Amex Rolls Out SMB Card With Employee Misuse Protection

American Express has announced the rollout of a new small business credit card product for Canadian clients.

On Wednesday (Oct. 16), American Express Canada announced the launch of the American Express Business Edge Card designed to support spend management for SMBs in the country.

In addition to earning rewards points on business-targeted purchases like office supplies, the card provides choice in how small businesses redeem those points, including for business trips, employee gift cards or personal travel.

The card integrates a suite of business expense management solutions as well as insurance coverage to protect against employee misuse of the card, car theft and other risks.

“We know a one-size-fits-all approach doesn’t work for today’s small business owners,” stated Paul Roman, American Express Canada vice president and general manager, in a statement. “Every business is unique, and this card reflects that. With this launch, we’re backing business owners by offering them a card that supports their evolving cash flow needs while truly rewarding them for the way they do business every day.”

In July, American Express debuted another small business credit card in the U.S., its Blue Business Card. That tool similarly focuses on spend management and cash flow solutions, connecting business users to Amex’s Expanded Buying Power solution, which allows companies to make purchases beyond the card’s limit without penalty. At the end of their billing cycle, small businesses can pay the portion above their credit limit in full, and choose how to repay the remainder of that balance.

In August, the company rolled out a corporate travel credit card for small businesses in Singapore through a collaboration with Singapore Airlines. That tool targets business travel and expense management services for SMB users, with integrated travel insurance, access to airport lounges and other business travel-related benefits.