Financial Information
Card TypeCredit Card
Annual Fee$25
Annual Interest Rate12.99% on purchases and funds advances*
Additional CardsNo annual fee1
Featured Benefits
Low annual interest rate of 12.99%
Take advantage of a 12.99% interest rate, if you choose to carry a balance and make your minimum monthly payments on time.
Access unforgettable experiences
Enjoy exclusive ticket access, virtual events, live performances and more with American Express® Experiences.2
Shop with confidence
Benefit from coverage that can help protect your eligible card purchases – from your favourite local boutique to your online shopping cart.
All Benefits
Eligibility
To save time, make sure you can say yes to all of the following before applying for the American Express EssentialTM Credit Card:
- You are a Canadian resident and have a Canadian credit file
- You are the age of majority in the province or territory where you live
Important Information
*Subject to approval. The preferred rate for purchases and funds advances is 12.99%. If you have 2 separate Missed Payments, the applicable rates for your account will be 25.99%. If you have 3 separate Missed Payments, the applicable rates for your account will be 28.99%. See the information box included with the application for the definition of Missed Payment and which rates apply to charges on your account and other details.
Live life your way and get rewarded for it with the American Express Cobalt® Card
From earning points on your favourite things to exclusive Perks designed with you in mind – get rewarded for your lifestyle.