Emma Balmforth is a Producer at Finder. She is passionate about cryptocurrency, credit cards and loans, and enjoys helping people understand the often confusing world of finance. Emma has a degree in business and psychology from the University of Waterloo. She wants to help people make financial decisions that will benefit them now and in the future.
Get this card if you spend big on gas, travel, groceries and other everyday expenses.
Pick something else if you don’t want to pay an annual fee or don’t pay off your balance in full each month.
Apply with a good to excellent credit score of 650 or higher.
The American Express Gold Rewards Card offers a welcome bonus of 25,000 Membership Rewards points, which can be transferred to other frequent travel rewards programs including Aeroplan. This rewards card earns you 2 Membership Rewards points per $1 spent on eligible travel, gas, grocery and drug store purchases, 1 point for every $1 spent on all other purchases.
Since the Gold Rewards Card is a charge card, you are required to pay off your full balance each billing cycle. In addition, the card comes with an annual fee of $150, however an additional card is provided free of charge. Subsequent cards will be charged $50 value annually.
If you’re a travel enthusiast, the American Express Gold Rewards Card can be the perfect travel companion. With an accelerated rewards scheme, a suite of travel insurance and flexibility with other travel rewards programs, you can find yourself travelling the world with peace of mind in no time.
To receive 25,000 Membership Rewards points, you will need to be a new cardholder and spend at least $1,500 in purchases in your first 3 months of card membership.
Payback with points.
Pay for an eligible purchase with your card and then log in to your online account and redeem your Membership Rewards points for statement credit, which you can use to pay back your owing balance.
Earn 2 points per $1 spent.
Earn 2 Membership Rewards points for every $1 spent on eligible travel, gas, grocery and drug store purchases.
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Earn 1 point per $1 spent on everything else.
Earn 1 Membership Rewards point per $1 spent on all other purchases. You can also earn 1 additional point for every $1 you charge on your card when spending on eligible hotel or car rental bookings made via American Express Travel.
The Hotel Collection perks.
The Hotel Collection (THC) benefits includes $100 hotel credits and a room upgrade upon check-in to participating properties like Hyatt and Hilton hotels. Book through American Express Travel and use your hotel credit on amenities such as spa, dining and resort activities when you charge your card for two or more nights stay at the same hotel.
Travel insurance coverage.
You can look forward to Emergency Medical Insurance, up to $500,000 Travel Accident Insurance, Trip Interruption Insurance, Hotel/Motel Burglary coverage, Lost, Stolen and Delayed Baggage coverage, Flight Delay Insurance and even Car Rental Theft and Damage Insurance.
Transfer your Membership Rewards points to other frequent travel programs including Aeroplan, Delta SkyMiles, Asia Miles, Etihad Guest and more. Rewards points can be transferred to Aeroplan Miles at a rate of 1 to 1.
Fixed Points Travel Program
Redeem points to book domestic or international flights for a fixed amount of points with the Fixed Points Travel Program. The fixed number of points covers correspondingly the required base ticket price of the eligible flights.
Buyer’s assurance doubles the manufactures warranty (up to one year) when you use your American Express credit card to purchase the item. Your eligible items are also covered against theft and accidental damage with Purchase Protection.
Access to American Express perks.
American Express offer a range of opportunities to cardholder-only experiences and preferred seating at select events. Get access to a variety of special offers including concerts, theatre, film, dining, shopping and travel perks with American Express Invites.
What to watch out for
The American Express Gold Rewards Card comes with an annual fee of $150. One additional card is offered free of charge. Subsequent cards will be charged annually with $50.
It’s a charge card.
Since the Gold Rewards Card is a charge card, you will be required to pay off the full balance each month. If you don’t, you will face a 30% APR.
Not as widely accepted overseas.
Compared to Visa and Mastercard, American Express is much less widely accepted in locations across Canada, the US and around the world. This might provide you with less opportunity to use the card, and therefore less opportunity to reap the rewards.
It hurts to pay late.
30% annual interest rate applies to balances not paid in full.
Consider other cards if …
You want cash back.
