The cheapest way to collect transferable Membership Rewards points in Canada. Earn rates and insurance are bare-bones, but at $0 a year it is a useful keeper card.
At a glance
Annual fee
No annual fee
Welcome bonus
~$200
Foreign tx fee
2.5%
Network
AMEX
Rewards
points
Purchase APR
21.99%
Rewards & earn rates
All purchases
1x
Welcome offer: 10,000 Membership Rewards points (Spend $1,000 in purchases in the first 3 months).
Pros & cons
Pros
Rare no-fee access to fully transferable Membership Rewards points
Decent 10,000-point welcome bonus for a no-fee card
Cons
Flat 1x earn rate everywhere
Essentially no travel insurance coverage
Perks & insurance
Key perks
No annual fee, including free additional cards
Full Membership Rewards flexibility: transfer 1:1 to Aeroplan, Avios and other partners
Redeem points as statement credits on any purchase (1,000 points = $10)
Amex Experiences and Front Of The Line presale tickets
Insurance
Purchase protection up to $1,000 (90 days)
Extended warranty (+1 year)
Rates & fees
Annual fee
None
Purchase interest
21.99%
Cash advance
21.99%
Foreign transactions
2.5%
Last updated June 7, 2026Reviewed by CreditCardGuru Editorial Team
