American Express® Gold Rewards Card

9/10

Interest Rate

20.99%

Annual Fee

$250

Balance Transfer

N/A

Network

AMEX

Receive a 25,000 points Welcome Bonus by spending C$1,500 within the first three months of your account opening. That’s enough for a round-trip Fixed Mileage Flight across North America.

  • 2X POINTS on eligible travel Including flights, hotels, car rentals, cruises, and more
  • 2X POINTS on everyday purchases on eligible gas, grocery & drugstore purchases in Canada
  • 1X POINTS on everything else from dining to takeout, subscriptions, shopping, and more
  • 1 ADDITIONAL POINT on Amex Travel Online on eligible hotel or car rental bookings4

Earn two points for each dollar spent on gas, pharmaceuticals, groceries, and travel (flights, hotels, public transport) expenses one point for each dollar spent on other purchases.

This card is perhaps one of the best travel credit cards you can ever find. There’s a big sign-up bonus. Yes, you can get 25,000 points to jump start your mileage account if you meet the minimum spending threshold of $1,500 in the first three months. This is wonderful as you can get an instant balance of 25,000 points by doing very little work. The American Express Gold Rewards card is also great card when it comes to flexibility. You can easily make any travel related plans with the help of your credit card. It is simple to earn 2 points for every $1 spent on eligible travel and everyday purchases. That’s right. You don’t just get 1 point, rather 2 points for every dollar spent on grocery, gas and other car rentals, cruises, rail, and air-related travel expenses. The AMEX Credit Card points you earn can be transferred to:

  • Frequent flyer program
  • Aeroplan (1:1 with no additional charges)
  • British Airways Avios (1:1 with no additional charges)

Here’s some friendly advice – you can pair this travel credit card with TD Aeroplan Visa Infinite card mentioned below and enjoy 50,000 bonus points to jumpstart your travel plans. What’s even better is that you don’t have to pay any annual fee. Most AMEX Gold rewards credit card users say that it is way better than Visa Infinite AVION card by RBC for a number of reasons. First, AMEX waives your annual fee for the first year. Second, it offers an exciting sign-up bonus. Third, you can earn double points on travel spending. Lastly, but most importantly, AMEX gold card allows you to redeem Travel expenses at full value, unlike RBC which gives you half a penny per point. Remember that AMEX Gold Rewards card allows you to take advantage of promotions in both the Aeroplan and Avios programs without losing any value.

Signup/Welcome Bonus Offers

  • Completely free Additional Gold Rewards Card (C$50 worth) that helps earn points at a faster rate.
  • A “charge” card for those who pay their monthly balances in full.
  • One of the few cards to include travel emergency medical insurance for 15 days.

You can earn up to 25,000 points by signing up for the American Express Gold Rewards Card. When redeemed, these points can be worth up to C$500. The condition, however, is to charge at least C$1,500 in the first three months of your card membership.

The ability to transfer these points to the Aeroplan 1:1 lets you pile up your bonus points that can later be used to cover your flight expenses. You can also redeem the welcoming 25,000 points for a C$250 statement credit against any kinds of travel expenses, including hotels, public transport, and more.

Card Best Suited For

To get approved for this card, you need to be a permanent Canadian resident of legal age, living in your territory or province of residence. There’s no minimum required personal or yearly household income when signing up for this card. However, the recommended credit score needs to be excellent, ranging from 760 to 900.

Since this is a “charge” card, we only recommend it for customers who pay their monthly balances in full. If not paid fully, the interest rate will increase to 30%. All of your payments need to be processed by your next statement date to steer clear of interest charges.

The American Express Gold Rewards Card is an excellent option for frequent travelers, especially for those concerned about travel insurance. This card’s travel insurance package includes the following:

  • Emergency health insurance for up to 15 days.
  • Flight delay insurance.
  • Trip interruption insurance.
  • Stolen baggage insurance.
  • Hotel burglary insurance.
  • Car rental and theft or damage insurance.
  • C$500,000 travel accident insurance.
  • Price and purchase protection.

The overall travel insurance value can top C$750,000 per year, making it one of the market’s best travel insurance packages.

Reward Type

American Express Gold Rewards Cardholders earn double points for each dollar spent in many categories not included by other cards: grocery shopping, gas, hotels, trains, flights, and tour operators. If we compare this plan to other Aeroplan cards, the competitor cards offer only 1.25 points on general purchases and one point in travel for each dollar spent.

You can redeem each point earned with the American Express Gold Rewards card with unparalleled flexibility. This means you can charge any travel (no seat restrictions), pay taxes or fees, or transfer points to Aeroplan and Avios. You can get two Aeroplan points for each dollar spent in the categories mentioned in the previous paragraph. No other Aeroplan card in the country lets you double the points in as many categories.

9 Total Score
American Express® Gold Rewards Card Review

PROS
  • The American Express Installment Program
  • Purchase protection
  • 24/7 customer service
CONS
  • Must be Canadian to apply
  • Not as accepted by other credit card companies
  • High annual fee
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