If you’re looking to reap the benefits of cash back, you may want to consider a cash back rewards card. These types of cards typically offer anywhere from 1-5% cash back on purchases. If you spend frequently on gas, groceries and dining out, a cash back rewards card may be more beneficial for you than this credit card.
You don’t want to pay an annual fee.
The American Express Gold Rewards Card comes with a $150 annual fee. Although the card may be worth the annual fee, especially if you make full use of the perks and benefits offered, you may still prefer a no fee credit card. There are plenty of no fee credit cards offered by various providers, as well as a couple offered by American Express.
You’re looking for premium travel perks.
American Express are well known for their premium travel perks, including extensive travel insurance coverage, valet service, access to airport lounges worldwide, free checked baggage deals with airlines and more. If you’re looking for top of the line perks, you may be better suited to a different American Express card that offers a range of premium and luxury travel benefits.
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What should I know before I apply?
To apply for the American Express Gold Rewards Card, you must:
Be at least 18 years old, or the age of majority in your province or territory.
Be a Canadian citizen or a permanent resident with a valid Canadian credit file.
What credit score do I need?
You’ll have a better chance of approval if you apply with a good to excellent credit score of 650 or higher. In addition to having a good credit score, a relatively high annual income or combined household income may be beneficial for approval.
Here are a few other factors that might affect your odds of approval:
Hard inquiries on your credit report. If you have several hard pulls on your credit history, it could indicate to a provider that you’re desperate for credit or have trouble managing your debt. As a result, the provider may be less likely to approve your application.
Factors that tie into your credit score. Your credit utilization ratio can play a major factor in your approval. Customers who have low balances relative to their credit limits are usually preferable to providers.
What do customers say about this credit card?
Customers say very positive things about the American Express Gold Rewards Card. With a large welcome bonus of 25,000 points, a good point to dollar earn ratio, an extensive suite of travel insurance and many other perks, customers cite that they are pleased with the benefits of this travel rewards card. Customers say that the benefits offset the annual cost of the card.
On the other hand, customers state that American Express tend to have inflexible company policies. However, the American Express customer service team are praised for their prompt and helpful service.
How to apply for the American Express Gold Rewards Card
Click Go to site on this page to be directed to the American Express Gold Rewards Card page, and click Apply Now Securely.
Complete the application with information including your full name, home address, income source and total annual income.
Review and submit your application.
How long will it take to get my American Express Gold Rewards Card?
Pre-approval for an American Express credit card is automated on the website, which means you may get a decision on your application within just 60 seconds. If there are issues with your application, it may take within 10 days to hear back.
Once your application has been approved, you’ll typically receive your card in the mail within 5 to 10 business days.
I got the card. Now what?
Pay off your full balance each month. Register for an account on the American Express website to pay your balance online and enrol in autopay. The American Express Gold Rewards Card is a charge card, so you will need to pay off the full balance each billing cycle. A 30% APR applies to any balances not paid in full.
Avoid fees. Late and returned payments will incur fees, so be sure to pay on time. If you’re enrolled in autopay, be sure to have enough funds in your account to pay off your balance each billing cycle.
Get help. If you’re not able to find what you need on the American Express Canada website, call 1-800-268-2639 to speak with a customer service representative.
If you spend frequently on gas, groceries and other everyday expenses, the American Express Gold Rewards Card can be a powerful sidekick. While the card is tailored toward travel enthusiasts, you can use your Membership Rewards points for a variety of other experiences, including redeeming them for statement credit.
While the American Express Gold Rewards Card comes with an annual fee, customers cite that the fee is offset by the many rewards offered by American Express. Before you apply for a credit card, compare your options in order to find the best card for your spending habits and needs.
Frequently asked questions about the American Express Gold Rewards Card
You may enrol in the Membership Rewards Program for an annual fee of $50, plus applicable taxes. Once you’re a member, your points give you access to a variety of travel and entertainment experiences, merchandise, gift cards and more.
Your balance will be charged at a rate of 30% APR.
Log in to your account on American Express and navigate to the “My Points” page. You will be able to see your points balance once on this page.
In Canada, American Express is the only major provider that offers charge cards.
Yes, most cards offered by American Express do, however the offers differ as well as the annual fees of each card. Many other credit card providers offer welcome bonuses too with less steep annual fees.
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