American Express Launches New Low Rate Credit Card In Canada

TORONTO, Aug. 17, 2016 /CNW/ - Today American Express Canada launches the new Essential Credit Card into the Canadian market, allowing Cardmembers greater payment flexibility.  The new Card, with no annual fee, offers Cardmembers our current lowest ongoing interest rate* of 8.99%, and allows them to pay their balance over time.

"We want our Cardmembers to be able to enjoy the ease and flexibility of making purchases – big or small – and the new Essential Credit Card does just that," said Aileen Kheraj, Vice President, Marketing. "For us, we're passionate about providing Canadians with breadth and choice when it comes to Card products to suit their individual lifestyles."

The Essential Credit Card provides a low ongoing interest rate for Cardmembers and allows them to carry a balance over time while making minimum monthly payments. On top of that, the Card offers many of the benefits Amex Cardmembers have grown to love and expect from the brand, including:

• Travel Accident Insurance
• Buyer's Assurance Protection
• Purchase Protection
• Emergency Card Replacement
• 24/7 Customer Service
• Fraud Protection Guarantee
• Amex Invites
• Front Of The Line access to the hottest entertainment

To learn more about the American Express Essential Credit Card, visit https://www.americanexpress.com/ca/en/content/essential-credit-card/

*Accurate as of August 15, 2016. This is not a promotional rate and does not have a predetermined expiry date. This does not guarantee that the rate will not increase in the future. American Express reserves the right to periodically increase interest rates in accordance with the Cardmember Agreement and applicable law. American Express also reserves the right to offer a credit card with a lower interest rate at some point in the future.

About American Express Canada

American Express in Canada operates as Amex Bank of Canada and Amex Canada Inc. Both are wholly owned subsidiaries of the New York based American Express Travel Related Services Company, Inc., the largest operating unit of the American Express Company. Amex Bank of Canada is the issuer of American Express charge and credit cards, with outstanding products like The SimplyCash™ Card from American Express©, The American Express® Gold Rewards Card, and the American Express® AeroplanPlus® Gold Card. American Express opened its first offices in Toronto and Hamilton in 1853. For more information, visit AmericanExpress.ca or connect with us at Facebook.com/AmericanExpressCanada and YouTube.com/AmericanExpressCAD

SOURCE American Express Canada

Erica Tiangco, American Express Canada, 416-320-3049, [email protected]