American Express Gold Rewards Card Review

Last updated:  

Travel wherever and whenever you want with the flexibility of the American Express Gold Rewards Card.

N/A

Purchase Interest Rate

$150

Annual Fee

N/A

Balance Transfer Rate

Details

Product NameAmerican Express Gold Rewards Card
RewardEarn 2 Membership Rewards points for every $1 spent on eligible travel, gas, grocery and drug store purchases and 1 point for every $1 spent elsewhere
Welcome OfferReceive 25,000 bonus Membership Rewards points when you spend $1,500 within the first three months of membership.
Purchase Interest RateN/A
Cash Advance RateN/A
Balance Transfer RateN/A
Interest Free Period Up to 31 days
Go to site
More Info

30-second take

  • 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 basics

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.

The perks

  • 25,000 Membership Rewards points welcome bonus offer.

    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.

You’ll also like …

  • 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.

What to watch out for

  • Annual fee.

    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.

Compare other American Express credit cards

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 2,000 bonus AIR MILES® when you spend $1,500 within the first three months of membership.
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership.
You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else.
Receive 2,400 AIR MILES® when you spend $3,000 within first three months of membership.
1.99% balance transfer offer in the first 6 months. No balance transfer fee upon application
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.
Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
19.99%
22.99%
$99
Earn up to 42,000 Membership Rewards® points in the first year of card approval.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 2,000 bonus AIR MILES® when you spend $1,500 within the first three months of membership.
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else.
Receive 2,400 AIR MILES® when you spend $3,000 within first three months of membership.
1.99% balance transfer offer in the first 6 months. No balance transfer fee upon application
19.99%
22.99%
$299
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership.
You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Offers 5,000 Bonus Aeroplan Miles when you spend $500 in the first three months of membership. For new cardmembers only.
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
N/A
N/A
$60
Earn 1 Aeroplan Mile for every dollar spent. Double your miles on purchases at over 150 Aeroplan partner brands.
Offers 15,000 bonus Aeroplan Miles when you spend $1,500 within your first 3 months of membership.
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
N/A
N/A
$120
Earn 1 Aeroplan Mile for every dollar you spend up to $10,000 and 1.25 Aeroplan Miles for every dollar spent over $10,000 per year.
Receive 50,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership. You can also earn an additional $200 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Earn 1.25 Aeroplan Miles for every $1 charged on card purchases and 2 miles on eligible Air Canada purchases.
19.99%
22.99%
$899
Receive a bonus $200 in annual travel credit to use towards flights, car rentals, hotels and more.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Offers 30,000 Welcome Bonus points when you spend $5,000 in purchases within the first 3 months of membership.
Earn 3x the points on daily business spend including office supplies & electronics, rides & gas, and eats & drinks and 1x the points on all other purchases.
19.99%
22.99%
$99
Earn up to 42,000 Membership Rewards® points in the first year of card approval.
Offers 2,000 bonus AIR MILES® when you spend $5,000 within the first 3 months of membership.
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else
N/A
N/A
$180
Earn 1 AIR MILES® for every $10 spent at eligible AIR MILES® Partners* and 1 mile for every $15 spent anywhere else.
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
Receive 50,000 Marriott Bonvoy™ points when you charge $1,500 in the first 3 months of card membership.
Earn 5 Marriott Bonvoy™ points per dollar spent at participating Marriott Bonvoy™ properties, 3 points on eligible gas, dining and travel and 2 points on all other spend.
19.99%
22.99%
$150
Earn 5 Marriott Bonvoy™ points per dollar spent at participating Marriott Bonvoy™ properties, 3 points on eligible gas, dining and travel and 2 points on all other spend.
Offers 30,000 bonus points when you spend $5,000 within the first three months of card membership.
Earn 1 Membership Rewards point per $1 spent and 1 additional point per $1 spent at three eligible AMEX merchants in Canada.
N/A
N/A
$250
Benefit from purchasing power that adjusts dynamically with your card usage and grows with your business over time when you maintain a good credit.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 2,000 bonus AIR MILES® when you spend $1,500 within the first three months of membership.
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
19.99%
22.99%
$65
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Receive 40,000 bonus Aeroplan Miles after spending $3,000 in the first three months of card membership.
You can also earn an additional $150 Air Canada eGift Card after spending a total of $6,000 in purchases within the first six months of card membership.
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
N/A
N/A
$499
Get free annual partner ticket and unlimited access to Air Canada Maple Leaf Lounges as well as Air Canada priority check-in.
Receive 50,000 bonus Membership Rewards points when you spend $3,000 within the first three months of membership.
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend
N/A
N/A
$699
Earn 3 Membership Rewards points for every $1 spent on eligible dining, 2 points on eligible travel purchases and 1 point on all other spend.
Receive 40,000 points when you spend $5,000 within first three months of membership.
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate
N/A
N/A
$499
Earn 1.25 points for every dollar you spend with no limit to the number of points you can accumulate.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Receive 5% cashback (up to $300 cashback) in the first six months.
Get 2% cashback on all purchases. No cap and no limit.
19.99%
22.99%
$99
Offers 1.99% balance transfer rate in the first 6 months to new cardmembers. No balance transfer fee upon application.
Earn 2.5% cash back (up to $150 cash back) in the first three months.
1.25% cash back rate on all purchases when your welcome offer ends. No cap.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.

Compare up to 4 providers

Name Product Welcome Offer Reward Purchase Interest Rate Cash Advance Rate Annual Fee
Earn 2.5% cash back (up to $150 cash back) in the first three months.
1.25% cash back rate on all purchases when your welcome offer ends. No cap.
19.99%
22.99%
$0
Offers 1.99% balance transfer rate in the first 6 months. No balance transfer fee upon application.
Offers 150 AIR MILES® when you spend $1,000 within the first 3 months of membership.
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.
19.99%
22.99%
$0
Earn 1 mile for every $15 you spend at official sponsors and 1 mile for every $20 you spend anywhere else.

Compare up to 4 providers

*The products compared on this page are chosen from a range of offers available to us and are not representative of all the products available in the market. There is no perfect order or perfect ranking system for the products we list on our Site, so we provide you with the functionality to self-select, re-order and compare products. The initial display order is influenced by a range of factors including conversion rates, product costs and commercial arrangements, so please don't interpret the listing order as an endorsement or recommendation from us. We're happy to provide you with the tools you need to make better decisions, but we'd like you to make your own decisions and compare and assess products based on your own preferences, circumstances and needs.

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

  1. Click Go to site on this page to be directed to the American Express Gold Rewards Card page, and click Apply Now Securely.
  2. Complete the application with information including your full name, home address, income source and total annual income.
  3. 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.

Bottom line

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.

Back to top

Frequently asked questions about the American Express Gold Rewards Card

Pictures: americanexpress.com/ca

Go to site