American Express Essential™ Credit Card | Shop Canada's Best Credit Cards | Compare Credit Cards | shoptherate.ca

American Express Essential™ Credit Card

Card Details

Network: American Express
Provider: American Express
Type: Low Interest, Balance Transfer
Credit Required: Good Credit

Offers & Rewards

1.99% Introductory rate on Balance Transfers for 9 months*

Fees & Rates

Intro Balance Transfer Rate:
1.99% for 9 months
Purchases: 8.99%
Cash Advances: 8.99%
Balance Transfers: 22.99%
Annual Fee: $0.00

  • Enjoy a low 8.99% interest rate on purchases
  • Have the flexibility to pay your balance in full or over time
  • Optional Balance Transfer Offer  – Enjoy a 1.99% interest in first 6 months of Cardmembership if you choose to transfer your other credit card balances to this American Express card* 
  • Balance Transfer option is only available at time of online application. There is no balance transfer fee at time of application*
  • Access to memorable experiences with American Express Invites™
  • Shopping coverage and 24/7 Customer Service

Editor's Review

The American Express® Essential™ Credit Card recognizes how essential it is for you to save your money. The credit card carries no annual fee and has a low purchase interest rate tallying 8.99%. If you do a lot of balance transfers, the card comes with an optional offer where you can enjoy a 1.99% interest rate on such transfers within the first six months. You can also transfer up to $7,500 from your balance without paying any fees. Eligibility for this card is open, with a good credit history and minimum income requirement of $15,000 a year required. And you won't have to pay extra fees when adding cardholders.

While there’s not much regarding perks with this card, you do get front-line access to special offers and experiences. During travel, you can fly or drive knowing that this card comes with a $100,000 travel accident insurance plan. You also get shopping protections to prevent unauthorized transactions. It’s a card that offers you bailouts anytime you feel overwhelmed when facing credit card balance payments.


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