vPayment | American Express Canada (2024)

FAQs

Does American Express approve instantly? ›

American Express gives instant approval on its credit cards, but only some of the time. Instant approval always is possible when applying for an American Express credit card online, though getting approved for an account immediately is never guaranteed.

vPayment is a virtual payment solution that assigns a Virtual Card to each transaction. Users are also able to set a specific pre-authorization. payment amount, date range, and transaction details to help control spend and facilitate reconciliation processes.

American Express Cards are warmly accepted at thousands of Merchants across Canada. Enjoy all the benefits, convenience and security of an American Express^® Card - with the added bonus of earning points for travel when you use your Card.

How to Redeem American Express Cash Back Rewards. To redeem Reward Dollars: Log into your American Express account and click “Use Reward Dollars.” Enter the amount of Reward Dollars you'd like to use as a credit toward your next statement balance and the credit will usually appear within three days.

The card issuer will give you an immediate decision after you submit your application. If you're approved, you'll typically receive a confirmation shortly after submission. If your application is pending, you can use the application status page or call the application status hotline to find out if you've been approved.

A low credit score, a history of late payments, and high debt are common reasons for application denial. Credit card reconsideration doesn't guarantee approval, but you might be able to qualify for that same card in the future.

American Express (AMEX) Virtual Pay is a FREE virtual prepaid card linked to your GCash account and is available to Fully Verified GCash users with an active email address.

Virtual Payments is included in your current acceptance contract with American Express, no additional enablement or activation is required from your side. How do I accept Virtual Payments? You should simply key the Account number and expiry date, as you would for a standard Cardholder-not-present transaction.

American Express Cards are accepted around the world, so you can easily use your Card to make purchases while you are overseas. Here are some useful pre-travel tips: You don't need to call in to tell us you are traveling. Your card will work across the globe wherever American Express is accepted.

Is it worth getting an Amex in Canada? ›

With American Express gaining a strong foothold in the Great White North, they offer everything from no-fee options to luxury cash back credit cards. Whether you want to pay less interest or get travel discounts, there is likely an Amex card on the market that can meet your needs.

Amex has many great cards, and it's the only bank that does not discriminate by income and has no minimum income requirement for any of its cards (not even Canada's most premium card, with a $799 annual fee and luxury travel benefits like unlimited access to VIP airport lounges).

Can I use my Card to withdraw cash at an ATM? The Express Cash and Cash Advance programs allow you to use your Card along with a Personal Identification Number (PIN) to withdraw cash at participating ATMs worldwide.

The redemption of Points for Credit will be applied within 3 business days. It cannot be reversed and is not redeemable for cash via a credit balance refund.

American Express cards can only be used at ATMs with an American Express logo. U.S. Bank issued American Express cards don't require an ATM logo.

It takes approximately 14 business days to process a new application.

You should receive your new Card in 7 to 10 days. For the security of your account, we'll mail your new Card in a white envelope that has the American Express logo with an Omaha, NE return address.

It is hard to get an American Express credit card because all cards offered by American Express require good credit or better for approval, which may be out of reach for the average consumer. Applicants need a 700 credit score and a steady income to have good approval odds for an American Express credit card.

Yes, American Express does a hard inquiry on your credit report when you apply for a card, but it only takes place after you are approved for the card and choose to accept the offer. If your application is denied or you are approved but choose not to accept the card, there will only be a soft inquiry.