first 3 months
  • Earn 2 points for every $1 spent on eligible travel (flights, hotels, car rentals, cruises, etc.) purchases, as well as gas, groceries and drug stores.
  • Earn 1 point for every $1 spent on all other purchases.

American Express AeroplanPlus Gold Card

  • $120 annual fee
  • 2 free supplementary cardholders, $50 for any additional ones
  • Earn 26,000 sign up bonus Aeroplan points when referred (25,000 without referral) when you spend $500 in the first three months
  • Earn 10,000 Aeroplan points for each approved referral
  • Earn 1 point for every $1 spent on all purchases on the first $10,000 purchases annually
  • Earn 1.25 point for every additional $1 on purchases over $10,000 annually

American Express AeroplanPlus Card

  • $60 annual fee (waived the first year)
  • $20 for supplementary cardholders (waived the first year)
  • Earn 5,000 sign up bonus Aeroplan points after first use
  • Earn 1,250 Aeroplan points for each approved referral
  • Earn 1 point for every $1 spent on all purchases

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Pointshogger aims to provide analysis and updates on earning loyalty reward points and maximizing the value of your points. We hope to inspire our readers to experience the joy of travel and make the most out of what they've already got!

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