The American Express Blue Sky Card - Best No Fee Travel Rewards Card in Canada?
The American Express Blue Sky card has returned to the Canadian market, better than ever. After a little re-tooling, it now offers a $100 sign-up bonus, no annual fee & Canada’s richest rewards rate for a no fee travel card – 1.25% on ALL purchases!
That’s a better rewards rate than any other no annual fee cash back credit card or travel rewards card on the Canadian market. In fact, it offers a rewards rate that is comparable in value to many premium travel rewards cards without the annual fee, making it a great choice for many Canadians who can no longer get a no-annual fee travel card from TD, RBC, CIBC or Scotia.
Aside from having no annual fee, we love the flexibility it gives you to book through any airline, travel agency or website and take advantage of last minute deals to any destination, with no black out dates and points that never expire. We also like that you can use your points to pay for any travel item on your credit card statement – up to 12 months after your purchase. To top it off, American Express is also giving a 10,000 point sign-up bonus, which is worth $100 – huge for a no annual fee credit card!
Earning Points on The American Express Blue Sky Card
Earning rewards on the American Express Blue Sky card is simple, you get 1.25 points per dollar spent. Each 100 points is worth $1, making each point worth 1%. Because you’re earning 1.25% on ALL your purchases, your effective earn rate is 1.25% per dollar spent.
There is no annual fee, no caps on the amount of points you can earn, no tiers to qualify for the best rewards rate and you’re points last forever. You don’t have to worry about which stores you can earn points on or not – you earn 1.25 points on all purchases. Simple and transparent.
Comparison to Other Rewards Cards:
When we compare the earn rate of 1.25% to other no annual fee Canadian credit cards, we come away very impressed. The no-fee Capital One Aspire Cash Back card offers 1% cash back, the no-fee BMO Air Miles card offers 1 point for every $20 of spend which comes out to a .66% earn rate and the no-fee President’s Choice Mastercard provides 1% per dollar spent as well.
All in all, whether compared to no fee cash back cards, travel cards or retail cards, the 1.25% earn rate on all purchases offered by American Express is better than any other no fee card we’ve reviewed. In fact, we think it offers better value than many of the premium cards with an annual fee!
One of the most unique features of the American Express Blue Sky Card card is that it allows you to book your travel first, then redeem your points to cover your travel costs as a statement credit after.
- Make any travel related purchase (flights, trains, cruises, resorts, hotels, travel packages, car rentals, etc…)
- Wait for your travel purchases to appear on your credit card statement
- Apply your points to your travel purchases on your credit card statement (10,000 points = $100)
This gives you complete flexibility. You can book online, through a travel agent, or buy a packaged tour to any destination, on any flight, with no blackout dates, seat restrictions, or extra points for high season. That type of flexibility is worth a lot. In fact, it’s even better than an RBC Avion or CIBC Aventura, where you have to book through their rewards center and can’t redeem for travel packages or tours not offered by them.
You have 12 months after you’ve made your purchase to apply your points to a travel related purchase and receive a statement credit. That mans you don’t even have to have the points at the time of you book your trip. Also, you can pay for all of your taxes and fees with your points, something you still can’t do with Aeroplan (which for the life of me I can’t understand).
Card Type and Interest Rate
The American Express Blue Sky card is classified by Amex as a ‘credit card,’ rather than a charge card (which has higher interest rates). The card comes with a 19.99% interest rate on purchases and 22.99% on cash advances.*
Purchase interest rates can increase to 23.99% and/or 26.99% in the event that multiple payment dates are missed. Be sure to read through the card’s other relevant interest rates before you apply.
Blue Sky Credit Card Fees
|Supplementary Card Fee||$0 each|
|Foreign Transaction Fee||2.5%|
|Funds Advanced||$2.75 each|
|Balance Transfer/Amex Cheque||3% each|
Eligibility requires Canadian residency, a Canadian credit file and age of majority in the province or territory where you live.
- People who want a no annual fee travel rewards card
- People looking for a strong rewards rate (1.25%) on all categories of spend
- People who value flexibility because you can redeem for any travel – before or after it’s purchased, with any airline/hotel/resort, with no black out dates and points that never expire
- People who like to travel, because you have to redeem your points for travel
*American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link.